Graduate Internship Financial Risk Management - Risk Modelling


Stage informatie

Bedrijf: Deloitte

Locatie: Amsterdam

Opleidingsniveau: WO


Type: Werkstage


Deze stage is niet meer vacant

Financial Risk Management

The Financial Risk Management (FRM) team consists of energetic, young and experienced professionals with FRM related expertise and who think outside the box. FRM consultants are known for their technical expertise, their focus on providing solutions and their entrepreneurial attitude. In addition, they regularly give speeches at seminars, provide lectures at universities and publish articles in professional journals. The goal of FRM is to become the undisputed advisor within the financial services industry regarding its focus areas: Capital Advisory and Risk Modelling.

FRM - Risk Modelling develops and validates risk models, performs actuarial calculations and focuses on Asset and Liability Management (ALM). In addition, they provide derivative valuations. Besides developing market and credit risk models, you will analyse behavioural and actuarial models as well. FRM - Risk Modelling provides advisory services to banks, insurance companies, asset managers and pension funds. The financial crisis, stricter regulations (like CRR, CRD IV, AIFMD and Solvency II), and changing financial markets have raised the need for advice and support at financial institutions.

Your position as Graduate Intern

As a Graduate Intern within the FRM – Risk Modelling team you are part of FRM’s talent pool. This means that besides writing your thesis you will also have the opportunity to work on projects for our clients. In addition, you could also support in preparing proposals and could contribute to research and writing articles.

Thesis subjects FRM - Risk Modelling

FRM – Risk Modelling has several interesting thesis topics available, but it is also possible to discuss topics you are interested in. Examples of theses written by ex-Graduate Interns are provided below:

Negative interest rates and SABR models

In the current interest rate climate, negative interest rate are not uncommon, causing issues when pricing certain interest rate derivatives. Stochastic alpha, beta, and rho (SABR) models are widely used as tools for pricing and hedging interest rate derivatives. However, these are no longer appropriate because of the assumption of a lognormal interest rate process (implying that interest rates cannot drop below zero). As a result, companies were no longer able to determine the value and risks of their derivatives. This thesis describes the possibilities of finding a solution for the current challenges within a SABR framework by making several adjustments to the model.

Modelling prepayments in a mortgage portfolio

Early prepayments of mortgages are a risk for banks. Therefore modelling the behavioural maturity of a mortgage is important for banks as this allows them to identify their interest rate and liquidity risks. This thesis includes a description of models available for modelling prepayments (such as logit models) and the variables determining prepayments (such as individual and macroeconomic variables).

Impact Basel III and EMIR on closing cross currency swaps in the corporate market

Companies are indirectly affected by regulations like EMIR and Basel III, which mainly focus on financial institutions. Identifying the costs and benefits of derivatives is generally a complex process for companies. It hampers their decision-making process, particularly because of the indistinct nature of new regulations. This thesis describes a method to quantify this decision-making process and make it transparent. The model is applied to companies that invest in countries with other currencies and thereby consider to use a cross currency swap.

Your profile

Successful applicants will be/have:

  • Almost obtaining a Master’s degree in: Econometrics, Mathematics, Economics, Finance, Business Administration, or a science Master ;
  • Interested in financial markets, ALM, funding, financial instruments and risk and capital management within the financial and/or corporate sector;
  • A team player;
  • Good communicative skills;
  • Ambitious, independent, energetic and able to perform under pressure;
  • Excellent analytical skills;
  • Result-oriented, while ensuring the quality of work; and
  • Proficient in English, both verbally and in writing.

Additional desirable qualities include:

  • Proficient in Dutch, both verbally and in writing.


Deloitte Financial Risk Management has an informal atmosphere, which encourages discussions between each job grade of FRM. As you can expect, we will support you where we can, with a learning program and a boot camp specifically designed for consultants at the start of their career; a tailored competence model and continuous feedback. A colleague from the team will be assigned to you as a counsellor, who will guide you during your career at Deloitte.

More information regarding Deloitte Financial Risk Management can be found at:

Application procedure

The application procedure includes a screening of your CV, an assessment and three interviews, of which one contains a case. Please note that applications can be submitted in English as well as Dutch.

Are you challenged by this position?

Contact us today for an introduction meeting. Click on below link and provide your details. 

In case this position doesn’t fit your profile, however you know someone who does? Please share this vacancy.
For inquiries regarding this vacancy please contact Elise Guit on 088-2888780.

Acquisition based on this vacancy is not appreciated.

Stage informatie

Bedrijf: Bedrijf: Deloitte

Locatie: Amsterdam

Opleidingsniveau: $}


Type: Werkstage


Meer stages

A.T. Kearney ACE AT Osborne Accenture Adaptif Adlasz Adviesgroep Novius Altuïtion Anderson MacGyver Annalise Arthur D. Little Atos Consulting Avantage Reply B&A BCG Platinion BDO BMC Bain & Company Baker Tilly BearingPoint Berenschot via Aardoom & De Jong Berenschot Bewegin Bisnez BlinkLane Consulting BluPoint Boer & Croon Corporate Finance Boer & Croon Management Bolster Bostec Boston Consulting Group Bright & Company | People Strategy Buitenhuis Advies Bvolve CGI COMATCH Capgemini Invent Centric Cmotions Conclusion Considerati Count & Cooper De Kleine Consultant Deloitte Delta Capita Digital Power Dimensys EY-Parthenon EY Ecorys Eden McCallum Energyprofs Enigma Consulting Finavista Finext First Consulting Front Consulting GalanNXT Grant Thornton Groenewout Gupta Strategists Gwynt Hermes | Partners Hospitality Group Hot ITem House of Performance IG&H Consulting & Interim INNOPAY ITDS Business Consultants Improven InContext Intermedius KPMG KPN ICT Consulting Kirkman Company Korn Ferry KplusV Krauthammer Kruger Lead Today Leeuwendaal M&I/Partners M3 Consultancy METRI MLC MSR Consulting Group Magnitude Consulting Magnus Marktlink McKinsey & Company Mercer Methis Consulting Mitopics Mobilee Monitor Deloitte Morgens Möbius Node1 Ooa OrangeX Ordina Oxyma PA Consulting Group PBLQ PNO Consultants ProExc Projective Protiviti Proven Partners PwC Quantics Quint Wellington Redwood Quintop RGP Raad van Toekomst RevelX Rijnconsult Roland Berger SOLVE Consulting Salvéos Schuberg Philis SeederDeBoer SiRM Sia Partners Significant Simon-Kucher & Partners Sioo Solid Professionals SparkOptimus Strategiemakers Strategy Development Partners Strategy& Summiteers Supply Value Symbol Synechron Business Consulting TWST The Next Organization The Next View Turner Twynstra Gudde UMS Group UPD UniPartners VODW Vanberkel Professionals Varrlyn Vintura Voogt Pijl & Partners WIN Willis Towers Watson YGroup YNNO Yellowtail Young Advisory Group Zanders Zestgroup buro C5 flowresulting innergo p2