Quantitative Market Risk Intern

at ING

📍 Milan, Italy

EUR 18,000 per year

INTERN

✅ Hybrid

✅ Visa Sponsorship

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

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Communication @ 6 Data Analysis @ 1 Mathematics @ 3 Payments Python @ 3

Details

ING Bank Italy is looking for a Quantitative Market Risk Intern to join the Market Risk department in Milan. The internship provides an opportunity to apply quantitative methods to market risk, pricing, and behavioural modelling challenges in an international banking environment.

Responsibilities

Monitor, measure, analyse, and report market risk and liquidity risk indicators and limits to support risk oversight of the bank's balance sheet.
Gather data and perform calculations and analytical pre-work for pricing, valuation, and behavioural analysis of balance-sheet products.
Contribute to integrated market and liquidity risk assessments.
Design and build an advanced forecasting model of customer behaviour under different product characteristics and market scenarios.
Apply quantitative techniques to real business problems with guidance from senior team members.

Requirements

Master's degree in Econometrics, Mathematics, Quantitative Finance, Physics, or a related quantitative discipline, either completed or close to completion.
Basic understanding of financial mathematics and financial markets, including bank balance sheets, market risk, and liquidity risk concepts.
Good programming skills in Python.
Experience with data analysis and modelling is a strong advantage.
Ability to work with data using Excel.
Knowledge of SAS, VBA, or similar tools is a plus.
Strong written and verbal communication skills in English, with working proficiency.

Benefits

Opportunity to work on financial risk methodologies and regulatory frameworks.
Collaboration in an international environment with headquarters and global experts.
Flexible smart working in a hybrid environment.
Diverse and inclusive workplace.
Training and development opportunities.
Physical and mental well-being initiatives.
Special birthday day off.
Free water and coffee at the office.
Exposure to ING's sustainability and ESG practices.

Additional Information

Location: Milan, Italy.
Full-time position.
ING uses Workday as its internal recruitment system. Applications should be submitted through the official ING career site. Legitimate communications come from @ing.com and/or @myworkday.com. ING will not request payments or banking details during the application process.