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Risk Analyst

  • Type: Full Time
  • Location: Reigate, Surrey
  • Posted: 26 days ago

Background

Hyundai Capital UK Ltd (HCUK) is a joint venture company established by Santander Consumer UK (SCUK) and Hyundai Capital Services Korea (HCS) in 2012. It operates under the Hyundai Finance, Kia Finance and Genesis Finance brands, providing funding solutions for both Retailers and Consumers.

Job Purpose

Reporting to the Retail & RV Risk Manager, the key purpose of the role is to analyse, model, monitor, report on and develop the organisation’s residual value, provisioning, retail credit risk data and activities, with a particular focus on residual value risk management.

Key Accountabilities

1. General strategic

Analyse, model, monitor, report on and develop HCUK’s retail credit risk data and profiles with a particular focus on the residual value (RV) portfolio and appropriate provisioning:

·         Assess and continuously monitor all related RV and credit risk aspects of the operation,

·         Control and develop the related credit policies, procedures, controls and reporting,

·         Support the preparation of plans, budgets and related key performance indicators (KPIs) and measures,

·         Support the operation in line with the agreed plans, budgets and KPIs,

·         Validate all resources and data obtained from outsourced operations and ensure KPIs are delivered, and charges are verified in accordance with the agreements in place,

·         Deliver specified projects as a part of the strategic and operational plans, specifically in respect of RV and provision modelling,

·         Adhere to all risk policies and actively engage with our conduct risk and customer focused culture,

·         Proactively identify opportunities for business and product development,

·         Actively contribute to the performance of the Risk Team,

·         Develop close and effective working relationships with our OEM partners, SCUK relevant departments, internal and external auditors and other related 3rd party suppliers and organisations.

2. Planning and budgetary control

Contribute to the development of an annual business plan and budgets in line with HCUK’s overall objectives, including timings and high-level deliverables based on the strategic goals established for the role with line management and support the delivery of the plan in line with the prescribed timings.

3. Technical knowledge

Maintain up-to-date awareness of all relevant SAS risk, credit, compliance and regulatory requirements, and market performance and best practice. Work with the business and related partners to continually refine HCUK policies and processes. Act as a risk subject matter expert within the organisation.

4. Stakeholder engagement

Establish a sound working relationship with all areas of the business, including external key stakeholders, in particular SCUK and related group companies, HCS, Kia UK and Hyundai Motor UK.

5. Communication and Reporting

Establish and maintain effective communications with all related regulatory and compliance bodies, SCUK and HCS head office departments, our OEM partners and other key stakeholders.

Working under the guidance of line management, develop and produce and maintain a high-quality MI reporting suite/dashboard.

6. Outsourced Oversight

Maintain effective oversight and monitoring of any outsourced or other HCUK department related activities, to ensure performance against KPIs and service level agreements are delivered, and contractual obligations and charges are verified and audited.

7. Insight and continuous improvement

Establish an on-going review process in order to continually improve and refine the departments QA measures and performance and to ensure continued adherence to legislation, regulation and internal policy.

8. Risk and Compliance

In line with the company’s risk and compliance statement of responsibility and objectives, identify risks, incidents and breaches, in accordance with company policies and department procedures.

9. Other

Deputise for other team members and represent the Risk Department as required. Carry out any other tasks from time to time as may reasonably be requested.

Key Competencies

- Planning

Must be capable of developing coherent role related operational plans as well as detailed project level plans.

- Communication

Must possess good written and verbal communication skills and be able to effectively communicate with and present to both internal and external stakeholders across all business levels.

- Teamwork

Must be an excellent team player, able to establish strong working relationships with stakeholders, colleagues and business partners.

- Time Management

Must display sound independent time management skills by delivering activity within prescribed timeframes through the effective prioritisation of actions across multiple operations, projects and on-going programmes.

Required Experience

Given the scope of this position it is essential that the job holder has the following experience:

  • Sound and relevant risk analysis experience within financial services, preferably automotive/asset related, together with the required soft skills,
  • Ideally will be well versed in the broader areas of financial services operations including:
    • Products and services
    • Automotive market – RV data management
    • Related data and reporting,
  • Has accreditation and a strong understanding of relevant SAS software and related modelling, together with data mining, MI/reporting and the related technical knowledge,
  • Has a general sound knowledge of policies and procedures within financial services regulated and compliant environments,
  • Strong all round PC software skills and is able to produce high quality, accurate working documentation and presentations, including business case proposals and requirements, briefs and presentations,
  • Preferably has an understanding of the retail consumer credit environment and the use of customer data. Is familiar with the principles encapsulated within ‘treating customers fairly’ and operational/conduct risk,
  • Ideally will have experience of the automotive sales market and related valuations.

In addition to the above it is expected that any candidate is able to display a good understanding of the broader risk analyst role and our market sector, can exhibit sound business acumen, has excellent interpersonal skills and is comfortable and confident when dealing with Senior/Board-level management.

Education

  • Has the appropriate level of education and SAS certification.
  • Preferably qualified or part-qualified or studying towards a recognised credit risk management qualification.

Other Information

  • Due to COVID-19, HCUK employees are currently hybrid working [mixture of home/ office]. The usual place of work for this position is at HCUK’s head office in Reigate, Surrey.
  • Post COVID-19, some international as well as domestic travel may be necessary from time to time.

Remuneration Package

  • Base salary circa £38,000
  • Eligibility for quarterly bonus, based on company and individual performance
  • Competitive company pension scheme
  • 27 days holiday, exclusive of bank/ public holidays
 

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