ALM Model Development Internship

We’re 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 assets and liabilities products.

• Develop and maintain ALM models for assets and liabilities, including data input, model calibration, and scenario analysis.
• Collaborate with the MD ALM team to develop behavioural models that capture customer 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 the ALM team to identify potential areas of risk or opportunity.
• Help prepare presentations and reports for internal stakeholders.

• Currently in the final year of pursuing a degree in Econometrics, Quantitative Finance, Mathematics, Statistics, Computer Science, or a related field.
• Hold student status throughout the duration of the internship.
• Available for at least 6 months.
• Studying at a Dutch university (non‑EU citizens on non‑Dutch universities are not allowed due to visa restrictions).
• Familiar with financial modelling techniques.
• Proficient in coding, preferably Python.
• Excellent written and verbal communication skills.
• 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).

• 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.

• Internship allowance of €700 based on a 36‑hour 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.