Job Title:                               Summer 2025 Internship: Lending

Experience Level:             Entry-level

Location:                               New York, N.Y. (must be in New York or willing to relocate for the summer)

Status:                                   Full-time; Paid (Seasonal)

Start Date:                           June 2025 (10 Week Summer Internship)

About ING

Ranked #8 on LinkedIn Top Companies in Financial Services

Named to Crain’s 100 Best Places to Work in NYC

In the Americas, ING’s Wholesale Banking division offers a broad range of innovative financial products and services to domestic and international corporate and institutional clients.

When you come to work at ING, you’re joining a team where individuality isn’t just accepted, it’s encouraged. We’ve built a culture that’s fun, friendly, and supportive – it’s the kind of place where you can be yourself and make the most of whatever you have to offer.

We give people the freedom to take risks, think differently, take ownership of their work, and make great things happen. We’re here to help you get ahead. And with our global network, there’s plenty of scope to take your career in new directions, perhaps even ones you’ve never considered.

Sound like the kind of place you’d feel at home? We’d love to hear from you.

About the position:

Looking to enhance your future career prospects with an internship in financial services? If you’re curious about a career in finance or banking and would like to gain more professional experience, an ING internship is your opportunity. The internship gives you a “hands-on” experience in a global financial institution.

Why you might want to consider a summer job at ING:

With us, you will have the ability to work alongside senior bankers and have the chance to contribute towards deals, projects and assignments that will expose you to industry expertise. You will research, collect, and analyze data for various initiatives and increase your knowledge and skills to better prepare you for your career. Summer interns work on current, real-world projects and initiatives with their teams.

This posting is focused on positions in the below areas:

Lending :

This team offers competitive Lending solutions that help customers achieve their ambitions from approximately 40 offices in the Americas, EMEA Asia. Lending solutions are deployed across all business segments of Wholesale Banking. Lending transactions can be initiated by the Lending and Sector teams. The four primary Lending groups consists of:

• Structured Export Finance
• Asset Based Lending
• Transaction Management
• Portfolio Management

Main Duties and Responsibilities of Roles for Each Business Division

Lending – assist Lending professionals with:

Transaction Management: Working as part of deal teams in deal execution:

i. Conduct industry and market research.

ii. Perform credit risk analysis and contribute to the preparation of credit approval proposals.

iii. Prepare and/or present transaction proposals.

iv. Analyze transaction profitability.

v. Create and update financial models and analyze results.

vi. Coordinate transaction closing.

Assist in client relationships & portfolio management:

i.  Monitor project’s trends in operation or construction to provide insights on performance to Team Leaders.

ii.  Support the team with quarterly credit reviews and periodic portfolio reviews

iii. Assist in analyzing cashflow and scenario analysis from the financial models.

iv. Assist in Preparing and Processing loan modification/amendment requests.

v.  Review and summarize ongoing reporting deliverables and track covenant compliance.

General:

i. Liaise with other product specialists and departments throughout ING, including Risk Management, Syndications, Loan Operations, Financial Markets, Legal, and KYC desk.

ii. Stay well-informed of trends in various industries and the position of competitors.

iii. Prepare ad-hoc/general research assignments.

iv. Ensure that clients receive an excellent level of service.

v. Communicate effectively and coordinate with team members to ensure deadlines are met.

vi. Support to generate ESG assessments and risk ratings.

Profile (What we’re looking for)

Undergraduate college student, graduating in 2026 in pursuit of a bachelor’s degree in business, finance, accounting, economics, mathematics, engineering, or related field. Graduate students may also be considered for certain roles.

Liberal arts majors interested in careers in finance and banking are encouraged to apply.

Experience / Knowledge:

• Prior internship and/or relevant financial experience is helpful.
• Proficient in MS Office (Outlook, Word, Teams, PowerPoint, and especially Excel)
• Financial modeling and credit writing exposure is valuable

Competencies:

• You are an upbeat and highly focused individual.
• High level of performance motivation, and eagerness to learn.
• Strong multi-tasking, analytical, and problem-solving skills
• Flexibility and stress resilience, ability to work under tight deadlines.
• Excellent oral and written communication skills, with the ability to express ideas in a persuasive, organized, and articulate manner.

The salary for this role is $45/hour with the potential for overtime.

Posting to close September 27th, 2024

ING is a committed equal opportunity employer. We welcome applicants of diverse backgrounds and hire without regard to color, gender, religion, national origin, citizenship, disability, age, sexual orientation, or any other characteristic protected by law. We celebrate these differences and rely upon your unique perspective to innovate and seize new opportunities. Come as you are.

ING Bank does not have a commercial banking license in the U.S. and therefore not permitted to conduct a commercial banking business in the U.S. Through its wholly owned subsidiary ING Financial Services LLC, and its affiliates, it offers a full array of wholesale products such as commercial lending and a full range of FM products and services