Model Risk Intern
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Job Location:
Amsterdam - Netherlands
Monthly Salary:
Not Disclosed
Posted on:
3 days ago
Vacancies:
1 Vacancy
Job Summary
Position: Model Risk Management Intern
Join INGs Model Risk Management Department as an intern and gain valuable experience in the dynamic field of model risk management. As an intern you will have the opportunity to work with a diverse and energetic team of highly qualified professionals contributing to the validation and improvement of risk models used across ING.
About the Model Risk Management Department:
The Model Risk Management Department plays a vital role in safeguarding the quality and reliability of models used throughout ING. Models are critical for decision-making processes across various risk domains. The departments mission is to ensure that these models are fit for purpose comply with regulations and provide accurate insights for effective risk management.
The department is composed of five different tribes. The Model Risk Oversight (MRO) tribe is responsible for the design and implementation of INGs global Model Risk Management (MoRM) framework and tooling which scope covers all models used within ING Bank worldwide. Our mission is to ensure our organization effectively controls monitoring and reporting on model risk employing a consistent and comprehensive approach across model life cycle.
What youll do:
1. Contribute to Model Risk portfolio management and framework:
- Assist in reviewing the model risk management policies and procedures
- Assist in the oversight of the implementation of the Model Risk Management framework for all modelling domains
- Support in operational activities related to the model inventory and data maintenance
- Support in strategic projects
2. Collaborate with Cross-functional Teams:
- Engage in discussions with model owners developers and other stakeholders to understand the model risk management requirements.
- Collaborate with professionals in your tribe and cooperate towards a common goal.
3. Stay Informed and Learn:
- Stay up to date with industry best practices regulatory requirements and emerging trends in model risk management.
- Actively participate in training sessions knowledge-sharing activities and workshops organized within the department.
Who are we looking for
We are looking for enthusiastic colleagues who enjoy performing quantitative analyses writing & defending high quality validation reports and have an intrinsic curiosity to continuously expand their particular as a member of our team you are:
- Available for 36 hours per week
- Enrolled in a Dutch university for the entire duration of the internship.
- Currently pursuing a masters degree in a quantitative field such as Econometrics Mathematics Physics or a related discipline.
- Equipped with strong analytical and problem-solving skills demonstrating a keen interest in quantitative analysis and modeling.
- Comfortable with programming languages such as Python R or SAS enabling you to handle data and conduct analyses efficiently.
- Possessing a good understanding of statistical concepts and quantitative methods providing a solid foundation for risk modeling.
- Exhibiting excellent written and verbal communication skills in English
- Proactive with the ability to work independently and collaborating effectively within a team environment.
Why join us
- Gain hands-on experience in model risk management and validation within a leading global bank.
- Work alongside experienced professionals and learn from their expertise in various risk domains.
- Contribute to the ongoing improvement and enhancement of risk models across ING.
- Explore a wide range of models and risk areas expanding your knowledge and skill set.
- Embrace a culture of innovation continuous learning and professional development.
Next steps
Excited to join our Model Risk Management Departments mission and gaining practical experience in the field of model risk management Apply today! and help us shape the future of risk management in the banking industry.
In our selection process we aim to get to know you better and understand your ambition. Share your CV and a cover letter where you let us know which model risk tribes you want to join. Please note that the Banking Book Tribe is currently not hiring interns. Are you applying for a thesis intern position Let us know your research topic in your cover letter!
If your application resonates with us we like to welcome you to our office for a paper MCP test and two rounds of interviews. Well test your knowledge on basic math statistics and programming in the test and the first the last interview we like to understand a bit better who you are beyond your resume. Eager to grow challenge and be challenged Then we like to see your application!
Required Experience:
Intern
Key Skills
- Python
- C/C++
- Fortran
- R
- Data Mining
- Matlab
- Data Modeling
- Laboratory Techniques
- MongoDB
- SAS
- Systems Analysis
- Dancing
About Company
ING Global Career Opportunities - Welcome to 'careers at ING'. We give you the space to develop yourself as an intern, trainee and professional. Check out our opportunities. Jump on!
