What are the responsibilities and job description for the Portfolio Risk Manager - (2600001Y) - Irvine, CA position at VetJobs?
Job Description
ATTENTION MILITARY AFFILIATED JOB SEEKERS - Our organization works with partner companies to source qualified talent for their open roles. The following position is available to Veterans, Transitioning Military, National Guard and Reserve Members, Military Spouses, Wounded Warriors, and their Caregivers. If you have the required skill set, education requirements, and experience, please click the submit button and follow the next steps. Unless specifically stated otherwise, this role is "On-Site" at the location detailed in the job post.
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 2 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 the following benefits:
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
464172BR
Minimum Education Required
Bachelors
Job_Category
Management
Qualifications
Additional Qualifications/Responsibilities
What You Will Bring
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.
Minimum Salary: $100,000.00
Maximum Salary: $155,000.00
Certificates/Security Clearances/Other
City*
Irvine
State*
California
Job Code
Manufacturing Manufacturing
Affiliate Sponsor
Hyundai
Salary Range
>$100,000
ATTENTION MILITARY AFFILIATED JOB SEEKERS - Our organization works with partner companies to source qualified talent for their open roles. The following position is available to Veterans, Transitioning Military, National Guard and Reserve Members, Military Spouses, Wounded Warriors, and their Caregivers. If you have the required skill set, education requirements, and experience, please click the submit button and follow the next steps. Unless specifically stated otherwise, this role is "On-Site" at the location detailed in the job post.
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 2 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 the following benefits:
- Medical, Dental and Vision plans that include no-cost and low-cost plan options
- Immediate 401(k) matching and vesting
- Vehicle purchase and lease discounts plus monthly vehicle allowances
- Paid Volunteer Time Off with company donation to a charity of your choice
- Tuition reimbursement
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
- 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.
- Develop profiles of credit segments, differentiate delinquency and loss performance, and communicate to Originations and Collections teams for necessary action.
- 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.
- 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.
- 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.
464172BR
Minimum Education Required
Bachelors
Job_Category
Management
Qualifications
Additional Qualifications/Responsibilities
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.
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.
Minimum Salary: $100,000.00
Maximum Salary: $155,000.00
Certificates/Security Clearances/Other
City*
Irvine
State*
California
Job Code
Manufacturing Manufacturing
Affiliate Sponsor
Hyundai
Salary Range
>$100,000
Salary : $100,000 - $155,000