Objective of Job
The position has the responsibility for Controlling Portfolio Risk management for the DMO entities in China. The responsibilities include the coordination of the entity wide risk strategy and providing and maintaining related steering tools. This includes the local applications of the group wide risk capital strategy, risk quantification and risk return steering for the DMO portfolio in China. It includes all steps in the credit risk management steering cycle ranging from local risk reporting, monitoring & analysis on asset, customer&dealer group or financial product level to create transparency on the risk situation and trends within the DMO portfolio in China, using internal data but also macroeconomic, industry and provincial level data and information. The position further includes risk management process steps for monitoring the residual value risk embedded in DMO China’s leasing & finance lease portfolio. The position also includes the monthly provisioning and related planning and forecasting activities based on CBIRC&PBOC regulatory reporting requirements, local GAAP and IFRS. In Addition, to support data and system related topics such as dashboard, reporting tools development, implementing digitalization and automation initiatives and report to management team in a timely manner.
Task Description
1. Risk Strategy, Risk Appetite Steering and Economic Capital Management
Ensure the development, documentation and maintenance of the entity wide risk strategy.
Coordinate the break down of the risk strategy into credit and risk preference statements and operational risk targets through well defined targets and monitoring tools. Adopt and maintain the risk methodology for Economic Capital allocation. This comprises risk quantification methodologies for all relevant risk types, i.e. credit risk, residual value risk, interest rate risk, operational risk, currency induced credit risk, and concentration risk.
2. Risk/Return Steering
Support the adoption and maintenance of the risk methodology for risk return steering based on RORAC. Support the development of risk-adjusted pricing tools and methods.
Monitor and calibrate as required assumptions in QCats and RORAC models to ensure proper risk and capital allocation for China entities. Liaise and collaborate with local risk tools team and RM HG risk strategy team.
Assess risks embedded in new products, product variants or campaigns based on well defined tools and methods on a regular and ad-hoc basis.
3. Risk Analysis and Reporting
Provide risk analyses for all relevant financial risks particularly for credit risk and residual value risk based on portfolio and single contract data. Risk analyses are performed using internal data but also macroeconomic, industry and provincial level data and information.
Risk situation and risk trends are evaluated and integrated into risk reports which are generated on a regular basis.
Top management as well as the regional and local senior leadership will be informed regularly as well as on an ad-hoc basis for relevant risk developments and trends. The function also proposes and/or provides support to derive countermeasures.
The position includes risk management relevant public disclosures, the preparation of information regularly used for press conferences, annual shareholder meetings and rating agency discussions.
4. Monitor and implement regulatory requirements, in particular PBOC and CBIRC
Support close monitoring and follow up on changes in the regulatory environment based on own research and input from the various functions of the company, in particular legal and compliance. Implement regulatory requirements relevant to the area of risk management.
Maintain risk scenario analyses models for China in close collaboration with local risk tools team and global RM risk strategy team. Perform annual stress tests, including modeling and implementation, based on risk scenarios as defined by senior management.
5. RV risk
Support relevant risk management process steps for monitoring the residual value risk embedded in DMO China’s leasing & finance lease portfolio. This includes participating in residual value risk committee sessions, analyzing portfolio related residual value risk and monitoring remarketing performance in terms of residual value risk and the related reporting thereon.

6. Provisioning
Position is co-responsible for methods and tools for retail, corporate and dealer provisioning based on CBRC&PBOC regulatory reporting requirements, local GAAP and IFRS. Cooperation with global risk management DMO is required with regards to utilizing central tools and processes. Position is responsible to maintain the local provisioning policy and ensure compliance with all relevant rules and regulations such as CBRC&PBOC regulatory reporting requirements, local GAAP and IFRS.
7. Digitalization and automation
Support with the implementation of Digitalization strategy in terms of developing tools with Phyton as a coding basis e.g for forecasting. Develop reporting datamarts in collaboration with controlling team to support efficient analysis. Develop analytical dashboard and executive dashboards on PowerBI.