Internship - Interest Rate Risk in the Banking Book (IRRBB) team

The Interest Rate Risk in the Banking Book (IRRBB) team within ING's Banking Risk tribe in Amsterdam is responsible for the global management, identification, evaluation, control, and reporting of interest rate risks affecting ING Group’s consolidated balance sheet. Working in close collaboration with senior risk management and the First Line of Defence, the team ensures robust risk management at both portfolio and balance sheet levels. As a quantitative intern, you will support the IRRBB chapter through monthly reporting and analysis cycles, deepening your knowledge of Asset & Liability Management (ALM) and IRRBB modeling. You will leverage Python and Power BI to optimize risk systems, build analytical tools, and design reporting dashboards. In addition, you will apply Generative AI (including Copilot and Python-based tools) to solve complex data analytics and financial risk problems. The ideal candidate is pursuing a Master’s degree in a quantitative field such as Econometrics, Mathematics, Physics, or Engineering, and possesses strong skills in Python coding, refactoring, and data engineering.