CIT GROUP INC.
New York City, NY, United States
Clevel, Executive, 100k
OverviewFounded in 1908, CIT (NYSE: CIT) is a financial holding company with approximately $50 billion in assets as of Dec. 31, 2017. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has approximately $30 billion of deposits and more than $40 billion of assets. CIT provides financing, leasing, and advisory services principally to middle-market companies and small businesses across a wide variety of industries. It also offers products and services to consumers through its Internet bank franchise and a network of retail branches in Southern California, operating as OneWest Bank, a division of CIT Bank, N.A. For more information, visit cit.com.
ResponsibilitiesThe Rates & FX team, reporting to the Head of Capital Markets, partners with business units across the bank to deliver interest rate derivative and foreign exchange products to clients.
Key responsibilities of the Vice President include:* Consult with private equity sponsors and corporate management teams to formulate and execute financial risk management strategies across rates and FX products* Establish and maintain relationships with internal relationship bankers. Keep apprised of pipeline opportunities across the bank and identify opportunities to cross-sell rates and FX products to clients* Act as market expert for rates and FX markets, and distribute timely market updates both internally and externally* Assist deal teams throughout credit approval process to ensure proper credit limits are in place with client counter-parties* Negotiate trading documentation with customer and bank counter-parties including: - ISDA Master and Schedule, Credit Support Annex, Cleared Derivatives Execution Agreement, FX Agreement, Dodd-Frank on-boarding requirements etc.* Liaise with middle and back office teams to ensure smooth processing throughout the trade life-cycle< br>
Qualifications* 5-10 years of experience in a client facing role, with exposure to interest rate derivative and/or FX products* In-depth understanding of over-the-counter interest rate derivative and FX markets* Ability to multi-task across a large number of active deals while maintaining high level of attention to detail* Proficiency with Bloomberg
CIT GROUP INC.
Website : https://www.cit.com/
CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing and leasing products; and a suite of savings options in the United States. The company operates in five segments: Corporate Finance, Transportation Finance, Trade Finance, Vendor Finance, and Consumer. The Corporate Finance segment offers lending, leasing, and other financial and advisory services to small and middle-market companies in various industries, such as commercial and industrial, communications, media and entertainment, healthcare, and energy. The Transportation Finance segment provides aircraft and railcar, leasing and financing solutions to operators and suppliers in the aviation and railcar industries. This segment also offers lending and other financial products and services to companies in the transportation sector, such as business aircraft, maritime, and aerospace and defense industries. The Trade Finance segment provides a range of domestic and international customized credit protection, lending, and outsourcing services that include working capital and term loans, factoring, receivables management products, bulk purchases of accounts receivable, import and export financing, and letter of credit programs to retail supply chain companies. The Vendor Finance segment partners with manufacturers, distributors, dealers, and product resellers to deliver financing and leasing solutions to end-user customers for the acquisition of equipment. The Consumer segment offers government-guaranteed student loan portfolios, which are in run-off. The company also provides account receivables collection, acquisition and expansion financing, asset management and servicing, credit protection, financial risk management, import and export financing, insurance, letters of credit, and mergers and acquisition advisory services, as well as debt restructuring, underwriting, and syndication services. CIT Group Inc. was founded in 1908 and is headquartered in Livingston, New Jersey.