VB Advisory

VB Advisory solely consists of econometricians whom are specialised in data analytics and financial risk management and have vast experience working as consultants in the financial sector. These experienced consultants will guide you during your journey, but you determine which way you go.

Over the past 5 years, we have noticed that in order to have a successful career in the financial sector it is becoming ever more important to have a specific skillset. We have used our experience in the design of our Young Professionals Program to reflect that need for personal development. We prepare freshly graduated quants to make themselves indispensable in the financial sector by working four days week on a project and spending one full day working alongside your supervisor. This guarantees rapid improvement in the first few months. For example, learning how to design and develop specific models, perform stress tests or scenario analysis or how to look at the impact of new regulations you add value where others cannot. Focus will be on developing that skillset which gives you the opportunity to excel and the ability to add value on a short notice so that during the program your responsibility as well as your impact will increase significantly.

VB Advisory Amsterdam, Nederland
nov 19, 2019
Scope Lower funding ratios driven by lower interest rates and increasing life expectancy have forced pension funds and life insurance companies globally to re-think the asset liability management of their pension portfolios and follow a de-risking strategy. The hedging of longevity risk through longevity swaps is a key part of that strategy. In addition to traditional longevity swaps there are instruments which are linked to a mortality index (such as the mortality coefficients for the Dutch population published by the Central Bureau of Statistics). These have the potential for standardization and create a deep and liquid market for longevity risk. A drawback of these instruments is the basis risk between the mortality index and the actual portfolio to be hedged. The aim of this internship is to extend the work of Cairns and El Boukfaoui (2017) and internal research on basis risk to include commutation risk, replicating portfolio risk and model risk. We start by implementing a stochastic 2-population mortality model that allows to evaluate the basis risk of an index hedge. We then extend existing models for basis risk to include new risk types. Eventually, after understanding all types of basis risk, changes to the index hedge. Description Next to a personalized internship in an extremely relevant topic in the pension fund and life insurance industry, the VB risk advisory team prepares you for a career in the financial industry. This internship will help you acquire financial risk management skills, programming skills and provide you the flexibility in terms of working hours. Your hard work will be recognized and rewarded both financially and through development opportunities. We are preferably looking for an intern with the optionality to write his or her thesis in four to six months. Functional work area: Quantitative Modelling / Finance / Data Science / Research & Development Hours per week: 36 - 40 What we offer The possibility to write your thesis under experienced supervision Compensation at market rate Hedging longevity risk with index-linked instruments Reimbursement of travel expenses Flexibility in terms of working hours and location Requirements Applicant characteristics Quantitative academic education (MSc Student) in a relevant field, like econometrics, mathematics, actuarial science or physics is a must. The preferred candidate is flexible, proactive and has a positive attitude. Furthermore, accuracy, problem solving skills, decision making skills and ability to work independently with tight deadlines is required as well. Strong affinity with Quantitative Models, Finance, Risk and Data. Competencies Experience in advanced programming language (e.g., MATLAB, R or Python) and interested to work with large datasets. Required language skills Well versed in both Dutch and English. How to apply  Interested and ready for a challenging and promising graduation period? Send your Curriculum Vitae to us! In case of any questions with regard to this graduate internship do not hesitate to contact Guillamo Bonapart ( g.bonapart@vbadvisory.nl ) or send your contact person information and motivation letter to us via the apply button.
VB Advisory Amsterdam, Nederland
apr 02, 2019
What are we looking for? Are you fascinated by thinking about how to improve things around you? Do you feel energized by crafting solutions, telling the story behind the numbers, improving financial models? Do you have that entrepreneurial spirit? If so, and if you are an aspiring quant, we want you to join our team! As a Junior Quantitative Consultant, you are part of a young, ambitious, talented and multidisciplinary team dedicated to various projects within the financial sector. You are introduced to the latest and greatest quantitative methodologies in the field of risk management. Moreover, you are at the core of the fundamental calculations of large banking and insurance companies. You will be working on hot topics like Market, Credit & Actuarial Risk, Capital Management, Liquidity & Treasury Risk and Financial Reporting. On a day to day basis you will be performing complex quantitative analyses and develop specialized models to support decision-making.. Refining and validating existing models or conducting on-going communication with model owners and model developers during a review. What do we offer Opportunity to participate in inspiring and challenging projects with a diversity of clients in the financial industry Great training opportunities Possibility to enrol for certification examinations (e.g. FRM or CFA) A competitive salary including great benefits and perks. Working closely together with young, enthusiastic team consisting of quantitative specialists. What do you offer Strong academic background in a quantitative discipline (MSc or PhD) Programming skills in R, C++, Matlab, or other relevant language A team player Good communicative skills Result-oriented, while ensuring the quality of work Ambitious, independent, energetic and able to perform under pressure How to apply Get enthusiastic and interested in this vacancy? Feel free to contact us by sending your resume and motivation letter to us via the apply button.