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You will be updated with latest job alerts via emailWhy ING
The world of banking is changing faster than ever. Thats 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 Philippines Singapore South Korea Taiwan and Vietnam.
ING offers both retail and wholesale banking services in Australia. INGs regional presence includes a 13% stake in Bank of Beijing China and a 25% stake in TMB in Thailand.
Singapore is the regional headquarters for INGs 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 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 the TRM department.
The Trading Risk Management (TRM) team plays a critical role in safeguarding the banks financial health by identifying measuring monitoring and controlling exposure to market-driven risks. The department works across asset classes and business lines to ensure that trading (Financial Markets) and banking books remain within the banks risk appetite and regulatory boundaries.
What would you be doing
Singapore is the regional hub for ING including for TRM activities. TRM oversees and supports both Financial Markets (FM) desks - such as Rates FX Credits Commodities and Non-Linear Trading etc. - and Group Treasury (GT) which is primarily responsible for managing asset and liability management requirements funding and liquidity needs interest rate risks and investment risks in the banking books.
The internship will involve exposure to the following areas across either the FM or GT/ALM desk:
Gaining an understanding of the desks business and how the risk framework is designed to govern and control its activities
Assisting with daily risk reporting and monitoring of key market risk metrics such as Value-at-Risk (VaR) sensitivities in trading books or interest rate risk liquidity risk and FX exposures in banking books
Assisting with the preparation of management and regulatory reports covering Trading risk or Treasury/ALM risk
Tracking macroeconomic events and market movements that may impact risk positions
Collaborating closely with the Product Control department on daily and month-end reporting
Supporting system and process enhancement initiatives
Assisting the team in specific risk analyses as
What qualities skills and other criteria are we looking for
Pursuing an undergraduate degree in Finance / Economics / Statistics / Quantitative Finance or similar
Strong analytical and quantitative skills with attention to detail
Demonstrates strong interest in understanding how banks manage financial risks
Good written and oral communication skills
Proficient in Excel; some VBA coding/programming knowledge is a plus
What would you gain from this internship
Interns leave with a broad understanding of how a banks Market Risk department is set up and operates. He/She/They will have exposure to all asset classes across Treasury and FM Trading and a clearer understanding of the jobs done on these desks and potential future career options.
Need more information
Required Experience:
Intern
Full-Time