Intern - Trading Risk Management (TRM)

Why ING?

The world of banking is changing faster than ever. That’s why we at ING are always broadening our horizons. Our people have a forward-thinking mentality, a strong can-do spirit and enjoy working in an agile environment.

ING in Asia Pacific

In Asia Pacific, ING offers wholesale banking across 11 markets, namely Australia, China, Hong Kong SAR, India, Indonesia, Japan, the Philippines, Singapore, South Korea, Taiwan, and Vietnam.

Singapore is the regional headquarters for ING's Wholesale Banking (WB) business in Asia, which includes all WB business lines such as Financial Markets, Strategic Products, Sectors, Lending and Transaction Services and other support functions.

What does the Trading Risk Management (TRM) Team do in ING?

We offer different internship opportunities in different departments and locations of our Wholesale bank. This vacancy focusses on positions within TRM department.

TRM covers market risk management and product control management within ING.

- Under market risk management and control, the team ensures that the trading (Financial Markets) and banking books of the bank are governed in line with the risk appetite set by the board and the senior management

- Product control activities are related to controlling the P&L and balance sheet of the different trading desks under Financial Markets (including Group Treasury).

What would you be doing?

Duties and responsibilities

Singapore is the regional hub for ING, including for market risk activities. There are a number of different Financial Markets desks controlled/supported by TRM including rates, credits, FX, structured products, non-linear derivatives, etc. The internship would cover:

Understanding the business of several desks and how the risk framework is designed to control the activities
Consolidation of Daily P&L and Risk reporting for the Asia region
Support the product teams in Singapore in increasing the automation of tasks to enhance efficiency as well as control.
Working on ongoing ad hoc projects related to risk, product control management and process improvement
Assisting the team lead in specific product control analysis as and when required

There would be exposure to policies and procedures governing this desk, which in turn are based on a number of items including regulations, bank’s risk management philosophy, current economic climate, etc.

What qualities, skills and other criteria are we looking for?

We are looking for a passionate individual who meets the following criteria:

You should have legal work rights in the country of internship.
Major in Finance/Accounting and Quantitative Finance streams
Good written and oral communication skills
Should have sufficient knowledge of MS Excel
VBA / coding and/or MS SQL database knowledge is a plus
Good time management and adaptability
Compliance and integrity
Collaborative and be pro-active in helping the team

What would you gain from this internship?

Exposures to various Financial Market businesses which includes their respective risk profiles and P&L, risk management framework and Product control activities of the different trading desks under Financial Markets.

Need more information?
For information on ING Wholesale Bank, visit https://www.ingwb.com/

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