Risk Management Placements

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Risk Management Placements

Our Risk Management team plays a pivotal role in working with the data produced by the business to identify and monitor credit risk across all Volkswagen Financial Services portfolios. You will create and deliver reports for management to explain the story behind the numbers. Our team has responsibility for credit risk management and are a key part in ensuring the financial success of Volkswagen Financial Services UK (VWFS). 

We have three undergraduate placements available, if you are passionate for data analysis, problem solving eager to take on real responsibilities, and thrive in a supportive and challenging environment, these placements could be for you.

Risk Management Undergraduate x2: 

This is what your time at Volkswagen Financial Services might look like:  

• Responsible in producing all daily credit risk reporting for our corporate customers.
• Support the production of the monthly and quarterly reporting and support the submissions of the monitoring templates as requested by Head Quarters in Germany. 
• Production, monitoring and analysis of Key Performance Indicators (monthly) and add commentary relating to the risk status of the portfolio. 
• Analyse and investigate changes and movements in reported financial figures.
• Production of defined reports to support the Corporate non-dealer and Truck and Bus risk meetings with the appropriate business units such as Fleet supply. 
• Provision analysis to support the risk and finance departments. 
• Responsible for monthly data manipulation and PowerPoint presentation for Credit and Lending Risk Committee

Credit Risk Undergraduate: 

• This is what your time at Volkswagen Financial Services might look like: 
• Conduct business testing when implementing new or enhancing existing Credit Risk strategies, e.g. testing new credit scorecards which are used to predict the likelihood of new and existing customers entering default. 
• Summary reporting, including performance reports for the underwriting team and reporting pack for the Credit and Lending Risk Committee.
• Provide Risk support to strategic projects, predominantly business testing of new systems and products.
• Ad hoc reporting and analysis to support the Credit Risk function and the wider business.
• Support the wider Risk team to investigate and explain any movements in the retail portfolio and monthly credit risk provision.

About you:

• You will be studying towards a degree, preferably Economics or Business related
• Good knowledge of Excel and willingness to learn other data reporting programmes
• Have excellent organisation skills with the ability to deal with a variety of tasks 
• Use your own initiative to answer questions and solve issues
• Be able to communicate clearly with the business both verbally and in writing
• Be able to analyse, interpret data and communicate your findings

What we can offer you:

• Salary of £22,250 per annum plus discretionary bonus and company pension scheme
• A wealth of experience and a fun and sociable workplace to start your career
• You’ll be joining a group of 49 undergraduates so you’ll have a large group of colleagues so that you can support each other throughout your placement year
• Access to Life Skills workshops, designed specifically for you as an Undergraduate
• Opportunity to join a discounted loan car scheme 
• Physical and mental health support with our Onsite Wellbeing Centre 
• Hybrid blend of working at our office based in Milton Keynes and working from home

Here’s what our process looks like:

• Apply and upload your CV, covering letter and answer a few application questions.  
• You’ll then be invited to complete a Situational Judgement Test. This is a short multiple-choice question set to understand how you may approach situations.  
• If you pass this stage, you will be invited to complete an online video interview where you will have the opportunity to tell us more about yourself. 
• If successful, your final step in the journey is to attend an assessment centre at our Milton Keynes office where you will take part in a group exercise, complete a short interview and deliver a presentation. You'll also meet some of our managers and our current Undergraduates to find out more about a placement year with us. 

About Volkswagen Financial Services UK Limited:

Our mission is straight forward, we want to be 'The Key to Mobility'. What does that mean? To make getting from A-to-B as easy and simple for as many people as possible. 

In our ever-changing world, this can be a challenge, so we aim to foster an openly entrepreneurial, pioneering environment, focussed on your mobility needs.

To truly meet the mobility needs of people in a changing world, our offering goes beyond traditional vehicle financing. 

We do this by offering a range of finance and aftersales products on Volkswagen Group vehicles, as well as developing innovative mobility products designed to solve real problems.

Volkswagen Financial Services are committed to being an inclusive employer and we welcome applications from everyone. Diversity and Inclusion is not just a statement for us, and we are nurturing an environment where everyone can be their 100% self. If there is anything we can do to support you during our recruitment process, please let us know and we will support you as best we can.

Our undergraduate placement roles do not meet the UKVI’s criteria for the skilled worker sponsorship route, therefore we are unable to accept candidates requiring sponsorship for this role.  

Please do not apply for more than one placement role. This will ensure that you are considered for the placement that you are most interested in, and your skills are aligned to.

How to apply

To apply for this programme and to find out more, please click on the apply button below.

Please note that applications may close before the application deadline, so apply early to avoid disappointment.