Capital Manager Normative perspective

At Ayvens, progress starts with you.

Our ambitions to shape the future of sustainable mobility are powered by our talent. Join us, and get better with every move.

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. Please note that this role does not involve team management (it's an individual contributor role).

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

Job requirements

• Proven experience in Accounting / Finance / Internal or External Audit   

• Experience of partnering at a senior level with an executive management team, Board members and external parties

• Experience in managing internal and external stakeholders in complex and international environments

• Organisationally as well as socially sensitive ability to effectively maintain a constructive working relationship with all central, local operational and SG teams

• Experience of 10+ years in similar role is expected.

Ayvens - becoming better with every move.

We value our employees and their talents, and we strive to help employees grow professionally, including by finding the right opportunity for every colleague within Ayvens. If you see an open position that is the right fit for you, we encourage you to apply.

As our colleague, you make all the difference in our success and we are here to support you.

Why Ayvens?  

With over 3.4 million vehicles managed across more than 42 countries, we provide full-service leasing, flexible subscription services, fleet management services and multi-mobility solutions to customers of all sizes, including large corporates, SMEs, professionals, and private individuals. By leveraging our unique position to lead the way to net zero and further shape the digital transformation of the industry, we are well-positioned to meet the evolving mobility needs of our clients and provide them with the solutions they need to thrive.

At Ayvens, we believe that our success is driven by our commitment to customer satisfaction. Our team is dedicated to delivering innovative solutions and technology-enabled services that help our customers focus on their everyday business. We're committed to sustainable mobility and have made it a core part of our strategy. In everything we do, we're guided by the principles of authenticity, curiosity, commitment and collaboration. We aim to foster an organisation that's diverse in people and ideas, where everyone can thrive and be themselves, no matter who they are.

Join us on this exciting journey as we continue to enable the transformation towards large scale adoption of sustainable mobility and provide our customers with the solutions they need to succeed. Follow our page for the latest updates, news, and insights.

*ALD Automotive | LeasePlan are rebranding to Ayvens across all 42 countries by 2025.