Director- , Consumer Credit and Residual Risk - Hyundai Capital America - Orange County, California

Job description
General Summary

The main areas of responsibility of this function include managing credit and residual risks by utilizing advanced analytics and reporting. This position will provide thought leadership for each of these functional areas, demonstrate strong technical and leadership skills, display a strong business acumen and an ability to influence senior-level peers.
This individual is responsible of developing and maintaining the Consumer Credit Risk review policy and implementation of the Consumer Credit Risk program. Maintain a risk-based review and analysis schedule for all markets (geographic) ensuring that an ongoing evaluation of the markets and/or products lines is completed and that emerging risks are identified in a timely fashion. Measure/monitor losses and exposures, conduct root cause analysis and drive change where necessary. Support and lead staff as needed in assigned projects.
This individual will be responsible for developing and managing trade-offs between credit and residual loss through optimization, and showing a strong grasp of forecasting processes and macro-economic trends, and working very closely with senior peers in Operations, Technology, Global Risk Management, Marketing, Decision Management, Legal and Finance. This individual will also devise test and control strategies to evaluate for implementation of new products.

Duties and Responsibilities
Direct, Design and Implement Risk Analytics

-Ensure the accuracy of key credit and residual risk assumptions that are inputs into the pricing / underwriting models, develop, tracking and analysis that enables periodic updates to be made in a systemic process meeting the needs of the business.

-In coordination with portfolio risk and decision science group, analyze and forecast HCA’s current and potential risks related to the loan portfolio, including trend, credit quality, concentration and delinquency analyses.

-Investigate, collect, and analyze auto industry and economic information and data impacting residual values, including but not limited to, information regarding economic trends forecasts, new and used car markets, emerging technology, and competitor vehicles and sales.

-Evaluate performance of application systems and recommend changes to increase operational and risk effectiveness and control. Ensure data integrity from front-end credit decision, marketing program and other origination processes.

-Provide decision support to the Risk Management team in the areas of querying, analyzing, interpreting, and communicating qualitative and quantitative data associated with credit and residual risk.

-Direct effort for forecasting used vehicle values for new lease and used lease originations, and used values matching the composition of retail loan portfolio.

-Manage maintenance of reports on analysis of portfolio sub-populations, scorecard performances, including population shifts for retail and lease scorecards and characteristic population shifts.

-Manage maintenance of reports on analysis of portfolio sub-populations, scorecard performances, including population shifts for retail and lease scorecards and characteristic population shifts.

-Develop and manage future portfolio composition strategies and portfolio behavior under diverse economical conditions.

-In coordination with portfolio risk and decision science group, quantify joint impact of credit risk and residual risk on HCA portfolio under stress.

-Provide analytical support on special projects or assignments as required.
-Ensure that the credit process, policies and activities fall within the parameters of the firm's risk appetite, underwriting policies and standards and appropriate legislation.

Lead Underwriting Strategy within HCA
-Define underwriting strategy vision to achieve credit loss and growth targets

-Manage partnerships with operations to deliver risk based underwriting strategies

-Collaborate with HCA management to define underwriting best practices and drive change through decision support technology and techniques

-Collaborate with sales to define underwriting best practices and drive change through decision support technology and techniques. Support underwriting staffing forecast and monitor underwriting effectiveness based on portfolio segmentation, loss and sales forecasts.

-Direct organization to manage the entire life-cycle of origination strategies: design, development, implementation, tracking, adjustments and redevelopment.

-Maintain consumer/auto lending industry knowledge to ensure competitive strategy practices and technology capabilities.

-Responsible for representing Risk Management in the operational use of the organizations decisioning systems (primarily credit and residual). This includes ensuring that will contain state-of-the-art credit policy functionality for all portfolio and marketing processes. This responsibility also requires making sure that robust decisioning, scoring and analytic capabilities are present in any decision system used by HCA.

Direct Internal and External Communication

-Build and leverage long-term relationships through an established network across the organization.

-Represent Risk Management in the operational use of HCA’s decisioning systems (primarily credit and residual). This includes ensuring that it will contain state-of-the-art credit policy functionality for all portfolio and marketing processes. This responsibility also requires making sure that robust decisioning, scoring and analytic capabilities are present in any decision system used by HCA.

-Communicate with business leaders the insights gained through the data analysis, including implications for business strategy. Prepare presentations and technical analysis for diverse audience (Senior management to Junior analysts).

-Interface with cross functional teams within HCA (Risk, Underwriting, Marketing, Technology, Sales etc.) for opportunities for collaboration. Build effective relationship with senior management as well as line mangers and work in a consultative and collaborative fashion.

-Prepare written reports and present results of quantitative analysis to management. Design and produce periodic and ad-hoc reporting and respond to HQ and field requests for specific and detailed reporting on the state of the business, products, and region level metrics and trends.

-Maintain awareness of automotive used and new car markets, economic conditions, and other qualitative or quantitative indicators that could affect residual values.

Project Management
-Manage testing and installing scorecards, champion/challenger strategies, perform simulations of impact on new strategies.

-Oversee the framework around pilot and national rollouts of programs developed as a result of programmed models and strategies.

-Maintain project schedules, task details, and coordinate efforts and deliverables with associates in department projects. Develop and maintain relevant support documentation.


Team Development
-Lead and develop employees to:
Understand team impact on department; strategy.

Enhance leadership skills.

Design and execute projects.

Sets and communicates expectations.

Observe and provide consistent, feedback.

Promote effective teamwork and an inclusive environment for all employees.

Develop training curriculum and provide training for team members.

Identify teams’ weaknesses and develop and recruit accordingly.

Evaluate and select future managers.


Desired Skills and Experience
Knowledge and Skills
-Ability to understand problems and recognize connections to prioritize and develop solutions that align with organization goals.

-Ability to work on multiple projects and attention to details and timeline.

-Demonstrate strong presentation skills and ability to explain complex data analysis.

-Good understanding of statistics.

-Sound foundation in optimization, portfolio construction, econometrics and related forecasting techniques.

-Strong knowledge of financial theory, stochastic calculus, statistics, and knowledge of risk measures such as Value-at-Risk (VaR), Term Structure modeling and Monte Carlo Methods.

-Team management experience is required

Education and Experience
-Master’s degree in Business Administration, Statistics, Economics, or related quantitative background required.
-Strong PC skills; SAS, SQL, Microsoft Access, Excel, Word, Power Point, Brio, and Relational Database concept.
-Prior Credit scorecard and statistical model development experience required.
-Ten or more years of relevant experience in Risk Management area within Consumer Financial Services; Automotive Finance industry background preferred.
-Five or more years of management experience in leading team members.

Hyundai is an Equal Opportunity Employer M/F/D/V.

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