Risk Analytics & Model Validation (RA&MV) is a team under the Risk Management Business Unit. The team is responsible for bank-wide risk analysis, including economic capital (EC) usage and the development of the underlying models. Such models have a significant impact on valuation, pricing and risk assessment. Furthermore, the team is responsible for the validation of all business critical models within the entire bank.
NIBC RA&MV offers students in their final year of their Bachelor or Master studies the opportunity of a six-month working internship in a diverse and international environment with English as the main language.
This internship will focus on researching and testing the methodology used by various internal models, in particular models used in the EC framework. Special attention will be given to testing of the models’ mechanics and to the implementation of changes, where necessarily. Model testing will involve advanced statistical analysis. Implementation of models’ changes will be done with the subsequent alignment of the models’ documentation. The impact of each implemented methodology change shall be assessed within the overall EC framework of NIBC.
What you will need?
A successful candidate will have the following credentials:
What you will get?
NIBC is the bank of choice for decisive moments. Our Corporate Banking activities offer a combination of corporate finance & capital markets, financing and investing in the sectors Food, Agri, Retail & Health, Industries & Manufacturing, Infrastructure & Renewables, Commercial Real Estate, Oil & Gas Services, Shipping & Intermodal and Telecom, Media, Technology & Services. Consumer Banking offers residential mortgages in the Netherlands and online retail saving deposits in the Netherlands, Belgium and Germany via NIBC Direct.