Capital Manager Normative Perspective

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Ayvens, a subsidiary of the Société Générale Group specializing in automotive financial services, provides services to large corporates, small to medium sized companies and private individuals. Ayvens offers a high-quality and innovative driver mobility solution to customers across 43 countries worldwide or through commercial alliances in 16 countries.

The combination of ALD and LeasePlan into Ayvens represents a unique opportunity to leverage on our companies’ complementary capabilities and to create a leading global player in sustainable mobility with a total fleet of 3.5 million vehicles.

Ayvens Central functions are responsible for the group's development and the supervision of activities to promote creation of synergies and to provide business and technical support, through its coordination role.

The Central Finance function will contribute to the creation of value for Ayvens by being a strategic partner to the business, as well as to guarantee and control the reliability of data, processes and technology used to produce financial information.

**Missions**

The mandate of the Capital Management team for the Normative perspective is to work closely and transversally with the different finance departments as well as Risk department (incl. model development), anticipating and assessing risks that may impact the Ayvens’ capital position, from a regulatory perspective.

More precisely, the mandate will be:

- Capital planning, in collaboration with SG/DFIN
- Total Risk Exposure Amount (TREA) per risk type, own funds and capital ratio calculation for the required scopes of consolidation
- Impact of (future) changes in regulation

The Capital Manager will report to the Head of Capital Management for the Normative perspective.

**Key objectives**
- Be responsible for the prudential regulatory watch (in collaboration with DFIN/ PFS/ SCR and external experts), the analysis and calculation
- Being accountable for the regulatory compliance of the TREA, own funds and capital ratio calculation process and share output to other users (e.g. Regulatory Reporting, Regulatory Committee, etc);
- Providing requirements and guidance on setting up TREA and own funds calculation engines;
- Driving and overseeing regulatory change with regard to credit risk, market risk, operational risk, RWEA, own funds, and capital ratio;
- Performing business and regulatory impact assessment with regard to credit risk, market risk, operational risk, RWEA, own funds, and capital ratio;
- Monitoring and interpreting movements in relation to RWEAs, TREA, own funds, and capital ratio output to stakeholders (e.g. Regulatory Committee);
- Preparing monthly Regulatory Ratios Dashboard
- Supervise the compliance of the regulatory ratios of other regulated entities (LP Group BV, Ayvens Bank) ensuring all of the above is done at their levels, and ensuring that adequate capital is allocated to regulated entities
- Design the scare resource management framework and ensure the coordination of the scare resource steering with the other finance teams involved in the production of the metrics
- Ensure compliance with all capital regulatory metrics projections committed to the regulator by:

- Elaborate capital projections based on financial ones
- Making recommendations on target regulatory capital ratios in relation with Investor Relations / Rating / SG / Supervisor expectations
- Making recommendations in terms of remediation actions (if capital targets not met - cf. CAS), on regulatory capital instruments (AT1, T2) and on Group dividend distribution levels
- Coordinating remediation actions throughout the Group (Group Strategic Financial Planning, Group Funding and Treasury Group Risk, Countries) enabling to achieve those targets
- Provide all necessary communication and expertise on the topic to the Group management, the Board, the regulator and the Investors through the Investor Relations team
- Contribute to the financial communication of the Group on regards to prudential matters
- Draft and implement capital management policies in line with SG Code and prudential framework
- Define and execute the dividends collection strategy from entities to ensure capability to distribute dividends at ALD SA level in line with the capital management strategy and targets

**Competencies**
- Proven experience in regulatory capital management and steering in a banking institution, a regulatory authority or in a business consulting or accounting firm
- Knowledge of the banking sector, with a good understanding of the leasing industry
- Expertise in prudential regulation and IFRS accounting standards
- Business mindset with ability to challenge appropriately and effectively
- Autonomous, engaged, structured and rigorous
- Excellent written and oral communication and presentation skills in English