The Market Risk Management of ING

We are responsible for managing the balance sheet of ING NL. We do this by hedging our Interest Rate and Liquidity risks in close cooperation with Group Treasury. We maintain close relations with our business stakeholders, advise them on product and pricing changes and make them aware of all relevant (macro-economic) trends and consequences.

The Team

We use state-of-the-art risk and client behavior modelling methods and technologies to explore, analyse, and leverage data. The department consists of an energetic team of ca. 30 highly qualified international professionals. We have an Agile way of working and believe that empowerment is crucial for you to be successful.

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Responsibilities

• You'll be working in the MRM team that models our customer behaviour
• Assist in maintaining and improving risk models and methodologies used within the Asset & Liability Management (ALM) framework, including behavioural models for assets and liabilities and scenario-based analyses.
• Prepare, analyse, and enhance risk reports used for internal risk steering and regulatory purposes (e.g. ALCO, IRRBB reporting, liquidity metrics), ensuring data consistency and transparency.
• Develop and improve data-driven solutions (e.g. Excel, SQL and Python) to support risk measurement, reporting automation and migration to target risk systems.
• Perform ad-hoc quantitative analyses to support decision-making on market risk topics such as interest rate scenarios, balance sheet sensitivities and customer behaviour impacts.
• Support the model lifecycle activities, including model monitoring, documentation and implementation improvements, in line with ING’s model governance framework.
• Contribute to strengthening the link between modelling, risk measurement and business decisions, by translating quantitative outputs into clear insights for stakeholders.
• Support second-line risk activities, including challenging assumptions, assessing model outputs and contributing to risk governance and control processes.
• Collaborate closely with stakeholders across Treasury, Finance, Risk and the business, gaining insight into how ING manages its balance sheet and market risks in practice.

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How to succeed
We hire smart people like you for your potential. Our biggest expectation is that you’ll stay curious. Keep learning. Take on responsibility. In return, we’ll back you to develop into an even more awesome version of yourself.

What we are seeking for:

• A Dutch university Master (MSc) student in Econometrics, Economics or other Finance/quantitative degrees
• You are a self-starter, result-driven and flexible with a ‘hands-on’ attitude
• A keen interest in Financial Markets, financial instruments and Market Risk
• Strong analytical skills with attention to detail and critical thinking
• Good IT skills (PowerBI, SQL)
• Excellent in written and verbal (English) communication skills
• Available for at least 5 months

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What we offer

• An internship of up to 36 hours for the duration of 5 months with a possibility to extend to a maximum of 10 months.
• The position offers excellent opportunities to get acquainted with Market Risk / Asset & Liability management and data analytics competencies while working on your soft skills
• A step towards an international career at ING with a quantitative basis

Rewards and benefits

This is a great opportunity to train with highly skilled people who are experts in their field. You’ll do a lot and learn a lot – not only about your specialist area and the bank, but also about yourself and whether this type of environment is right for you.

You’ll also benefit from:

• Internship allowance of 700 EUR based on a 36 hours work week
• Your own work laptop
• Hybrid working to blend home working for focus and office working for collaboration and co-creation
• Personal growth and challenging work with endless possibilities
• An informal working environment with innovative colleagues

During the duration of your internship at ING, it is mandatory to be enrolled at a Dutch university (or EU-university for EU passport holders).

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