WO internship - Model Risk Management Credit Risk

Deze stage is niet meer vacant

ING is looking for Interns

The Credit Risk Team is an energetic international team of highly qualified professionals within the Model Risk Management department. This fast growing team is responsible for validating the risk models used by ING worldwide. We assure that models are appropriate for intended use and compliant with internal policies and external regulations. Our goal is to increase the ING’s understanding of a model’s limitations & weaknesses and contribute to ongoing model improvement to ensure the added value of models.

What does a Risk Professional at ING?
ING uses quantitative models for a large number of purposes and form an integral part of our strategy. You will be working with models that are used globally to measure and manage Credit Risk at ING Bank. In particular, the models in scope are used for calculations of the Loan Loss Provisions (IFRS9) as well as the Regulatory (Basel II) Credit Capital. In addition, the team has the ambition to expend the scope to non-regulatory models such as underwriting models, pricing and early-warning systems.

Who can apply?
This program is open to final year MSc graduate students from any field of applied sciences, such as Econometrics, Engineering, Statistics, Mathematics, Physics, Computer Science or another quantitative/numerical field. Knowledge of Excel and statistical programming packages such as SAS or any other programming language is required. Candidates must be highly motivated, analytical, detail oriented, able to work independently or in teams, and have excellent oral and written communication skills.
The internship is open for both students willing to gain working experience and students interested in performing their Msc thesis research at a financial institution. Together we can define the research topic.

Length: minimum 4 months
Start date: by arrangement
Location: Amsterdam, the Netherlands
A cover letter, resume, and transcript must be submitted in order to be considered for the position.

We offer:
•The opportunity to gain practical experience within the Credit Risk Management area, in particular Credit Risk modelling, i.e. Probability of Default (PD), Loss Given Default (LGD) and Exposure at Default (EAD) models;
•A challenging and highly interesting role in assessing quantitative models and methods for credit risk; and
•Possibility of a position in the Career Start program after successfully completing the internship and finishing your studies.

We are looking forward to receiving your application!

Apply directly online by clicking on “Apply for this job”.
For more information, please contact Kamila Falana, kamila.falana@ing.com.
For more information about careers at ING, check: www.ing.com.

Stage informatie

Organisatie: Organisatie: ING

Locatie: Amsterdam

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