Finance Placement at RCI Financial Services

Duration
Placement Year (10 Months+)
Application Deadline
22nd February 2021
Regions
East of England
Town/City
Maple Cross, Rickmansworth, Hertfordshire
Salary
£18,000pa
Role May Involve
Accountancy Banking/Finance

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RCI Financial Services Overall Rating

- 30 reviews

Finance Placement

Entrant Requirements

If you have a passion for business and you are driven to succeed, we want to hear from you.

  • Working towards a 2.1 or higher
  • Attained a BBC or equivalent at A-Level
  • Studying a degree with a placement year or an approved gap year
  • Eligible to Work in the UK for a placement year from June 2021

We have a variety of opportunities throughout the business, including…

Credit and Lending (Commercial Finance)

The Credit and Lending department assists our car brands, including Renault UK and Nissan Motors GB to sell cars and vans by providing funding to their respective networks of dealerships. In so doing, we also aim to satisfy the objectives of RCI Banque SA by achieving an appropriate return on capital employed, whilst at the same time protecting the assets of our business. This is an analytical role, which is best suited to a candidate with strong Excel skills and who enjoys analysis and reporting.

Finance Management Accounting

Management accounting is concerned with creating the P&L and performance indicators of the company every month. The department is responsible for the commercial month end, general expenses consolidations, calculating the funding needs, calculating all the risk provisions of the company and managing all the business units of the company. Management accounting is also the department in charge of creating and managing the forecast plans for RCI along with validating any pricing, new business or products.

Regulatory Reporting

The role of the Regulatory Reporting student will be to Monitor, produce and analyse related the capital position via running of the capital model (assisting also in the production of the subsequent Finance committee/ ALCO/ Risk & Compliance committee slides.) Data analysis of PRA queries in respect of regulatory reporting/ capital requirements and/ or HQ requirements for alignment where required. Regulatory reporting documentation enhancement project. Regulatory reporting template productions (covering both Capital & liquidity returns where the need arises). Potential to equally assist in the subsequent years ICAAP planning & production.

Financial Controlling

Financial Accounting & Reporting is concerned with making sure the controls and checks are in place so that all transactions are recorded, and all payments are made accurately. Financial Accounting & Reporting also ensures our compliance with accounting standards and tax regulations. Financial Accounting is very diverse including everything from Wages and Expenses to making sure the business has access to borrow millions of pounds to support our customers taking car finance.

Information Systems UK – Organisations & Projects

Supporting the OP Team in the work of organizing, building and managing IS solutions and projects. Plays a supportive role in communication to the whole business on the implication of new initiatives. Validation of developments in user acceptance testing. Overseeing of business acceptance testing. Working closely with the whole business. Priority of work is key in this fast-paced environment. Ability to grow network local business, head office, external / internal IS suppliers This role will be successfully carried out by building strong relationships with the appropriate business partners, by performing business systems analysis within the agreed service levels.

Bank - Savings

Leading the UK's retail savings account tables, our sister company RCI Bank offers an exciting general management opportunity. As a smaller team in a fast-moving market you'll support entrepreneurial colleagues across operations, customer service, marketing and data analysis functions, as well as get involved in the general management of RCI Bank, and managing your own projects. This role would suit a good all-rounder with a good eye for detail, ability to multi-task and deliver to tight deadlines, a love of numbers and a passion for doing things differently.

Risk Office / Internal Control

Our Risk department is fundamental to RCI Financial Services and RCI Bank. In 2019 RCI Bank obtained our UK Banking licence which makes the department a very interesting team to be a part of. RCI Bank UK Ltd, adopt a three lines of defence model towards the management of operational risk. Operational risk is the prospect of loss resulting from inadequate or failed internal procedures or policies, employee error, system failures; criminal activity or any external event which disrupts our usual business processes. This role will contribute to the second line of defence activities. Providing first line of defence controls by completing activities to gain assurance that pre identified risks are under control and within the company’s risk appetite.

Please note that our Placement Scheme is for 12 months commencing in June 2021, so all applicants must be available for the full 12 month period.

About RCI Financial Services

RCI Financial Services is a wholly owned subsidiary of RCI Bank and Services which is the Renault and Nissan Groups Finance Company.

Today present in 36 countries in Europe, North Africa, South America and Asia with our UK division based in Maple Cross, Rickmansworth. We provide a range of competitive finance options and solutions for both Retail & Business Customers.

RCI Bank launched in the UK in 2015 with a vision to provide a real alternative for UK Savers offering transparency, simple accounts with a great service.

We place a strong emphasis on continuous improvement and quality and believe we should be realised through the development of skills, knowledge and abilities of every employee. RCI’s work culture encourages involvement, trust and an open mind.

At RCI we take pride observing the growth and development that each student leaves with after their 12 months with us. Our students becoming fully fledged members of their teams and departments support them through their journey. Allocating tasks which satisfies their appetite to learn, grow and develop. In the hope that we will welcome them back as part of our Graduate programme.

In 2020 RCI have again been recognised as one of the UK's Best Work Places in the Great Places to Work, Large Company category, and in addition to this, we were also awarded one of the UK’ Best Work Places for Women, of which we are very proud.

How to apply

To apply for this role and to find out more, please click on the apply button.