Paid Quantitative Risk Internship — AI & Derivatives

Coebank; Paris; On-site; EUR 18,000 - 22,000; Part time

Job summary

The Council of Europe Development Bank (CEB) offers an internship in its Risk & Control Directorate, Market Risk and Capital Management Unit. You will support quantitative modelling and the use of AI for model analysis, documentation, and process automation.

You report to the Head of the Market Risk & Capital Management Unit and collaborate across Risk & Control, Finance and IT. Internship is 6 months starting February 2027 with a monthly allowance of 1800 €.

Qualifications

• Strong quantitative, analytical and problem-solving skills.
• Proficiency in at least one programming language (Python or R) and knowledge of VBA/SQL/Git.
• Interest in financial risk modelling and ability to document work clearly.

Responsibilities

• Valuation control of derivatives pricing curves and CSA discount curves; rebuild and reconcile with Bloomberg.
• Build an in-house CVA tool for the derivatives portfolio, including exposure simulation and CVA sensitivities.
• Carry out quantitative analyses across ICAAP, provisioning (ECL) and liquidity stress testing with documentation of findings.
• Explore the use of artificial intelligence to support model analysis and process automation.

Skills

Python

R

VBA

SQL

Git

Education

Master’s degree in quantitative finance/related field

Tools

Bloomberg

Excel

Job description

The Council of Europe Development Bank (CEB) offers an internship in its Risk & Control Directorate, Market Risk and Capital Management Unit. You will support quantitative modelling and the use of AI for model analysis, documentation, and process automation.

You report to the Head of the Market Risk & Capital Management Unit and collaborate across Risk & Control, Finance and IT. Internship is 6 months starting February 2027 with a monthly allowance of 1800 €.