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The Asset Risk Department at VWFS UK is responsible for forecasting the Residual Values (RV - how much a new car will be worth in 3 years’ time) that underpin the majority of the finance we offer to our customers.
This is predominantly focused around the VW group brands containing VW, Audi, SEAT, Skoda, Lamborghini, Bentley and Porsche. This process has a huge impact on the future value of vehicles so attention to detail is imperative.
The Asset Risk Team has touchpoints with every department within VWFS, giving you an excellent exposure to the wider business.
What you will be doing
- You will provide analysis and forecasting recommendations to assist in setting residual values
- You will be responsible for providing senior management with both quantitative and qualitative analysis of risks on the residual value portfolio
- You will work with the Asset Risk Manager to ensure continuous review of methodologies used, ensuring best practice is adopted by VWFS
- You will be part of a team that carries out quarterly stock audits on a variety of auction sites across the UK where vehicles are held at the end of their contract
- Provide analysis for the Asset Risk and Risk Management teams, in particular identification of new and or developing risks
What can you bring with you?
- You will be enrolled at a University which offers a 1 year industrial placement
- Studying a Business, Economics or Maths related degree with proven record of academic success
- Have a keen interest in the automotive industry
- A willingness to use your own initiative and a readiness to learn
- You are analytical focused and accurate, with an interest in data and financial analysis
- You have the ability to organise and prioritise work and deliver to strict deadlines
- You are a confident communicator when working both in a team and individually
- You have an Intermediate level of excel knowledge and skills
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.
