CIT Group Inc.

  • Sr. Analyst, Quantitative Liquidity Management

    Location US-CA-Pasadena
    Job ID
    30873
    # Positions
    1
    Job Family
    Finance - Treasury
    Type
    Full-Time
  • Overview

    Founded in 1908, CIT (NYSE: CIT) is a financial holding company with approximately $50 billion in assets as of Dec. 31, 2017. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has approximately $30 billion of deposits and more than $40 billion of assets. CIT provides financing, leasing, and advisory services principally to middle-market companies and small businesses across a wide variety of industries. It also offers products and services to consumers through its Internet bank franchise and a network of retail branches in Southern California, operating as OneWest Bank, a division of CIT Bank, N.A. For more information, visit cit.com.

    Responsibilities

    The position is responsible for utilizing advanced quantitative finance and computational skills develop analysis and tools to measure, monitor and manage liquidity risk within the Treasury Group. The position will interact extensively with Treasury’s ALM team to measure and understand forecasted and actual liquidity risk inherent in the balance sheet. The position will also support analysis and management reporting for Senior Management, ALCO, as well as the Risk Management and Internal Audit groups.

     

    • Develop tools to optimize the required liquidity held at the legal entity level, utilizing historical cash-flow trends and forecasts over various time horizons, and incorporating Regulatory LCR, and Liquidity Stress-Testing requirements, policy limits, etc.
    • Provide analytical support in establishing and calibrating new Board and Management liquidity limits, ALCO thresholds and/or early warning indicators to help manage liquidity risk
    • Draft and research liquidity framework including policies and contingency funding plans
    • Provide ad-hoc liquidity analysis as needed to enhance analytics around liquidity stress-testing and scenario design, interest rate risk, contingent liquidity as application for funds transfer pricing (FTP), etc.
    • Support the ALM and Liquidity teams with required reporting to ALCO and other management and Board Committees

    Qualifications

    • 3+ years of experience in Treasury functions (e.g., interest rate risk, capital and/or liquidity); prior experience in Bank Treasury Finance, or Risk Management is preferred
    • Degree in a quantitative field such quantitative discipline such as Economics, Financial Engineering, Mathematics, etc.; advanced degree such as Masters or PhD preferred
    • Strong quantitative and programming abilities (C, C++, C#, VBA, SQL, Java, etc.)
    • Strong analytical skills including experience in financial quantitative modeling; experience with QRM, or other ALM systems, is preferred
    • Experience with market risk analytics, including LCR, Liquidity Stress-Testing, Earnings at Risk (EAR), Economic Value of Equity, Value at Risk (VaR), Risk Sensitivities and scenario analysis, etc.
    • Excellent written and verbal communication skills – in particular, an ability to communicate complex technical ideas to a diverse audience
    • Ability to work in a fast-paced environment, with strong competency on prioritization and task management.
    • Good team player with interpersonal skills

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