Intern Model Risk Management

at ABN AMRO

📍 Amsterdam, Netherlands

EUR 9,000 per year

INTERN

✅ Hybrid

🕙 36-40 hours per week

Tech Stack
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.

Communication @ 3 Mathematics @ 3 Python @ 3

Details

ABN AMRO Financial Markets Model Risk (FMMR) is looking for an intern for a period of at least 3 months. The team validates models used for applications including OTC derivatives valuation and market risk calculation. The role combines financial markets, quantitative models, and IT.

Responsibilities

Validate valuation and risk models using advanced techniques.
Implement models into internal libraries.
Analyse the mathematical foundations of models.
Implement independent challenger models to assess performance.
Provide advice to senior management.
Contribute to model validation, implementation, and analysis activities.
Work with C++ and Python code running in the cloud.

Requirements

Be enrolled in the final year of a master's programme at a Dutch university.
Study a quantitative field such as applied mathematics, applied physics, or quantitative finance.
Have an excellent academic record.
Have a proven affinity with financial markets.
Have practical experience with Python or C++.
Have a strong interest in quantitative models and computer science.
Be analytically strong, intellectually curious, and eager to learn.
Be a team player with well-developed interpersonal and communication skills.
Relevant extracurricular activities and/or international experience are a plus.

The internship has a minimum duration of 3 months, with the possibility of extension up to 6 months.

Working Environment

You will join the 18-person Financial Markets Model Risk team in Amsterdam. The team works in a hybrid form from the office and home.

Benefits

Internship compensation of €750 per month.
Excellent employment conditions.
Support for personal and professional development.
The opportunity to work with experienced professionals in a professional corporate environment.

Application Process

Apply via the webpage with a CV and cover letter, including your grades in either document. The process includes online application, CV selection and feedback, interview(s), a possible assessment, a job offer, and onboarding.