Risk Asset Manager

Vaco
$140,000.00 - $143,000.00 / yr
401(k), retirement plan
United States, Illinois, Des Plaines
Mar 13, 2025
Vaco is hiring for a Risk Asset Manager opportunity. The Asset Risk Manager will be responsible for the development, operation, and maintenance of approaches, tools and processes used for projecting and managing all valuation models which include but are not limited to residual value (RV), maintenance, repair, and tire (MRT) estimates, and fair market valuations (FMV). The Asset Risk Manager will also support the organization's Enterprise Risk Management process, driving strategic risk initiatives, facilitating risk group meetings and activity, and facilitating internal governance. KEY RESPONSIBILITIES - ESSENTIAL FUNCTIONS Responsible for setting residual values, based on historical data, internal models, and external market factors; ensuring thatestimating future values as accurately as possible by reacting to macro and micro changes in the economic and automotive industry climate Oversee, manage and develop all aspects of asset risk portfolio analytics and pricing, and be a role model and subject matter expert on qualitative and quantitative asset risk subjects Maintain a strong understanding of all technical aspects of quantitative analytics and be able to translate these into actionable insights Provide strategic direction to Finance, Operations and Commercial teams on risk matters Collaborate with departments across companyin development of new products, overseeing potential exposures and working together to mitigate risks Drive empirical and data-driven asset risk practices and analytics, as well as analytics across all risk domains Manage and develop Quantitative Data Analyst, setting clear goals, providing constructive feedback and ensuring high quality deliverables Manage monthly governance (committees) deliverables in addition to facilitating review of all other documentation (assessments) to ensure that relevant committees are aware of, and properly impact all current risk-related developments Support operating lease team delivery of client related depreciation requests, non-standard lifecycle cost requests, quotes, equity position analysis, and/or ad-hoc financial and risk modeling in a timely and accurate manner Provide leadership, coaching and mentoring to the Asset Risk team, driving a higher level of team productivity Review available external and internal industry and economic data to proactively identify any trends that could impact companiesasset risk position Create and maintain existing Asset Risk Management related policies, procedures, and work instructions to comply with applicable internal and external requirements LEADERSHIP RESPONSIBILITIES and STRATEGY This role manages 1 employee This position's leadership responsibilities involve demonstrating ethics and integrity, developing adaptability, displaying drive and purpose and exhibiting leadership stature internally and externally, while leading a small team. COMPETENCIES - SKILLS Understanding of statistical, economic, financial, and leasing concepts Interest in the automotive industry and economic theory Strong analytical and communication skills, especially translating complex concepts into clear communication and workable solutions Key driver and decision-maker in RV setting, sale and leaseback transactions, lease conversion (financial to operating), recalculations, and market value estimations Solid understanding of data analytics and modeling, and will support the Asset Risk, as well as other Risk Management domains, with analytics and quantitative insights EDUCATION AND EXPERIENCE Bachelor's degree in finance, economics, or statistics required; master's degree is preferred Seven (7+) years in quantitative roles in the fleet, automotive, financial services or banking fields Minimum 2 years managing teams Proficiency in MS products, Excel and SAS or other analytical platforms Proficiency in SQL and Python Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to the individual's skill sets, experience and training, licensure and certifications, office location and other geographic considerations, as well as other business and organizational needs. With that said, as required by local law in geographies that require salary range disclosure, Vaco notes the salary range for the role as follows: 143,000/yr.The individual may also be eligible for discretionary bonuses, and can participate in medical, dental, and vision benefits as well as the company's 401(k) retirement plan. Vaco values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply. EEO Notice Vaco is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law. Vaco LLC and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco LLC and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@vaco.com . Vaco also wants all applicants to know their rights that workplace discrimination is illegal. By submitting to this position, you agree that you will be giving Vaco the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal. Privacy Notice Vaco LLC and its parents, affiliates, and subsidiaries ("we," "our," or "Vaco") respects your privacy and are committed to providing transparent notice of our policies. California residents may access Vaco's HR Notice at Collection for California Applicants and Employees here. Virginia residents may access our state specific policies here. Residents of all other states may access our policies here. Canadian residents may access our policies in English here and in French here. Residents of countries governed by GDPR may access our policies here. Pay Transparency Notice Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to: the individual's skill sets, experience and training; licensure and certification requirements; office location and other geographic considerations; other business and organizational needs. With that said, as required by local law, Vaco believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.