What is required?
- Academic degree, preferably in Finance, Economics or Econometrics
- Holistic thinking ability
- Good command of the English language, both verbally and in writing
- You're curious, patient and eager to learn
What will you get?
- €600 gross per month
- 22.5 to 37.5-hour workweek
- 30 vacation days (based on full-time employment)
- Travel allowance (if not in possesion of a Student OV-card)
- Technical and professional training opportunities
- Internship from September to January or February to June (different periods are also possible if your university allows it)
- Possibility of a regular contract after the internship
What will you do?
- 60% Working on enhancement project
- 20% Learning and handling supervisor's inquiries
- 20% Attending cross-domain meetings
This vacancy has been created based on interviews with employees to help you get a realistic preview of the job.
Vacancy
As a Financial Risk Management Intern at Mizuho Bank Europe, you will have a unique chance at gaining hands-on experience in market and liquidity risk domains. You will get to familiarize yourself with the financial risk frameworks of corporate and investment banking domains, work on exciting enhancement projects, elevate your stakeholder management skills and collaborate and learn from a group of driven, ambitious and resourceful risk managers who are ready to open their doors for you for any type of questions you might have. What is unique about this position is that you will be exposed to the banking as well as the trading book.
Your tasks will mostly revolve around (exploratory) data analysis, risk calculation and data validation. Besides, you will spend a good portion of your time familiarizing yourself with Mizuho’s products, systems and worktools and handling ad-hoc tasks from your supervisor. You will also be attending meetings, such as project meetings and meetings with other financial and non-financial stripe Leads. In these meetings you will mostly observe and learn, though you may also get the chance to contribute.
You will be working in the Risk Management team, which consists of three risk stripes: Credit Risk, Market Risk, and Liquidity Risk. There are two Analysts per risk stripe and two Leads overlooking the team. You will mostly be collaborating with the Market Risk and Liquidity Risk stripes, though you will also interact with the other team members and with employees from other departments.
If you enjoy being in a fast-learning environment, want to be part of hardworking and result-oriented team, and can cope with many parts moving at the same time, then this is an internship for you.
Working week
On a good working day, you dive into validating market risk data in the morning, uncover insights through exploratory analysis, and wrap up the day by joining a cross-functional meeting where your input sparks a meaningful discussion.
On a challenging working day, you juggle last-minute data validation issues while preparing risk metrics for an upcoming cross-department meeting. Meanwhile, an unexpected request from your supervisor pushes you to quickly adapt and prioritize under pressure.
- 08:00
- 09:00
- 10:00
- 11:00
- 12:00
- 13:00
- 14:00
- 15:00
- 16:00
- 17:00
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- Introductory reading on Mizuho's risk framework
- Exploratory data analysis for enhancement project
- Lunch
- Continue analysis and begin drafting findings
- Knowledge transfer session with supervisor
- Example weekly schedule
- Weekly team meeting
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- Validate risk metrics output
- Exploratory data analysis for enhancement project
- Lunch
- Continue exploratory data analysis
- Cross-functional meeting
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- Work on project documentation
- Lunch
- Start visualizing preliminary findings
- Knowledge check-in with supervisor
- Consultation with supervisor
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- Follow-up on earlier anomalies with new data
- Prepare risk metrics
- Lunch
- Follow up on request from supervisor
- Update project timeline and status log
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- Finalize report and send to supervisor
- Review notes from the week and update documentation
- Lunch
- Self-study
- Attend cross-department risk alignment meeting
Firsthand experience
Growth
The goal of Mizuho Bank Europe is that employees have the right skills, knowledge and attitude to drive results they need to achieve. Their key principle is that trainings should be accessible to anyone and contribute to their strategic business goals. Because of that, employees are allowed to follow a study or training in a relevant field. Additionally, Mizuho promotes internal and international vacancy’s so employees can move from one department to another.
Working at Mizuho
Mizuho Bank Europe N.V. (MBE) is a fully-licensed bank incorporated in the Netherlands and supervised by De Nederlandsche Bank (DNB) and the Autoriteit Financiële Markten (AFM). With over 45 years of experience providing financial services to Japanese and non-Japanese customers in the region, Mizuho has developed a solid client base and expertise throughout the European single market - with a focus on the markets in the Benelux, Iberia, and Central & Eastern Europe - using their EU Banking Passport.
We are proud to share that Mizuho Financial Group has been named among the top 100 on TIME’s World’s Best Companies list for 2024.
- Based in Amsterdam (Zuidas)
- 148 employees in the Netherlands
- Over 65.000 employees worldwide
- 42% / 58%
- Average age 39 years
- Possibility to work flexible and remote
- Business casual
