Financial Crime Undergraduate Placement

Vwfs; Milton Keynes; Hybrid; GBP 22,000 - 26,000; Full time

Benefits offered by this job

Discretionary bonus

Car schemes

Pension

Job summary

VWFS is seeking an undergraduate to join the Internal Control Systems team as a Financial Crime Undergraduate in Milton Keynes. You will learn fraud prevention, financial crime controls, and risk-based approaches in a fast-paced environment while supporting investigations and reporting.

You will study for an undergraduate degree with placement year eligibility, working in a hybrid setup with in-office days and some flexibility based on business needs.

Qualifications

• Currently studying for a business-related undergraduate degree.
• Understanding of regulatory principles and how to interpret them.
• Strong written and verbal communication with attention to detail.

Responsibilities

• Support the team in protecting the business from financial crime across portfolios.
• Assist with investigations, analysis, documentation and intelligence sharing where appropriate.
• Support fraud prevention activity by assessing customer behaviour patterns and associated risks.
• Prepare Suspicious Activity Reports and witness statement material for review and approval where required.
• Apply compliant financial crime prevention processes to help safeguard VWFS and customers.
• Monitor financial crime risk using appropriate policies and controls.
• Understand the impact of new legislation and regulation on business activities.
• Participate in business projects and support wider ICs workflows.

Skills

Interpersonal skills

Regulatory understanding

Self-motivated

Ability to learn quickly

Analytical mindset

Attention to detail

Strong communication

Excel proficiency

Education

Undergraduate degree in business-related field

Tools

Microsoft Word

Microsoft Excel

Job description

About The Role

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).

We’re looking for an undergraduate to join our Internal Control Systems team as a Financial Crime Undergraduate, where you will support activity that helps protect VWFS from operational, business and financial crime risks. You will learn about fraud prevention, financial crime controls, risk-based approaches and clear documentation in a fast-paced commercial environment. If you want a financial crime, risk and investigation placement where your work contributes to real business outcomes, we want to hear from you!

What will you be doing?

• Support the team in protecting the business from financial crime across portfolios.
• Assist with investigations, analysis, documentation and intelligence sharing where appropriate.
• Support fraud prevention activity by assessing customer behaviour patterns and associated risks.
• Prepare Suspicious Activity Reports and witness statement material for review and approval where required.
• Apply compliant financial crime prevention processes to help safeguard VWFS and customers.
• Monitor financial crime risk using appropriate policies and controls.
• Understand the impact of new legislation and regulation on business activities.
• Participate in business projects and support wider ICs workflows.

What are we looking for?

• Studying towards a business-related degree.
• Understanding of regulatory principles, sources and interpretation.
• Good interpersonal and collaboration skills.
• Resilient and self-motivated, with the ability to work under own initiative.
• Able to learn and apply new or unfamiliar knowledge quickly.
• Methodical, analytical and disciplined approach to work.
• Strong written and verbal communication skills with high attention to detail.
• Excellent PC skills, especially Excel and Word.

About Us

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

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.

*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.