CIT Group Inc.

  • VP, Stress Testing & Risk Analytics

    Location US-NJ-Livingston | US-NY-New York
    Job ID
    # Positions
    Job Family
    Risk Management - Regulatory Risk
  • 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


    The Stress Testing and Analytics Team (STAT) is the group that oversees the management, design, and execution of CIT’s stress testing process, CECL implementation, as well as other analytics tasks. The group is focused on establishing standards for best practice, accountability, and a strong capital adequacy process across the various Lines of Business (LOBs) involved. The STAT Team works with a broad range of functions within CIT including key Risk and Finance teams in addition to the LOBs in order to ensure a robust process.

    • Work with a team to develop, produce, and maintain management reporting presentations
    • Administration of Working Group meetings /Review and Challenge meetings for Risk Forecasting and Risk Identification and Scenario design working groups
    • Review and edit methodology documentation
    • Track and report on Risk Related Models and Other Estimation Approaches (OEAs)
    • Development/Review of presentation materials to support Review and Challenge
    • Assist with the development and preparation of the Capital Plan
    • Assist with the management and tracking of the firms CECL implementation
    • Review and stay informed on risk related regulatory guidance published by the FRB, OCC, and other Regulators
    • Assist with the sourcing, development, governance and dissemination of economic forecasts


    • 8+ years of experience in consulting and/or the financial services industry required with 3+ years of small-middle market credit risk experience (credit analysis, underwriting, loan origination, risk rating, etc.) preferred
    • Working knowledge of regulatory landscape (e.g. CCAR, DFAST, Basel III, CECL)
    • Working Knowledge of Credit Loss Forecasting techniques, a plus, but not required
    • Basic understanding of Statistical Principles
    • Strong Excel and PowerPoint skills a significant plus.
    • Ability to manage complex problems in tight timelines and to handle competing priorities
    • Excellent organizational skills
    • Good oral communication and strong written communication skills with a focus on written communication in the form of presentation materials
    • Team player with ability to assist managing numerous projects with supervision and guidance and to work effectively with diverse teams


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