ING is looking for a Market Risk Intern!

The Team

As the Market Risk Management team of ING NL we are an energetic team of highly qualified professionals, responsible for managing the balance sheet of ING NL. We do this by hedging our interest rate and liquidity risks in close cooperation with the ING Group Treasury department. We maintain close relations with our business stakeholders, advise them on product and pricing changes and make them aware of all relevant (macro-economic) trends and consequences such as the developments of the interest rates in the market.

Our Market Risk Management team consists of about 30 experts, determined to advise our business stakeholders to deliver on our purpose to achieve sustainable progress for all. Client behaviour is crucial to us and we use lots of data to explore, model and forecast it with state-of-the-art modelling methods and technologies. The position offers excellent opportunities to broaden your market risk / asset & liability management and data analytics competencies while further developing your soft skills by advising and collaborating with our stakeholders. We work in an agile way and we believe that empowerment is crucial for you to flourish and be successful.

Besides our core ALM activities, our team is involved in strategic programs such as the transfer of the mortgages administration to STATER. Hence, this position offers opportunities to contribute to these impactful change programs as well.

What does a Market Risk Professional at ING do?

We are looking for a colleague who wants to develop a successful career in managing market risks.

• You will become responsible for managing roughly EUR 150-180 bio. of assets and liabilities contributing to around one-third of the overall ING P&L. You will perform this responsibility in one of our squads.
• Your main task is to hedge the balance sheet in order to realise a stable margin and Net Interest Income for ING. The hedges are largely dependent on client behaviour, so you will monitor and model the behaviour and spot emerging trends to pro-actively manage the interest rate risk.
• Because our hedges influence the cost price of our products, you will be asked for advice by the business tribes in pricing and product decisions. In doing so, you have to know all the details of our product offerings (mortgages, savings, current accounts, business loans, consumer loans). 
• You will play a central role within ING and your activities will impact ING’s overall P&L. Your success will depend on your ability to maintain good relations with our stakeholders, i.e. CRO NL divisions, Finance, the Business Tribes, Group Financial Risk, Model Validation, Group Treasury and also our external stakeholders ECB, DNB and the external auditor of ING.
• You take part – directly or indirectly – in the migration of our mortgages administration to STATER.

How to succeed

We hire smart people like you for your potential. Our biggest expectation is that you’ll stay curious. Keep learning. Take on responsibility. In return, we’ll back you to develop into an even more awesome version of yourself.

To take on this challenging and rewarding opportunity, you’ll need: 

• We are looking for curious and energetic interns that are able to work independently to some extent with guidance of one of our team members.
• You are currently in or have finalized a econometrics, quantiatitve finance or related study.
• Preferably, you have some experience in working with Excel and/or SQL.

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 a 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).

Questions?

Contact the recruiter attached to the advertisement for more information. Want to apply directly? Please upload your CV and motivation letter by clicking the “Apply” button.

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.