CIT Group Inc.

  • VP, Quantitative Liquidity Management

    Location US-CA-Pasadena
    Job ID
    30881
    # 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

    Significant role reporting to the Director of Quantitative Liquidity Strategy in the Corporate Treasury Group. The VP- Quantitative Liquidity Management, is responsible for leveraging in-depth knowledge of liquidity regulation and financial markets, as well as advanced quantitative skills and management experience to identify, measure, and optimally manage liquidity risk.

     

    The position will interact extensively with the Corporate ALM group, and Treasury colleagues in developing liquidity optimization tools and strategies. The VP- Quantitative Liquidity Management also will liaise with business leaders, technology, and risk management groups to stay current with liquidity and market developments.

     

    • Leverage CIT’s limit and policy structure, Internal liquidity stress-testing (ILST) framework, as well as regulatory, rating agency, and investor expectations to develop tools to optimize the required liquidity maintained at the legal entity level and drive shareholder value
    • Coordinate closely with treasury colleagues, the corporate forecast and capital planning teams to ensure appropriate incorporation liquidity constraints in CIT’s forecasted strategic actions and develop strategies to optimize liquidity
    • Maintain thorough understanding of the regulatory requirements and guidance regarding liquidity risk; drive appropriate plans and actions to ensure any gaps are addressed on a timely basis
    • Understand and assess the liquidity risk impact to new products and business strategies; 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
    • Manage the strategic roadmap that guides the prioritization of system, framework and process enhancements in order to continuously evolve the liquidity management area; Pro-actively and continuously reassess CIT’s liquidity risk environment and adjust prioritization as necessary to ensure a strong framework
    • Partner with key corporate and business partners to design and implement enhanced FTP methodologies to align risk taking incentives with liquidity risk exposure through sophisticated liquidity cost allocation
    • Work directly with business and corporate leadership teams to ensure a sound understanding of liquidity risks, providing an independent view and value-adding contribution to enhance proactive risk management
    • Ensure compliance with Regulatory Requirements, CIT’s policy and ensure contingency funding plans (CFP) appropriately incorporate updated liquidity risk measures and scenarios
    •  

    Qualifications

    • Minimum 7 years of experience in finance and treasury areas, including technical, and quantitative experience in liquidity risk management and/or asset liability management
    • In-depth knowledge of liquidity risk analytics, regulatory guidance, including 2052A, LCR, liquidity stress testing, Reg YY, etc.
    • Extensive understanding of Bank balance sheet modeling, including fixed income, and derivative instruments, as well as asset and liability interest rate and liquidity risks; comprehensive knowledge of capital market products and lending operations
    • Strong quantitative and programming abilities required (C, C++, C#, VBA, SQL, Java, etc.) and QRM, or other ALM systems, is preferred
    • In-depth knowledge of liquidity market risk analytics, including LCR, Liquidity Stress-Testing, Earnings at Risk, 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 and relate to less market and liquidity risk aware businesses.

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