Intern ALM model development in Amsterdam

What does a ALM Model Development Intern at ING do?

You will become responsible for developing the ALM models of ING globally. The models ensure accurate hedging of interest rate risks in the commercial books (e.g. wholesale lending, mortgages, savings, current accounts) and a sufficient capital base to cover for losses of unexpected market rate movements (e.g. FX, interest).

You will perform your responsibility in the ALM Model Development team. The team comprises of thirty members. The team is organised in five squads and operates in an agile way. Three squads are based in Amsterdam and two squads are based in Warsaw. You will be allocated to one of the Amsterdam squads. While your career progresses, you will get the opportunity to widen your scope and rotate between the different squads.

The model development projects are run with various stakeholders and experts throughout the bank and across the globe. You will be - together with your squad members - responsible to manage the project(s), facilitate the right decision making and meet the timelines with high quality deliveries. Deliveries generally result in a code base, technical model description, user acceptance documentation and presentation summary for senior stakeholders. Besides projects, you are also responsible to advice on specialised modelling topics.

We are looking for you if:

• You are a 4th or 5th year student or graduate in the field of Mathematics, Financial Engineering, Econometrics, Statistics, Mathematics, Physics or similar

• You are looking for an internship position for at least 6 months, starting between September 2022 and January 2023

• You have a solid understanding of advanced statistical techniques and financial mathematics (e.g. valuations, Hull-White)

• You have experience in programming languages, preferably Python

• You have a natural interest in the world of finance, financial markets and its developments
   

Additionally, you should have

• Excellent analytical skills with a strong attention to detail

• Great team player and communication skills

• A strong drive to learn and deliver high-quality work under pressure

• And of course you should be fluent in English
   

Furthermore, you should adhere to the ING values and it is evident for you that your behaviour is fully aligned with these values. You should  also be prepared to take the Banker's Oath.

For more information, please visit
 

What we offer

• A step towards an international career at ING with a quantitative basis

• A dynamic and agile working environment

• The possibility to improve yourself through a wide range of trainings and courses
   

Are you interested?

Apply for this job now! For further inquiries, please contact Bernardo Kok, Chapter Lead ALM Model Development, via bernardo.kok@ing.nl.

We are looking forward to receiving your application!

For more information on vacancies, please check www.ING.nl/carriere