Quantitative internship

REQ-10088769
21/01/2025
Trainee
Amsterdam, Netherlands

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General

Market risk is one of the most important risks faced by ING. The Change Squad within the Asset and Liability Management (ALM) team of Model Development is responsible for creating market risk mathematical models, implementing them in ING systems, and interacting with locations worldwide regarding development and usage questions.

Role and responsibilities

Among other tasks, you will be involved in the enhancement of net interest income model, and maintaining and calibrating theexisting interest rate models.

Working with mathematical methods to redesign and improve new and existing models

Assisting in translating mathematical ideas into easy-to-understand presentations so that users can make informed decisions

Working on the net interest income and/or interest rate models

How to succeed

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

To be a Master’s or third-yearBachelor’s student with a mathematical background (such as Econometrics)

The ability to explain mathematical concepts to users

A strong interest in programming

It would be helpful, but not required, if you have:

Knowledge of Python and/or object-oriented programming

NOTE: This traineeship requires being in the office in Amsterdam at least 2 days per week. Housing in Amsterdam and surrounding areas is very difficult to find and will be extremely expensive. These costs will not be covered by ING. Therefore, we will only consider candidates currently living in the Netherlands or those who have access to housing in the Netherlands. Only students on a Dutch University, or EU citizens on a European University will be allowed. Non-EU citizens on non-Dutch Universities are not allowed due to Visa restrictions.

Rewards and benefits

This is a great opportunity to work with highly skilled people who are experts in their field. Next to this we can offer

• Flexibility to work from home next to 2 days the office in Amsterdam

• Internship allowance

Questions?

Contact Maciej Karczmarczyk (maciej.karczmarczyk@ing,com)for more information about this opportunity. Ready to apply? Use the link below to upload yourmotivation letter and CV.

About our internships

Every year, more than 500 students join our internship program. While there are no guarantees about your future, many of ourformer 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.

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ING’s vision is to unlock our people’s full potential through our inclusive culture where everyone has the opportunity to develop and have impact for our customers and society. To achieve this vision, our policies support diversity, equity, and inclusion. As an equal opportunity employer, we do not tolerate discrimination of any kind with regard to age, gender, gender identity, cultural background, experience, religion, race, ethnicity, disability, family responsibilities, sexual orientation, social origin, or any other status protected by applicable law. If you require any assistance or if we can accommodate you in any way when participating in our application and/or interview process, please email the recruiting contact listed for the relevant position. We will be happy to work with you to ensure a fair and accessible process. Read more about our commitment to diversity, inclusion and belonging here.