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Quantitative Risk Specialist

Background

Job Description

This is a new opportunity in the Risk Department brought about by the expansion of VWFS Retail and Leasing products in the Market. The role is of fundamental importance to the business in how it manages its risk appetite, strategy and positioning. The Risk Department is responsible for managing the key risks of VWFS in Ireland, including Credit and Residual Value risk. This role will be responsible for managing and developing the key Credit risk parameters and deputise for the quantitative aspects of Residual Value Risk management.

Key Responsibilities

Carry out statistical validation of credit scorecards and collateral values using back testing for Management Board approval and suggest actions to Management based on findings including forecasting any P&L and Balance Sheet impact of these changes.
Change, model and build scorecards for automated credit decision based on statistical models.
Monitoring of risk parameters – PD & LGD.
Carry out the IFRS9 Risk provision forecasting process in addition to the annual planning round and budgeting process.
Report all monthly credit risk related figures and KPI’s using internal IFRS9 Accounting and risk provisioning tool (Finevare).
Responsible for all monthly risk related reporting requirements and Management Information reporting, in addition to any ad hoc queries.
Ensure all risk management figures are aligned with the Accounting, Controlling and Headquarters as required.
Perform continual statistical analysis and stress testing of the credit portfolios of VWFSI to ensure early detection portfolio risks.
Design and develop MI reports for use by Senior Management to assist in the formulation of credit risk strategies.
Supporting the implementation of new products to ensure the risk processes and strategies are adhered to.
Deputise for the Residual Value Specialist regarding analysis, forecasting and reporting of Residual Value Risk using in-house forecasting and reporting tools.
Ensure all relevant processes are documented in full in accordance with HQ guidelines.

Key Role Requirements

Minimum of 5 years’ experience in a similar role
Third level qualification in a quantitative related discipline (Mathematics, Statistics etc.)
Experience with development and validation of credit scorecards is advantageous
Familiarity in extracting, maintaining, transforming, and cleaning data for modelling purposes using statistical tools
Experience of technical report production, data analysis, business analysis and statistical techniques
Knowledge of IFRS 9 from a provisioning perspective would be advantageous
Proven report writing ability coupled with strong presentation skills
Strong communication skills with the ability to communicate complex data in in a simple and concise manor.
Ability to cope under pressure and meet strict deadlines
Well organised, analytical & systematic working style
Team player with excellent communication skills
Strong PC Skills including Excel, Word, PowerPoint etc
Must speak fluent English

Terms & Conditions

This is a full time permanent position. A competitive remuneration package commensurate with experience and qualification level will be offered to the successful candidate.

How to Apply

Please apply by filling in an application form on our website www.vwfs.ie/careers or emailing your CV and a Cover Letter to careersdublin@vwfs.com Closing date for receipt of applications is COB 31st December 2019.

Leasing Business Development Analyst

Background

Volkswagen Financial Services AG is the largest automobile financial services provider in Europe. Our central task is to promote sales for the Volkswagen Group and its brands (Volkswagen, Volkswagen CV, Audi, Skoda & SEAT). The products and services of Volkswagen Financial Services Ireland Limited range from the financing of new and used vehicles of all the Group's brands to dealer financing.As part of Volkswagen Financial Services Ireland Limited’s continued growth, an Operational Lease product has been in the market 2 years. Leasing & Fleet Management is a key growth pillar in our Volkswagen Financial Services strategy.

A vacancy has arisen for an Internal Leasing Business Development Analyst within the Operations Department of Volkswagen Financial Services Ireland. Reporting to the Head of Operations, the role sits alongside the Leasing Operations team to lead the enhancement of our processes to ensure we can scale volume and provide a market leading product. The successful candidate will be responsible for end to end leasing processes including standard operating procedures and system enhancement. This is a leasing product owner role whereby the successful candidate will own the oversight of all end to end processes (40%) and will be responsible for the business development of our leasing system (60%)

Key Responsibilities

Developing all Leasing policies and procedures to maturity to achieve optimum product performance to ensure a market-leading product is in place.
Leasing contract lifecycle policy expert
Developing reporting for monitoring and performance to ensure that Leasing Operations activities are carried out within agreed service levels
Maintenance and ownership of process maps and standard operating procedures
Lead key IT project deliveries and IT change deployments as required
Develop Leasing IT system to ensure fit for purpose, robust on system processes are in place, including business requirement development and user acceptance testing
Drive and develop future product and business developments within the organisation

Key Role Requirements

Degree in Business or Finance related discipline preferred
Minimum 5-10 years demonstrable experience developing a Leasing business function in a similar environment
Proven knowledge in Fleet Management desirable
Proven Project and IT change management experience
Proven detailed experience in an automotive Leasing environment essential
Excellent demonstrable process orientation
Ability to identify innovative, lean efficient process to drive best practice
Experience in product development in a Leasing environment
Effective communication skills and attention to detail
Strong leadership and collaborative ethos, ability to develop a business and progress change
Capable of managing own workflow under pressure in a high volume environment
Strong interpersonal and relationship management skills
Deadline driven with an ability to work on own initiative
Innovative with proven problem solving abilities
Professional presence, capable of representing the business to third parties

Terms & Conditions

This is a full time permanent position. A competitive remuneration package commensurate with experience and qualification level will be offered to the successful candidate.

How to Apply

Please apply by emailing a CV and a short cover letter to careersdublin@vwfs.com Closing date for receipt of applications is 31st December 2019.

Technical Application Owner

Background

Volkswagen Financial Services is seeking an experienced Technical Application Owner to drive the development of key technology capabilities in our financial contract management and associated systems.

Responsibilities

Understand, discuss and guide the business on the requirements and the evolution of the application landscape
Evaluate user stories based on requirements for iterative development
Do continuous backlog management for the product
Deliver system configurations to meet user story requirements
Own all local technical aspects of the applicationo Solution design (including interfaces)
- Configuration
- Solution delivery
- Release planning & management
- Access & Identity concepts
- Application integrity & compliance
Be the go to person for the technology team for requirement clarifications
Work closely with project managers as a member of project teams as appropriate and ensure accurate estimation of effort and delivery of tasks as required.
Participate in defining the product roadmap with business
Actively collaborate with system solution vendors to ensure quality and efficient solution delivery
Actively collaborate with 2nd and 3rd level support organisations to ensure timely resolution of application related incidents

Key Role Requirements

8 years of equivalent configuration experience in similar systems, eg. ERP, finance lease
Knowledge of leasing and/or accounting business processes would be a distinct advantage
Experience performing detailed data analysis, including ability to create, run, and modify SQL queries to pull data from source databases for data analysis and mapping activities
Strong capabilities in defining, creating, and managing high quality user stories
Demonstrated problem solving skills and ability to develop solutions to complex analytical/data-driven problems
Experience and understanding of business process modelling, business systems development, and analysis
BS or MS in Business Management, Computer Science, STEM or comparable field of study Individual Requirements
Minimum 8 years’ experience in a similar role.
Excellent communication & interpersonal skills, deliver communications that convey a clear understanding of the unique needs of different audiences
Creative in your approach to design challenges
Detail-oriented and ability to show initiative, good judgment, and resourcefulness
Experience working with SOAP, REST, Micro services, XML and JSON message formats an advantage
Be prepared to constructively challenge the status quo.
Be articulate and confident.
Committed, enthusiastic and forward thinking
Focused multi tasker with proven ability to manage multiple objectives.
Focused on meeting agreed deadlines and milestones

Terms & Conditions

This is a full time permanent position. A competitive remuneration package commensurate with experience and qualification level will be offered to the successful candidate.

How to Apply

Closing date for all applicants is 31st December 2019.

Who are we looking for?

Volkswagen Financial Services Ireland is a diverse and complex business, so analytical skills and the ability to build lasting relationships with colleagues and customers is a key requirement. A focus on delivering results is important and quality is fundamental to the Volkswagen Financial Services Ireland culture both in service and products.

Volkswagen Financial Services Ireland are looking for candidates with execptional organisational skills, the ability to self-manage and the drive to exceed customer expectations.

Why join us?

Volkswagen Financial Services Ireland is growing from strength to strength. The group brands represent 30% of the Irish market share and this is continuing to grow. There are currently 100 employees and this too is expected to grow as the business expands.

What are the benefits?

Competitive remuneration

- Annual leave - we offer 24 days annual leave with increments every 3 years of service to 27 days

- Potential to earn an annual bonus based partly on individual's personal contribution and partly on the company's overall results.

- Private medical insurance (VHI or Irish Life Health)

- Access to products - employee discounts on the group brands or Employee Car Ownership (ECO) Scheme and Car Insurance Scheme.

- Pension Scheme (Irish Life)

- Income Protection

- Life Assurance Cover

Last but definitely not least, the Volkswagen Financial Services Ireland Christmas party is always the most anticipated event of the year!

Learning and Development

Volkswagen Financial Services Ireland is fully committed to ensuring employees have the relevant knowledge, skills and expertise to perform daily duties to a standard and to acheive their full career potential.