CIT Group Inc.

VP, Treasury - Quantitative & Strategic Liquidity

Location US-CA-Pasadena
Job ID
33778
# 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 VP, Quantitative Liquidity Modeling will be responsible for all the Bank’s internal liquidity stress-testing activities in accordance regulatory expectations and requirements for a Category IV institution. This position will take the lead role in the ongoing development and support of methodologies, updates, and support for key assumptions, and/or input parameters (including the development and maintenance of supporting documentation). This position will also lead methodology development of liquidity related charges associated with the Bank's funds transfer pricing activities.

  • Develop and/or refine liquidity cash-flow forecasting and liquidity stress-testing methodologies using analytical tools, historical data, and other appropriate information in a manner consistent with market risk modeling for on and off-balance sheet exposures.
  • Produce and report monthly liquidity stress-testing and liquidity metrics, as well as quarterly liquidity back-testing, scenario, and sensitivity analysis
  • Collaborate with the business line FPA/BU leaders to enhance the analysis and interpretation of liquidity risks and assign liquidity charges with a focus on promoting liquidity risk management within lines of business.
  • Coordinate closely with internal stakeholders, including Treasury’s ALM, investment, capital, and funding teams, as well as second line of defense oversight groups to promote high-quality, consistent, and robust methodologies, assumptions, and approaches.
  • Facilitate cross-functional collaboration with FP&A, financial reporting, and business lines to support liquidity risk assessment and liquidity buffer sizing associated with internal activities including, capital stress-testing, financial forecasting, contingent funding planning, 2052A regulatory reporting, etc.
  • Engage with key internal stakeholders for ongoing evaluation of compliance with regulatory requirements/guidance and internal policies/standards.
  • Maintain liquidity stress-testing model documentations, and procedures.

Qualifications

  • 5+ years’ experience in ALM modeling, Capital stress-testing, and/or Liquidity modelling/stress-testing.
  • 5+ years’ experience in behavioral cash flow modeling of financial instruments such as deposits, mortgages, commercial loans.
  • Mastery in a variety of software applications and languages: SQL, VBA, Microsoft, QRM, or other ALM systems.
  • Understanding of theoretical and practical accounting and finance concepts as well as techniques including discounted cash flow analysis, ROE, economic capital, funds transfer pricing, ALM and interest rate risk models, etc.
  • Excellent analytical and communication skills: ability to interpret complex financial results and business indicators to identify trends and report in a clear and actionable way.
  • Master’s or PhD in in a quantitative degree required. Advanced degree in Computational Statistics, Financial Engineering, or Financial Modeling, preferred.

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