Risk & Compliance Manager (m/w/d)

The Risk & Compliance Manager is responsible for:

  • Ensuring that the Risk and Compliance Frameworks of VFS Germany are in compliance with internal and local rules and regulations;

  • Ensuring that these frameworks are maintained, updated and operating effectively;

  • Implementing risk controls consistent with agreed risk appetite (MaRisk AT 4.4.1 Nr. 1);

  • Compiling, assessing and reporting risk and compliance information to the management board (Geschäftsleitung) (MaRisk AT 4.4.1 Nr. 1 and AT 4.4.2 Nr. 7);

  • Ensuring that regulatory requirements are identified and that appropriate procedures are established and consequently executed;

  • Assisting the management board by directing, supporting and performing monitoring and auditing compliance at VFS Germany;

  • Advising the management board with regard to risk management and compliance questions.

Risk control function
Supporting the management board on topics with respect to risk management and in particular:

  • Support the management board and provide essential input in all risk policy issues, in deciding and implementing the risk strategy and evolving a risk limitation system.

  • Carry out the risk inventory and draw up the overall risk profile.

  • Support the management board in developing and improving the risk management and risk control processes. Continuously developing, enhancing and embedding the risk framework for managing risks across the institution, ensuring that processes are fit for purpose.

  • Develop and improve a system of risk ratios and a procedure for the early detection of risks.

  • Monitor the institution’s risk situation and internal capital adequacy as well as compliance with the risk limits in place on an ongoing basis.

  • Developing, managing and refining qualitative and quantitative risk reporting which meets the needs of the management board, in order to support effective decision making.

  • Reporting risk-related ad hoc information promptly to the management board and selected others when appropriate.

  • Embedding a positive culture of confident and informed risk-taking through training, communication and promotion of the agreed risk framework.

Compliance Support and Direction
Supporting the operation of the Compliance Program and in particular:

  • Direct and maintain an effective compliance communication program for the organization that promotes (a) heightened awareness of Standards of Conduct, and (b) understanding of new and existing compliance issues and related policies and procedures.

  • Assist the wider regional effort by covering and advising on compliance matters at VFS Germany.

  • Provide advice on compliance implications of new business proposals/products and operational changes or changes to existing products.

  • Ensure that policies, procedures and processes are up to date and compliant with AB Volvo/VFS requirements, general regulatory, legal obligations and the expectations of our regulators. This includes, but is not limited to drafting policies and procedures.

Compliance Program On-Going Development, Implementation and Performing

  • Implement or maintain an effective Compliance Program that:

  1. Identifies new legal rules and regulatory requirements, conduct risk analysis and establish appropriate procedures and tools to meet and monitor them (AT 4.4.2 Nr. 2 MaRisk).
  2. Establishes routines and methods to evaluate and respond to exceptions including recommending investigative procedures, as appropriate.
  3. Ensures consistency in compliance relevant standards/controls and in interpretation of results (AT 4.4.2 Nr. 1 MaRisk).
  • Direct, and prioritize and coordinate compliance activities, remain abreast of the status of all compliance activities and identify trends.

  1. Conduct compliance audit reviews to ensure compliance with laws and regulations, and Company’ policies, procedures and protocols, and to evaluate processes in terms of the coherence and effectiveness of controls implemented
  2. Direct the conduct, reporting and follow-up of any compliance-related internal reviews (or the compliance-related aspects of any wider internal reviews or investigations as required).

  • Identify potential areas of compliance vulnerability and risk; implement corrective action and provide general guidance on how to avoid or deal with similar situations in the future.

  • Direct the on-going enhancement of the compliance training program for existing staff at VFS Germany (coordination with EMEA).

  • Collaborate with other departments (e.g., Credit, Legal, Human Resources, etc.) in the determination, follow-up and escalation of issues arising from monitoring activities. Consult with VFS EMEA/Global Compliance and Legal, as needed, to resolve difficult legal and compliance issues.

Reporting Responsibilities

  • Establish a robust regular risk and compliance reporting to management board.

  • Ensure correct, complete and compliant information flow to management board.

  • Oversee and write compliance related formal monitoring and auditing reports summarizing the issues identified and associated action plans.


  • BA/ BS in Accounting or Finance, MBA preferred

  • Directly related, comparable compliance experience within a financial sector

  • Minimum 6 years of experience working in a compliance/ risk/governance/controlling/ reporting function, preferably in the finance/ leasing/auditing industry

Managerial competencies & skills:

  • Considerable knowledge and experience of best practice risk management, compliance and governance frameworks, methodologies, and emerging practice, in relation to the German financial services context.

  • Knowledge and understanding of risk and compliance control arrangements.

  • Ability to manage risk, compliance and control activities in a financial institution.

  • Extensive knowledge and experience in compliance

  • Significant financial services experience

  • Understanding of the issues involved in running a business, including the key financial dynamics and drivers.

  • Strong knowledge of regulatory environment and key regulatory regimes (particularly strong working knowledge of German legal and regulatory requirements)

  • Ability to exercise oversight over governance, risk, compliance and control arrangements in a financial institution.

  • Proven ability to oversee a number of risk types, ideally including credit, market, operational, liquidity, concentration, regulatory and strategic risk

  • Understanding of financial and strategic planning.

  • Experience in working in international environment.

  • Strong analytical skills as well as holistic thinking.

  • Problem-solving and decision-making skills, with the ability to analyze complex information and identify the key issue/action and drive resolution.

  • Strong interpersonal and team skills.

  • The ability to build strong working relationships across different lines of business and support functions including management board.

  • Ability to deal with Management board, Regulators and other external and internal examiners as required.

  • High standard of professionalism and integrity

  • Strong oral and written communication skills

  • Excellent presentation skills and ability to provide compliance training to all levels

  • Ability to read, analyze and interpret policies, procedures, Central Bank instructions and technical materials.

General skills:

  • German speaker with full fluency.

  • Advanced level of English (oral/written).

About Us

Die Volvo Group gehört zu den weltweit führenden Herstellern von Lkw, Bussen, Baumaschinen sowie Schiffs- und Industriemotoren. Sie vertritt die führenden Marken Volvo, Renault Trucks, Mack, UD Trucks, Eicher, SDLG, Terex Trucks, Prevost, Nova Bus, UD Bus und Volvo Penta.

Mit Volvo Financial Services gehören Sie zu einem globalen und breit aufgestellten Team hochqualifizierter Profis. Sie bieten zur Unterstützung des Volvo Group-Vertriebs sachgerechte Finanzdienstleistungen und -Lösungen für Kunden und Händler. Mit Volvo Financial Services gehören Sie zu einem globalen und breit aufgestellten Team. Wir arbeiten mit Leidenschaft, vertrauen einander und begrüßen den Wandel, um auch weiterhin ganz vorne dabei zu sein. Wir machen unsere Kunden zu Gewinnern.

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Application Process


An email confirmation will be sent as soon as you submit your application. After this, it is still possible to update your personal profile.


If selected for an interview, you will be contacted with information about the following process steps: second interview, assessments and references.


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When you begin your employment, you will receive an introduction to help you quickly become part of the team and start working with your tasks in the best possible way.


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