Asset Risk Placement (BMW UK, Financial Services) Farnborough July 2024

We believe in creating an environment where you, our placement student, can learn and develop during your time with us and where you are given your own areas of responsibility from the start. Our experts and mentors will treat you as part of the team from day one, encouraging you to bring your own ideas to the table and giving you the opportunity to show what you can really do.

Our Summit ONE in Farnborough is home to the National Sales Company for the BMW Group in the UK, as well as BMW Group Financial Services which offers retailers, corporate, and private customers a range of customised financial services. Alphabet (GB) Ltd. as a leading provider of Business Mobility Services is also located in Farnborough. We decided in November 2020 to bring together BMW Financial Services and Alphabet to stay relevant to our customers and continue to succeed in a rapidly changing business environment.

Within our self-contained campus, we offer a modern way of working with an empowering office culture, some aspects of which include:

• Our work persona shift – being yourself is effortless and so increases efficiency. For this reason, we allow our employees to express themselves through the way they dress.
• Flexible working hours - working flexibly improves mental perspective and increases sustained productivity. This means our leaders maintain balance, not burnout, through focusing on output, not attendance.
• The opportunity to get involved with our continued support of our house charity with a variety of fundraising events throughout the year.
• Throughout our offices, there are open creative spaces which hold facilities such as table-tennis tables to encourage innovation and employee engagement.

Asset Risk (Multi Make)

As part of the BMW Group Financial Services Risk department, the Multi Make Asset Risk team is responsible for managing the non-BMW Group brands residual value (RV) and maintenance (SMR) risk on the BMW Group Financial Services vehicle portfolio, this includes both Alphabet GB Limited and Alphera Financial Services. This involves forecasting the RV and SMR for all available non-Group vehicle manufacturers and models for the Alphabet and Alphera quotation system, as well as managing the risk of vehicles currently on the live fleet, all of which is critical to the success and profitability of the business.

Demonstrating a passion for data analysis, business, finance, economics and the automotive industry, we’re looking for highly organised, self-motivated individual who can demonstrate an ability to apply themselves and excellent attention to detail. This is an excellent opportunity to gain experience of working with key areas of BMW Group Financial Services to support with Asset Risk activities and also in collaboration with industry data providers and non-BMW Group manufacturers.

What will you be doing?

• Analysis of new and used vehicle market, often with very large data sets, for example: current used car values and forecasts, auction sales, vehicle depreciation and vehicle usage.
• Manage and respond to Asset Risk queries from internal teams to the department email inbox.
• Provide regular and adhoc analysis and reporting, with also presenting results and recommendations at internal meetings and working groups.
• Stay abreast of the car and commercial vehicle industry and trends, and the factors the impact used vehicle values, with a high focus on electrification and future technology.
• Support with the overall Asset Risk strategy and both ongoing and new projects.
• Identify and implement process improvements.
• Collaborate with various internal departments (Remarketing, Controlling, Commercial, Data) and also the wider BMW Group on new model launches and the BMW Financial Services international team.
• Support with communications with external data suppliers and vehicle manufacturers.
• Support team with various operational risk, process management and audit requirements.
• Potential to support other Risk teams such as Group Brands Asset Risk, Credit, Interest Rate, Strategic and Operational Risk.

Qualifications

• Studying toward a Bachelor's degree in a relevant discipline and on track to achieve a 2:2 or above, for example Business Studies, Economics, Maths, Finance.
• An active interest in the automotive market and understanding of vehicle manufacturers and models would be advantageous.
• High level of Excel skills essential, knowledge of SAS or Qliksense is desirable but not essential.
• Good working knowledge of other Microsoft Office products such as PowerPoint.
• Excellent levels of numeracy essential, above average focus on attention to detail.
• Excellent communication, presentation and influencing skills.
• Part time work experience in customer service or business related environments is ideal.
• Experience leading and managing teams in university projects or in a volunteering capacity also beneficial.
• Self confidence in liaising with contacts at all levels proactively and diplomatically.
• Self-motivated and organised, able to prioritise, use your initiative and manage time effectively and work on multiple tasks. Excellent team player, offers support proactively.

Why choose us?

• Great Pay - A competitive annual salary of £21,600, 27 days holiday (pro rata to your contract), and an attractive pension scheme.
• Rewarding Work-Life Balance - Contracted working hours are 37.5 hours a week Monday to Friday, helping you develop a fulfilling work-life balance.
• Exciting Additional Benefits - You will have the opportunity to enjoy other employee benefits including access to our Advantages scheme, giving you access to a range of offers and discounts, and a subsidised on-site restaurant.

What are we responsible for?

• Supporting you in your training and ensuring you settle into your role and feel welcomed.
• Working sustainably and ethically.
• Providing you with the opportunity to bring your own ideas and develop yourself.
• Ensuring you are happy with your work-life balance and feel as though your contribution to the business is being valued.
• Encouraging you to develop your soft skills such as creating working relationships, communicating effectively, delivering presentations, and gaining confidence in your own ability, supporting you in both your return to university and your future career.

What do you need to do now?

If this sounds like the opportunity for you then apply today using the link below.

The next stages of the recruiting process could include; online testing, a one-way video interview, and then a face to face, telephone, or virtual interview with the hiring manager.

Please note

We operate rolling recruitment. This means we may close the application window earlier than identified if sufficient applications are received, so please apply early to avoid disappointment.

Please ensure that you complete all of the free text questions for your application to be progressed. Please also include a role relevant cover letter, explaining why we should consider you for this position.

To be eligible for this position, you must be returning to your studies for a minimum of 6 months after completion of this placement and be able to provide proof of your legal right to work in the UK if you are not a UK passport holder.

We are committed to promoting equal opportunities in employment and job applicants will receive equal treatment regardless of gender reassignment, marital or civil partner status, pregnancy or maternity, race, colour, nationality, ethnic or national origin, religion or belief, sex, or sexual orientation.

Any further questions? Email us on FutureTalentRecruitment@bmwgroup.com