Intern, Trading Risk Management/Financial Risk

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. ING’s 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 ING's 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 a position within TRM department.

TRM covers market risk management & control, as well as product control within ING.

• Under market risk management and control, the team ensures that the trading (Financial Markets) and banking books of the bank are governed in line with the risk appetite set by the board and the senior management

• Product control activities are related to controlling the P&L and balance sheet of the different trading desks under Financial Markets and Group Treasury.

What would you be doing?

Singapore is the regional hub for ING, including for TRM activities. There are a number of different Financial Markets desks controlled/supported by TRM including rates, credits, FX, etc, as well as Group Treasury which is in charge of asset liability management on a day-to-day (execution) basis. This includes managing the funding and liquidity requirements as well as interest rate (in banking books) and investments risks.

The internship would cover:

• Understanding the business of the desk and how the risk framework is designed to control the activities

• Daily P&L and Risk reporting and analysis

• Working on ad hoc ongoing projects related to risk management

• Assisting the team lead in specific risk 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 regulations, bank’s risk management philosophy, current economic climate, etc.

What qualities, skills and other criteria are we looking for?

• Major in Finance/accounting streams

• Good written and oral communication skills

• Should have sufficient knowledge of MS Excel

• VBA / coding knowledge is a plus

• Good time management and adaptability

What would you gain from this internship?

Interns leave with a broad understanding of how a bank’s 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?
For information on ING Wholesale Bank, visit https://www.ingwb.com/
For information on careers, visit https://www.ing.jobs/Global/Careers.htm