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.

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.

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

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).

Want to apply directly?

Please upload your CV and motivation letter by clicking the ‘Apply’ button

About our internships

Every year, more than 350 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.

Die ING ist eine globale Bank mit über 60.000 Mitarbeitenden. Wir sind für rund 38 Millionen Privat-Kundinnen und Kunden sowie für unsere Geschäfts- und Firmenkunden in über 40 Ländern da. Wir sind bunt, vielfältig, digital und stolz darauf. Lust uns kennenzulernen? Dich erwartet eine Kultur auf Augenhöhe, flexible Arbeitsweisen und die Chance, mit einem Job wirklich etwas zu verändern. Denn als globale Bank berühren wir das Leben von Millionen Menschen und wir streben danach einen positiven Einfluss auf die Gesellschaft und auf unseren Planeten zu haben. Selbstbestimmtes Arbeiten ist unser täglich Brot: Wir vertrauen unseren Mitarbeitenden und ermutigen sie, ihr Ding zu machen – also ihre Karriere so zu gestalten, wie es für sie am besten ist. Wir sind mehr als ein Arbeitgeber – wir sind innovativ, lösen Probleme, sind immer einen Schritt voraus und setzen uns dafür ein, einen echten Unterschied zu machen. Egal, ob Du gerade Deine Karriere startest oder die nächste große Herausforderung suchst, wir haben viele Jobmöglichkeiten, die Dich inspirieren und über Dich hinauswachsen lassen. Deine Zukunft bei der ING beginnt mit einer Bewerbung. Bist du bereit, Teil der ING zu werden? Wir haben viele Jobmöglichkeiten, die zu Deinen Fähigkeiten und Ambitionen passen! Verwende die Filter unter der Suchleiste, wie Standort und Jobtyp, um die perfekte Stelle zu finden. Starte jetzt mit der Suche und finde heraus, wohin Dich Dein nächster Karriereschritt führen könnte!

Intern - Market Risk Management