Intern - Market Risk Management

The world of banking is changing faster than ever. That’s why we at ING are always broadening our horizons. Our people have a forward-thinking mentality, a strong can-do spirit and enjoy working in an agile environment.

ING in Asia Pacific

In Asia Pacific, ING offers wholesale banking across 11 markets, namely Australia, China, Hong Kong SAR, India, Indonesia, Japan, the 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 30% stake in TMBThanachart Bank 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?

TRM covers market risk management & control and 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.

What would you be doing?

Singapore is the regional hub for ING, including for market risk activities. There are a number of different Financial Markets desks controlled/supported by TRM including rates, credits, FX, structured products, non-linear derivatives, etc. 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?

We are looking for a passionate individual who meets the following criteria: 

• Major in Finance/Accounting and/or Quantitative Finance streams (is a plus)

• Good written and oral communication skills

• Should have sufficient knowledge of MS Excel

• VBA / coding knowledge is a plus

• Good time management and adaptability

• You should have legal work rights in Singapore

Need more information?
For information on ING Wholesale Bank, visit https://www.ingwb.com/