Portfolio Risk and Governance Manager, North America

Location:

Greensboro, NC, US, 27409

Position Type: Professional

Transport is at the core of modern society. Imagine using your expertise to shape sustainable transport solutions for the future? If you seek to make a difference on a global scale, working with next-gen technologies and the sharpest collaborative teams, then we could be a perfect match.

What you will do

The following position within the Volvo Financial Services (VFS) Credit, Risk & Operations team reports to the Vice President, Credit, Risk & Operations and will be in Greensboro, NC, USA.

Portfolio Risk and Governance Manager, North America

Volvo Financial Services is the captive finance arm of the Volvo Group. The Volvo Group is one of the world's leading manufacturers of trucks, buses and construction equipment, drive systems for marine and industrial applications, and is the world's leading producer of heavy-diesel engines. Volvo Financial Services provides a full range of financial services and solutions for the construction equipment, truck and bus industries.

The Portfolio Risk and Governance Manager, NA will spearhead portfolio management and risk mitigation activities and provide support to the VFS Region North America markets to drive both commercial success and strong portfolio performance. Responsibilities would include performing analysis and modeling concerning all portfolio credit and operational risks and lead in planning around business cycle management. This role will also review, analyze, and manage the various retail and wholesale credit decision flows and PIC requests for all Market and Region level Credit submissions, while also having ownership of all Market and Regional Portfolio review processes, reporting, oversight, and governance with an eye toward identification of significant trend changes, risk exposures, and variances. In addition, this role will be charged with providing on-going feedback and training, coaching, and various risk reviews to all Market Credit and Risk functions and initiate regular departmental reviews of credit decisioning and operational processing to further enhance holistic business acumen and process improvements as identified. Finally, this role will be charged with maintenance of and frequent updates to Credit Authorities across the Region along with proper policy, procedure and controls oversight and regularly report on these and other portfolio developments to the Global Credit & Risk function.

Core Responsibilities

• Support development, alignment and monitoring of all Region NA portfolio and risk management strategy and tactics.

• Manage and administer the North America Credit Committee (NACC); provide insight and recommendations to NACC level transaction requests.

• Act as primary point of contact for Executive Credit Committee (ECC) transactions with Global Credit & Risk team; administer all NA Region originated ECC transaction flows.

• Responsible for supporting the preparation and update of all Region Credit, Risk and Operational Risk policies and directives.

• Collaborate with the markets in maintaining their risk/portfolio management policies and procedures in adherence with the region and global directives.

• Analyze, prepare, and summarize monthly closing portfolio review reports for Global Credit & Risk closing call including administering and leading monthly portfolio review meetings with the markets.

• Perform statistical validation of portfolio and credit scorecard performance while monitoring Probability of Default and Loss Given Default results on an ongoing basis; identify areas for optimization and improvement.

• Support credit and risk data management as well as help develop credit and risk visualization tools, dashboards and reporting and monitoring.

• Provide feedback and coaching on improving portfolio management and risk assessment throughout the Region Markets.

• Responsible for forecasting and monitoring risk trending, portfolio development and management and planning around business cycle fluctuations.

• Support and work with Region Markets to maintain and adhere to proper portfolio management and risk directives and ensure local compliance of region and global directives.

• Support markets with portfolio performance metric development and best practice sharing

• Support the identification and governance of regulatory requirements as they relate to Credit & Risk Management

• Assist and ensure adherence with all market and region level business cycle fluctuation preparedness plans, business continuity plans and enterprise risk assessments.

• Provide back up and guidance as needed to regional account resolution and risk teams for large ticket workouts.

• Assist in the training/mentoring of Credit, Risk and Operations professionals throughout the Region, including participation and facilitation of the Credit and Collections Academy.

• Support and continually enable Credit, Risk and Operations process improvements, system development and other optimization projects as needed.

• Act as Key VFS Region liaison and relationship owner with 3rd party external service providers and vendors and manage all responsibilities related to vendor management, governance, contract renewal negotiations and SLA adherence as outlined and reviewed with frequency in annual vendor business reviews.

• Perform other project leadership and support activities as necessary.

• Limited travel but at times expected to visit markets, commercial partners, vendors, customers along with training, conferences and industry events as warranted.

Your Future Team

In VFS, we demonstrate a clear vision to continue Transforming Together, a global mindset and a proven track record of successfully developing people, teams, culture, and leadership.

In many of our markets, VFS has won the Great Place To Work award, where Great Work is done. By interacting with each other as an on-site business, we build relationships, which allow us to work together more efficiently and form stronger bonds with our colleagues and customers. This position is located in Greensboro, NC, USA.

Who are you?

Do you dream big? We do too, and we are excited to grow together. In this role, you will bring:

• BA/BS in business or related field, MBA preferred.

• 10+ years’ experience in Credit/Risk/Portfolio Management.

• Experience using data visualization, risk and statistical analysis and modeling tools.

• Proven record of accomplishment managing a risk/credit and collection team.

• Significant experience in large transaction underwriting in both retail and dealer credit functions.

• Other related Commercial, Operational and Global experience a plus.

Required Competencies and Skills:

• Thorough knowledge of loan and lease documentation and it’s interrelationship with risk and portfolio management

• Advanced knowledge of Commercial Equipment and Transportation financing and leasing

• Advanced knowledge of Equipment Finance industry best practices to quantify risk and aggregate exposures.

• Proven excellent statistical, analysis and data manipulation skills.

• Strong understanding and advanced knowledge of commercial credit, collection & large customer work out procedures.

• Proven ability to work cross functionally with ability to build productive business relationships and achieve consensus.

• Exceptional presentation skills and technical skills and experience with MS Office, Outlook, Word, PowerPoint, Power BI.

• Ability to interact with all levels of employees practicing excellent interpersonal and skills and integrity.

• Ability to organize and prioritize work effectively on multiple tasks in a demanding environment.

• Excellent written and verbal communication skills supported by effective interpersonal skills and a high level of integrity.

• Ability to work under pressure while producing accurate output.

• A high level of integrity, energy, and a positive customer and quality focus with ability to work within and in support of a team environment.

• Fluency in reading, writing, and speaking English; with other language skills a plus.

The above statements are intended to describe the general level of work being performed by persons assigned to the classification. They are not intended to be construed as an exhaustive list of responsibilities, duties and skills required of the job.

What’s in it for you?

We are pleased to offer a solid package of compensation and benefits. You will enjoy:

• Competitive base pay

• Comprehensive medical, dental and vision insurance

• Generous PTO

• Tax deferred retirement plans, varied by business; 401(K) with company match

• Global organization with expansive career growth opportunities

• Volvo Group University for professional and personal development

• Workplace health/wellness and reimbursement programs

• On-campus fitness center and café

• Avid approach to Sustainability

• Culture with a passion for Diversity, Equity, and Inclusion for all

• We also offer an array of additional benefits and programs that make today’s challenging reality of combining work and personal life easier. We will gladly share this information and more at any time during the interviewing process or as part of your offer letter.

Ready for the next move?

If you want to make a real impact in your career, Volvo Financial Services is where you want to be. We look forward to meeting you.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

We value your data privacy and therefore do not accept applications via mail.

Who we are and what we believe in

Our focus on Inclusion, Diversity, and Equity allows each of us the opportunity to bring our full authentic self to work and thrive by providing a safe and supportive environment, free of harassment and discrimination. We are committed to removing the barriers to entry, which is why we ask that even if you feel you may not meet every qualification on the job description, please apply and let us decide.

Applying to this job offers you the opportunity to join Volvo Group. Every day, across the globe, our trucks, buses, engines, construction equipment, financial services, and solutions make modern life possible. We are almost 100,000 people empowered to shape the future landscape of efficient, safe and sustainable transport solutions. Fulfilling our mission creates countless career opportunities for talents with sharp minds and passion across the group’s leading brands and entities.

At Volvo Financial Services , we are working together to shape the world we want to live in. As the captive finance arm of the Volvo Group, VFS provides financial services and solutions that meet the needs of our customers’ evolving business. Through our dedication to innovation, we support society in its adoption of sustainable transport and equipment solutions. VFS is headquartered in Greensboro, North Carolina, USA and serves Volvo Group customers and dealers in more than 50 markets.

Job Category: Commercial Financial Services

Organization: Volvo Financial Services

Travel Required: Occasional Travel

Requisition ID: 9608

View All Jobs (https://jobs.volvogroup.com/?locale=en_US)

Do we share the same aspirations?

Every day, Volvo Group products and services ensure that people have food on the table, children arrive safely at school and roads and buildings can be constructed. Looking ahead, we are committed to driving the transition to sustainable and safe transport, mobility and infrastructure solutions toward a net-zero society.

Joining Volvo Group, you will work with some of the world’s most iconic brands and be part of a global and leading industrial company that is harnessing automated driving, electromobility and connectivity.

Our people are passionate about what they do, they aim for high performance and thrive on teamwork and learning. Everyday life at Volvo is defined by a climate of support, care and mutual respect.

If you aspire to grow and make an impact, join us on our journey to create a better and more resilient society for the coming generations.

Nearest Major Market: Greensboro