BMW Financial Services GB, Farnborough - Credit, Risk & Control - 13 Month Placement (July 2025)
Description
Summit ONE in Farnborough is home to the National Sales Company for the BMW Group in the UK, as well as BMW Group Financial Services, which offers retailers, corporate, and private customers a range of customised financial services. Alphabet (GB) Ltd., as a leading provider of Business Mobility Services, is also located in Farnborough.
Within our self-contained campus, we offer a modern way of working with an empowering office culture, including:
* Our work persona shift – being yourself is effortless and increases efficiency.
* Flexible working hours - working flexibly improves mental perspective and increases sustained productivity.
* The opportunity to get involved with our continued support to our house charity with a variety of fundraising events throughout the year.
* Open creative spaces throughout our offices, which hold facilities such as table-tennis tables to encourage innovation and employee engagement.
BMW Financial Services GB, Farnborough – Risk & Control - 13 Month Placement (July 2025)
We have 4 opportunities for you to be involved in Risk and Control in Farnborough.
The Multi Make Asset Risk team is responsible for managing the non-BMW Group brands' residual value (RV) and maintenance (SMR) risk on the BMW Group Financial Services vehicle portfolio. This involves forecasting the RV and SMR for all available non-Group vehicle manufacturers and models, as well as managing the risk of vehicles currently on the live fleet, which is critical to the success and profitability of the business.
* Analysis of new and used vehicle markets, often with very large data sets, for example: current used car values and forecasts, auction sales, vehicle depreciation, and vehicle usage.
* Stay abreast of the car and commercial vehicle industry trends and the factors that impact used vehicle values, with a high focus on electrification and future technology.
* Support with the overall Asset Risk strategy and both ongoing and new projects.
The Risk Control team ensures the risk costs are accurately calculated and provided for within the Financial Accounts. The main types of Risks within Financial Services are Residual Value Risk, Credit Risk, and Interest Rate and Liquidity Risk.
* Collaborate with various internal departments (Remarketing, Controlling, Commercial, Data) and the wider BMW Group on new model launches and the BMW Financial Services international team.
* Support Risk Controlling Analysts with the forecasting and budgeting of risk costs, preparation of monthly risk provisions, and ad-hoc queries.
* Ownership of monthly reporting tasks that will be assigned to you to manage individually.
The Credit Risk team takes full responsibility for Retail and Wholesale Credit Risk for BMW Financial Services. We manage this by developing and maintaining risk models and processes to ensure correct lending decisions are made.
* Opportunities to work with Management and present at Management Committees.
* Exploring and developing the use of the wealth of data available using industry-recognised techniques and tools such as data mining in SAS.
* Involvement in the development of Retail application Credit Scorecards, large-scale data manipulation techniques, and exposure to the balance between statistical results and business requirements.
The Credit Management team takes full responsibility for Credit lending decisions across our BMW/MINI & ALPHERA Retailer network. This role offers meaningful involvement in all areas of Credit in a high-profile international company.
* Involvement in the implementation of statistical models into live systems and further monitoring of their performance.
* Support the preparation of credit reports with lending recommendations and conditions.
* Early identification of adverse warning signs and recommend action as appropriate to mitigate our risk.
Qualifications & Skills:
* Studying toward a Bachelor's degree in a relevant discipline and on track to achieve a 2:2 or above, for example, Business Studies, Economics, Maths, Finance.
* Strong numerical A Level and GCSEs.
* Strong working knowledge of Microsoft Office products, especially Excel.
* Self-motivated and organised, able to prioritise, use your initiative, and manage time effectively.
* Excellent communication, presentation, and influencing skills.
* Good attention to detail and willingness to learn new systems.
Why choose us?
* Great Pay –A competitive annual salary of £23,700, 27 days holiday per annum (pro rata to your contract) and an attractive pension scheme.
* Rewarding Work-Life Balance –Contracted working hours are 37.5 hours a week, Monday to Friday.
* Exciting Additional Benefits –You will have the opportunity to enjoy other employee benefits, including a subsidised on-site restaurant and access to our Advantages scheme.
What do you need to do now?
If you apply, the next stages of the recruiting process could include online testing, video interview, and then a face-to-face, telephone, or virtual interview with the hiring manager.
Please note:
We operate rolling recruitment, which means we may close the application window earlier than identified, if sufficient applications are received, so please apply early to avoid disappointment.
To be eligible for this position, you must be returning to your studies for a minimum of 6 months after completion of this placement. You must be able to provide proof of your legal right to work in the UK.
We are committed to promoting equal opportunities in employment and job applicants will receive equal treatment regardless of disability, age, gender reassignment, marital or civil partner status, pregnancy or maternity, race, colour, nationality, ethnic or national origin, religion or belief, gender, sex, or sexual orientation.
Closing date for applications: Saturday 30th November 2024
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