At U.S. Bank, managing residual risk in consumer vehicle leases by leveraging existing and emerging technologies to enhance data modeling and analytics for accurate risk assessment.
Requirements
- Proficient with MS Office 365, particularly Excel, SQL and/or similar database languages
- Identify and recommend adjustments to residual assumptions based on observed market shifts
- Expert understanding of the business line's operations, products/services, systems, and associated risks/controls
- Expert understanding of applicable laws, regulations, financial services, and regulatory trends that impact their assigned line of business
- Basic knowledge of Business Risk competencies
- Strong process facilitation and project management skills
- Strong analytical skills with critical thinking with the ability to summarize and report on findings
Responsibilities
- developing and maintaining analyses that compare current vehicle performance to projected residual values
- using industry data to ensure lease residuals are appropriately set
- identifying areas where adjustments are needed to reflect market trends to minimize future losses
- preparing bi-monthly presentations for senior management to review and approve residual values
- processing resulting residuals for implementation into IT systems, along with weekly updates
- collaborating with assigned Line of Business, other Risk/Compliance/Audit (RCA) professionals, and RCA Managers to create, implement, maintain, review, or oversee an effective risk management framework
- identifying gaps and informing solutions to minimize losses resulting from inadequate internal processes, systems, or human errors
Other
- Bachelor's degree, or equivalent work experience
- Seven to 10 years of applicable experience
- Applicable professional certifications
- Strong presentation, relationship building and negotiation skills
- Effective oral and written communication skills
