Intern - Financial Risk Officer IRRBB

As a Financial Risk Officer specializing in Interest Rate Risk in the Banking Book (IRRBB), you will play a crucial role in managing and mitigating financial risks for ING. You will be responsible for identifying, evaluating, controlling, monitoring, and reporting on financial risks, with a focus on interest rate risk. You will work closely with senior risk management and the 1st Line of Defence to ensure effective risk management at portfolio, and balance sheet levels.

The Team

You will work in the Banking Risk tribe within the Financial Risk department, contributing to the worldwide management of market risks that affect ING Group’s consolidated balance sheet. You will work in a dynamic international corporate environment with professional colleagues who continually challenge each other to achieve the best results.

Roles and Responsibilities:

• Support IRRBB chapter in Identifying, analysing, and quantifying interest rate risk for entire ING globally.
• Support in implementation of new regulations and risk systems for IRRBB. Further, provide active support in enhancing existing setup for IRRBB analytics and insights platforms.
• Perform data analysis, statistical modelling, and programming tasks to assess model performance and suitability.
• Support the preparation of power BI dashboard, documenting processes/findings, and support in resolving model validation/audit findings/
• Stay up to date with industry best practices, regulatory requirements, and emerging trends in model risk management.
• Provide support to senior risk management and the 1st Line of Defence in managing and reducing financial risks.

Your responsibilities:

• Optimizing Data processing, IRRBB risk system enhancement, IRRBB Risk dashboarding, IRRBB Analysis and Reporting - 65 %
• Gaining knowledge and experience in the ALM, IRRBB models - 25 %
• Interact with mentors - 10 %

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.

We are looking for enthusiastic colleagues who enjoy performing quantitative analyses, writing & defending high quality validation reports, and have an intrinsic curiosity to continuously expand their knowledge. In particular, as a member of our team, you are:

• Available for 36 hours per week
• Enrolled in a Dutch university for the entire duration of the internship.
• Currently pursuing a master’s degree in a quantitative field, such as Econometrics, Mathematics, Physics, or a related discipline.
• Equipped with strong analytical and problem-solving skills, demonstrating a keen interest in quantitative analysis and modelling.
• Comfortable with programming languages such as Python, Power BI, R, enabling you to handle data and conduct analyses efficiently.
• Possessing a good understanding of statistical concepts and quantitative methods, providing a solid foundation for risk modelling.
• Exhibiting good written and verbal communication skills in English
• Proactive with the ability to work independently and collaborating effectively within a team environment.

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.

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).

Questions?

Contact the recruiter attached to the advertisement. 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.