Title: Portfolio Risk Manager
Location: United States-Illinois-Rosemont
Portfolio Risk Manager
Division: Xerox Global Leasing
Location: Rosemont, IL or Rochester, NY
Position Objectives
Xerox Global Leasing is looking for a Portfolio Risk Manager to lead the development and implementation of robust portfolio monitoring and enterprise risk management practices across the Organization. The position will oversee multiple aspects of the Risk Management process and requires strong expertise throughout the credit life cycle.
Essential Functions
Portfolio Monitoring & Reporting
Lead portfolio monitoring activities for Xerox US.
Maintain a strong system of risk governance and consolidate reporting for rating agencies, US and Global Credit Committees.
Prepare quarterly portfolio quality reviews and present findings and recommendations to the Xerox US Executive Team.
Develop reliable metrics to better analyze the performance of NA operations and ensure consistent decisions regarding product performance, loss reserve, capital adequacy and profitability across the portfolio.
Build robust and automated portfolio monitoring processes using advanced Excel, Access or SAS skills.
Create early warning systems to proactively manage risk by quickly identifying areas of concerns and opportunities.
Benchmark Xerox portfolio performance with the competition by reaching out to organizations like ELFA or external vendors.
Financial Analysis
Address complex financial and risk management problems and translate results into executable business solutions aimed at maximizing profitability and reducing risk.
Lead credit loss forecasting activities for Xerox US using advanced financial and statistical modeling techniques that will incorporate the economic cycle as well as past and present portfolio performance trends.
Develop portfolio vintage loss curve analysis, compare to benchmarks and recommend loss mitigation strategies when appropriate.
Participate in loss reserving, risk-based pricing and capital adequacy initiatives to optimize the risk/return equation.
Use simulation or optimization techniques to stress test the performance of the portfolio under various conditions.
Advise Corporate Finance on ways to accurately capture portfolio performance for regulatory reporting requirements.
Risk Operations
Address complex financial and risk management problems and translate results into executable business solutions aimed at maximizing profitability and reducing risk.
Work with the Collection and Workout organizations to develop advanced risk-based collection practices using internal early warning systems as well external predictive metrics from various data vendors.
Partner with US Leasing and Marketing to develop customer credit insights, pre-approval programs and proactively inform Sales of the creditworthiness of customers in an effort to drive revenue growth and prevent losses.
Work with Corporate Security and Legal on ways to identify, monitor and prevent irregular business practices.
Help the underwriting teams assess and monitor operational metrics, manual workflow and the need for account or requests reassignments.
Data Management
Develop a good understanding of the Company’s data systems and partner with IT to build sound data warehousing capabilities.
Work with IT and external data vendors to create automated portfolio reporting tools available real time without the need for extensive manual programming or lengthy data extraction process.
Help creating an enterprise data warehouse that will centralize data coming from the full credit life cycle and multiple portfolios.
Applicant Qualifications
o 5 years experience in a corporate finance or portfolio monitoring role; preferably in commercial finance.
o Sound understanding of enterprise risk management and its applications throughout the credit life cycle.
o BA/BS Degree in a quantitative discipline, e.g. Economics, Mathematics, Statistics or Finance.
o Formal corporate finance/ business training preferred. MBA a plus.
o Strong quantitative skills applied in financial or statistical modeling.
o Experience working with legacy data systems, extracting and cleaning data for portfolio analysis.
o Proven understanding of accounting concepts, financial reporting, reserving, credit loss forecasting.
o Self starter with strong project management skills and the ability to lead high-visibility projects from beginning to end.
o Excellent verbal/ written communication skills at all levels of the organization, and especially in an executive setting.
o Advanced PC skills (Excel, Access, PowerPoint). Knowledge of SAS, Crystal Ball or @Risk preferred.
o Ability to manage and deliver on multiple priorities and tight deadlines.
o Quality/ Lean 6 Sigma training a plus.
Job: Accounting / Finance
