HCUK Credit Analyst (Wholesale) FTC

Country: United Kingdom

Background: Hyundai Capital Services UK Ltd (HCUK) is a joint venture company established by Santander Consumer UK and Hyundai Capital Services (HCS) Korea in 2012. It operates under the Hyundai Finance, Kia Finance and Genesis Finance brands, providing funding solutions for both Retailers and Consumers.

WHAT YOU WILL BE DOING

Job Purpose: Reporting into the Credit Manager, the key purpose of this role is to ensure reviews of wholesale facilities are carried out on a regular basis and the data accurately recorded, as well as making appropriate lending recommendations to the correct authority levels within HCUK, Santander and HCS Korea. This role will also be responsible for the structure and negotiation of security arrangements in support of HCUK’s lending proposals, acting as a main point of contact with external legal advisors/solicitors. The role holder will control and deliver all daily wholesale activities within the scope of the role.

                                   

Key Accountabilities

1. General strategic  

Analyse, monitor, control and report on HCUK’s Dealer Wholesale Funding Operations, with specific focus on:

• Assessment and continuous monitoring of all credit risk related aspects of the operation
• Ensuring reviews of new business propositions and existing funding lines are carried out and kept in line with HCUK corporate standards by undertaking appropriate on Profit & Loss, Balance Sheet and Cash flow analysis of dealerships/dealership groups
• Control and development of related wholesale credit policies, procedures, controls and reporting
• Proactively identify opportunities for business and funding product development to help the company achieve its business targets
• Identify and report early signs of risk issues, providing mitigation and conducting site visits to credit watch accounts as required
• Actively contribute to the performance of the Wholesale Risk Team
• Validate and record all data obtained from external operations
• Contribute to the delivery of specified projects as a part of the strategic and operational plans, including supporting budgetary reporting requirements
• Adhere to mandates, all risk policies and actively engage with our conduct risk and customer focused culture.

2. Technical knowledge         

Maintain up-to-date awareness of all relevant risk, credit, compliance and regulatory requirements, and market best practices and then work with the business and related partners to continually refine HCUK policies and processes. Act as a wholesale risk subject matter expert within the organisation.

3. Stakeholder engagement

Establish and develop close, effective working relationships internally and with our OEM partners, relevant SCUK and HCS departments, internal and external auditors and other related 3rd party suppliers and organisations.

4. Communication and Reporting     

Establish and maintain effective communications with all related regulatory and compliance bodies, Santander Consumer UK and Hyundai Capital Services head office departments, our OEM partners and other key stakeholders.

Working under the guidance of line management, develop and produce a high-quality MI reporting suite/dashboard.

5. Outsourced Oversight       

Within the scope of the role, maintain effective oversight and monitoring of any outsourced or other HCUK department related activities, to ensure performance against Key Performance Indicators (KPIs) and Service Level Agreements (SLAs) are delivered, and contractual obligations and charges are verified and audited.

6. Insight and continuous improvement      

Contribute to an on-going review process to continually improve and refine the department’s QA measures and performance and to ensure continued adherence to legislation, regulation and internal policy.

7.Risk and Compliance          

In line with the company’s risk and compliance objectives, identify risks, incidents and breaches, in accordance with company policies and department procedures.

8. Other         

Deputise for other team members and represent the Wholesale Risk Department as required. Carry out any other tasks from time to time as may reasonably be requested.

WHAT WE’RE LOOKING FOR

Key Competencies

Planning         

Capable of planning data collection, credit reviews writing, and approval request and ongoing review of monitoring information independently.

Communication         

Possess good written and verbal communication skills and be able to effectively communicate with and present to both internal and external stakeholders across all business levels.

Teamwork     

Be an excellent team player, able to establish strong working relationships with stakeholders, colleagues and business partners.

Time Management    

Display sound independent time management skills by delivering activity within prescribed timeframes through the effective prioritisation of actions across multiple operations, projects and on-going programmes.

Analytics

Good analytical skills, concern for accuracy & detail.

Key Expertise

Given the scope of this position, it is essential that the job holder has the following experience:

• Sound and relevant wholesale credit analysis experience within financial services, preferably automotive related, together with the required soft skills
• Ideally will be well versed in the broader areas of financial services operations including:
  • Products and services
  • Automotive market
  • Financial controls
  • Sales processes and channels
• Has a sound understanding of credit risk controls, processes, measures and related MI/reporting and the related technical knowledge
• Has a general sound knowledge of policies and procedures within financial services regulated and compliant environments
• Strong numerical and analytical skills with an understanding of key financial ratios
• Can produce sound working documentation and presentations, including business case proposals and requirements, briefs and presentations
• Has an appreciation of legal, regulatory and compliance issues relating to the provision wholesale credit and preferably understands the retail consumer credit environment and the use of customer data
• Is familiar with the principles encapsulated within ‘treating customers fairly’ and operation/conduct risk
• Strong all round PC skills

In addition to the above it is expected that any candidate can display a good understanding of the general market sector, can exhibit sound business acumen, have excellent interpersonal skills and is comfortable and confident when dealing with Senior/Board-level management.

Other information

• This role is a fixed term contract position for up to 12 months.
• HCUK employees are currently hybrid working [mixture of home/ office]. HCUK’s head office is in Reigate, Surrey. A minimum of two office days per week is required.
• The position may require domestic travel from time to time, including occasional site visits to dealerships / dealership groups. The job holder would benefit from possessing a full driving licence.

WHAT WE OFFER

Remuneration package

• Base annual salary range £40,000- £50,000, depending upon expertise
• Eligible for annual bonus, based on company and individual performance, up to 15%
• 27 days holiday per annum, plus bank /public holidays, and option to take part in flexible holiday scheme
• Company pension with generous employer contributions Eligible for a voluntary benefits allowance of £500 per annum payable as cash or otherwise used as a benefit available on the benefit suite
• Benefits supporting you and the family, such as death in service benefit, income protection
• Voluntary healthcare benefits at discounted rates such as private medical insurance for family, dental insurance, health care cash plan and health assessments
• Employee car scheme (through salary deductions)
• Employee assistance programme
• Enhanced family friendly policies
• Flexible working opportunities