Volkswagen Financial Services (UK)
Financial Regulatory Reporting Undergraduate Placement
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Location: Milton Keynes
Closing Date: 30th September 2026
Salary: £23,915.49
Contract: 12-13months FTC Start dates are usually in June/July
Hybrid working: We want you to get the best out of your placement, so we operate a hybrid policy where undergraduates work in the office 3 days per week. There may be times where you will need to be in more frequently depending on the needs of the business.
To apply for our undergraduate placement scheme, you must be studying for an undergraduate degree that requires a placement year. Master’s students are not eligible for this placement.
Please consider before applying if you live more than 60 minutes away from post code MK15 8HG, that you would need to relocate to either Milton Keynes or be a commutable distance (within 60 minutes).
Are you detail-focused, analytical, and interested in the world of finance and regulation?
We’re looking for an undergraduate to join our Finance team as a Regulatory Reporting Undergraduate. Within this role you will support the delivery of regulatory reporting across VWFS UK and VW Bank GmbH UK, gaining hands-on experience in accurate reporting, stakeholder management and process improvement.
What will you be doing?
- Contribute to the preparation of VWFS UK Ltd. and VW Bank UK Branch regulatory reports for submission to HQ, including liquidity, solvency, exposures and deposit guarantee reporting.
- Support regulatory and statutory submissions to the Bank of England, Financial Conduct Authority and Office of National Statistics.
- Assist with regulatory projects, data quality reviews, CONNECT database logging and tactical/manual solutions while processes are automated.
- Support activity linked to the establishment of VW Savings Bank (UK) Ltd, including regulatory requirements, reporting software and data enhancements.
- Build productive relationships with internal colleagues, HQ colleagues and wider teams to help resolve queries and gather accounting information.
- Get involved in balance sheet reconciliations, internal and external audits, ad-hoc investigations and wider reporting team support.
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What are we looking for?
- Working towards an Accountancy & Finance or Economics related degree or qualification.
- Intermediate Excel skills and competent use of Microsoft Office products.
- Strong attention to detail, focus on accuracy and statistical problem-solving skills.
- Ability to work flexibly under pressure, manage workload independently and deliver to strict deadlines.
- Strong communication skills with confidence collaborating internally, externally and across different business levels.
- Some knowledge of accounting systems, databases, balance sheet reconciliations or controls would be advantageous.
- Self-motivated, a strong team player and open to new challenges, change and process improvement.
Why apply for an undergraduate placement with VWFS?
Here at VWFS you'll be able to kick start your professional experience in the workplace. We take on 49 undergraduates each year which we find really helps our undergraduates as you all go through the programme, building your knowledge and networks together.
You’ll also benefit from:
- A focus on personal development with access to LinkedIn Learning via our ‘Degreed’ platform and a bespoke development programme throughout your placement year delivering personal management, technical and soft skills including building successful relationships, presentation skills, IT skills and data literacy.
- A supportive environment and network of colleagues to help you get your best out of the year - in a recent survey, 100% of our undergraduates said they felt valued and supported.
- The opportunity to work on real life business projects and deliver impact around topics like sustainability.
- Subsidised onsite canteen and coffee shop.
- Subsidised onsite restaurant with a range of hot and cold breakfast and lunches.
- Employee Resource Groups supporting an inclusive workplace.
- Social gatherings and team events & volunteering opportunities.
- Physical and mental health support with our Onsite Wellbeing Centre.
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Discretionary benefits include:
- Bonus: Discretionary bonus based on both personal and Group company performance (pro-rated).
- Car schemes*: The opportunity to join our popular car scheme plus car insurance cover.
- Pension: Employer pension contribution of 9% (based on employee contribution of 3%). VWFS will pay 6% if employee chooses a 2% employee contribution. From day 1 we provide income protection, life assurance (4x salary), will writing, retail discount vouchers, access to Care Concierge (a service to support carers of adults). Private medical insurance is available following successful completion of probation.
What our recruitment process looks like:
- Apply and upload your CV, covering letter and answer a few application questions.
- You’ll be invited to complete a Situational Judgement Test. This is a short multiple-choice question set to help us understand how you may approach situations.
- If you pass this stage, you will be invited to complete an online video interview where you will have the opportunity to tell us more about yourself.
- If successful, your last step in the journey is to attend an in-person Assessment Centre at our Milton Keynes office. You’ll also meet some of our managers and our current undergraduates to find out more about a placement year with us.
Please note: Our undergraduate placement roles do not meet the UKVI’s criteria for the skilled worker sponsorship route, therefore we are unable to accept candidates requiring sponsorship for this role.
More information about car schemes
Our current car schemes are under review following changes in legislation from HMRC and so whilst we don’t have full details of our car scheme to share with you now, we will let you know what this looks like as soon as we are able.
Please do not apply for more than one placement role with us. This will ensure that you are considered for the placement that you are most interested in, and your skills are aligned to.
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