CIT Group Inc.

  • VP, Treasury Back Office

    Location US-NJ-Livingston
    Job ID
    # Positions
    Job Family
    Finance - Treasury
  • 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


    Leadership role managing the Treasury Services Back Office team responsible for the operational processing of Debt, Investments, Derivatives (FX, Interest Rate Swaps, Caps)..
    • Settlement and confirmation processing and control, plus query/issue resolution
    • Ensure full segregation of treasury back office functions
    • Supports both Corporate Treasury and Capital Markets client and street facing transactions
    • Connects the Treasury Trading front office to the accounting and cash operations functions
    • Responsible for enforcing Operational risk controls to ensure trading activities are conducted using “ best practices” (trade capture, control, and confirms, settlement, and booking etc)
    • Assist in operational readiness for new product onboarding, and ensure functional groups are ready to support new transactions
    • Liaise with Controllers on trade reconciliation / error investigation
    • Management of a team of 4 Treasury Back Office professionals located in Livingston NJ
    • Liaise with internal and external auditors relating to SOX and Internal Audits.  Ensure policy and procedures are followed properly and are updated as needed.


    • Bachelor’s Degree in business related area, or relevant experience
    • 8-10 years of Treasury Operations Experience
    • Production and Managerial experience required
    • Extensive knowledge of Trade Processing and Treasury Products including Derivatives (FX, Caps, Swaps) and Investments (MBS, Agency, Repos)
    • Experience managing operational execution projects including business requirement documentation, testing and production elevation support
    • Superior Communications skills
    • Knowledge of Blackrock Aladdin, ePAM, Chatham, Clearwater, Misys, Markit, Loan IQ, SharePoint, and/or Quantum plus


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