Quantitative Internship ALM Model Development (NMD focus)

ING is looking for a motivated individual to assist with the development and implementation of asset-liability management (ALM) models. As an intern, you'll work closely with our ALM team to support the development of financial projections and scenarios for various non-maturing deposit (NMD) products.

Roles and responsibilities

• Work on developing and maintaining ALM models for NMDs, including data input, model calibration, and scenario analysis.
• Collaborate with the NMD team to develop behavioural models for NMDs that capture customer deposit behaviour over time.
• Conduct sensitivity analysis and stress testing of the ALM models to assess the impact of various risk factors on the financial projections.
• Analyze the results with both the ALM and NMD teams to identify potential areas of risk or opportunity.
• Help prepare presentations and reports for internal stakeholders.

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.

Who are you?

• Currently in the final year of pursuing a degree in Econometrics, Quantitative Finance, Mathematics, Statistics, Computer Science or a related field
• Available for at least 6 months, starting in Sep 25
• Studying at a Dutch University (non-EU citizens from non-Dutch Universities cannot join due to Visa restrictions)
• Familiar with financial modelling techniques
• Proficient in coding, preferably Python
• Excellent in written and verbal communication skills

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

• The opportunity to gain practical experience in the field of ALM modelling

• A step towards an international career at ING with a quantitative basis

• A dynamic and agile working environment

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?
If you are passionate about finance, have a strong analytical background, and are interested in developing your skills in a dynamic and challenging environment, we encourage you to apply via the button below!

For further inquiries, please contact Ujjwal Kumar, Expert Lead – Liabilities Model Development, via Ujjwal.kumar@ing.com.

We are looking forward to receiving your application!

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.