Risk Analyst - Residual Value Risk - Portfolio Management & Control

Risk Analyst - Residual Value Risk - Portfolio Management & Control
Madrid
Madrid, Community of Madrid, ES

Santander Nordics has outlined leasing and Residual Value Risk as a strategic area that will be strengthened going forward. As the team responsible for managing and controlling Residual Value Risk, we are looking for a Risk Analyst to enhance our capabilities in the Portfolio Management & Control (PM&C) area with a primary focus on Residual Value Risk on a Nordic level.

As Residual Value Risk Analyst you will be responsible for managing and controlling the Residual Value Risk of the portfolios in the four different markets, providing insights and information to relevant stakeholders and governing bodies, both in the Nordics as well as towards our Headquarters in Madrid. You will perform data analysis based on both quantitative and qualitative data and prepare material that is used to inform top management for enabling decision making. You will work with the extraction, consolidation and reporting of data mainly related to collateral and Residual Value Risk.

In this role, you will get familiar with our data, from the most granular level to high-level aggregations in management reports. You will be identifying, investigating, and further elaborating on the drivers behind the data in cooperation with other analysts in the team. You will also pack the insights in high-quality reports to be presented to our internal customers to recommend actions ensuring we maintain the risk levels in line with Santander’s risk appetite.

You will also have a leading role from a data point of view to support the development of a new data warehouse, the visualization and automation of relevant reports and the development of certain tools related to RV risk. You will also contribute to develop, implement, and optimize relevant frameworks, policy and procedures across our four markets, ensuring the governance is in place and followed. You will also take part to the annual review of policies and procedures that relate to Auto Retail Risk.

You will progressively become the point of contact for other functions and stakeholders when it comes to matters related to the portfolio under your control and its segments, in relation to its characteristics, performance and development. You will also in general be involved in strategic projects carried on within and outside the team.

As result, you will have the opportunity to growth in areas that are strategic for the bank, gain relevant exposure and strengthen your ability to handle broad tasks under defined schedules.

Areas of responsibility

• Summarize and communicate external trends, portfolio performance and changes in risk quality raising concerns and recommendations to the appropriate level of management
• Assess impact of both internal and external environments upon portfolios and strategies
• Perform data analysis to deliver on recurring and ad-hoc tasks
• Participating in cross-functional initiatives and projects
• Establishing routines for reconciliations and setting up controls for detecting data quality issues
• Budget and measure performance against limits and expectations
• Design, implement and scale up processes to control and manage the portfolio assigned to you
• Drive knowledge sharing and mutual support within the team
• Close cooperation with counterparts within and outside Risk department both in the Nordics and also towards our HQ in Madrid

Qualifications and experience

• Master’s degree in Economics, Finance, Mathematics, Engineering or equivalent experience
• Previous Experience from the Finance/Banking industry or from within the leasing industry. Previous experience from working with Residual Values and/or collateral risk is highly valued
• Proven analytical expertise, including data manipulation/ETL
• Proven proficiency in Excel and SQL
• Familiarity with SAS or Python and PowerBI
• Strong data visualization and presentation skills
• Fluent in written and spoken English (Norwegian or other Nordic language is a plus)

Personal qualities

• You have strong interpersonal and communication skills
• You balance your being thorough and detail-oriented with an ability to make decisions and keeping up progress
• You are team-oriented, supportive and enjoy working with others while having the ability to also work autonomously
• You are analytical as you quickly grasp complex issues, identify the core of a problem and evaluate information thoroughly
• You have a service mindset towards your internal customers and an improvement attitude with the ability to lead change, work cross functionally at all levels, and challenge the status quo
• You are available to travel occasionally to other Nordic locations

Auto Retail Risk Team

The Team you will be part of is responsible for managing the credit, Residual Value and the collateral risks of Santander’s biggest portfolios across the Nordics. Our customers range from the top management of the bank to Commercial and Operation areas as well as other Risk teams, just to mention a few. The team members are located across the Nordic region, and we work in close cooperation with our HQ in Madrid in a great international setting. We all work together to maintain an environment where high performance is paired with great opportunities for personal and professional development.

You can be located in any of our 5 Nordic locations (Oslo, Stavanger, Stockholm, Copenhagen or Helsinki).

Applications will be assessed on an ongoing basis as we look forward to onboarding you as soon as possible. For more information about this position, reach out to Anton Eklund, Head of Auto Retail Risk.