CIT Group Inc.

VP, QRM Treasury

Location US-NJ-Livingston
Job ID
32459
# Positions
1
Job Family
Finance - Treasury
Type
Full-Time

Overview

CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). The company's commercial banking segment includes commercial financing, community association banking, middle market banking, equipment and vendor financing, factoring, railcar financing, treasury and payments services, and capital markets and asset management. CIT's consumer banking segment includes a national direct bank and regional branch network. Discover more at cit.com/about.

Responsibilities

The Balance Sheet Management (BSM) Group is a front-line function within Treasury. The BSM group is responsible for measuring CIT’s interest rate and liquidity risk exposures to support funding, hedging, and investment activities, as well as the Company’s strategic planning and capital management decisions.
The VP- Balance Sheet Data and Modeling position offers a unique opportunity to be highly focused on data analysis, data transformation logic, and model development in support of interest rate and liquidity risk management activities. The role requires general banking product knowledge (commercial loans, residential mortgages, non-maturity deposits, etc.), experience with the Quantitative Risk Management (QRM) system, excellent business acumen, and problem-solving skills. The successful candidate will have strong communication skills and partner with other departments across the enterprise including Information Technology, Risk, Finance, and front-line business teams.

Essential Duties:
o Support monthly ALM and liquidity production activities as primary lead in data quality analysis, data transformation, QRM system logic modifications, and performance analytics
o Assist in the of balance sheet and cashflow modeling to measure multiple risks hierarchically and across the entire organization within the QRM system
o Maintain regular (written and oral) interactions with technology, operations teams, Financial Planning, Audit, Model Validation, Controllers, and model developers.
o Project manage data sourcing, testing and implementation projects for Treasury’s BSM Group requiring coordination across cross-departments and in a fast-paced environment
o Work with other modeling analysts, to provide expertise in targeted data delivery and utilization for model development and implementation to support ALM, capital and liquidity stress-testing activities

Additional responsibilities include:
o Address model validator, auditor, or regulator questions and/or feedback.
o Produce and maintain robust documentation as needed to ensure applicability of results and fulfill governance requirements.

Qualifications

Minimum required skills and experience:
o A minimum of 5 years of experience with ALM systems (QRM, Bancware, etc. ) required
o A Bachelors’ degree in mathematics, finance, statistics, economics, or related field
o MBA or MS in Finance or other quantitative field is preferred
o Strong proficiency in MS SQL, Excel, VBA required
o Excellent organizational skills with sound strategic judgment and vision
o Strong communication skills with the ability to clearly articulate complex topics at all levels of the organization
o Creative problem solver and strong analytical and technical capabilities with proven ability to process large datasets into meaningful information

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