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Job Title: Asset Management Manager
Location: Solihull; a flexible hybrid working model which supports you as well as enabling you to work collaboratively with your colleagues
Hours: Full time, Permanent
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A bit about us:
At BNP Paribas Personal Finance, we are proud to be part of a global banking group. Our mission is simple: to provide straightforward consumer finance solutions that empower customers to make responsible financial decisions. We partner with some of the UK’s most well-known retailers and brands to help their customers finance purchases in a responsible way.
The Role:
Reporting to the Head of Asset management the Asset Management Manager will support the monitoring and development of the Asset Management area. This role will contribute to all aspects of our asset management including significant group synergy with Arval.
This individual will assist the Head of Asset Management to optimise profitability for the BNP Paribas Personal Finance portfolio by providing information, analysis and technical support for the development and implementation of asset management strategies, which improve portfolio performance and improve customer experience. Supporting the Motor Commercial team and having a strong dotted line into the Risk teams.
This individual will help manage the residual valuations for the business both on current values and future expected values for residual based products such as personal contract purpose. The Asset Management Manager will help manage portfolio distributions and prepare the monthly Asset management committees (MAMCO).
Core purpose to contribute providing the business with strategic direction on vehicle valuation data in line with the market and competitors.
Key Responsibilities:
- Under the authority of the Head of Asset management contribute to implementing a clear strategy for asset management data collation and deployment against the used car portfolio and for the OEM business division. Reporting on actual asset management performance (auction sales) versus predicted outcomes.
- Analyse market trends, survey reports and sales reports and advise on new and used vehicle market trends and produce Monthly Market report
- Monitor Residual Value Forecasting models for all vehicles financed by BNP Paribas Personal Finance
- Monitoring of negative equity assets and forecasting of potential loss
- Monitor asset management strategies which maximise revenue whilst minimising asset risk and detrimental customer behaviours
- Working closely with Risk, Finance, and Legal, Operations, Consumer Finance, IT and other colleagues across PF UK to help ensure solutions presented are workable and thought through
Skills & Attributes:
- Experience of an OEM relationship
- Good understanding of the UK motor industry and vehicle lifecycles.
- Good understanding of the Credit risk lifecycle
- Strong analytical background to be able to set relevant analysis to answer questions
- Experience working on different financial products
- Self-motivated and committed to delivery
What’s in it for you?
Joining BNP Paribas Personal Finance means becoming part of a Top Employer UK dedicated to making a difference to the lives of our customers. Along with a fulfilling career, you'll be able to enjoy a benefits package which you can tailor to your lifestyle and needs, with key highlights including;
- Competitive salary and a contributory pension scheme
- Access to our Health Cash Plan Scheme
- A multi-award-winning flexible benefits platform offering life insurance, private medical insurance, or lifestyle benefits that include discounts on dining, cinema, and days out
- The opportunity to buy and sell holidays, giving you even more control over your work-life balance
Could this be you?
Making a positive impact is at the heart of everything we do – whether for our colleagues, customers, partners, or the community. We live by our values: We’re positive, we’re brave, and we own it. We believe a positive attitude and a passion for making things happen matter most. Don’t let confidence hold you back – there’s no such thing as a ‘perfect’ candidate. If you meet 75% of the requirements for this role, we want to hear from you! Whether you're considering a career change or exploring a sector jump, we welcome applicants with transferable skills.
Apply now to express your interest and discover how you can make a meaningful contribution to our dynamic team.
To learn more about careers at BNP Paribas Personal Finance UK, visit our website: https://www.bnpparibas-pf.co.uk/careers.
Equal Opportunities Disclaimer
BNP Paribas Personal Finance promotes equality of opportunity and is committed to ensure that no individual is discriminated against on the grounds of age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation.
