Intern Stresstest Modelling

  • De Nederlandsche Bank
  • Amsterdam, Nederland
  • feb 13, 2024
Internship Risk Management Banking

Job Description


 In this internship you help to lift DNB's stress tests to a higher level.

 You have an impact

DNB's work is about financial stability and sustainable prosperity. As an intern you can contribute to this. We use stress tests to assess the resilience of the Dutch financial sector. Think of the impact of the corona crisis, but also climate risks and cyber risks. We use models for this, which we continuously improve and further develop. In this internship you will develop a specific part of these models.

 

This is how you do it as an intern at DNB

In this internship you will study the ins and outs of stress testing, a widely used tool for risk management in the financial sector. And an important instrument for DNB. Under the supervision of one or two experts, you will work on the further development of a specific part of DNB's stress test model. Think, for example, of better predicting the effect of an economic crisis on the losses of banks. You do this mainly by performing quantitative analyses. Based on this, you come up with concrete proposals for improving the models or developing new models. You develop and implement the necessary adjustments to the models in consultation with the team.

 

What exactly are you going to do? 

  • You study stress test models in general and those of DNB in ​​particular.
  • You perform quantitative analyses, using regression, simulation and prediction models.
  • You develop and implement adjustments to the stress test model. For this it is necessary that you can work with Matlab.
  • You make clear (also for non-experts) how these adjustments improve the model. 

 

You will be working here

As an intern of the Financial Stability division, you will join a young, highly educated and enthusiastic team. Our 25 colleagues work closely together, with each other and with colleagues from other divisions. The atmosphere is professional, collegial and informal. You work together with a small team of 5 to 6 experts in the field of stress testing. The team is responsible for developing models, performing the stress tests and reporting on the results.

 

What you will bring

You show initiative and learn quickly. You are effective and pleasant in collaboration, but you can also work well independently. You work accurately and you have perseverance.

 

What else are we looking for?

  • You are a university student in econometrics, (financial) economics or another quantitative direction, in the master's phase of your study.
  • You can work with Matlab and have experience with (statistical) programs such as Python, R and Stata.
  • You have good written and oral skills in English.
  • You are available in Spring/Summer 2024, for a period of at least 3 months. The exact period and duration can be discussed.

 

This is what we offer you

An internship right at the heart of today's financial and economic current events. With a reliable and socially involved employer in Amsterdam, who constantly responds to the changing requirements of our environment. And that continuously innovates. As an institution, we are at the heart of society. Our people are driven and involved in their work within a social context. Our people are driven and involved in their work within a social context. We see a diverse and inclusive work environment as one of the conditions for being successful as an organization and continuing to achieve our goals. Wondering how we do it and what our colleagues think about it? Read and watch more here.

 This will offer you a wealth of opportunities to develop and gain new experiences. 

  • An internship allowance of € 650,--gross per month, based on a 36-hour working week.
  • A healthy work-life balance. It is possible to divide your working week into 4 9-hour days.
  • Full reimbursement of your public transport commute.
  • Plenty of opportunities for professional and personal development through education and training.

 

Apply now!

If working with an impact as an intern at DNB appeals to you, then don't wait but send us your application straight away! Please send us your motivation letter and full cv no later than February 25th 2024.

Would you like to get to know us a little better? Watch the videos and testimonials from colleagues here and listen to our podcasts. Do you have any questions before you apply? Below are our contact details, we are happy to tell you more! For the judicial screening, this position is divided into profile 2a. More information about the screening can be found on the page Over ons > Sollicitatieproces (information only available in Dutch).

The purpose of this vacancy is application, not acquisition.