Internship - Monte Carlo Models for Counterparty Credit Risk

Location: CDR (Amsterdam - Cedar), hybrid working. During the internship, enrollment at a Dutch university is mandatory, or at an EU university for EU passport holders.

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

Company

hirify.global hosts an international Counterparty Credit Risk team responsible for simulation-based models used in financial risk measurement and capital calculations.

What you will do

• Monitor the performance, scope, and assumptions of Monte Carlo models for Potential Future Exposure and Pillar II Exposure at Default.
• Use Python, SQL, and data-analysis tools to process large datasets and automate recurring analyses.
• Support quantitative assessments of non-simulated risks, model convergence, and calibration stability.
• Document methodologies, assumptions, results, and conclusions in monitoring reports and presentations.
• Collaborate with model developers and implementers on requirements, testing, and process improvements.
• Explore advanced analytics and AI for more efficient model-risk monitoring, testing, and reporting.

Requirements

• Enrollment in a Master’s programme at a Dutch university, or at an EU university for EU passport holders, is mandatory throughout the internship.
• Study in Quantitative Finance, Econometrics, Mathematics, Physics, Data Science, Computer Science, or a related quantitative field.
• Experience with Python; knowledge of pandas, NumPy, SQL, statistics, or data visualisation is advantageous.
• Strong analytical and problem-solving skills with the ability to translate complex results into clear conclusions.
• Clear communication in English, both verbally and in writing.
• Basic knowledge of counterparty credit risk, derivatives, financial modelling, or Monte Carlo simulation is preferred.

Nice to have

• Knowledge of counterparty credit risk, derivatives, financial modelling, and Monte Carlo simulation.
• Experience with pandas, NumPy, SQL, statistics, or data visualisation.

Culture & Benefits

• Hybrid working combining home working with office collaboration.
• Training and practical development with experienced risk specialists, model developers, and IT colleagues.
• Personal growth through challenging work in an informal, collaborative, and agile environment.
• Work laptop provided.

Hiring process

• Submit a CV and motivation letter through the application process.