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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 initiatives, are eager to learn and to take a proactive approach, 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

YYour 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.
Based on the applicable coronavirus restrictions at that time, we will help you to decide whether it is wise to go abroad. If your international project cannot go ahead, we offer you an alternative, such as working on an international project remotely or going on an in-depth extra training course instead.

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.

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.

One Way of Working, taking everyone’s talent into account

For the past few years, ING has been working in line with the ‘One Way of Working’: agile methodology and in self-managing teams. That enables us to get things done for our customers quickly, and to offer our employees challenging work with lots of autonomy. The self-managing teams are solely responsible for achieving their team objectives, from start to finish. Collaboration, helping one another to improve and continuous innovation are all key aspects of this way of working. The hierarchy is much flatter than in teams organised along traditional lines; everyone’s contribution based on their own expertise and experience is recognised and appreciated. At ING, we use our people’s talents as our starting point and are firmly convinced that team diversity is essential to our strategic success.

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.

Interested?

It’s currently not possible to apply for the traineeship starting in April anymore. 5 April we will start with recruiting again for the October class in 2021. Do you have any questions in the meantime? Don’t hesitate to contact Maksymilian Scholl: Maksymilian.Scholl@ing.com

We are currently redesigning our traineeship, but we promise it remains an international, challenging and a (soft) skills development journey.

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