Internal Audit Undergraduate Placement

Volkswagen Financial Services (UK); Milton Keynes; Hybrid; GBP 20,000 - 28,000; Full time

Benefits offered by this job

Discretionary bonus pro-rated

Car schemes

Pension: 9% employer contribution

Job summary

Volkswagen Financial Services (UK) is offering an Internal Audit Undergraduate placement in Milton Keynes. This 12-13 month FTC combines office presence with a hybrid policy (3 days per week in the office).

Start dates are typically in June/July, and Master's students are not eligible. You will support planning and performance of audits across operational, financial, compliance and IT areas, learn audit standards, and assist with follow-up on findings, collaborating with Corporate Internal

Qualifications

• Studying towards a business-related degree.
• Interest in the Financial Services sector and regulatory principles.
• Knowledge of Microsoft Office applications such as Excel and Word.
• Methodical, analytical and disciplined approach with strong attention to detail.
• Good interpersonal skills and ability to work well in a team.
• Resilient, self-motivated and able to work under own initiative.
• Strong written and verbal communication skills.
• Strong time management and ability to organise and prioritise workload.

Responsibilities

• Support the planning and performance of operational, financial, compliance and IT audits.
• Help prepare, coordinate, perform and follow up on joint audits with Corporate Internal Audit colleagues.
• Develop understanding of Internal Audit standards and best practice.
• Assist with follow-up of audit findings and evidence gathering.
• Support reporting for Board of Management and Board of Directors audiences.
• Maintain key audit documentation such as questionnaires, checklists and manuals.
• Identify potential efficiencies and suggest continuous improvements within the audit function.
• Work with different business areas as part of audit engagements.

Skills

Interpersonal skills

Written and verbal communication

Time management

Initiative

Analytical thinking

Attention to detail

Education

Undergraduate degree with placement year

Tools

Microsoft Excel

Microsoft Word

Job description

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 Audit team as an Internal Audit Undergraduate where you will support independent audit work that helps the business understand risks, controls and improvement opportunities. You will gain exposure to operational, financial, compliance and IT audits while learning how audit engagements support continuous improvement across VWFS. If you want an audit, risk and controls placement where your work contributes to real business outcomes, we want to hear from you!

What will you be doing?

• Support the planning and performance of operational, financial, compliance and IT audits.
• Help prepare, coordinate, perform and follow up on joint audits with Corporate Internal Audit colleagues.
• Develop understanding of Internal Audit standards and best practice.
• Assist with follow-up of audit findings and evidence gathering.
• Support reporting for Board of Management and Board of Directors audiences.
• Maintain key audit documentation such as questionnaires, checklists and manuals.
• Identify potential efficiencies and suggest continuous improvements within the audit function.
• Work with different business areas as part of audit engagements.

What are we looking for?

• Studying towards a business-related degree.
• Interest in the Financial Services sector and regulatory principles.
• Knowledge of Microsoft Office applications such as Excel and Word.
• Methodical, analytical and disciplined approach with strong attention to detail.
• Good interpersonal skills and ability to work well in a team.
• Resilient, self-motivated and able to work under own initiative.
• Strong written and verbal communication skills.
• Strong time management and ability to organise and prioritise workload.

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.

What our recruitment process looks like:

• 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.