ALM Model Development Internship

at ING

📍 Amsterdam, Netherlands

EUR 8,400 per year

INTERN

✅ Hybrid

✅ Visa Sponsorship

🕙 36 hours per week

Used Tools & Technologies

Not specified

Required Skills & Competences
Tag name is followed by "@" symbol and proficiency level value. About proficiency levels:

1-2 — basic awareness. Minimal hands-on experience, and a rudimentary understanding of the technology's purpose;

3-6 — daily use. Comfortable and regular usage, capable of handling common tasks and challenges related to the technology;

7-9 — you are an expert, you can teach others, you know all the pitfalls and tricks;

10 — exceptional knowledge, comprehensive understanding, and adeptness in all aspects of the technology, including advanced problem-solving. Think twice before claiming or demanding such level.

Python @ 5 Statistics @ 3 Communication @ 3 Mathematics @ 3 Stress Testing @ 3 Agile @ 3

Details

We are looking for a motivated individual to assist with the development and implementation of asset-liability management (ALM) models. As an intern, you'll work closely with our ALM team to support the development of financial projections and scenarios for various assets and liabilities products.

Responsibilities

Develop and maintain ALM models for assets and liabilities, including data input, model calibration, and scenario analysis.
Collaborate with the MD ALM team to develop behavioural models that capture customer behaviour over time.
Conduct sensitivity analysis and stress testing of the ALM models to assess the impact of various risk factors on the financial projections.
Analyze results with the ALM team to identify potential areas of risk or opportunity.
Help prepare presentations and reports for internal stakeholders.

Requirements

Currently in the final year of pursuing a degree in Econometrics, Quantitative Finance, Mathematics, Statistics, Computer Science or a related field. Student status must be maintained throughout the internship.
Available for at least 6 months.
Studying at a Dutch university (non-EU citizens on non-Dutch universities are not allowed due to visa restrictions).
Familiar with financial modelling techniques.
Proficient in coding, preferably Python.
Excellent written and verbal communication skills.

What we offer

The opportunity to gain practical experience in ALM modelling.
A step towards an international career at ING with a quantitative basis.
A dynamic and agile working environment.

Rewards and benefits

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.

Additional information

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).
More than 350 students join ING's internship program each year; many former interns move into permanent roles or traineeships.