Financial Risk Specialist Intern (Policies and Regulations)

ING is looking for an…

Internin the Policies and Regulations Chapter within Financial Risk - Balance Sheet Risk

Job description

The job would be ideal for someone who is studying for her/his bachelor’s or master’s degree and wants to become familiar with/get an introduction to the banking environment and how ING Financial Risk manages its policies to stay compliant to the current regulatory framework, mostly defined by the ECB (European Central Bank).

The team

The Financial Risk department is a Tier 2 Function to set and control the financial risk strategy across the organization. The Policies & Regulations (P&R) Chapter is part of the Balance Sheet Management Risk Tribe in Financial Risk. The P&R Chapter provides strategic guidance on financial risk and regulations for trading risk, counterparty credit risk and other balance sheet risks. More concretely, the responsibilities of the Policies & Regulations Team include:

• writing, coordinating and updating financial risk policies in line with regulations and/or internal guidelines;
• building and maintaining relationships with regulators, supervisors, industry associations and internal stakeholders;
• actively contributing to shaping new regulations (e.g. by participating in BCBS consultations);
• communicating financial risk policies and regulations throughout the organization;
• providing guidance and advice to internal stakeholders;
• coordinating financial risk related supervisory on-site visits and requests for information in alignment with the Regulations & International Affairs department.

The Chapter consists of 7 people and has a global scope.

Roles and responsibilities

The candidate will be working about 1 or 1,5 day a week (see below) and her/his activities would consist of:     

• Management of the Financial Risk Policy House and the corresponding internal database (i.e. iRisk).
• Implementation of INGs Internal Control Binding Standards into the Policy House.
• Stakeholder management around the Financial Risk Policy House and possibly being contact for external locations on the implementation of ING Financial Risk Policy House.
• Assisting the Chapter in policy revisions and smaller adjustments and supporting supervisory requests.
• Preparing Policy House overviews for higher management and internal reporting.

Dependent on the candidate’s background and preference, additional content related and more complex issues on financial risk topics can be added. However, safeguarding the completeness and quality, i.e. quality assurance, of the Financial Risk Policy House remains the main activity of the internship. The candidate will report to the Chapter Lead Policies & Regulations in Financial Risk – Balance Sheet Risk.

How to succeed

We hire smart people like you for your potential. Our biggest expectation is that you’ll stay curious. Keep learning. Take on responsibility. In return, we’ll back you to develop into an even more awesome version of yourself.

Skills required

• Studying for a bachelor’s or master’s degree (e.g. Economics).
• Interested in financial risk, the prudential regulatory environment and familiar with the basic financial risk and banking concepts.  
• Excellent skills in Excel and managing data overviews.
• Solid analytical skills, with the ability to think broadly but also with attention to detail.
• Focused, self-driven and results oriented.
• Solid writing and communication skills in English.
• Flexible team player, in line with ING’s Orange Code (you help each other to be successful).

• Ability to juggle multiple tasks and deadlines.

Furthermore, you adhere to the ING values and it is evident for you that your behavior is fully aligned with these values. You are also prepared to take the Banker's Oath. For more information, please visit http://www.ing.jobs/Netherlands/Why-ING/This-is-ING-too/ING-Values.htm

What we offer?

• The opportunity to work in ING’s Financial Risk department and become familiar with the ING organization and its networks.
• An interesting internship, next to your studies, for a period of 6 months that can be extended. If the candidate fits well, there would also be a possibility to write a (Master’s) thesis at ING. This can be done in Financial Risk or another department, in consultation with the candidate’s manager.    
• For the internship the candidate can work about 8 hours - 12 hours per week. The working hours are flexible and can be decided upon in consultation with the candidate’s manager. The intern’s salary is market conform and in line with the ING renumeration model.    

Rewards and benefits

This is a great opportunity to train with highly skilled people who are experts in their field. You’ll do a lot and learn a lot – not only about your specialist area and the bank, but also about yourself and whether this type of environment is right for you.

You’ll also benefit from:

• Internship allowance of 700 EUR based on 36 hours work week

• Your own work laptop

• Hybrid working to blend home working for focus and office working for collaboration and co-creation

• Personal growth and challenging work with endless possibilities

• An informal working environment with innovative colleagues

During the duration of your internship at ING, it is mandatory to be enrolled at a Dutch university (or EU-university for EU passport holders).

Interested?

Apply directly online, click on Apply for this job. For further inquiries, please contact Mark Admiraal (mark.admiraal@ing.com), Chapter Lead Policies and Regulations in Financial Risk – Balance Sheet Risk. Please send your CV and motivation. We are looking forward to your application! For more information on vacancies, please check www.ING.nl/carriere

About our internships

Every year, more than 350 students join our internship program. While there are no guarantees about your future, many of our former interns move into a permanent role or onto our International Talent Programme (traineeship).

Whatever happens, an internship at ING is the ideal opportunity to meet a wide variety of people, to build up your own network, and to learn about many different aspects of banking – put simply, it’s a great start to your career.