CIT Group Inc.

  • AVP, Stress Testing & Analytics

    Location US-NY-New York
    Job ID
    31846
    # Positions
    1
    Job Family
    Finance - Stress Testing & Analytics
    Type
    Full-Time
  • Overview

    Founded in 1908, CIT (NYSE: CIT) is a leading national bank empowering businesses and personal savers with the financial agility to navigate their goals. We believe in helping customers turn their ideas into outcomes. Whether those customers are building a business or building their savings, CIT has the experience and agility to empower them to achieve their goals. At CIT, how we do business is just as important as what we do. Our social responsibility programs focus on driving financial and personal empowerment, supporting the environment and advancing wellness. CIT contributes to communities where we live, work and do business through charitable donations, community investments and employee volunteerism.

    Responsibilities

    The Stress Testing and Analytics Team (STAT) oversees the management, design, and execution of CIT’s Capital Planning process, CECL implementation, Economic Scenario Development, as well as other analytical 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 within a team to help develop, produce, and maintain management reporting presentations
    • Heavy focus on data analysis
    • Review and edit methodology documentation
    • Track and report on Risk Related Models and Other Estimation Approaches (OEAs)
    • Develop presentation materials to support Review and Challenge for governance committees
    • Assist with the development and preparation of the Capital Plan
    • Assist with the management and tracking of the firm’s CECL implementation
    • Review and stay informed on risk related regulatory guidance published by the FRB, OCC, and other Regulators

     

    Qualifications

    • 3+ years of experience in consulting and/or the financial services industry required
    • Financial reporting and analysis experience preferred
    • Experience with Financial Database Systems and OLAP software preferred
    • Working knowledge of regulatory landscape (e.g. CCAR, DFAST, Basel III, CECL) preferred
    • Knowledge of Credit Loss Forecasting techniques and small-middle market credit risk experience a plus
    • Basic understanding of Statistical Principles a plus
    • Strong Excel and PowerPoint skills required.
    • Ability to manage complex problems in tight timelines and to handle competing priorities
    • Excellent organizational skills
    • Good oral communication and strong written communication skills
    • Team player with ability to assist with managing numerous projects and work effectively with diverse teams
    • Willingness to work across reporting lines and support multiple work streams

     

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