Internship Quantitative Risk Management (Interest Rate Risk & ALM)

Location: CDR (Amsterdam - Cedar), Netherlands; hybrid working

Internship allowance: €700 based on a 36-hour work week

Company

hirify.global supports banking, financial risk, treasury, and quantitative modelling activities across ING's international operations.

What you will do

• Support projects involving Interest Rate Risk in the Banking Book (IRRBB) and Asset & Liability Management (ALM).
• Contribute to behavioural modelling for savings, mortgages, and other retail banking products.
• Perform data analysis, quantitative analysis, sensitivity analysis, and stress testing.
• Develop models, analytical tooling, and process improvements.
• Prepare clear analyses and practical insights for risk and management discussions.
• Collaborate with Financial Risk, Treasury, modelling specialists, and local risk teams across multiple countries.

Requirements

• Currently in the final year of a Master's degree in Econometrics, Quantitative Finance, Economics, Finance, Business Analytics, or a related quantitative discipline.
• Strong analytical and problem-solving skills, with an interest in data and quantitative methods.
• Programming experience, preferably in Python.
• Ability to structure complex issues and translate analyses into clear, practical insights.
• Availability for a full-time internship for a minimum of six months.
• Must be enrolled at a Dutch university, or be an EU citizen enrolled at a European university; non-EU students studying outside the Netherlands cannot be considered.

Culture & Benefits

• Exposure to quantitative risk management within a major European bank.
• Hands-on experience with interest rate risk, behavioural modelling, and balance sheet management.
• Collaboration with specialists across multiple countries and disciplines.
• Hybrid working that combines home working for focus with office working for collaboration.
• Internship allowance of €700 based on a 36-hour work week and a company laptop.
• Personal growth, challenging work, and an informal environment with innovative colleagues.