Responsible for safeguarding the company’s assets and liabilities from adverse market movements, primarily related to residual value risk (RV risk ), but also other market risks and liquidity risk through proactively managing risks and setting risk parameters in accordance with both, economic projections and the risk strategy / appetite of BMW Leasing. He/she assures that residual value risks are identified, analyzed, steered, and communicated appropriately within BMW Leasing, and with BMW China sales companies, as well as with central functions. In case of local regulatory risk requirements, he/she assists in assuring that BMW Leasing is compliant with these regulations at all times.

Main Responsibilities:

• Responsible for enhancement and implementation of the local RV risk management guideline and ensure adherence to the BMW Group guidelines.
• Responsible for the development and enhancement of RV risk management models, following Group methodologies, using all the available databases, ensuring that all relevant internal and external factors are considered, and localizing models/processes to fit market conditions. Regularly review RV models independently, manage methodological changes and derive management actions.
• Steer the local residual value setting process and BRV circle, i.e. Base RV and AMP setting, interacting with all related functions within BMW China, including Sales and Marketing, Product, Controlling, used car/remarketing functions in HIL/AFC/NSC/BBA, as well as SF central risk management and risk controlling functions. Set Base RV and AMP regularly and obtain Risk Committee approval and implement in RRCM RV Module.
• Support the development and implementation of RV risk bearing products, conduct necessary analysis required for the New Product Process, and ensure proper RV risk control and mitigation in new product/process.
• Manage the standard RV risk costs and expected return ratio, according to central RV Risk Guideline, for new business booking and planning and the expected losses. Responsible for RV risk provisioning methodology and policy in alignment with Controlling.
• Initiate measures and lead projects to further develop the local RV risk management (e.g. new products/processes, active asset management concept, and cooperations with vendors for external prognosis and data) and to comply with the regulatory changes..
• Ensure data quality of RV risk data submissions. Provide HQ with required data for RV Statistics, RVar, and further on Leasing Standard.
• Responsible for the timely preparation of monthly, quarterly and annual RV and market risk reports and analysis for internal and external distribution. Responsible for reporting automation and digitalization with data-driven strategy.
• Support credit risk data analysis, scorecard development as well validation, and other additional tasks assigned by the line Manager.

Qualifications:

• Master degree in economics, mathematics, statistics or equivalent knowledge.
• At least five years of working experience, ideally related functions of banking/leasing/financial services and/or captive/OEM business.
• Professional experience in risk management area, specifically in RV risk management is preferred.
• Mathematical aptitude and proven analytical skills, experience in working with large amounts of data including the build and use of financial models.
• Strong communication and inter-personal skills, be able to actively communicate and achieve alignment with multiple stakeholders.
• Ability to understand and use Large Language Models: Python, R, SAS, UML, etc.
• In-depth knowledge of automobile products (esp. BMW and MINI brands), and the automobile market (both new car and used car).
• Fluent in Mandarin and English (written & oral).
• Quick learner, able to adapt to changes and comfortable with uncertainty and ambiguity.