Manager Business Analysis Market Risk

Found in: Jooble CA O C2 - 7 days ago


Toronto ON, Canada Hyundai Capital Full time

Manager, Residual Value Risk - ( 24000034 )
Who We Are: Hyundai Capital Canada (HCCA) is the Canadian captive finance business for Hyundai Motor Group. We go to market under the service brands Hyundai Motor Finance, Kia Motors Finance and Genesis Finance. Through a network of over 400 Hyundai and Kia dealerships nationwide, we provide indirect vehicle financing and leasing solutions to consumers and commercial customers.
Employee Value Prop and Culture: Our employees contribute every day to a culture that is fast-paced, dynamic, energized, agile, and collaborative. From our various employee programs to the unique design of our offices, we strive to foster a connected, fun, positive and rewarding company culture where employees feel appreciated for their contributions, proud of their company, and passionately invested in HCCA's success.
Our work environments are designed with specific themes in mind to achieve a consistent global identity that reflects our values: simplicity, collaboration, elements of nature and symmetry.
This position is responsible for managing HCCA’s residual value (RV) risk by measuring/monitoring losses and exposures for the lease portfolio, conducting root cause analysis, and driving change where necessary. They will act as a subject-matter expert by taking the lead on presenting current RV performance and providing insights on future expectations to internal and external stakeholders. In addition to this, they will work cross-functionally with various teams to prepare HCCA for future risks associated with a decline in used vehicle values. Some of the other key tasks this role will cover include preparing RV loss projections/simulations, managing the RV loss provision, maintaining the RV risk policies/procedures, monitoring market trends, supporting Sales initiatives, and exploring ways to improve the forecasting of used vehicle prices.
Conduct monthly reporting and analysis of residual value trends and key performance indicators. 
- Complete assessment of portfolio residual risk through mark-to-market data analysis, develop process and analytics to monitor forecasted residuals to actual performances (back-testing), prepare edition-over-edition comparisons of guidebook residual values, and determine implications on business strategy.
- Lead the forecasting and strategic planning process for all RV Risk related metrics, including the yearly operating plan, mid-month financial estimate, and mid-year financial estimate.
- Investigate, collect, and analyze auto industry and economic information affecting residual values, including but not limited to, economic trends forecasts, new and used car markets, emerging technology, and competitor vehicles and sales.
- Liaise with the Sales Planning, Finance, and Operations departments at HCCA to ensure proper coordination on key topics related to RV Risk.
- Act as the main point of contact on all RV topics for both the Global and Regional Risk Teams
Complete assessment of RV risk at origination through Loss-on-Disposal (LOD) analysis. Develop adequate LOD assumptions on new vehicle launches where no historical data exists. Review and analyze implications of residual risk on product and pricing proposals.
- Monitor monthly movements in the RV risk provision and evaluate reserve adequacy on a regular cadence. Work with the Finance and Global/Regional Risk Teams to ensure provision assumptions are valid, and secure approval from the Risk Control Committee (RCC) on all RV related items affecting the company’s P&L statement.
- Liaise with external auditors to ensure provision models are properly governed and adhere to the relevant accounting standards.
Collaborate with the Sales Planning team to assist in continuing to refine the Lease product. Support initiatives to help capture market share and increase retention, including the periodic launch of new vehicle models.
- Manage the Residual Value Setting Policy and identify potential enhancements to the current policy where needed. Support EV and Mobility topics from an RV Risk perspective.
5+ years of experience in risk management or related functions within the financial services industry
· 5+ years related auto finance/captive finance/bank industry experience
· Residual Risk Management experience is highly preferred
· Bachelor’s degree in Business Administration, Mathematics, Economics, Operations Research, Statistics, Computer Science or related quantitative experience
· Solid oral and written communication skills with the ability to negotiate and explain complex topics concisely
· Ability to understand Risk business metrics/KPIs/objectives and their relationship to the importance of individual projects
· Awareness of the principles of effective project management, risk mitigation, risk management and governance
· Excel, Word, PowerPoint, SAS, SQL, Microsoft Access, and relational database concepts
Hyundai Capital Canada Inc. is committed to acknowledge applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the selection process.
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