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Intern for Market Risk Management for ING’s consolidated Trading Book
internship · Risk & Compliance
We are hiring an intern to help us with our market risk management for ING’s consolidated trading book! As such, you will be assisting us with monitoring the consolidated market risk figures, analysing trends and spikes in the trading portfolio, driving/implementing global market risk initiatives and monitoring (the performance) of our market risk models.
The team
As part of Financial Risk, the scope of Trading Risk Management is ING’s Financial Markets (trading) business. Within Trading Risk Management, the Market Risk, Capital & Performance team (MRCP) is responsible for monitoring, analysing and reporting on global market risk, including related regulatory and economic capital, and performance of the trading activities.
The MRCP team is an energetic international team of 7 professionals. The team has an open culture and a strong focus on teamwork (including agile way of working). We work closely with many internal parties such as trading risk managers globally, finance, IT, model validation, audit, senior management and external parties like regulators, supervisors and industry associations.
We work in a dynamic environment, balancing daily measurement and analysis with the rapid changes in the financial markets and increasing demands from the regulators.
Roles and Responsibilities
You will assist us in managing ING’s market risk in the consolidated trading book:
- You will contribute to our daily monitoring, measuring, managing and advising on the market risk of the ING Bank trading portfolio. You will work with concepts such as Historical Value at Risk, Stressed Value-at-Risk, Risks Not in Model from a risk management perspective as well as from a capital calculation perspective.
- You will contribute to analyses of trends, spikes and outliers in our consolidated market risk figures.
- You will contribute to (parts of) market risk-related internal initiatives as well as to implementing upcoming regulatory changes, such as the Fundamental Review of the Trading Book.
- You will contribute to monitoring the trading risk models that we own and use.
- You may look into how AI can help us improve the efficiency of our processes and the quality of our deliverables.
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.
The candidate we are looking for has:
- A Bachelor’s degree in Quantitative Finance, Econometrics, Applied Mathematics or similar and is currently enrolled in a Master’s program.
- Good analytical capabilities
- A getting-things-done mentality
- Great team working and stakeholder management skills
- Excellent communication, both verbally and in writing
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
- A collaborative and innovative work environment
- Hybrid working to blend home working for focus and office working for collaboration and co-creation
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).
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.