Internship Model Validation

ING Nederland; Amsterdam; Hybrid; EUR 7,300 - 8,400; Part time

Benefits offered by this job

Internship allowance 700 EUR

Laptop provided

Hybrid work arrangement

Personal growth opportunities

Friendly, informal environment

Job summary

ING Nederland in Amsterdam invites MSc students to join its Model Risk Management Department as interns, contributing to validation and improvement of risk models used across ING.

You will work with a diverse, energetic team to conduct literature research, analyze data, develop and evaluate models, and present findings to stakeholders, culminating in an MSc thesis.

Qualifications

• Enrolled in an MSc program in a related field.
• Strong analytical and problem-solving skills.
• Experience with Python, R, or similar tools.
• Interest in ML and data modelling.
• Good English communication.
• Curious, proactive, and eager to learn.

Responsibilities

• Conduct literature research related to financial crime detection and machine learning.
• Analyze large datasets to identify patterns and trends.
• Develop and evaluate statistical or machine learning models.
• Assess model performance and explainability.
• Present research outcomes to technical and non-technical stakeholders.
• Deliver an MSc thesis based on your research project.

Skills

Python

R

Analytical thinking

Problem solving

English communication

Curious/eager to learn

Education

MSc program in Data Science / AI / CS / Econometrics / Stats / Math / Physics

Job description

Join ING's Model Risk Management Department as an intern and gain valuable experience in the dynamic field of model risk management. As an intern, you will have the opportunity to work with a diverse and energetic team of highly qualified professionals, contributing to the validation and improvement of risk models used across ING.

About The Model Risk Management Department

The Model Risk Department plays a vital role in safeguarding the quality and reliability of models used throughout ING. Models are critical for decision-making processes across various risk domains. The department's mission is to ensure that these models are fit for purpose, comply with regulations, and provide accurate insights for effective risk management.

What You Will Do

• Conduct literature research related to financial crime detection and machine learning.
• Analyze large datasets to identify patterns and trends.
• Develop and evaluate statistical or machine learning models.
• Assess model performance and explainability.
• Present your research outcomes to both technical and non-technical stakeholders.
• Deliver an MSc thesis based on your research project.

What We Are Looking For

• Currently enrolled in an MSc program in Data Science, Artificial Intelligence, Computer Science, Econometrics, Statistics, Mathematics, Physics, or a related field.
• Strong analytical and problem-solving skills.
• Experience with Python, R, or similar analytical tools.
• Interest in machine learning and data modelling.
• Good communication skills in English.
• Curious, proactive, and eager to learn.

Why join us?

• Gain hands‑on experience in model risk management and validation within a leading global bank.
• Work alongside experienced professionals and learn from their expertise in various risk domains.
• Contribute to the ongoing improvement and enhancement of risk models across ING.
• Explore a wide range of models and risk areas, expanding your knowledge and skill set.
• Embrace a culture of innovation, continuous learning, and professional development.

Rewards And Benefits

This is a great opportunity to train with highly skilled people who are experts in their field. You’ll do a lot and learn a lot – not only about your specialist area and the bank, but also about yourself and whether this type of environment is right for you.

• Internship allowance of 700 EUR based on 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 endless possibilities
• An informal working environment with innovative colleagues

During the duration of your internship at ING, it is mandatory to be enrolled at a Dutch university (or EU-university for EU passport holders).

About Our Internships

Every year, more than 350 students join our internship program. While there are no guarantees about your future, many of our former interns move into a permanent role or onto our International Talent Programme (traineeship).

Whatever happens, an internship at ING is the ideal opportunity to meet a wide variety of people, to build up your own network, and to learn about many different aspects of banking – put simply, it’s a great start to your career.