Sr. Credit Risk Analyst (ALLL)

This position is the primary owner for the enterprise wide reserving process including methodology, documentation, process management, reviews/approval, forecasting and validation. The role is critical to maintaining robust and accurate reserves on the various sub-portfolios and the CIT lease and loan portfolio in total. The position requires significant interaction with several groups within the organization (including Finance, the Segments/BUs, Corporate Risk Management and executive management).

Principal Duties & Responsibilities:
• Collect and analyze data to support the effectiveness of the allowance for loan & lease losses (ALLL) process and other credit risk management activities (across various business units and commercial industries)
• Develop, produce, and analyze business unit reporting that supports a fact based decision making process around the ALLL and its adequacy
• Develop, produce, aggregate and analyze reports on origination activity, account management activity and delinquency trends for forecasting purposes and peer analysis
• Work with business units and CRM to compile and compute risk factors that could be used in determining the allowance for loan & lease losses
• Drive the ongoing improvement of data, data collection, data analysis and reporting; and contribute to the effectiveness of data analysis and reporting tools
• Remain current on data availability, statistical analysis tools and techniques in the industry for forecasting potential losses/delinquencies and other credit risk metrics
• Remain current on changes to accounting and regulatory guidelines around the ALLL and associated risk management activities

• Analyze the ALLL processes and provide recommendations for improvements to enhance efficiency. Recommend standardization and best practices among business unit/CRM activities around the ALLL on an on-going basis
• Develop, update or modify existing policies and procedures per Senior Management directives

Key additional activities will include:
• Understand and improve upon the existing ALLL process and activities.
• Act as an additional liaison between the business units and CRM and Senior Management.
• Drive changes to the statistical techniques used around the ALLL methodology
• Maintain procedural documents to ensure consistency across different business functions and departments involved in the ALLL process
• Work with other departments to establish relationships, provide expertise and communicate research/reporting results

BA / Masters combination in the fields of business, finance and statistics with elective courses requiring writing/presentations.
• Minimum 5-7 years of experience working at a bank in a commercial lending/risk management capacity.
• Additional desired experience to include: Finance / FP&A and/or underwriter or portfolio manager in a commercial lending capacity and as part of a risk management group desired

• Strong business sense/ability to understand commercial lending businesses & industries.
• Strong Excel skills (Power user with VBA knowledge preferred)
• Close attention to detail
• Understanding of BASEL concepts around probability of default (PD)& Loss Given Default (LGD) would be beneficial
• Ability to conceptualize, research, compile & present relevant stats to the Senior Leadership verbally or in writing
• Analytic/Systematic/Conceptual thinker
• Strong database skills
• Knowledge of databases & statistics/statistical methods
• Good presentation skills
• Creativity in using presentation software
• Ability & confidence to communicate with Senior Management
• Ability to work on a number of projects simultaneously
• Ability to work independently & within teams
• Understanding & experience in project management concepts
• SAS or similar data analysis software experience

Hiring Policies - United States

CIT is an Equal Opportunity Employer. CIT policy prohibits discrimination of employees and applicants for employment. No aspect of employment with CIT will be influenced in any manner by race, color, religion, age, sex, national origin, marital status, disability, Vietnam veteran status, sexual orientation or any other basis prohibited by applicable law. CIT's policy applies to, but is not limited to, hiring, promotion, demotion, transfer, termination and compensation. CIT complies with applicable federal, state and local laws governing nondiscrimination in employment in every location in which CIT has offices.

Hiring Policies - Canada

CIT is committed to a workplace free from discrimination by providing equal treatment and equal opportunity to all of its employees and potential employees regardless of age, ancestry, citizenship, colour, religion, creed, ethnic origin, language, race, sex or sexual orientation, family status, marital status, physical disability/handicap, political belief or any other prohibited ground for discrimination. CIT complies with applicable federal, provincial and local laws governing nondiscrimination in every location in which CIT has offices.