Market risk is one of the most important risks faced by ING. The Change Squad within the Asset and Liability Management (ALM) team of Model Development is responsible for creating market risk mathematical models, implementing them in ING systems, and interacting with locations worldwide regarding development and usage questions.
Role and responsibilities
Among other tasks, you will be involved in the enhancement of net interest income model, and maintaining and calibrating the existing interest rate models.
Working with mathematical methods to redesign and improve new and existing models
Assisting in translating mathematical ideas into easy-to-understand presentations so that users can make informed decisions
Working on the net interest income and/or interest rate models
How to succeed
To take on this challenging and rewarding opportunity, you’ll need:
To be a Master’s or third-year Bachelor’s student with a mathematical background (such as Econometrics)
The ability to explain mathematical concepts to users
A strong interest in programming
It would be helpful, but not required, if you have:
Knowledge of Python and/or object-oriented programming
NOTE: This internship requires being in the office in Amsterdam at least 2 days per week. Housing in Amsterdam and surrounding areas is very difficult to find and will be extremely expensive. These costs will not be covered by ING. Therefore, we will only consider candidates currently living in the Netherlands or those who have access to housing in the Netherlands. Only students on a Dutch University, or EU citizens on a European University will be allowed. Non-EU citizens on non-Dutch Universities are not allowed due to Visa restrictions.
Rewards and benefits
This is a great opportunity to work with highly skilled people who are experts in their field. Next to this we can offer
• Flexibility to work from home next to 2 days the office in Amsterdam
• Internship allowance of 700 euros based on a 36 hour work week
Questions?
Contact Maciej Karczmarczyk (maciej.karczmarczyk@ing,com) for more information about this opportunity. Ready to apply? Use the link below to upload your motivation letter and CV.
About our internships
Every year, more than 500 students join our internship program. While there are no guarantees about your future, many of our former interns move into a permanent role or onto our International Talent Programme (traineeship).
Whatever happens, an internship at ING is the ideal opportunity to meet a wide variety of people, to build up your own network, and to learn about many different aspects of banking – put simply, it’s a great start to your career.
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