Intern, Financial Markets and Group Treasury Product Controller

Why 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 the 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 30% stake in TMBThanachart Bank 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.

Function Overview

We offer different internship opportunities in different departments and locations of our Wholesale bank. This vacancy focuses on positions within the Financial Markets (FM) And Group Treasury (GT) Product Control function.

Product control is critical to safeguarding financial integrity and regulatory compliance managing operational risks and enabling informed decision making across trading activities. Under Product Control the team ensures that the valuation of financial instruments balance sheet and profit and loss of trading and banking books within Financial Markets are measured controlled and reported in accordance to IFRS accounting and regulatory standards.

Duties and responsibilities

Singapore is the regional hub for ING including for product control activities. There are a number of different Financial Markets and Group Treasury desks controlled/supported by Product Control including Rates Money Markets Credit FX Commodities Structured products Non-linear derivatives etc.

The internship would cover:

Daily P&L reporting and risk-based P&L analysis in terms of market risk factors

Working on ad hoc ongoing projects related to product and valuation control

Consolidation of Daily P&L reporting for the Asia region.

Assisting the team lead in specific valuation and P&L 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 SOX key control testing audit IFRS accounting standards regulations banks risk management philosophy current economic climate etc.

What do we ask of you (Skills & Specifications)

Major in Finance/Accounting and/or Quantitative Finance streams (is a plus)

Good written and oral communication skills

Should have sufficient knowledge of MS Excel

VBA / coding knowledge is a plus

Compliance and integrity

Good time management and adaptability

Collaborative and be pro-active in helping the team

What would you gain from this internship

Exposures to various Financial Market and Group Treasury businesses which includes their respective P&L attribution product control and valuation management framework within the bank.