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Operational risk analyst - undergraduate programme

Reading (Berkshire)
Volvo Car Financial Services UK Limited
Operational risk analyst
Posted: 14h ago
Offer description

It’s what sets us apart that brings us together.

Volvo Car Financial Services UK (VCFSUK) is a financial services joint venture business, part-owned by Volvo Cars and Santander Consumer Finance, operating across the UK Volvo retailer network, and also supporting Polestar and London Electric Vehicle Company (LEVC). Everything we do starts with people. It’s what makes us different from other companies. If you share our belief in the power of people and our passion for human-centric innovation, you will thrive together with brilliant, like-minded colleagues who are committed to making a true difference.


What’s in it for you?

People are at the heart of our business. We want you to innovate, challenge, and build a future career at VCFSUK. In return, we offer a competitive basic salary of £24,800, a discretionary performance-related bonus, generous pension contribution and £500 flexible benefit allowance.


Hybrid working allows for greater flexibility and work-life balance, further enabling us to reduce our environmental impact and support your personal circumstances. We offer flexible working and 25 days annual leave plus bank holidays. Health & wellbeing initiatives, charitable giving days, and continual learning and development opportunities.


What you’ll do:


**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.**


During your placement, you will provide support to subject matter experts within the team as they make key strategic decisions that will shape the future of VCFSUK. You’ll contribute significantly to the success and future of the brand by delivering fresh ideas and viewpoints and challenging current assumptions to meet the needs of future customers – so an innovative mindset is essential.


We are currently recruiting for an enthusiastic and driven 12-month placement student within our Risk Team to join us in July 2026.


The role will be a mixture of understanding business operations, translating business needs into requirements, assisting in projects from concept to completion, and learning from those around you. You will:


* Report and provide oversight on Operational Risk Incidents in line with the Operational Risk Framework and Risk Management Framework
* Conduct root cause analysis on Operational Risk Incidents
* Support with reviewing and updating Risk Policies, adapting policies from Santander to ensure that they are relevant to VCFSUK.
* Support with the Risk and Controls Self-Assessment (RCSA) and control testing programme.
* Create and publish the Operational Risk and Enterprise-wide Risk Management pack on a monthly basis
* Track and update following internal risk management forums and formal committees on a monthly basis.
* Assist in the provisioning activity which is required on a monthly basis.


Do you fit the profile?

You will have a real passion for problem-solving and the curiosity to understand business challenges and deliver innovative solutions. You will also have strong interpersonal skills and the confidence to champion new initiatives. You will:


* Currently studying for a degree in preferably either business, economics or finance.
* Possess a strong analytical mindset with an ability to suggest solutions to technical problems
* The ability to manage multiple tasks and to prioritise
* Have high attention to detail
* An interest in risk, knowledge of, or interest in regulatory landscape (both UK, European and Global standards), government policy and macro/micro economics, would be beneficial.
* A self-starter who can adopt a pro-active approach and take initiative with minimal supervision


How to learn more and apply:

Our placement is open to any university student who is in their penultimate year (those who will be returning to their final year of study after their placement with us). So, you should be on a sandwich degree.


We have a duty of care to our people and wouldn't want you to spend a large amount of time commuting, so we require our undergraduates to be based within a reasonable radius of our Maidenhead office. Our Hybrid Working requires you to be in the office a minimum of 3 days/week.


Once you have applied, you will receive a phone call to discuss your application so that we have a chance to get to know a little more about you. And you get the opportunity to get to know more about us. We will then invite you to an Assessment Centre, where you will interview with the hiring manager, view what our workplace has to offer, meet the team and answer any questions that you may have. A decision will be made shortly after.


The Assessment Centre will take place on Thursday 5th February 2026.


To comply with UK GDPR, we cannot accept applications by email. Please submit your application using the ‘Apply’ button on this LinkedIn job post by Sunday 28th December 2025.


Diversify our future:

Volvo Car Financial Services UK is an equal-opportunity employer. We are a company for people who care about other people and for the world we live in. We celebrate diversity and inclusion in the workplace and are committed to equality of opportunity for all employees and employment practices, including hiring, recruiting, and promotion. It’s what you do that counts and we are always looking to expand perspectives and voices to shape our future. With us, you can truly be yourself, embrace new opportunities, thrive and a make a difference.

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