Market Risk Management Intern

Details

ING is looking for a Market Risk Intern!

Team overview

As the Market Risk Management team of ING NL we are an energetic team of highly qualified professionals, responsible for managing the balance sheet of ING NL. We do this by hedging our interest rate and liquidity risks in close cooperation with the ING Group Treasury department. 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 such as the developments of the interest rates in the market.

Our Market Risk Management team consists of about 30 experts. We use lots of data to explore, model and forecast client behaviour with state-of-the-art modelling methods and technologies. The position offers opportunities to broaden your market risk / asset & liability management and data analytics competencies while further developing your soft skills by advising and collaborating with our stakeholders. We work in an agile way and believe that empowerment is crucial for you to flourish and be successful.

Besides core ALM activities, the team is involved in strategic programs such as the transfer of the mortgages administration to STATER, offering opportunities to contribute to impactful change programs.

Responsibilities

• Become responsible (within a squad) for managing roughly EUR 150-180 billion of assets and liabilities that contribute to around one-third of ING P&L.
• Hedge the balance sheet to realise a stable margin and Net Interest Income (hedges depend on client behaviour).
• Monitor and model client behaviour and spot emerging trends to proactively manage interest rate risk.
• Advise business tribes on pricing and product decisions, requiring detailed knowledge of product offerings (mortgages, savings, current accounts, business loans, consumer loans).
• Maintain relations with stakeholders: CRO NL divisions, Finance, Business Tribes, Group Financial Risk, Model Validation, Group Treasury, and external stakeholders such as ECB, DNB and external auditors.
• Participate directly or indirectly in the migration of mortgages administration to STATER.

How to succeed / Profile

We hire smart people for their potential. Key expectations:

• Stay curious, keep learning and take on responsibility.
• Work independently to some extent with guidance from team members.

Qualifications and skills (from the posting):

• Currently in or finalized a study in econometrics, quantitative finance or a related field.
• Preferably some experience with Excel and/or SQL.
• Ability to work independently as an intern and collaborate with stakeholders.
• Mandatory during the internship: be enrolled at a Dutch university (or EU university for EU passport holders).

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 learning opportunities.
• An informal working environment with innovative colleagues.

Additional information

• The role offers exposure to market risk, ALM, data analytics and modelling methods, and interaction with many internal and external stakeholders.
• Many former interns move into permanent roles or the International Talent Programme, though no guarantees are given.
• For questions or to apply, contact the recruiter attached to the advertisement and upload CV and motivation letter via the Apply button.