Risk traineeship
Risk management: essential to ING’s future
Risk management is essential to safeguard ING’s future. The Risk traineeship at ING has a broad scope and covers the management of credit risk, market risk, operational risk, model risk and compliance risk. The importance of modelling and data analysis is growing all the time, so there are plenty of opportunities for development in these areas too. As a Risk trainee, you help to do the groundwork for decisions about which risks the bank is – and isn’t – prepared to take.
The Risk traineeship: the route to a pivotal role within risk management
ING’s Risk traineeship prepares you for a future role as a Risk Management Specialist, with the potential to later progress to become a Manager of Risk Specialists, Senior Quantitative Analyst or Manager of Risk Analysis, for example. During this track, you develop a wide range of knowledge and skills related to risk management. If you naturally take initiative, are eager to learn and proactive, you are definitely a good fit for the Risk traineeship. We encourage and support you to develop, and share your own vision.
Your first year: two challenging projects
Your HR trainee manager helps you to choose your first rotation, which lasts for six months. You set to work on a concrete risk-related challenge.
Just some examples of assignments include:
- Analysing annual reports, external reports, financial news and company publications from a risk perspective.
- Experimenting with big data in a predictive risk model.
- Providing risk management support to a loans team within ING. Advising colleagues on the structure of contracts and the limiting factors.
- Making use of innovative technology such as machine learning in predictive analysis for consumer loans.
- Working for Wholesale Banking in the Environmental and Social Risk team, which is focused on the bank’s risk preparedness in terms of sustainability and corporate social responsibility.
- Building dashboards that provide data-driven insights into non-financial risks.
- Helping to set up internal processes so as to minimise the risk of fraud.
- Contributing to a Know Your Customer project in the Compliance department.
During your first rotation you also work together with fellow trainees on a group assignment to tackle a challenge that is relevant to our business. This gives you the opportunity to expand your network within ING, fine-tune your stakeholder management skills and learn more about yourself at the same time. The group receives guidance from an external coach.
It’s up to you to arrange your second assignment. Now it’s a matter of using your network and your own initiative. We encourage you to gain international experience during this six-month rotation, if the circumstances allow it. For example, previous Risk trainees have worked in London, Madrid or Singapore.
Your second year: your third assignment and starting in a permanent role
You’re still in charge, your third rotation is arranged by you. Your HR trainee manager will help you in the decision making; will this last rotation be done to deepen knowledge of your business (within your track), of do you decide to do this rotation within a different track? Imagine: as an Analytics trainee you can gain experience as IT Engineer, or learn about one of our products or processes within the Wholesale Bank. Or as Retail Banking trainee, you can do a rotation within Risk or Operations & Change.
A permanent role lets you go deeper into the risk discipline right from the start. You expand your knowledge and hone your skills, while working on your further development as a Junior Market Risk Manager, Quantitative Analyst or Junior Credit Risk Modelling, for example.
Sustainability
The world needs to transition to a low-carbon economy and the financial sector has an important role to play in this. At ING we take that role seriously and want to be a banking leader in driving that transition. Our integrated approach to climate action* covers four priorities, for example steering the most carbon-intensive parts of our portfolio towards reaching net zero by 2050.
As a trainee, you will also contribute to ING’s sustainability goals. How? There are two ways to do this:
- One of your three rotations will be sustainability related. There are many options! You can join a Sustainable Finance team, work on financial health topics or join a Green Tech initiative.
- The other option is to do a (group) assignment, next to your rotation, on a sustainability related topic. The choice is yours.
* Society is transitioning to a low-carbon economy. So are our clients, and so is ING. We finance a lot of sustainable activities, but we still finance more that’s not. See how we’re progressing on ing.com/climate.
Training and coaching
The point of being a trainee is to develop yourself and learn a lot, and we offer you every opportunity to do so. Your HR trainee manager coaches you during your three rotations and helps you to get the maximum benefit from your traineeship. During your traineeship, you participate in two Global Trainee events together with all ING’s trainees – across all tracks – from around the world. The first event is at the start of your traineeship, the second event is towards the end of your two-year traineeship. The events will be held live once circumstances allow this, and are focused on developing your professional and personal skills.
During your traineeship you follow a flexible training programme. For every traineeship we set one mandatory training, with content which is very relevant to your part of the bank. On top of this, you can follow two training courses that you’ll choose, which match with your rotation or permanent role.
Contributing to risk management at ING
Are you curious to find out what risk management entails at ING and how you can support it? Do you understand the huge significance of Risk for the bank? Are you eager to help us achieve our risk management-related strategy and objectives? Does the challenge of striking the right balance between risks, investments and capital fascinate you? Do you love experimenting with data and models, aided by innovative technology? If so, the Risk traineeship at ING is ideal for you!
Apply
Choose the Risk traineeship at ING and allow your talent to flourish. Apply for the vacancy of Risk trainee and convince us of your potential. If you’re successful you’ll be invited to take an online assessment, which is step 2 of the selection procedure for the International Talent Programme.
You can find detailed information about the application and selection procedure here.
We can only accept complete applications, i.e. your CV and (provisional) transcripts of your bachelor and MSc grades at university level. It’s not necessary to upload a cover letter because you will be asked to answer questions about your motivation during the application process.