CIT Group Inc.

  • VP , Treasury - Investment Portfolio Trader

    Location US-NY-New York | US-NJ-Livingston
    Job ID
    30890
    # 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

    • Role is reporting to Investment Director who reports to Chief Investment Officer in the Corporate Treasury Investment Portfolio Group. The VP investment portfolio trader assists Investment Director and Chief Investment Officer in managing Agency MBS , Agency debenture and Treasury Investments as well as working with Middle office function on solving trade issues, enhancing investment process flow and reporting abilities.
    • Partner with middle office and back office functions to design and implement enhanced trading process flow and update desk procedures as necessary
    • Assis in managing portfolio risk and assessing new products and investment strategies
    • Provide analytic support in establishing and calibrating Investment limits, ALCO thresholds and early warning indicators to help manage market and credit risks inherent in the Investment Portfolio
    • Perform pre-purchase investment analysis in accordance with regulatory guidance, CIT Investment policy and procedures and follow applicable policies and procedures
    • Excellent analytical skills , and assist with enhancing investment analytical framework to demonstrate proper risk adjusted returns and value creation

    Qualifications

    • 7-10 years of trading experience in Treasury bill, note, and bond, Agency MBS and Agency Debentures, with at least 5 years of working experience in assisting in managing investment portfolio for banks, and regulated banking entity
    • In-depth understanding of mechanics and dynamic of the agency mortgage market structure as well as a strong understanding of primary drivers and risk factors of mortgage cash flows and valuations
    • In-depth knowledge of fixed income markets, and fixed income risk analytics, and familiar with regulatory guidance including Volcker rules, and security trading laws , etc.
    • Ability to work with team of highly skilled professionals, collaborating work flow and tasks, and measuring and driving performance
    • Demonstrate ability to prioritize deliverables in a high pressure business
    • Excellent verbal and written skills, including the ability to prepare and produce quality presentations to senior management, ALCO and other management and board level committees in a timely manner
    •Excellent analytical and quantitative skills
    • Preferably 5 years of user experience with BlackRock Aladdin, Yield book, Bloomberg, and Intex or other industry well known fixed income analytical tools and applications. Proficient with excel and power point applications
    •Knowledge of trading desk process flow, and work with Middle office to enhance trading process and flow is preferred.

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