Internship Quantitative Risk Management (Interest Rate Risk & ALM)

ING Nederland; Amsterdam; Hybrid; EUR 6,600 - 9,000; Full time

Benefits offered by this job

Internship allowance 700 EUR

Your own work laptop

Hybrid working

Personal growth opportunities

Informal working environment

Job summary

ING's Banking Risk internship offers exposure to quantitative risk management across a global bank. You will contribute to IRRBB work, behavioural modelling of retail products, and ALM analytics while collaborating with risk and modelling specialists in multiple countries.

The role focuses on data analysis, model development, and producing clear insights for risk discussions, with opportunities to develop technical and communication skills in a dynamic environment.

Qualifications

• Final year of pursuing a Master's degree in Econometrics, Quantitative Finance, Economics, Finance, Business Analytics, or related quantitative discipline.
• Strong analytical and problem-solving skills.
• Enjoy working with data and quantitative methods; programming experience preferred (Python).

Responsibilities

• Interest Rate Risk in the Banking Book (IRRBB) related work.
• Behavioural modelling of savings, mortgages and other retail products.
• Quantitative analysis in support of Asset & Liability Management (ALM).
• Data analysis and model development; developing analytical tooling.
• Prepare clear, insightful analyses for risk and management discussions.

Skills

Quantitative skills

Analytical mindset

Python programming

Data analysis

Problem solving

Education

Master's degree in Econometrics/Quantitative Finance/ Economics/ Finance/ Business Analytics

Tools

Python

Job description

The team

ING's Banking Risk department is responsible for measuring and managing Interest Rate Risk in the Banking Book (IRRBB) across the ING Group. As part of a global function, you will work closely with Financial Risk, Treasury and modelling specialists across multiple countries, including Belgium, Germany, Spain, Australia and other ING locations.

The team

ING's Banking Risk department is responsible for measuring and managing Interest Rate Risk in the Banking Book (IRRBB) across the ING Group. As part of a global function, you will work closely with Financial Risk, Treasury and modelling specialists across multiple countries, including Belgium, Germany, Spain, Australia and other ING locations. The team plays a key role in understanding and managing how customer behaviour, interest rate movements and balance sheet dynamics translate into financial risk. This offers a unique opportunity to gain exposure to banking, quantitative modelling, behavioural analytics and balance sheet management in an international environment.

What You Will Do

• Interest Rate Risk in the Banking Book (IRRBB)
• Behavioural modelling of savings, mortgages and other retail products
• Quantitative analysis supporting Asset & Liability Management (ALM)
• Data analysis and model development
• Process improvements and analytical tooling
• Sensitivity analyses and stress testing
• Preparing clear and insightful analyses for risk and management discussions

You will work closely with experienced professionals from Financial Risk, Treasury and local risk teams, supporting analyses that contribute to the management of ING's balance sheet and interest rate risk exposure.

What We Are Looking For

We are looking for a highly motivated student with strong quantitative capabilities, an analytical mindset and a genuine interest in banking and risk management.

You

• Are currently in the final year of pursuing a Master's degree in Econometrics, Quantitative Finance, Economics, Finance, Business Analytics, or a related quantitative discipline.
• Have strong analytical and problem-solving skills.
• Enjoy working with data and quantitative methods.
• Have programming experience, preferably in Python.
• Can structure complex issues and translate analyses into clear and practical insights.
• Are proactive, curious and solution-oriented.
• Are available for a full-time internship for a minimum of 6 months.
• Are studying at a Dutch university, or are an EU citizen enrolled at a European university. Due to visa restrictions, applications from non-EU students studying outside the Netherlands cannot be considered.

What We Offer

• Exposure to quantitative risk management within one of Europe's largest banks.
• Hands-on experience with interest rate risk, behavioural modelling and balance sheet management.
• Collaboration with specialists across multiple countries and disciplines.
• A challenging and international working environment.
• An opportunity to develop analytical, technical and communication skills that are directly relevant for careers in risk management, quantitative finance and banking.

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.

You’ll Also Benefit From

• 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.