About The Role
The Portfolio Risk and Economic Capital analyst role sits in the Asset Risk Function, which has the responsibility for forecasting Motability Operation’s key financial risks, including Residual Value and SMR, Insurance Lease Pricing, Economic Capital, as well as producing the customer pricing. The role is responsible for delivering MO's Minimum Capital Requirement and Capital Buffers levels, and the measurement and socialisation of actionable insight related to the risk of the UK's largest fleet portfolio.
Reporting into the Economic Capital and Portfolio Risk Manager, the role will have the following key responsibilities:
* You will be responsible for the operational delivery of the Economic Capital activity across all data, assumptions, and modelling updates & forecasts, 3rd parties, ensuring the delivery timetable adheres to agreed governance with all stakeholders aligned.
* You will maintain in-depth knowledge of Motability Operation’s business model to steer the internal application of the Economic Capital activity across all relevant major and emerging risks; residual value, insurance, treasury, credit, operational and climate risk.
* You will have a detailed knowledge of relevant external benchmarks, economic capital models, theory and regulatory capital to proactively challenge and develop our capital model positioning.
* You will translate the model outputs to business outcomes, formulating a comprehensive understanding of the implications of key decisions to inform senior management.
* You will challenge, propose and implement enhancements and developments to improve our approach to data, modelling, risk capture, communication and awareness, and ensure our tools and systems support our business focused outcomes.
* You will proactively coordinate 3rd parties, bridging the gap between the business knowledge and outcomes and the updating of the models and outputs.
* You will be responsible for the operational delivery of the Portfolio Risk activity, ensuring outputs are communicated with a clear and action orientated outcome focus.
* You will coordinate all relevant stakeholders in the development and delivery of all messages and outcomes, identify gaps and proactively present new ways of challenging our view of portfolio risk identification and risk mitigation.
* You will coach and train colleagues on the theory and application of the economic capital and portfolio risk activity, developing a two way interaction between the business activity and view of and mitigation of asset risk.
* You will proactively support the delivery of the Asset Risk BAU and strategic projects, where required, for example using portfolio risk and economic capital activity and insight as we tackle the transition of the organisation and Scheme to EVs.
* You will develop collaborative and enduring relationships across Asset Risk and wider business and be an advocate for Asset Risk.
* You will proactively engage with relevant 3rd parties (industry bodies, commentators and experts) to advocate for MO interests and ensure Asset Risk activities are appropriately aligned with external best practice.
About You
* Ability to analyse complex data and identify trends and patterns.
* Expertise in statistics, probability, and mathematics.
* Attention to detail in models and forecasts.
* Ability to understand business and theoretical concepts.
* Ability to develop solutions for complex statistical problems.
* Can explain technical concepts clearly to non-technical stakeholders.
* Can understand the business environment, market trends, and the financial impact of decisions to align models with the organisation's strategic goals.
Minimum criteria:
You’ll need all of these.
* Strong technical skills - proficiency in modelling software and programming languages such as Python, R, or MATLAB.
* Extensive experience of various risk types (market, credit, operational), calculating and describing the risk and how they impact capital.
* Strong regulatory knowledge and or familiarity of financial regulations and compliance requirements.
* Experience of building, implementing, enhancing and operating capital models to measure, describe and manage risk.
About The Company
Motability Operations is a unique organisation, virtually one of a kind. We combine a strong sense of purpose with a real commercial edge to ensure we provide the best possible worry-free mobility solutions to over 815,000 customers and their families across the UK. Customers exchange their higher rate mobility allowance to lease a range of affordable vehicles (cars, wheelchair accessible vehicles, scooters, and powered wheelchairs) with insurance, maintenance and breakdown assistance included. We are the largest car fleet operator in the UK (purchasing around 10% of all the new cars sold in the UK) and work with a network of around 5,000 car dealers and all the major manufacturers. We pride ourselves on delivering outstanding customer service, achieving an independently verified customer satisfaction rating of 9.8 out of 10.
Our values are at the heart of everything we do. They represent ambition, and we look for our people to live and breathe them every day:
* We find solutions.
* We drive change.
* We care.
We operate hybrid working across the organisation where we split our time between working on-site at our offices, and at home, remotely within the UK. We believe hybrid working achieves a good work/life balance for our colleagues, allowing us to connect with each other, collaborate on important work, and perform together to deliver for our customers. It allows us to have the flexibility to work remotely up to 2-days per week whilst also using the great office spaces we have available.
As a Motability Operations team member, the benefits you can expect are:
* Competitive reward package including an annual discretionary bonus.
* 15% non-contributory pension (9% non-contributory pension during probation period).
* 28 days annual leave with option to purchase and sell days.
* Free fresh fruit and snacks in the office.
* 1 day for volunteering.
* Funded Private Medical Insurance cover.
* Electric/Hybrid Car Salary Sacrifice Scheme and Cycle to Work Scheme.
* Life assurance at 4 times your basic salary to give you a peace of mind that your loved ones will receive some financial help.
* Funded health screening for over 50s.
* Voluntary benefits: charitable giving, critical illness insurance, dental insurance, health and cancer screenings for you and your partner, discounted gym memberships and season ticket loans.
* Employee Discount Scheme with an app to save on the go.
* Free access to healthcare apps such as Peppy, Unmind, Aviva Digital GP and volunteering app on Hand for all employees.
* Generous family leave policies.
At Motability Operations, we believe in building a diverse workforce, where our people are empowered to attend work as their true selves, and we encourage people from all backgrounds to apply. We want to sustain a culture that nurtures, where employees are free to flourish and where they’re rewarded equally, regardless of race, nationality or ethnic origin, sexual orientation, age, disability, or gender.
We pride ourselves on being an inclusive employer and as such, all our offices provide first rate disability access. With our hybrid working environment, we do our best to accommodate part-time and flexible working requests where possible, building on our culture of trust, empowerment, and flexibility.
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