Internship Model Validation Banking Book Risks
Amsterdam, NL
4 dagen geleden

Internship Model Validation ALM / IRRBB

Can you comfortably read math equations? Is Python code your second language, or would you like it to be? Do you like solving complex quantitative puzzles?

And does learning energize you as much as educating others? Then this internship might be something for you.

ING’s global Model Validation Interest Rate Risk in the Banking Book ( MV IRRBB ) chapter is hiring.

Role description

We are hiring student(s) to do a thesis or working internship with us :

  • As a thesis intern you will write your MSc thesis on a challenging quantitative subject relevant to ING. We will provide you with a case description and data, guide you through the research process and share our expertise with you on the content.
  • As a working student you will support us in our business as usual operation. This includes a variety of activities : Further develop and innovate our coding library (Python).
  • Support the improvement of the validation framework & standards.Provide support to the model validators on on-going validations.

    Regardless of the type of internship, you will work closely with one of the senior members from our team. Herewith we hope to make your internship a success.

    About us

    The MV IRRBB chapter is a diverse, dynamic & international team of around 15 highly qualified professionals of various quantitative backgrounds.

    We are responsible for validating the IRRBB and Assets & Liability Management (ALM) models of ING, in which we independently assess whether the models are fit for purpose and use.

    We work partially from the office in Amsterdam and partially remotely at home.

    About you

  • A quantitative background, i.e. BSc or MSc student in e.g. (Financial) Econometrics, Financial Mathematics, Quantitative Financial Economics, Mathematics, Statistics, Physics, etc.
  • Good academic record with above-average grades.
  • Good English writing skills, you are accurate and skilled at drafting reports.
  • Knowledgeable with Python coding, or willing to learn.
  • Available for 6+ months as working student or 3+ months as thesis intern.
  • A learning attitude and intrinsic motivation to learn more about banking and ALM / IRRBB modelling.
  • Pro-active and can-do attitude (self-steering).
  • Fun!
  • The opportunity to work with a highly skilled and experienced team of professionals.
  • A dynamic and international team in an innovative and expanding working environment.
  • Flexibility to work from home and the office in Amsterdam.
  • Time and support for your personal development.
  • A steep learning curve to kick-start your career.
  • Informal and positive atmosphere.
  • Compensation in line with ING’s internal rules.
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