Portfolio Risk Manager - United States - California - Irvine

#LI-DNI · Who We Are · Through our service brands Hyundai Motor Finance, Genesis Finance, and Kia Finance, Hyundai Capital America offers a wide range of financial products tailored to meet the needs of Hyundai, Genesis, and Kia customers and dealerships.  We provide vehicle fina ...

Job description

#LI-DNI

Who We Are

Through our service brands Hyundai Motor Finance, Genesis Finance, and Kia Finance, Hyundai Capital America offers a wide range of financial products tailored to meet the needs of Hyundai, Genesis, and Kia customers and dealerships.  We provide vehicle financing, leasing, subscription, and insurance solutions to over 3 million consumers and businesses. Embodying our commitment to grow, innovate, and diversify, we strive to reimagine the customer and dealer experience and launch innovative new products that broaden our market reach. We believe that success comes from within and are proud to support our team members through skill development and career advancement. Hyundai Capital America is an Equal Opportunity Employer committed to creating a diverse and inclusive culture for our workforce. We are a values-driven company dedicated to supporting both internal and external communities through volunteering, philanthropy, and the empowerment of our Employee Resource Groups. Together, we strive to be the leader in financing freedom of movement.

We Take Care of Our People

Along with competitive pay, as an employee of HCA, you are eligible for:

· Medical, dental, and vision plans with no-cost and low-cost options

· Annual employer HSA contribution

· k) matching and immediate vesting

· Vehicle purchase and lease discounts, plus monthly vehicle allowances by job level:

o    Associate / Sr. Associate\: $350

o    Manager / Sr. Manager\: $600

o    Director\: $800

o    Executive Director\: $900

o    VP or Above\: $1,000

· % employer-paid life and disability insurance

· No-cost health and wellbeing programs, including a gym benefit

· Six weeks of paid parental leave

· Paid Volunteer Time Off, plus a company donation to a charity of your choice

What to Expect

The Portfolio Risk Manager is responsible for managing the portfolio analytics, tracking and monitoring of HCA's delinquencies and credit losses, and the calculation of credit loss provisions under US GAAP, CECL, and IFRS 9 standards.. This role will oversee month-end and quarter-end processes for financial reporting. In addition, this role will manage the mid-month and annual loss forecasting establishing meetings with business stakeholders and developing new tools used with the loss model to increase forecast accuracy.

What You Will Do

1.     Own and lead the development, design and analysis of portfolio trends to identify risk exposures and opportunities for portfolio growth. Includes collaborating with business partners to review relevant KPIs, aligning with mid-month credit loss forecasts assumptions and calculations, and make recommendations for portfolio strategy to improve portfolio performance. Track historical roll rates by risk segment, identifying operational drivers, and interpreting the macroeconomic environment to apply qualitative factor adjustments if needed.

2.     Develop profiles of credit segments, differentiate delinquency and loss performance, and communicate to Originations and Collections teams for necessary action.

3.     Lead the effort of calculating HCA's Retail and Lease provisions under US GAAP, IFRS 9, and CECL Accounting rules end-to-end. Research macroeconomic drivers/changes and monitor portfolio performance to assess the appropriate reserve levels. Proactively identify gaps and changes in the calculation and make recommendations to reduce volatility, improve accuracy and efficiency in the reserve's calculation.

4.     Assist in the Operating Plan annual forecasting process for credit loss. Work with business partners for alignment and present to senior management on analysis and results.

5.     Manage the quarterly audit process for Consumer loan and loss reserves (US GAAP, IFRS 9 and CECL) including but not limited to addressing auditor requests and requirements (both external and internal) and maintaining a consistent and sustainable control framework to meet KSOX compliance.

What You Will Bring

· Minimum 5-7 years' progressive experience. in Risk Management area within Consumer Financial Services.

· Automotive finance industry preferred.

· Bachelor's degree in a quantitative field required.

· Master's degree in in Mathematics, Statistics, Economics, or related quantitative background.

· Excellent skills in the area of quantitative analysis, statistical model development, and forecasting.

· Excellent understanding of lending economics, credit risk, data analytics, industry trends, and key drivers of profitability and loss.

· Familiarity with financial services oversight bodies, guidelines, and regulations.

· Strong understanding of banking risk management practices, Basel II and III, financial statements, and accounting principles

· Strong data mining skills using SAS or SQL

· Excellent verbal and written communication, including presentation skills.

· Ability to lead multiple projects with attention to details and timeline.

· Strong Microsoft Office Suite including Microsoft Excel, Word, PowerPoint and Visio

· Ability to work autonomously and in a team environment.

· Excellent interpersonal skills to successfully collaborate with cross functional departments.

· Strong orientation toward results coupled with reputation for integrity, creativity and good judgment

· Must have the ability to challenge, when appropriate, existing practices.

Work Environment

Employees in this class are subject to extended periods of sitting, standing, and walking, vision to monitor and moderate noise levels. Work is performed in an at home and office environment.

The posted salary range for this job takes into account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience and training; licensure and certifications; geographic location, and other business and organizational needs. Successful candidates may be hired anywhere in the salary range based on these factors. It is uncommon to hire candidates at or near the top of the range.

California Privacy Notice

This notice only applies to our applicants who reside in the State of California.

The latest version of our Privacy Policy can be found here. This Privacy Policy provides you with notice, at or before the point of collection, about the categories of personal information to be collected from you, the purposes for which your personal information is collected or used, and whether that information is sold or shared, so that you can exercise meaningful control over our use of your personal information. We are providing this notice to comply with the California Consumer Privacy Act of 2018, as amended as amended by the California Privacy Rights Act of 2020 ("CCPA"). 

If you have any questions about CCPA regarding California residents or HCA team members, please contact the Privacy Team