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Residual Risk Toronto, Ontario 30.12.2021

Senior Analyst, Risk

SHARE YOUR PASSION FOR ACCELERATED RESULTS.

Join us in Risk Management at BMW Group Financial Services where working with us will quickly make you understand the passion and quality that goes into each of our business activities and processes to ensure sustained success of the organization. This role will offer you the opportunity to bring key valuable insights to the table and advise the team on how we can continue providing value to our customers as well as to our business. With a supportive management team and colleagues around you, you will gain access to a strong platform to broaden your skills set essential for Financial Services as well as opportunities to gain the necessary and relevant experience required for attaining professional qualifications. 

The Senior Risk Analyst is responsible for analyzing, evaluating, and managing residual value risk on a predictable and profitable basis that is compliant with IFRS. In this role, you will be responsible for developing, maintaining and enhancing effective, accurate and timely reporting as it relates to residual value setting, residual value performance and forecasting processes. Such processes require both regular and self-initiated ad-hoc analysis and monitoring, in order to understand and explain a variety of observations. You will also be responsible for the preparation and presentation of these findings on a monthly basis to a large audience including senior members of both Financial Services and National Sales Company.

Responsibilities include:

  • Monthly completion of expected residual value loss models, including preparation of balance sheet positions and P&L impacts in accordance with the applicable International Financial Reporting Standards; IFRS 16 Leases, IAS 16 Property, Plant and Equipment, IAS 36 Impairment of Assets, and IFRS 9 Financial Instruments. 
  • Forecast expected balance sheet provision developments and P&L movements for the 21 month rolling-forecast and budget submissions to Munich. Analyse and explain variances compared actual results.
  • Setting residual values for BMW Group vehicles, which maximize BMW Group sales while mitigating residual value risk through analysis of historical performance, identifying trends, explaining variances from expectations and providing recommendations for improvement to residual setting processes.
  • Work closely with the National Sales Company and ensure alignment and understanding between Residual Value Risk team and key members within the Financial Services and National Sales Company communities. 
  • Monthly completion of expected residual value loss model and resulting provisions. 
  • Lead resource for centrally and locally-defined projects impacting residual value risk.
  • Support the maintenance of the residual risk reports by running data integrity checks. Analyze detected issues and develop proposals to improve overall data quality in the group’s databases.
  • Statistical modeling and thorough analysis of relevant market data which is the basis for the residual value setting process and the forecasting of used car values.
  • Maintain and update the statistical models and methodologies, and continuously learn about market drivers and potential new variables that will enhance model predictive power.
  • Analyze the product substance changes during the introduction or change of BMW Group products.
  • Liaise with the Risk team in Munich on relevant topics.
  • Ensure compliance with all corporate risk guidelines; review and revise as necessary.
     
Qualification:

Qualifications:

  • Bachelor's Degree in Accounting or Finance, or equivalent experience is required. 
  • CPA designation is an asset. 
  • 3-5 years of Financial Analysis / Risk Management experience with focus in Automotive is preferred. 
  • Excellent communication, interpersonal and presentation skills; strong ability to clearly and concisely present and defend one’s position.
  • Strong mathematical aptitude with highly developed analytical and problem solving skills.
  • Expert Microsoft Office skills (Excel, Access, PowerPoint, Word) required.
  • Demonstrated strong data mining skills and ability to understand how various parts of the business work together in order to validate data and results.
  • Exceptional ability to analyze large volumes of data and accurately summarize relevant analytics.
  • Experience with SQL and Tableau is an asset.
  • Self-starter, highly motivated and results driven. Enthusiasm for continuous improvement, learning, and development of new skills. 
  • Detail oriented with a high degree of accuracy.
  • Very strong organizational sense and effective time and priority management.

Benefits of working at BMW Group Canada include: 

  • An award winning culture.
  • Cutting edge of innovation and creativity.
  • Incredible BMW, Mini and Mottorad employee vehicle/motorcycle programs.
  • Flexible working models.
  • Highly competitive compensation.
  • Performance incentives programs.
  • First-rate health and wellness benefits.
  • World-class office space.
  • Enjoy fresh meals in our amazing fully staffed and subsidized onsite cafeteria.
  • Energize at our fully loaded coffee/tea bar.
     

BMW Group Canada is committed to attracting and retaining a diverse team of associates and creating an inclusive environment. BMW Group Canada does not discriminate against applicants based on race, national or ethnic origin, colour, religion, sex, sexual orientation, gender identity, or disability or any other status or condition protected by applicable federal, provincial or territorial law.


BMW has an accommodation process in place that provides accommodations for employees with disabilities. Accommodations for disabilities in relation to the job selection process are available upon request. If you require a specific accommodation because of a disability or a medical need, or you would like to learn more about our Accessibility policies, provide feedback or request documentation, please contact Accessibility@bmw.ca.

Senior Analyst, Risk

20211230
Automotive
Toronto, Ontario
Canada
Legal Entity:
BMW Group Financial Services Canada
BMW Group
Location:
Toronto, Ontario
Job Field:
Residual Risk
Job ID:
210001KE
Publication Date:
30.12.2021
Full-time
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