- Contract: 12-13months FTC
- Start dates are usually in June/July
- Hybrid working: We want you to get the best out of your placement, so we operate a hybrid policy where undergraduates work in the office 3 days per week. There may be times where you will need to be in more frequently depending on the needs of the business.
To apply for our undergraduate placement scheme, you must be studying for an undergraduate degree that requires a placement year. Master’s students are not eligible for this placement.
Please consider before applying if you live more than 60 minutes away from post code MK15 8HG, that you would need to relocate to either Milton Keynes or be a commutable distance (within 60 minutes).
Are you analytical, curious and confident working with data? We’re looking for an undergraduate to join our Risk team as an Asset Risk Forecasting Undergraduate. You’ll help analyse vehicle market data and VWFS/VWG remarketing results to support Residual Value recommendations for Volkswagen Group models. This is a great opportunity to build your skills in data analysis, stakeholder communication and commercial decision-making in a fast-paced Risk environment.
What will you be doing?
- Analyse industry, market and remarketing data to calculate and review Residual Values (RVs) for Volkswagen Group models.
- Prepare clear RV proposals with supporting data for review by Asset Risk Management and the Residual Value Setting Forum.
- Review new model product information and support Volkswagen Group brands with RVs for new model launches.
- Maintain and update RV and remarketing data in core systems, including Autofutura, Tableau and Excel.
- Respond to queries from colleagues across VWFS, Volkswagen Group and the dealer network, including bespoke RV requests, fleet tenders, LCV conversions, RV uplifts and RV overrides.
- Prepare and distribute the monthly RV Setting Forum pack and Asset Risk MI Deck, ensuring the latest data and commentary are captured.
What are we looking for?
- Currently studying a degree in Mathematics, Business Studies, Economics or a related field.
- Strong analytical mindset with the ability to interpret data and make recommendations based on evidence.
- Intermediate Excel is desirable, with an interest in developing skills in Tableau and specialist systems such as Autofutura.
- Excellent time management skills with the ability to prioritise, work under pressure and manage multiple deadlines.
- Strong communication and relationship-building skills, with confidence engaging stakeholders at different levels.
- A reliable team-player who can support colleagues while also working independently when required.
- Presentation and influencing skills are desirable, especially when explaining analysis and recommendations clearly.
Why apply for an undergraduate placement with VWFS?
Here at VWFS you'll be able to kick start your professional experience in the workplace. We take on 49 undergraduates each year which we find really helps our undergraduates as you all go through the programme, building your knowledge and networks together.
You’ll also benefit from
- A focus on personal development with access to LinkedIn Learning via our ‘Degreed’ platform and a bespoke development programme throughout your placement year delivering personal management, technical and soft skills including building successful relationships, presentation skills, IT skills and data literacy.
- A supportive environment and network of colleagues to help you get your best out of the year – in a recent survey, 100% of our undergraduates said they felt valued and supported.
- The opportunity to work on real life business projects and deliver impact around topics like sustainability.
- Subsidised onsite canteen and coffee shop
- Subsidised onsite restaurant with a range of hot and cold breakfast and lunches.
- Employee Resource Groups supporting an inclusive workplace
- Social gatherings and team events & volunteering opportunities.
- Physical and mental health support with our Onsite Wellbeing Centre
Discretionary benefits include
- Bonus: Discretionary bonus based on both personal and Group company performance (pro-rated)
- Car schemes*: The opportunity to join our popular car scheme plus car insurance cover.
- Pension: Employer pension contribution of 9% (based on employee contribution of 3%). VWFS will pay 6% if employee chooses a 2% employee contribution. From day 1 we provide income protection, life assurance (4x salary), will writing, retail discount vouchers, access to Care Concierge (a service to support carers of adults). Private medical insurance is available following successful completion of probation.
What our recruitment process looks like
- Apply and upload your CV, covering letter and answer a few application questions.
- You’ll be invited to complete a Situational Judgement Test. This is a short multiple-choice question set to help us 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 last step in the journey is to attend an in-person Assessment Centre at our Milton Keynes office. You’ll also meet some of our managers and our current undergraduates to find out more about a placement year with us.
Please note: 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.
*More information about car schemes
Our current car schemes are under review following changes in legislation from HMRC and so whilst we don’t have full details of our car scheme to share with you now, we will let you know what this looks like as soon as we are able.
Please do not apply for more than one placement role with us. This will ensure that you are considered for the placement that you are most interested in, and your skills are aligned to.