Risk Asset Manager POST NUMBER: 440595

Vaco is hiring for a Risk Asset Manager opportunity.

The Asset Risk Manager will be responsible for the development, operation, and maintenance of approaches, tools and processes used for projecting and managing all valuation models which include but are not limited to residual value (RV), maintenance, repair, and tire (MRT) estimates, and fair market valuations (FMV). The Asset Risk Manager will also support the organization’s Enterprise Risk Management process, driving strategic risk initiatives, facilitating risk group meetings and activity, and facilitating internal governance.

KEY RESPONSIBILITIES - ESSENTIAL FUNCTIONS

• Responsible for setting residual values, based on historical data, internal models, and external market factors; ensuring that estimating future values as accurately as possible by reacting to macro and micro changes in the economic and automotive industry climate
• Oversee, manage and develop all aspects of asset risk portfolio analytics and pricing, and be a role model and subject matter expert on qualitative and quantitative asset risk subjects
• Maintain a strong understanding of all technical aspects of quantitative analytics and be able to translate these into actionable insights
• Provide strategic direction to Finance, Operations and Commercial teams on risk matters
• Collaborate with departments across company in development of new products, overseeing potential exposures and working together to mitigate risks
• Drive empirical and data-driven asset risk practices and analytics, as well as analytics across all risk domains
• Manage and develop Quantitative Data Analyst, setting clear goals, providing constructive feedback and ensuring high quality deliverables
• Manage monthly governance (committees) deliverables in addition to facilitating review of all other documentation (assessments) to ensure that relevant committees are aware of, and properly impact all current risk-related developments
• Support operating lease team delivery of client related depreciation requests, non-standard lifecycle cost requests, quotes, equity position analysis, and/or ad-hoc financial and risk modeling in a timely and accurate manner
• Provide leadership, coaching and mentoring to the Asset Risk team, driving a higher level of team productivity
• Review available external and internal industry and economic data to proactively identify any trends that could impact companies asset risk position
• Create and maintain existing Asset Risk Management related policies, procedures, and work instructions to comply with applicable internal and external requirements

LEADERSHIP RESPONSIBILITIES and STRATEGY

• This role manages 1 employee
• This position’s leadership responsibilities involve demonstrating ethics and integrity, developing adaptability, displaying drive and purpose and exhibiting leadership stature internally and externally, while leading a small team.

COMPETENCIES - SKILLS

• Understanding of statistical, economic, financial, and leasing concepts
• Interest in the automotive industry and economic theory
• Strong analytical and communication skills, especially translating complex concepts into clear communication and workable solutions
• Key driver and decision-maker in RV setting, sale and leaseback transactions, lease conversion (financial to operating), recalculations, and market value estimations
• Solid understanding of data analytics and modeling, and will support the Asset Risk, as well as other Risk Management domains, with analytics and quantitative insights

EDUCATION AND EXPERIENCE

• Bachelor’s degree in finance, economics, or statistics required; master’s degree is preferred
• Seven (7 ) years in quantitative roles in the fleet, automotive, financial services or banking fields
• Minimum 2 years managing teams
• Proficiency in MS products, Excel and SAS or other analytical platforms
• Proficiency in SQL and Python

Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to the individual’s skill sets, experience and training, licensure and certifications, office location and other geographic considerations, as well as other business and organizational needs. With that said, as required by local law in geographies that require salary range disclosure, Vaco notes the salary range for the role as follows: 143,000/yr. The individual may also be eligible for discretionary bonuses, and can participate in medical, dental, and vision benefits as well as the company’s 401(k) retirement plan.