Asset risk expert (m/f)

Job description

Arval, specialist in full service vehicle leasing, offers its customers tailored solutions that optimize their employee's mobility and outsource the risks associated with fleet management. Expert advice and service quality, which are the foundations of Arval's customer promise, are delivered in 29 countries by over 6,500 employees. Arval's total leased fleet adds up to nearly 1,103,835 vehicles throughout the world (December 2017). Within BNP Paribas, Arval belongs to the Retail Banking core activity.

Context

In region Northern Europe ( 9 countries ) , Arval is the leader in the car long term leasing market with a fleet of nearly 110,000 vehicles.
Within Arval Northern Risk Function, the missions of the Asset Risk Expert are multiple and transversal. He or she is responsible for:
1. Monitoring the Risk profile evolution and informing CRO ( Chief Risk Officer)
2. Anticipating emerging Risks by following early warning indicators
3. Evaluating, mitigating and controlling Asset Risk (i.e. Market Risk and Valuation Risk)
4. Ensuring the effective execution of 2nd level Risk controls
5. Providing expert information to local Comex members

Main activities

Risk Profile

· Provide a dynamic analysis of the Risk profile of the NE portfolio
· Ensure the consistency of the Experts setting with the Risk profile of the country (e.g. gap EMV/ Expert RV)
· Perform portfolio analysis at local level (including Risk concentration analysis, volatility analysis, stress-tests…)

Anticipation & Reporting

· Anticipate emerging Risks by following early warning indicators
· Produce risk reportings, market & credit risk studies in order to monitor and to anticipate emerging risks

Market Risk and Valuation Risk

· Implement and maintain Asset Risk processes, policies and governance according to the Arval Risk Corporate guidelines
· Validate the Asset Valuation infrastructure (score implementation, major controls, RV/SMR/tires computation tools and process…)
· Verify monthly Market risk data (including Market Coefficient and 6RVEX) for ensuring the fleet valuation at fair market value
· Participate to the Expert Committees and perform required analysis to allow the Risk (CRO) to ensure fair valuation by challenging, as a second pair of eyes, Expert values: Residual Value (RV), Service Maintenance and Repair (SMR), and Tires during the Expert committees
· Perform studies to contribute to the independent review of the Expected Market Value (EMV) level conducted by Arval Risk Corporate
· Contributing to the budget process by challenging the Asset assumptions for the central scenario and by defining those for the adverse scenario

2nd level Controls

· Perform 2nd level controls according to the Risk policies in relation to Asset, Market and Valuation risks

Other transversal missions

· Develop locally Risk management project capabilities (including IT strategy and data infrastructure)
· Enhance the Arval Risk management process by offering new or adapted procedures, guidelines, tools and reporting
· Contribute to the Asset Risk community

Desired profile

Qualifications :

Job interest

Added value of the position

This position offers an opportunity to work in an international context while being close to operational issues. You will expand your analytical skills and improve your economic analysis capabilities. You will improve your communication skills through regular contacts with the Arval Entities and the corporate departments. In reaching this position, you will also have the opportunity to address financial and controlling issues and to develop your international and multicultural skills.

Possible evolution

This experience may be a stepping stone to become an Asset Risk leader within an Arval Entity or to reach a position in the finance, the remarketing or the controlling departments or in a risk function within a Retail Banking Operational Entity of BNP PARIBAS group.

Work environment
Location: Belgium-Zaventem
Travel: Frequent country visits

Skills

·  Bachelor's or Master's degree in business administration / economy / finance or equivalent
·  3 to 5 years in risk management or equivalent with a strong analytical experience or
·  Very strong operational experience in leasing industry or in statistical function
·  Strong analytical skills and an excellent knowledge of MS Office products (Excel, VBA) and preferably SAS
·  A strong interest and familiarity with risk management best practices
·  Ability to challenge the proposed methodologies and to provide alternative solutions
·  Statistical background or understanding of the main principles
·  English Level : Fluent
·  French or Dutch Level : Advanced
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Change Management: Initiates, facilitates, manages, and implements organizational change and business transformation

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Team work: Knows how to work in a team and/or across teams, regardless of the type of collaboration (face-to-face, in a group, remote, real-time, etc.), acts bearing common interests and respect for fellow team members in mind

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Communication: Expresses his/her messages, both orally and in writing, in an effective, organized way, which is appropriate to the audience being addressed

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Building effective relationship: Seeks and maintains contacts and good relations, inside and/or outside the company, face-to-face, and remotely, which can be useful both in the short and long term

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Analytical skills: Identifies all aspects of a subject and examines them in a critical way to construct a broad point of view. Is driven by the desire to know more about things, people or events

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Rigor & Accuracy : Is constantly attentive to the precision and thoroughness of the information sent and to the quality of the work; ensures that errors are minimized