Market Risk Intern

Job Overview

ING Bank Italy is looking for a Quantitative Market Risk Intern to join the Market Risk department at our office in Milan.

This internship offers a unique opportunity to apply quantitative methods to real market risk, pricing and behavioural modelling challenges, within a leading international bank.

You will be part of a highly analytical and international environment, gaining end‑to‑end exposure to Market Risk activities and contributing (with guidance from senior team members) to:

• Monitoring, measuring, analysing and reporting market risk and liquidity risk indicators and limits, supporting informed risk oversight of the bank’s balance sheet.
• Data gathering, calculations and analytical pre‑work for pricing, valuation and behavioural analysis of balance‑sheet products, contributing to integrated market and liquidity risk assessments.
• Designing and building an advanced forecasting model of customer behaviour under different product characteristics and market scenarios, applying quantitative techniques to a real business problem.

Requirements

• Master’s degree in Econometrics, Mathematics, Quantitative Finance, Physics, or a related quantitative discipline (completed or close to completion).
• Basic understanding of financial mathematics and financial markets, including banks’ balance sheets, market risk and liquidity risk concepts.
• Good programming skills in Python; experience with data analysis and modelling is a strong advantage.
• Ability to work with data using Excel; knowledge of SAS, VBA or similar tools is considered a plus.
• Strong written and verbal communication skills in English (working proficiency).

Practical Information

This is a full‑time, paid internship with the possibility to gain visibility for future opportunities within ING.

Location

Milan (hybrid)

Benefits

The internship offers the following benefits:

• A unique opportunity to apply advanced quantitative skills in a real banking environment, working on intellectually challenging problems at the intersection of financial markets, risk modelling and regulation.
• Hands‑on exposure to state‑of‑the‑art financial risk methodologies and regulatory frameworks, bridging academic theory with real‑world applications.
• Collaboration in a truly international setting, including close interaction with Headquarters and global experts, providing a strong foundation for an international quantitative career.
• A diverse, inclusive and intellectually stimulating workplace, where different quantitative backgrounds (econometrics, mathematics, quantitative finance, physics, engineering) are valued and encouraged.
• The opportunity to contribute to a responsible and sustainable organisation, with ING’s environmental, social and governance (ESG) practices rated ‘strong’ by S&P Global Ratings.
• Super flexible smart working.
• Competitive base salaries and performance based bonuses.
• Diverse cultures & innovative mindsets.
• International environment.
• Commitment to sustainability.
• Lots of training development opportunities to help you grow.
• Lots of moments dedicated to physical and mental well‑being.
• A special day off when it is your birthday.
• Free water & coffee at the office.

Commitment

Diversity is a fundamental element of our corporate culture, and we are fully committed to creating a safe and inclusive environment, based on mutual respect and the value of diversity, offering equal job opportunities to all qualified candidates.

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