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AVP, Treasury Services Middle Office

Company: CIT GROUP INC.
Location: Morristown
Posted on: January 17, 2022

Job Description:

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 .

We are seeking an AVP, Treasury Services Middle Office. This position's primary responsibility is to support CIT's trading desks on a broad scope of functions which include reporting, compliance, and trade support. Responsibilities and essential job functions include but are not limited to the following:
* Manage the daily/weekly/monthly reporting and monitoring responsibilities that are required of the Middle Office, including portfolio reporting, risk and P&L reporting, trader limit monitoring, and counterparty exposure reporting
* Conduct P/L reporting and reconciliations and provide analytical support
* Administer the daily collateral process, including market-to-market comparisons and calculations of margin exchanges with CIT's trading partners
* Evaluate processes, recommend ideas for automation and process improvement opportunities, and implement as appropriate
* Develop and maintain compliance rules and controls for the bank's trading desks, exposures, and
* Review and execute OTC trade confirmations and wire memos for trade closings and other transactions
* Onboard new trading counterparties and accounts: ISDA, clearing, CSA, MRA, CUA, MSFTA, SIFMA, QIB, and other required trading documents
* Ensure KYC and Sanction Screening for New counterparties and administer their instructions and set-up in Trade Capture System
* Build strong business relationships and maintain a high degree of knowledge of Treasury products, services, systems, and governance requirements
* Ensure policy and procedures are followed properly and are updated as needed

* Bachelor's Degree, preferably in accounting or finance
* 5+ years of experience in a middle office or trading operations role, preferably in banking, hedge fund, or asset manager role
* General knowledge of and familiarity with financial instruments (i.e. fixed income, foreign exchange, repo, debt, interest rate and derivative products, equity etc.) and understanding of book value, clean market value, book yield, duration, DV01
* Ability to multitask and work under pressure, prioritizing duties according to risk
* Excellent analytical and problem-solving skills in order to identify, understand, and address operational and technical issues
* Strong written and verbal communication skills
* A self-motivated individual who is able to use sound judgement and deliver results with minimal supervision, while also working effectively as part of a team

CIT is committed to Equal Employment Opportunity. It is CIT's policy to provide equal employment opportunities to all qualified applicants without regard to their race or perceived race (including traits historically associated with race, such as hair texture and protective hairstyles), color, national origin, nationality, ancestry, citizenship, immigration status, age, sex (including pregnancy, lactation, childbirth or related medical conditions), actual or perceived gender, gender identity, gender expression or transgender (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), religion, creed, marital status, family status, domestic partnership or civil union status, affectional or sexual orientation, atypical hereditary cellular or blood trait, genetic information or predisposition or carrier status (including testing and characteristics), status as a victim of domestic violence, actual or perceived status as a caregiver, military status and service, protected veteran status, mental or physical disability, perceived disability, record of disability, medical condition, AIDS and HIV status, or any other protected characteristic established by applicable federal, state, or local laws. If you would like more information about your EEO rights as an applicant under the law, please click here:
Pay Transparency Notice
EEO Law Poster
EEO Supplemental Poster

Keywords: CIT GROUP INC., Newark , AVP, Treasury Services Middle Office, Administration, Clerical , Morristown, New Jersey

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