CIT Group Inc.

Product Head, Treasury & Payment Services

Location US-NJ-Livingston
Job ID
32631
# Positions
1
Job Family
Originations Support - Sales Support
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

  • Create a vision, strategy and roadmap for the product set as a whole.
  • Lead product team and inspire product managers to embrace and support overall vision; provide direct reports with proper tools and authority to execute their assigned functions. Develops skills of staff through goal-setting, coaching, problem resolution, delegation, training, counseling, and performance management.
  • Own the business case development, identification of functionality requirements and the rollout of new TM products and enhancements to support growth objectives for the Bank.
  • Act as the primary point of contact for TM product development and product assistance regarding functionality, use and value proposition.
  • Develop annual business plan with management team to set goals, service expectations, market strategy, competitive advantage, profitability and revenue goals and tracks progress to plan.
  • Develop product reporting and monitors and tracks success (adoption rates and financial) of TM products and services.
  • Oversee the pricing of TM products to ensure their competitiveness and profitability. Maintains knowledge of market trends and new developments to provide best-in-class products and services.

 

Qualifications

  • 10 years' experience in an equivalent role demonstrating advanced understanding of all TM products, services, industry requirements,
  • Proven ability to develop and maintain open, professional, positive and productive relationships
  • Strong leadership and managerial skills are required to manage, motivate, and develop teams
  • Strategic problem solving and decision-making with demonstrated ability to quickly focus on key issues, make decisions under pressure and translate business challenges into opportunities.
  • Unquestionable integrity in handling sensitive and confidential information required.

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