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    1. Home
    2. Industrial Placements
    3. Financial Services
    4. Risk Placement Milton Keynes 2023
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    Our Risk Management Teams work with the data the business produces to identify and monitor risks, creating and delivering reports for management, much of it in line with regulatory requirements.

    As such our team has responsibility for credit risk management and are a key part in ensuring the financial success of Volkswagen Financial Services UK (VWFS) and Volkswagen Bank UK branch (VWB UK)

    We have 3 opportunities available across our Risk Management Teams, if you have an analytical mind and want to have real responsibilities then these could be the perfect placements for you.

    What you could be doing

    Risk Management

    Our Risk Management Teams work with the data the business produces, to identify and monitor risks, creating and delivering reports for management, much of it in line with regulatory requirements.

    As such our team has responsibility for credit risk management and are a key part in ensuring the financial success of Volkswagen Financial Services UK (VWFS) and Volkswagen Bank UK branch (VWB UK).

    You will be responsible for producing operational reports for the Bank and VWFS portfolios as well as getting involved in some ad-hoc reporting to support other business areas too! If you have an analytical mind and want to have real responsibilities then this could be the perfect placement for you

    Credit Risk

    An additional placement opportunity within risk mitigation would be a role within the Credit Risk team, who are responsible for developing strategies, which protect VWFS (UK) against credit losses resulting from customer non-payment.

    This includes the lending strategy for new credit applications as well as strategies for ongoing customer management and risk assessment, through to collections and debt recovery.

    The role of the Credit Risk Undergraduate is to support the Risk Manager with the implementation and testing of VWFS’ credit risk strategies, as well as to monitor the effectiveness of these strategies through the production of regular analysis and reporting.

    What can you bring with you?

    • You will be enrolled at a University which offers a 1 year industrial placement
    • Have a proven record of academic success
    • Excellent organisation skills with the ability to deal with a variety of tasks
    • You have a keen eye for detail and accuracy
    • You use your own initiative to answer questions and solve queries
    • You are able to research and pull information together to support projects and other initiatives
    • You will be able to communicate clearly with the business both verbally and in writing
    • MS Office proficiency, especially Excel, Word and PowerPoint
    • You are able to analyse, interpret data and communicate your findings

    What we can offer you

    • Salary of £20,000 per annum plus discretionary bonus and company pension scheme
    • A wealth of experience for your future career
    • A fun and sociable workplace to start your career - You’ll be joining a cohort of 48 undergraduates so you’ll have a large group of colleagues so that you can support each other throughout your placement year
    • Participate in Life Skills workshops, designed specifically for our Undergraduates
    • Access to a discounted loan car scheme
    • Chance to make a difference in the local community with various volunteering opportunities
    • Onsite Wellbeing Centre to support physical and mental health
    • Hybrid blend of working at our office based in Milton Keynes and working from home

    What to expect from the assessment process

    Once you have hit the apply button, you will be asked to complete multiple-choice questions to supplement your application. We’ll be in touch shortly after receiving your application to advise if you have been successful to complete an online video interview for you to tell us more about yourself.

    After completing your video interview, if successful, your final step in the journey will be for you to attend a virtual assessment centre, where there will be a Competency Based Interview, a Presentation and a Group Exercise. We will provide you with appropriate support and guidance prior to attending. You will also have the opportunity to meet some of our managers as well as our current Undergraduates.

    This process is designed to help both of us to work out if a placement here is the best next step for you.

    About Volkswagen Financial Services

    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. 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.

    We 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 being your 100% self during our recruitment process, please let us know and we will support you as best we can.