Founded 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.
The successful candidtae will be a key contributor to CIT's Independent Model Validation (IMV) team. The three primary functions of IMV are: Model Governance and Model Risk Management, Validation of Models, and Ongoing Monitoring of Models.
Principle Duties and Responsibilities:
* Maintain, update and enhance IMV database (ACCESS), and generate monthly and quarterly model governance reports through programming• Maintain, update and enhance IMV SharePoint site• Perform model governance activities including model inventory update, validation issue management, and reporting• Automate and enhance routine processes through programming• Automate and enhance model monitoring reporting, such as data entry and report generation.
CIT provides banking and related services to commercial and individual customers.