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Posted: Friday, February 2, 2018 5:17 AM

Founded in 1908, CIT (NYSE: CIT) is a financial holding company with more than $65 billion in assets. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has more than $30 billion of deposits and more than $40 billion of assets. It provides financing, leasing and advisory services principally to middle market companies across a wide variety of industries primarily in North America, and equipment financing and leasing solutions to the transportation sector. 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.
Responsibilities: Work on the monitoring process for models in CIT s Model Inventory. Acquisition of data for generating model metrics, which serves as an indication of model s performance. Generating model performance monitoring reports. Conduct periodic review of inputs, outputs, performance and assumptions for risk models utilized across the entire organization. Assist with creation of quarterly management report and presentations for Model Performance monitoring of all models in inventory. Review technical specifications, documentation, and reports related to models (e.g., Python code, SAS code, Excel implementation, and statistical metrics). Update model inventory and other model governance activities. Conduct research as needed (e.g., model development, model validation, model performance monitoring, best industry practices; regulatory issues, etc.) Participate in growth and enhancement of Model Performance Monitoring Program and Independent Model Validation (IMV).
Requirements: Master s degree in a statistics, economics or a related quantitative field and two years of experience in the job offered or two years data analytics experience. Experience must include two years of the following: experience with one or any combination of the following programming languages: Python, R, SAS, Matlab; and working with large and complex data sets. Experience may be gained concurrently. Employer performs pre-hire background check (with fingerprinting), credit check and drug testing.
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CIT is an Equal Employment Opportunity (EEO) employer. It is the policy of CIT to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex (including pregnancy), gender identity, sexual orientation, national origin, age, protected veteran or disabled status. If you would like more information about your EEO rights as an applicant under the law, please click here:
Job ID30129
# Positions1
Job FamilyRisk Management - Model Validation
Associated topics: captain, district manager, fire captain, fire chief, fire marshal, gerente, manager, petty officer, police commander, team lead


• Location: Livingston, North Jersey

• Post ID: 53464857 northjersey is an interactive computer service that enables access by multiple users and should not be treated as the publisher or speaker of any information provided by another information content provider. © 2018