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.
Your first assignment: the Risk basics
Your talent manager helps you to choose your first assignment (‘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 with trainees from other tracks on a group assignment. This helps you to discover various aspects of ING and Risk’s role within them.
Your second assignment: the chance to work abroad
It’s up to you to arrange your second project. Now it’s a matter of using your network and your own initiative. Many of our trainees take this opportunity to spend six months gaining international experience, such as by working in London, Madrid or Singapore.
Your second year as a trainee: furthering your development in a permanent role
In your first permanent role, which lasts approximately two years, you will enhance your knowledge and hone your skills. You gain valuable experience in a role such as Junior Market Risk Manager, Quantitative Analyst or Junior Credit Risk Modelling.
The point of being a trainee is to learn a lot, and we offer you every opportunity to do so... such as during our global events. These are attended by all trainees – across all tracks – from around the world. The training events are very intensive. They last for up to two-and-a-half weeks, including the weekends. You work on core banking skills and personal skills as well as skills that you need for your specific track: Risk.
More training opportunities
What do you need in order to grow? Your manager helps you to decide which kind of training you need. The opportunities include personal development and competency development, as well as training courses focused on your development related to finance, data or technology. Another important focus of the Risk traineeship is the development of your leadership skills. CFA I training is also a fixed part of the programme. You can supplement this with training for CFA II and III, FRM, PRM, Lean Six Sigma Greenbelt or other internal courses.
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!
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.
We will be holding two selection rounds for the starting date of 1 October 2020: