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.

We offer:

• 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.

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).

Location: Milan (hybrid)

Compensation: 1500€/month

About ING

ING offers many opportunities to build a diverse and rewarding career. You will be joining an international innovative digital bank, the first in Italy to adopt a fully flexible smart working model, and you will be working in a stimulating environment where you can grow both as an individual and as a professional.

Our purpose - empowering people to stay a step ahead in life and in business - represents our belief in people’s potential. We don’t judge, coach or to tell people how to live their lives. We empower people and businesses to realize their own vision for a better future.

#doyourthing is our brand direction with us each and every day. It is how we articulate our purpose and our promise to make banking frictionless to the world. ‘do your thing’ is about people being free to live the life they want to live, knowing that they will make their world a little better for it.

Do you think you are "a step ahead"? Apply now!

The benefits of joining ING

In addition to being a part of a great team, working in a fun and innovative environment, we offer:

• Super flexible smart working

• 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: we call it #doyourbirthday!

• And of course we can’t forget: free water & coffee at the office!

Our 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.

Job Application Safety Reminder ⚠️

We’re seeing an increase in fraudulent job offers. To protect yourself, please follow these key guidelines when applying for roles at ING:

• Apply only via official ING platforms: ING uses Workday as its internal recruitment system. Applications should be submitted only via our official career site.

• Check the sender’s email carefully: legitimate communication will always come from: @ing.com and/or @myworkday.com

• No payments or banking details will ever be requested. If someone asks for this information, it’s a scam.