Credit Risk Placement

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Credit Risk Placement

The Credit Risk team 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.

About what you will be doing:

• You could be conducting business testing for Credit Risk strategies and products for example; testing new credit scorecards which are used to predict the likelihood of customers defaulting
• Producing KPI and executive summary reports, including performance reports for the underwriting team and reporting pack for the Credit and Lending Risk Committee
• You will support the wider Risk team to investigate and explain any movements in the retail portfolio and monthly credit risk provision
• Supporting the Risk Manager with the development of credit scorecards and credit risk mitigation strategies, primarily data extraction and interrogation using Excel, Tableau and other bespoke systems
• A variety of ad hoc reporting and analysis to support the Risk Management function and the wider business

About you:

• You will be studying towards a degree, preferably Economics or Business related with an interest in Credit and Financial Risk
• Good knowledge of Excel and willingness to learn other data reporting programmes
• You are able to interpret reports and both understand and articulate the “story” behind the numbers
• You are analytical and inquisitive when reviewing data and can interpret complex issues and formulate solutions
• You have a strong focus on the detail and can organise your own workload to meet strict deadlines
• Flexibility and enthusiasm will help you to embrace the challenges in this role and take on new responsibilities and accountability to support the wider Risk team

What you’ll get: (apart from a wealth of experience for the future…)

• Earn whilst you learn and receive a competitive salary of £17,500 per annum plus discretionary bonus and access to company pension scheme
• A fun and sociable workplace to start your career - You’ll be joining a cohort of around 50 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 which means driving 2 brand new vehicles during your placement (a great way to make your mates jealous when you visit them at Uni)
• Chance to make a difference in the local community with various volunteering opportunities
• Onsite wellbeing centre – think lunchtime massages, onsite HIIT classes and health check-ups
• There will be a hybrid blend of working in our office based in Milton Keynes and, working from home

Volkswagen Financial Services is an inclusive employer and we welcome applications from everyone.

About Volkswagen Financial Services

Here at VWFS, we provide finance and insurance services to customers across the entire Volkswagen Group in the United Kingdom. The Group includes some of the world’s most iconic automotive brands, like: Audi, SEAT, Skoda, Volkswagen, Bentley, Lamborghini, Porsche, Bugatti, Ducati, Scania and MAN.

We strongly advise that you do not apply for more than one placement role to ensure that you are considered for the placement that you are more interested in and your skills are aligned to.

How to apply

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

Applications may close before the deadline, so please apply early to avoid disappointment.