Senior Risk Analyst
BMW Group Financial Services Canada
Toronto, CA
2d ago

The Senior Risk Analyst is responsible for analyzing, evaluating, and managing residual value risk on a predictable and profitable basis.

The Senior Risk Analyst is 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.

This individual is also responsible for the preparation and presentation of these findings on a monthly basis to senior management.

Specific responsibilities include but are not limited to :

  • 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 value setting processes
  • Working closely with the BMW Sales company to ensure alignment and understanding between Residual Value Risk team and key internal stakeholders
  • Monthly completion of expected residual value loss model and resulting provisions
  • Lead resource for centrally and locally-defined projects impacting residual value risk
  • Supporting the maintenance of the residual value 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
  • Maintaining and updating the statistical models and methodologies, and continuously learn about market drivers and potential new variables that will enhance model predictive power
  • Responsible for analyzing 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
  • Other duties and projects as assigned
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