Risk traineeship

Are you looking for an express route to a management position or pivotal role within the key area of Risk at ING? Do you hold a master’s degree, preferably in Econometrics, Economics or (Quantitative) Finance (but degrees in Mathematics, Engineering and Physics are definitely also acceptable as long as you show affinity with Risk and financial services)? Do you have a vision, and are you able to share it convincingly with others? Do you have strong analytical skills and strategic reasoning, do you thrive on ambitious objectives and do you dare to assume responsibility? Are you prepared to invest in yourself and your career, and are you keen to learn a lot in a short space of time, both about yourself and your specialist area?

During your first rotation, you will develop skills, network and a broader understanding of the bank and the Risk domain, which will help you to find your second rotation. You can also rely on your functional manager, HR manager and colleagues to support and guide you.

In your second rotation, you will work in a different Risk team. For example, you could work together with a team on managing all risks related to the loans held by ING, with the aim of minimizing both commercial and legal risk issues. In addition to evaluating the risks involved in any transactions, you’ll also advise your colleagues on how to structure the agreements, including any mitigating factors, to ensure that they fit within ING’s risk strategy. You will have the opportunity to demonstrate how your customer focus, professional expertise and persuasive skills can help us to improve the services we offer.

During your third rotation, you have the opportunity to join the daily life of a Risk team abroad.  Many of our trainees choose to spend this second six-month period working on an international project, such as in London, Spain, Singapore or New York.

One of your rotations can be done in a different track, to give you the opportunity to experience and make impact on our clients, products or processes from a different angle. For example: as an Operations & Change or Retail Banking trainee you can get Analytics experience, or as a Risk trainee you can get a better understanding of our Wholesale Banking business. The possibilities are endless.

In your first permanent job, you can enhance your knowledge and sharpen your skills. You can choose to specialize, for example, as a Junior Market Risk Manager, Quantitative Analyst or Junior Credit Risk Modelling. You could be involved in monitoring and analysing market risk exposures from the wider perspective of the ING Group. Perhaps you’ll be tasked with developing new risk management methodologies or improving the measurement of interest rate risk, foreign exchange risk, liquidity risk and equity risk. You’ll often be required to present your recommendations to senior management, which only serves to underline the importance of Risk Management to ING’s overall success.

You will be given opportunities, tools and necessary support to make a satisfying start to your career in Risk in ING. You will have sufficient knowledge about the Bank to decide what the next steps are that you want to take based on your interest and strengths.

The point of being a trainee is to learn a lot, and we offer you every opportunity to do so.  Regardless of their chosen track within the ING International Talent Programme, all of our trainees attend training courses in core banking (the function of a bank, the bank balance sheet, bank funding, IT processes and Risk Management).

The training programme specifically for Risk entails studying for CFA I+II+III. You can supplement this with further study of topics such as FRM, PRM, Lean Six Sigma Greenbelt or other internal training courses (e.g. programming).