Sr. Residual Value Risk Associate

• 2-3 years of experience in Risk Management or related functions within Financial Services

• 2-3 years of experience related to auto finance/captive finance/bank industry

• Residual Risk Management experience is highly preferred

Education & Certification:

• Bachelor's degree in Business Administration, Mathematics, Economics, Operations Research, Statistics, Computer Science or related quantitative experience

• Experience in SAS or SQL or knowledge of RDBMS

Knowledge, Skills, & Abilities:

• Strong analytical, critical thinking, problem solving, and decision-making skills with a good eye for detail

• Solid oral and written communication skills with the ability to negotiate and explain complex topics concisely

• Effective organization and prioritization skills to manage multiple priorities effectively

• 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

• Strong PC skills\: 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.

This posting is for an active, existing vacancy. Hyundai Capital Canada is currently hiring for this role and applications are being reviewed as part of a live recruitment process.

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 Finance, and Genesis Finance. Through a network of over 450 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.

Global One Company\: Many countries. One identity. Hyundai Capital has offices worldwide, including South Korea, the United States, China, the United Kingdom, Germany, and Brazil. Our work environments are designed with specific themes to achieve a consistent global identity that reflects our values\: simplicity, collaboration, elements of nature, and symmetry.

Position Details: Under the direction of Manager, Residual Value Risk, this position is responsible for analyzing 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 report on current RV performance and provide 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.

Duties & Responsibilities:

Residual Value Risk & Analytics

• Analyze and report on residual value (RV) trends, KPIs, and portfolio risk using mark-to-market and scenario analysis.

• Support RV forecasting, loss simulations, and mitigation strategies in partnership with Sales Planning, Finance, Remarketing, and OEMs.

• Monitor market, economic, and industry trends impacting residual values and leasing strategy.

RV Provision & Pricing Models

• Assess RV risk at origination through Loss-on-Disposal (LOD) analysis and maintain pricing and provision assumptions.

• Monitor RV provisions and reserve adequacy; refresh assumptions as market conditions change.

• Enhance and leverage used vehicle pricing models to support residual value and risk assessments.

Lease Product Support

• Partner with Sales Planning to refine lease products, support new model launches, and improve competitiveness and retention.

• Evaluate guidebook forecasts and residual value trends to inform lease program strategy.

Reporting & Special Projects

• Prepare dashboards, senior management reporting, and ad-hoc analysis.

• Provide analytical support for cross-functional and regulatory initiatives as needed.