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22 September 2020 ... min read Listen

2021 ITP US - Wholesale Banking Track ITP Analyst Program & Summer Internship Program

Trainees | Wholesale Banking | Starter / Graduates | United States | | 2020-08-20 | 059887

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Core Information:

Job Title:  International Talent Program (ITP) Analyst Program
Experience Level: Entry-level
Location: New York, N.Y.
Status:          Full-time 
Start Date: September 2021 (ITP Analyst) and June 2021 (ITP Summer Intern)


Once you successfully pass 3 ITP online assessments, you move forward in our selection process. 

About ING:                                                                                                    
ING’s purpose is ‘Empowering people to stay a step ahead in life and in business’. Every ING colleague contributes to that vision. We champion self-reliance and foster a collaborative and innovative culture. The Orange Code is our global manifesto for how we stay true to our purpose and our tradition of reinvention and empowerment. It is made up of ING Values (we are honest; we are prudent; we are responsible) and ING Behaviors: (you take it on and make it happen; you help others to be successful; you are always a step ahead).

For us, success will only be achieved if we act with Integrity.

Some companies see diversity as a box to be ticked. We see it as fundamental to our success and we encourage a proper work/life balance. At ING, you will be judged on your performance in line with the Orange Code. And that’s a promise.



For the full-time ITP Analyst (2021 graduates) you are selected for one of the following business areas that are currently a part of the U.S. ITP Wholesale Banking Track:

1. Lending - offers competitive Lending solutions that help customers achieve their ambitions from approximately 40 offices in EMEA, Asia and Americas. Lending solutions are being deployed across all business segments of Wholesale Banking. Lending transactions can be initiated by the Lending and Sector teams. Lending consists of:
a. Acquisition Finance
b. Structured Export Finance
c. Asset-based Lending
d. Securitization
e. Sustainable Finance

2. Sectors - focuses on a differentiating client experience through specialized sector knowledge both within and across the different sectors.  We combine deep sector knowledge with our multi-product platform to service our client needs in originating, coordinating and executing integrated financial solutions. Innovation and sustainability are an integral part of our daily business activities. Sectors business line consists of:
a. Financial Institutions
b. Energy
c. Real Estate Finance, Infrastructure & Construction
d. Commodities, Food & Agriculture
e. Technology, Media, Telecom & Healthcare 
f.  Diversified Corporates


3. Financial Markets – provides client solutions with trading and sales of financial markets products in global markets. Financial Markets consists of:
a. Interest Rates
b. Foreign Exchange
c. Commodities 
d. Equity Total Return Swaps
e. Equity Lending & Repo
f.  Fixed Income Repo

4. Strategic Products – supports our clients with advisory services and access to financing solutions in complex and strategic situations, with the purpose to elevate our client relationship to a more strategic (c-suite) level and enable strategic balance sheet management and fee generation. Strategic Products consists of:
a. Corporate Finance 
b. Mergers & Acquisitions Advisory 
c. Equity Capital Markets
d. Capital Structuring and Advisory
e. Global Capital Markets 
f.  Debt Capital Markets 
g. Syndicated Finance 


Main Duties and Responsibilities of Both Roles for Each Business Division:

Sectors & Lending – assist Sectors and Lending professionals with:
a. Work as part of deal teams in origination and execution:
i. Perform credit risk analysis and prepare credit approval packages 
ii. Prepare and/or present transaction proposals 
iii. Create and update financial models and analyze results 
iv. Coordinate transaction closing 
b. Assist in client relationships & portfolio management:
i. Prepare annual credit reviews and periodic portfolio reviews 
ii. Process loan modification/amendment requests 
iii. Review ongoing reporting deliverables and track covenant compliance
c. General:
i. Liaise with other product specialists and departments throughout ING, including risk management, syndications, loan operations, financial markets, and KYC desk
ii. Stay well-informed of trends in the industry and the position of competitors
iii. Prepare ad-hoc/general research assignments
iv. Ensure that clients receive an excellent level of service

Strategic Products – assist Strategic Products professionals with:
a. Analyze market data, comparables and trends, in order to provide guidance on pricing and structures for a variety of new transaction scenarios (leveraged buyouts, recapitalizations, re-financings, etc.)
b. Prepare materials to assist in obtaining underwriting approvals
c. Assist in the preparation of transaction marketing materials 
d. Work with the sales team to develop syndication strategies with targeted investor lists 
e. Oversee the information and access of data rooms 
f.  Prepare market research presentations
g. Manage departmental reporting and record keeping

Financial Markets – expect to be exposed to and rotate with multiple sales and trading desks and assist with:
a. Provide technical support in the form of analysis, development, and maintenance for trading desk solutions for the Financial Markets desks in New York.
b. Contribute objective assessments of projects and tasks and work with management to properly prioritize based on cost/time benefit analysis.
c. Work with IT business analysts and developers as a liaison for FM to facilitate tactical and strategic solutions needed to remediate technical trading or sales issues, or develop tools to contribute better information and lessen administrative burdens.
d. Ensure technical solutions are well documented and explained to end users.


Profile:

Qualifications / Education:

A Senior, (2021 Graduate) in pursuit of a Bachelor’s degree in Business, Finance, Accounting, Economics, Mathematics, Engineering, or closely-related quantitative field with a GPA of 3.3 or higher


Experience / Knowledge:

Prior internship and/or relevant financial experience preferred

Proficient in MS Office (Word, PowerPoint, especially Excel)

Financial modelling and credit writing exposure is helpful

VBA and/or programming skill are a plus


Competencies:

You are an upbeat and highly focused individual

High level of business drive, performance motivation, and eagerness to learn

Strong multi-tasking, analytical, and problem solving skills

Adaptability; international mind-set; willingness to travel

Flexibility and stress resilience, ability to work under deadlines

Proven track record to complete assignments efficiently and accurately in a fast-paced                    environment 

Excellent oral and written communication skills with the ability to express ideas in a                          persuasive, organized, and articulate manner

You have customer focus with strong business insight and drive

You are a highly effective team coordinator and an exceptional teammate

Strategic thinker with can-do and creative mindset


The Opportunity:
FOR SUMMER INTERN CANDIDATES:
Looking to enhance your future career prospects with an internship in financial services?
If you’re curious about a career in finance and would like to gain more professional experience, then the ING Summer Internship is your opportunity! The internship gives you a “hands-on” experience like that of a full-time Analyst in our ITP. 

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

With us, you will have the ability to interact with senior bankers and have the chance to contribute towards 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.

For the full-time Summer Intern (2022 graduates) role, you are selected for one of the following business areas that are currently a part of the U.S. ITP Wholesale Banking Track:


1. Lending - offers competitive Lending solutions that help customers achieve their ambitions from approximately 40 offices in EMEA, Asia and Americas. Lending solutions are being deployed across all business segments of Wholesale Banking. Lending transactions can be initiated by the Lending and Sector teams. Lending consists of:
a. Acquisition Finance
b. Structured Export Finance
c. Asset-based Lending
d. Securitization
e. Sustainable Finance

2. Sectors - focuses on a differentiating client experience through specialized sector knowledge both within and across the different sectors.  We combine deep sector knowledge with our multi-product platform to service our client needs in originating, coordinating and executing integrated financial solutions. Innovation and sustainability are an integral part of our daily business activities. Sectors business line consists of:
a. Financial Institutions
b. Energy
c. Real Estate Finance, Infrastructure & Construction
d. Commodities, Food & Agriculture
e. Technology, Media, Telecom & Healthcare 
f.  Diversified Corporates


3Financial Markets – provides client solutions with trading and sales of financial markets products in global markets. Financial Markets consists of:
a. Interest Rates
b. Foreign Exchange
c. Commodities 
d. Equity Total Return Swaps
e. Equity Lending & Repo
f.  Fixed Income Repo

4. Strategic Products – supports our clients with advisory services and access to financing solutions in complex and strategic situations, with the purpose to elevate our client relationship to a more strategic (c-suite) level and enable strategic balance sheet management and fee generation. Strategic Products consists of:
a. Corporate Finance 
b. Mergers & Acquisitions Advisory 
c. Equity Capital Markets
d. Capital Structuring and Advisory
e. Global Capital Markets 
f.  Debt Capital Markets 
g. Syndicated Finance 


Qualifications / Education:

A Junior, (2022 Graduate) in pursuit of a Bachelor’s degree in Business, Finance, Accounting, Economics, Mathematics, Engineering, or closely-related quantitative field with a GPA of 3.3 or higher


Experience / Knowledge:

Prior internship and/or relevant financial experience preferred

Proficient in MS Office (Word, PowerPoint, especially Excel)

Financial modelling and credit writing exposure is helpful

VBA and/or programming skill are a plus


Competencies:

You are an upbeat and highly focused individual

High level of business drive, performance motivation, and eagerness to learn

Strong multi-tasking, analytical, and problem solving skills

Adaptability; international mind-set; willingness to travel

Flexibility and stress resilience, ability to work under deadlines

Proven track record to complete assignments efficiently and accurately in a fast-paced                    environment 

Excellent oral and written communication skills with the ability to express ideas in a                          persuasive, organized, and articulate manner

You have customer focus with strong business insight and drive

You are a highly effective team coordinator and an exceptional teammate

Strategic thinker with can-do and creative mindset






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.

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


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