Level 3 Compliance Apprentice - Farnborough. (Apprenticeship)

BMW Financial Services, Farnborough – Level 3 Compliance – 18-month Apprenticeship
Our Summit ONE in Farnborough is home to the National Sales Company for the BMW Group in the UK, as well as BMW Group Financial Services which offers retailers, corporate, and private customers a range of customised financial services. Alphabet (GB) Ltd. as a leading provider of Business Mobility Services is also located in Farnborough. We decided in November 2020 to bring together BMW Financial Services and Alphabet to stay relevant to our customers and continue to succeed in a rapidly changing business environment.
Within our self-contained campus, 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. For this reason, we allow our employees to express themselves through our dress for your diary approach.
• Blended Working – a blended working approach improves mental perspective and increases sustained productivity. This means our leaders ensure our apprentices maintain balance, not burnout, by focusing on their output, not attendance.
• The opportunity to get involved with our house charity with a variety of fundraising events throughout the year. You will also have the opportunity to be involved in our DE&I network groups.
• Throughout our offices, there are open creative spaces which hold facilities such as table tennis tables, darts, and football tables to encourage employee engagement and networking.
The Sales Compliance team are a first line compliance function, covering off our responsibilities set out by the FCA (Financial Conduct Authority).
We provide support to the Intermediaries (Retailer/Partner/Brokers) in the sales of motor finance and insurance products.
What will you be doing?
As an apprentice in the above team you will obtain a broad understanding of the financial services legal and regulatory framework, the role of the different regulators (if appropriate) and the implications of non-compliance for the organisation
You will develop a sound understanding of the specific risk and compliance requirements for their role e.g. operational risk, financial crime, customer knowledge, training and competence, approved persons, conduct risk, complaints and data security. This will include both the actual legal and regulatory requirements of the FCA handbook and the policies and procedures used by the organisation to implement these requirements.
Key areas of focus will be to:
•Understand the commercial impact of the Sales Compliance function to enable good customer outcomes.
• Work with the BMW FS Business in other key areas to gain additional knowledge such as Financial Crime, Operational Risk and Field team sales functions.
•Contribute towards our day-to-day monitoring activities, include Health Check, and preparation of on-site visits to intermediaries.
•Develop a good understanding of the requirements for compliant financial promotions and statutory disclosures.
•Plan and organise your workload, focusing on priorities, to meet commitments and KPIs, including regulator deadlines. Escalate topics as required.
•Proactively look for opportunities to challenge how things are done. Actively look for where process improvements can be implemented within the team.
•Embrace initiatives, to identify and implement improved ways of learning.
•Strengthen relationships with retailers and partners as well as all internal stakeholders to maximise engagement with our sales compliance monitoring approach.
The role may involve working independently or as part of a team and will involve developing, implementing, maintaining and improving administrative services. Business administrators develop key skills and behaviours to support their own progression towards management responsibilities.
Why choose us?
•Great Pay – A competitive salary enhanced every six months depending on individual progress and performance starting at circa £16,665 per annum, rising to over £27,000 at the end of the programme. You will also receive 27 days holiday (pro rata to your contract) and have access to an attractive pension scheme.
•Rewarding Work-Life Balance – You will have a 37.5-hour working week. Start and finish times will vary to meet the needs of your work-based placements and college hours.
•Exciting Additional Benefits – You will also have the opportunity to enjoy other employee benefits, including access to our Choices benefits scheme, a flexible benefits scheme where you can select benefits based on your individual needs and lifestyle. In addition, you will also have access to our subsidised on-site restaurants, and if aged 18 and over, you will also have the opportunity to participate in our Preferences Car Scheme (subject to an affordability check).
•Development Potential – In the UK, we invest around £3 million per year in vocational and professional training for our employees. This means we invest in you, giving you the relevant BMW specific training that you will require to be an active member of our team.
•Networking Opportunities – Throughout your apprenticeship, you will be supported by our experts and many fellow apprentices. With around 8,000 employees and all three of the BMW Groups brands being represented in the UK, there are an abundance of networking opportunities allowing you to create meaningful working relationships.
What do you need to do now?
If this sounds like the opportunity for you, you will need to create a GetMyFirstJob account and then complete the short eligibility questions. Make sure your GetMyFirstJob profile includes details of both your achieved and any predicted qualifications. If you meet the eligibility requirements, the GetMyFirstJob team will invite you through to the next stage of the process.
The next stage of the process is a Strengths Video Interview. You can complete this at any time of day during your five-day invitation window and you will be recorded answering a set of questions. There is a practice question at the start and you get multiple chances to record each question, plus the GetMyFirstJob team are on hand to support you and give you lots of top tips and advice! Following this, successful applicants will be shortlisted and invited to a face-to-face Assessment Centre with BMW Group. Provisionally, the Assessment Centre is due to take place week commencing 8th April 2024.
Please note:
To be eligible for this position, you must be able to provide proof of your legal right to work in the UK.
We are committed to promoting equal opportunities in employment and job applicants will receive equal treatment regardless of age, gender reassignment, marital or civil partner status, pregnancy or maternity, race, colour, nationality, ethnic or national origin, religion or belief, sex, or sexual orientation.
Closing date for applications: Sunday 17th March 2024
Any further questions? Email us on opportunities@getmyfirstjob.co.uk
Training
Successful completion of the apprenticeship will result in the achievement of an International Compliance Association Level 3 qualification.
Qualifications required
Qualifications and Experience
•GCSE level 5/C+ (Or equivalent) English, Maths.
•Experienced user of Microsoft Office and Outlook.
Skills required
When it comes to selecting the right apprentices, it’s as much about attitude and behaviours as it is about vocational and academic success. That’s why in addition to the qualifications we require from you, we’ll also look for you to have a range of skills, attributes, and behaviours. These include team working, the ability to work without close supervision, quality focus, good communication skills, enthusiasm, initiative, and the ability to take on responsibility and show accountability for your work.
Prospects
Qualification / Standard : ST0362 Compliance and risk officer
Duration 18 months