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Our Asset Risk Department 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 process has a huge impact on the future value of vehicles so attention to detail is imperative.
On the whole, the Asset Risk Team has touchpoints with every department within VWFS, giving you an excellent exposure to the wider business.
What you could be doing
- You will provide analysis and forecasting recommendations to assist in setting RV’s
- Responsible for providing senior management with both quantitative and qualitative analysis of risks on the residual value portfolio
- You will review new model product information and collate data analysis before making recommendations for new VWG models entering the market. This is critical in supporting VWG brands with new model launches
- Work with the Asset Risk Manager to ensure continuous review of methodologies used ensuring best practice is adopted by VWFS, balancing stakeholder requirements
- 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
- You will be studying towards a Business, Economics or Maths related degree
- Self-motivated and willingness to take your own initiative
- A good understanding of Microsoft Excel
- Have an interest in data, business and financial analysis
- Ability to cope under pressure and meet strict deadlines
- Confident communicator with strong presentation skills
- Comfortable working both within a team and independently
What we can offer you
- Salary of £20,000 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
- Life Skills workshops, designed specifically for you as an Undergraduate
- Access to a discounted loan car scheme
- Chance to make a difference in the local community with various volunteering opportunities
- 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
What to expect from the assessment process
Once you have decided our placement is for you, click the apply button and fill out some quick multiple-choice questions to support your application. We’ll be in touch shortly after receiving your application to advise if you have been progressed to the next stage. You will then be invited to complete an online video interview where you have the opportunity to tell us about you and your amazing qualities.
If you are successful after completing your video interview, you will be invited to attend an assessment centre at our Milton Keynes offices. Here, you will complete a Competency Based Interview, deliver a Presentation and take part in a Group Exercise. We’ll provide you with appropriate support and guidance before you attend.
This process is designed to help both you and us decide if a placement at Volkswagen Financial Services is the best step for you to kick start your future!
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.
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.
