INTERNSHIP - Market Risk Management
Published on 04/09/2024
ING Luxembourg
ING Luxembourg is looking for an intern for its Market Risk Management department.
This is an internship with an educational institution for a minimum period of 6 months.
Within the Risk department, the MRM “Market Risk Management” department supports the commercial lines in achieving their objectives in an environment where market risks are under control and in line with current regulations.
To this end, MRM is in charge of analyzing and monitoring market risks, i.e. the risk of loss resulting from unfavorable movements in market parameters such as interest rates, exchange rates, bond prices and so on.
Its mission is therefore to identify, measure, control risks and propose hedging strategies in order to manage them.
Job description:
As an intern, you will support the Treasury Controller in his daily tasks:
- Improvement and automation of recurring processes, in particular procedures in Cobol and VBA;
- Calculation and analysis of bank treasury results;
- Analysis of risk transfers in bankings books (Risk Transfer);
- Control and correction of pricing mechanisms and curves;
- Data reconciliations between Front Office, Risk and Finance systems.
Your profile:
Education:
3/5 IT degree with a strong interest in finance.
Skills :
- Ability to analyze and summarize;
- Keen interest in understanding the business model of a universal bank;
- Rigor and precision in work;
- Optimism and tenacity;
- Good knowledge of Excel and VBA
- Mastery of programming languages or a deep willingness to learn and immerse oneself in them (COBOL).
Languages :
Fluency in French.
English read and written.
Your working environment:
With over 1,000 employees in the Grand Duchy and thanks to the combination of our local presence and the strength of a robust multinational like ING, we offer our retail and professional customers a wide range of solutions through the channel of their choice.
ING is a global bank with a strong European base. 53,000 employees serve around 38.4 million customers, businesses and financial institutions in over 40 countries. Operating in the Grand Duchy of Luxembourg since 1960 as a universal and accessible bank, our products include savings, payments, investments, loans and mortgages for retail and private banking customers, whom we serve severely online and via our branch network. For our wholesale banking customers, we provide loans, sustainable finance, payment and cash management services, and fund services.
