Market Risk Management Intern

Project name and description

ING NL is currently executing the biggest migration in the Dutch mortgages market ever. In the so called Morse project, the administration of mortgages, the biggest portfolio of Retail NL, will be transferred to the external service provider Stater. Next to that, ING’s outdated mortgage data landscape will be redeveloped. This is an immense job and as such the whole ING organisation, including the Market Risk Management tribe (MRM), is affected.

The team

Within MRM a project oriented squad is launched, the Morse MRM squad, to adapt its market and liquidity risk framework. This is done to safeguard its modeling, reporting and hedging activities. The challenge of the Morse MRM squad is to deliver in a complex environment, with many stakeholders and with high stakes involved.

Roles and responsibilities

As an intern you will participate in the redevelopment of one of our mortgage data flows (on-balance, offers or prepayments data).

Together with one of senior colleagues you will investigate changes to our data deliveries by the Stater migration and the data landscape redevelopment. In consultation with our data delivering party (Data management) you need to make sure that MRM gets the input that is required.

As a next step, you and your colleague need to adapt our framework (data processing and tooling) for occasions where data management cannot meet our requirements.

Lastly, you and your colleague need to assess the impact on our modelling, risk measurement and hedging of certain changes. Relevant impact needs to be presented to, and approved by, our Asset and Liability Committee, in which a.o. our CEO, CRO and CFO have a seat.

How does the introduction for the trainee look like?

From the first day of your assignment, you will be connected to one of our colleagues in the squad. He or she will serve as a buddy, and makes sure that you will be properly introduced to our squad and the rest of the MRM Tribe. Your buddy will be there for all your questions on content and on the softer side of things.

We work agile, as such we will include you from your start in a lot of agile ceremonies which will help you to get-up-to speed quickly. Next to that, you will learn rapidly from working together with a senior colleague.

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.

Specific Knowledge/Skills Required:

Our doors are always open for people with either a quantitative background, preferably in Financial Risk management, or people who like to work on data.

Most important however is that we like to employ people that are eager to learn everything about Market risk management!

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).

Application

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.