Senior Manager Residual Value (RV) Development

End Date

Wednesday 26 February 2025

Salary Range

£73,262 - £86,190

We support flexible working – click here for more information on flexible working options

Flexible Working Options

Hybrid Working, Job Share

Job Description Summary

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Job Description

JOB TITLE: Senior Manager Residual Value (RV) Development

LOCATION: Stockport Heathside Park, Nationwide

BUSINESS UNIT: Transport: RV & Pricing Management

HOURS: Full time

WORKING PATTERN: Hybrid, minimum of two days per week in office (or 40% of your time)

About this opportunity

Are you passionate about the Automotive Industry? Are you motivated by working in an ever-changing market that is evolving at a faster pace than ever before?

If so, then we have an exciting opportunity to join the RV & Pricing Management team within the Transport division of Lloyds Banking Group (LBG)!

Residual Value management is critical in supporting the Electric Vehicle (EV) transition, which is a key pillar in LBG’s purpose of Helping Britain Prosper by Keeping Britain Mobile.

Reporting into the Head of RV Management you’ll lead the RV setting strategy and associated governance processes for the Transport business and support residual value provisioning activity.

We thrive on supporting our customers and relationship management is key to ensure cross business balancing. You’ll develop a broad network as you input into other strategic topics.

This role will also have responsibility for a team of 6 colleagues.

About us

Join us and, as well as making a difference to customers, you’ll enjoy a fulfilling career where you’re free to be yourself. Great colleagues, transforming workspaces, hybrid working and a wide variety of career opportunities – you’ll find them all here.

Key Accountabilities

• Development and Management of Residual Value (RV) methodology in support of multi-life asset management

• Building and maintaining the models used to forecast residual values, liaising with the Group Economics team to develop and maintain the used vehicle market econometric models

• Researching of existing and emerging trends and relationships impacting upon used vehicle market values and incorporating them into the RV forecasting modelling processes, to mitigate the risks associated with changing business and economic circumstances and market dynamics

• Proactively generating collaborator briefings, demonstrating thought-leadership to drive commercial advantage and ensuring that guidance provided is accurate and objective

• Delivery of the fleet revaluation process to support financial reporting requirements and the completion of associated stress testing scenarios, working in collaboration with the Finance and Credit Risk teams

• Managing the various governance processes associated with RV setting and management and acting as the first point of contact for all elements of Oversight activity, including liaison with internal and external auditors

Here's how you'll make the difference in this exciting role...

• You’ll be a driven leader, clearly demonstrating a growth mindset. You’ll proactively embrace challenges and view them as new opportunities, delivering against commitments with a sense of urgency, high energy, and enthusiasm.

• A deep understanding of Residual Value forecasting is needed, as is knowledge of financial and econometric modelling techniques.

• Knowledge of CAP data structures is an advantage.

• You’ll also be highly organised and capable of operating both at a highly detailed level as well as taking a strategic overview when dealing with large volumes of data.

• You’ll be a brilliant analytical problem solving, capable of overcoming ambiguities and challenges of a dynamic market to determine RV management strategies, balancing risk and delivering growth.

• An ability to seek out, interpret and apply market, competitor and business insights will be central to the role. Working with colleagues from across the business, you’ll use vehicle remarketing and econometric insight that enhance our RV forecasting capabilities.

• In addition, you’ll need to be able to build influential and collaborative relationships with our business partners to build confidence in our forecasting model and approach, being able to express your point of view, ideas and solutions clearly and convincingly.

• Experience of creating and presenting papers to senior audiences is also essential.

About working for us

Our focus is to ensure we're inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms.

We want our people to feel that they belong and can be their best, regardless of background, identity or culture.

We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer initiative.

And it’s why we especially welcome applications from under-represented groups.

We’re disability confident. So if you’d like reasonable adjustments to be made to our recruitment processes, just let us know.

We also offer a wide-ranging benefits package, which includes:

• A generous pension contribution of up to 15%

• An annual bonus award, subject to Group performance

• Share schemes including free shares

• Benefits you can adapt to your lifestyle, such as discounted shopping

• 30 days’ holiday, with bank holidays on top

• A range of wellbeing initiatives and generous parental leave policies

Want to do amazing work, that’s interesting and makes a difference to millions of people? Join our journey!

At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop.

We keep your data safe. So, we'll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks.  We'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person. 

We're focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we’re building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.