Work Placement / Internship

BMW UK, Financial Services, Farnborough - Credit Risk - 13 Month Placement (July 2022)

Farnborough, Hampshire. Open to all STEM.

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We be­lieve in cre­ating an envi­ron­ment where you, our placement student, can learn and develop dur­ing your time with us and where you are giv­en your own ar­eas of responsibilities from the start. Our experts and mentors will treat you as part of the team from day one; encour­aging you to bring your own ideas to the table and to give you the opportunity to show what you can re­ally do.

BMW Placements

What would you think? Apply now.

The Credit Risk team takes full responsibility for Retail and Wholesale Credit Risk for BMW Financial Services while the RV Risk team is responsible for assessing the financial risk presented by all elements of vehicle value depreciation. Both areas manage this by developing and maintaining risk models and processes, all with the general aim of providing an appropriate structure to be implemented into IT systems to ensure correct lending decisions are made. This role offers meaningful realistic involvement in all areas of Risk in a high profile international company.

What will you be doing?

  • Exploring and developing the use of the wealth of data available using industry recognised techniques and tools such as data mining in SAS.
  • Analysing and developing financial loss forecasting models and methodologies, calculating parameters and carrying out scenario testing.
  • 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.
  • Involvement in the development of vehicle value forecasting, including time-series analysis, regression techniques and system implementation.
  • Integration of economic factors into existing statistical models, optimisation of the methodology and assessment of business impact.
  • Involvement in implementation of statistical models into live systems and further monitoring of their performance, analysis of issues and potential for improvement.

Qualifications and Experience

  • Studying towards a degree - including a statistics module and predicted a final grade of 2:1 or higher
  • A natural aptitude for numerical analysis
  • Good attention to detail and be willing to learn
  • Competent in standard windows packages such as Word, Excel and PowerPoint
  • Training on bespoke software such as SAS will be provided but any initial knowledge of SAS or similar analytics applications would be an advantage.

Did you know…

Farnborough is home to our BMW, BMW Motorrad, MINI, ALPHERA and Alphabet National Sales Centres. We’re proud of our office environment and achievements.

We offer a modern way of working with an empowering office culture, some aspects of which include:

  • Our work persona shift – being yourself is effortless and so increases efficiency and reduces wasted energy. For this reason we allow our employees to express themselves through the way they dress.
  • Flexible working hours - working flexibly improves mental perspective and increases sustained productivity. This means our leaders maintain balance, not burnout, through focusing on output, not attendance.
  • The opportunity to get involved with our continued support to our house charity with a variety of fundraising events throughout the year.
  • Throughout our offices there are open creative spaces which hold facilities such as table-tennis tables to encourage innovation and employee engagement.

Why choose us?

  • Great Pay – a competitive annual salary of £18,500, 27 days’ holiday (pro rata to your contract) and a pension scheme.
  • Rewarding Work-Life Balance – contracted working hours are 37.5 hours a week, helping you develop a fulfilling work-life balance.
  • Exciting Additional Benefits - throughout your placement you will be supported by our experts and have the opportunity to enjoy other employee benefits.

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Job ID Number: 210001SX
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