Senior Residual Value Risk Analyst

It takes a dedicated team of specialists to accurately analyse and model the potential risks and opportunities in a business like ours. People with the passion and expertise to truly understand and explain how complex data will shape tomorrow’s business landscape for us. So if you’d like to take on a highly visible, varied and challenging role that’s key to our business success, join us in driving the future of financial services.

Do you love numbers and have an interest in the new and used car market? Then this is the role for you!

Our Risk team is looking for a Senior Residual Value Risk Analyst.

What awaits you?

• Responsible for the BMW and MINI Guaranteed Future Values for both Australia and New Zealand for recommendation and approval by the National Risk Committee. 
• Management of Residual Value reserves to ensure adequate provision coverage of the portfolio and minimisation of expected losses.
• Regular review and monitoring of Residual Value risk ratios (Standard risk cost, Reserves and Value at Risk) to ensure ratios are up to date and accurately reflect the existing risk portfolio.
• Actively monitor the competitive price position of BMW and MINI Guaranteed Future Values to provide steering recommendations for retail support. 
• Drive the provisioning process through monitoring the used car market and BMW/MINI auctions while providing insights into trends and developments.
• Investigate the competitive market landscape to identify opportunities related to Residual Value product offerings to steer new business growth. 
• Prepare regular reporting suite to senior management and the risk committee highlighting key focus areas of all risk management topics.

What you will bring?

• A tertiary qualification in Business, Commerce, Finance, Data Science or equivalent required.
• Strong knowledge of the financial services industry with experience in forecasting and reporting.
• Demonstrated statistical and analytical skills with proficiency in reporting tools such as SAS, Tableau, and the MS Office Suite.
• Well-developed capabilities in interpreting, analysing and presenting detailed information both orally and in a written format. 
• Proven understanding of the car industry is advantageous.
• Excellent attention to detail, a strong work ethic and ability to take initiative proactively.

What you can look forward to?

We believe in hiring the best talent in the market and fostering an environment where our people can learn, experience and grow. What you can expect is:

• An attractive remuneration package including a company vehicle
• Flexible Work policy and practices
• Health & Wellbeing initiatives
• Lifelong learning & career development
• BMW & MINI promotions and product offers
• Annual spend on BMW & MINI merchandise
• Free onsite parking
• Onsite café
• Subsidised onsite gym, dry cleaning and car wash facilities
• A dynamic, inclusive and sustainable working environment

BMW Group is an equal opportunities employer and takes great pride in fostering and promoting diversity in every aspect of our work life and culture.  We highly regard the skills, knowledge, experience, ideas, perspective and energy our diverse workforce brings into the company.

Employment at BMW Group Australia is conditional upon pre-employment checks undertaken by the candidate on request and clearances received.  This includes qualifications and employment checks, relevant background checks and may include police check(s) and credit check(s).

By submitting an application for a role at BMW Group Australia the candidate confirms:

• They have valid rights to work in Australia
• They agree to undertake integrity checks upon request should their candidacy progress to an offer of employment.  

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