AVP, Banking Relations Group

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.

The Assistant Vice President will support the technical and strategic business initiatives within the Banking Relations Group in establishing and maintaining a global centralized banking network with emphasis on utilization of CIT Bank where possible. Candidate will proactively partner with internal parties, including but not limited to Finance, Accounting, Tax and Legal to support the different functional goals. The Candidate is expected to drive the change of moving the company's account structure to CIT Bank, support cash management change regarding receipt and disbursements away from correspondent banks, M&A support for the Treasury Operations group, including enhanced reporting and metrics.

This position will also support the teams with various ongoing and new strategic initiatives,including but not limited to:
- Account transaction analysis to drive change
- Provide subject matter expertise to Business Units for new initiatives
- Ongoing analysis of existing and future bank account structure for the organization
- Bank Signatory Risk Control
- Bank account set up and attributes
- Bank fee, bank account and project metrics reporting
- KYC Refresh, Vendor management and Third Party Oversight management
- Banking relationship management
- Liaise with bank representatives to open and close bank accounts
- Implement and maintain full range of banking services (i.e. lockbox, positive pay, ACH, Direct Debit etc.)
- Liaise with Legal and Tax regarding banking documentation and strategic project needs
- Assist with the creation and submission of general ledger account maintenance requests for new, closed and changed bank accounts
- Support any Treasury Operations initiatives and projects
- Other special ad hoc projects as needed.

Financial experience preferably within the Treasury Banking Operations function.
- Strong Organization and reporting experience.
- Integrity: Exhibits and adheres to high moral, ethical, and personal values in decisions, communications, actions and when dealing with others.
- Strong Analytic Skills: able to link financial results to operational performance drivers, generate alternatives and drive positive change.
- Results oriented and dedicated team worker.
- Excellent communication skills with experience working across multiple levels and functions; able to deliver the message effectively verbally and in writing.

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:

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Company
CIT GROUP INC.
Posted
09/11/2021
Type
Full time
Location
Morristown, NJ 07960, US