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28 days ago
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Residual Risk Manager


The Solution Automotive
Salary: £45000 - £63000 per annum
Location: West Midlands
Job type: Permanent
Contact: Karen Jones
Category: Finance and Accountants Jobs, Motor Finance Jobs
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We are pleased to be presenting this career opportunity on behalf of our respected client.

Job Title:

Residual Risk Manager

Client:

A trusted lender within the Motor Finance Sector

Location:

West Midlands

Salary:

£45,000 to £63,000 basic salary plus incentives and benefits

The role:

Responsible for the robust management of the SForecast Residual Value (FRV) process, policy implementation and governance structure.

Analysis, placement and adjustment of all RV positions and GFV adjustments to competitively position Motor FRV based products in order to achieve targeted revenue and profitability growth objectives.

Analysis of market and portfolio trends to predict and manage future risks and leverage future opportunities in order to build a sustainable FRV receivable portfolio in line with forecast.

Key responsibilties:

Develop strong partnerships with approved FRV Data suppliers and manage agreed data exchange protocols into systems to provision regular FRV and GFV data inputs across all car brands and vehicle model lines.

Manage periodic FRV variance analysis between primary FRV source and back up FRV data source.

Lead the preparation and presentation of all FRV material to the RV Committee and Bank Risk Committee to include FRV variance analysis, current portfolio and model line risks, recommended new and existing RV / GFV placements and model line outlier adjustments.

Work in conjunction with Finance team to prepare data modelling and recommendations for RV impairment policy and process.

Lead periodic benchmarking reviews using internal and external resources to test integrity and quality of the external FRV external setting models.

Identify future capability opportunities to ensure new technologies and industry best practices are being considered to enhance robustness and future proofing of the RV policies and process.

Where relevant, identify the investment / business cases implications impacting the business.

Educational background:

Degree level education - Finance / Business / Economics

Professional experience:

10 years Financial Services experience, preferably in the automotive sector with dedicated Residual Risk management experience as a minimum requirement.

Who are you applying to?

The Solution Automotive Recruitment have been placing candidates into the UK Motor Trade since 1999. We have a fantastic relationship with all our clients and candidates across the country, many very long standing relationships. If you are skilled and experienced Automotive candidate, we want to hear from you and rest assured, you'll be dealing with a person, not just a consultant! Unfortunately due to the volume of applications we get, we can only respond to the candidates who match the criteria set for this vacancy. We will retain your CV on our database and make contact as and when suitable vacancies arise. We will NEVER send your CV anywhere without your permission.

Key positons; Sales Executive, Sales Manager, Business Manager, Service Advisor, Parts Advisor, Technician, Mechanic, Master Technician, Workshop Controller, Service Manager, After Sales Manager, Dealer Principal, General Manager.

We are pleased to be presenting this career opportunity on behalf of our respected client.

Job Title:

Residual Risk Manager

Client:

A trusted lender within the Motor Finance Sector

Location:

West Midlands

Salary:

£45,000 to £63,000 basic salary plus incentives and benefits

The role:

Responsible for the robust management of the SForecast Residual Value (FRV) process, policy implementation and governance structure.

Analysis, placement and adjustment of all RV positions and GFV adjustments to competitively position Motor FRV based products in order to achieve targeted revenue and profitability growth objectives.

Analysis of market and portfolio trends to predict and manage future risks and leverage future opportunities in order to build a sustainable FRV receivable portfolio in line with forecast.

Key responsibilties:

Develop strong partnerships with approved FRV Data suppliers and manage agreed data exchange protocols into systems to provision regular FRV and GFV data inputs across all car brands and vehicle model lines.

Manage periodic FRV variance analysis between primary FRV source and back up FRV data source.

Lead the preparation and presentation of all FRV material to the RV Committee and Bank Risk Committee to include FRV variance analysis, current portfolio and model line risks, recommended new and existing RV / GFV placements and model line outlier adjustments.

Work in conjunction with Finance team to prepare data modelling and recommendations for RV impairment policy and process.

Lead periodic benchmarking reviews using internal and external resources to test integrity and quality of the external FRV external setting models.

Identify future capability opportunities to ensure new technologies and industry best practices are being considered to enhance robustness and future proofing of the RV policies and process.

Where relevant, identify the investment / business cases implications impacting the business.

Educational background:

Degree level education - Finance / Business / Economics

Professional experience:

10 years Financial Services experience, preferably in the automotive sector with dedicated Residual Risk management experience as a minimum requirement.

Who are you applying to?

The Solution Automotive Recruitment have been placing candidates into the UK Motor Trade since 1999. We have a fantastic relationship with all our clients and candidates across the country, many very long standing relationships. If you are skilled and experienced Automotive candidate, we want to hear from you and rest assured, you'll be dealing with a person, not just a consultant! Unfortunately due to the volume of applications we get, we can only respond to the candidates who match the criteria set for this vacancy. We will retain your CV on our database and make contact as and when suitable vacancies arise. We will NEVER send your CV anywhere without your permission.

Key positons; Sales Executive, Sales Manager, Business Manager, Service Advisor, Parts Advisor, Technician, Mechanic, Master Technician, Workshop Controller, Service Manager, After Sales Manager, Dealer Principal, General Manager.

Apply

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