Summer 2027 Internship - Finance

Wholesale Banking | Finance | Summer 2027 Internship | New York

About ING: 

In Americas, ING’s Wholesale Banking division offers a broad range of innovative financial products and services to domestic and international corporate and institutional clients.

When you come to work at ING, you’re joining a team where individuality isn’t just accepted, it’s encouraged. We’ve built a culture that’s fun, friendly, and supportive – it’s the kind of place where you can be yourself and make the most of whatever you have to offer.

We give people the freedom to take risks, think differently, take ownership of their work, and make great things happen. We’re here to help you get ahead. And with our global network, there’s plenty of scope to take your career in new directions, perhaps even ones you’ve never considered.

Does this sound like the kind of place you’d feel at home? We’d love to hear from you.

Finance & Group Treasury Departments and Role Overview:

The Finance Department provides insightful and timely financial information to ING’s leadership as well as ING’s external stakeholders. This enables ING’s management to make sound financial decisions and achieve a sustainable competitive advantage in the market through:

• Empowering ING’s managers and stakeholders to plan, forecast, control, and continuously optimize financial performance, by providing timely, accurate and relevant financial information and decision support.
• Providing financial accounting and regulatory reporting in full compliance with statutory and regulatory requirements, achieving best-in-class finance ownership by efficiently and flawlessly managing operational activities.
• Enforcing and coordinating rigorous financial controls, bank-wide governance and reporting to establish cost transparency, proactively managing financial performance against clear targets, and instilling a cost-conscious culture across the organization.
• Maintaining a continuous and accurate oversight also on the correct implementation of policies, which influence the relevant financial reporting obligations of the regional businesses.

The Group Treasury department manages ING Americas' funding, liquidity, and balance sheet risks to support the firm's financial strength and regulatory compliance. The team oversees liquidity and funding positions, manages key treasury risks, optimizes the balance sheet, and partners with business lines to ensure products and business activities are aligned with funding, liquidity, and risk objectives.

Key areas of focus include:

• Managing funding, liquidity, and capital positions across normal and stressed market conditions.
• Monitoring regulatory liquidity requirements, including Liquidity Coverage Ratio (“LCR”) and Net Stable Funding Ration (“NSFR”).
• Managing interest rates, foreign exchange, and liquidity risks.
• Managing the High-Quality Liquid Asset (HQLA) portfolio.
• Executing interest rate hedging strategies to mitigate balance sheet risk.
• Advising business lines on funding, pricing, and balance sheet implications of new and existing products.

This internship program targets exceptional candidates and is a pipeline program where successful interns may receive a full time offer to return the following year or get selected to follow an 18-month rotational professional development program within the Finance & Group Treasury Departments.

We are interested in a dynamic and eager intern excited to learn about any (or all) of the following departments within the ING Americas Finance Department. This role will provide a wide range of financial exposure and provide active engagement across all areas, as you participate in routine activities, as well as special projects, in partnership across the organization. 

Local Regulatory Reporting

The Local Regulatory Reporting team within Finance New York is responsible for all regulatory and financial reporting for ING’s Swap Dealer, ING Capital Markets (INGCM) and ING’s US Broker Dealer, ING Financial Markets LLC (INGFM).  Team members are involved with reporting to external regulators on a daily, weekly, monthly, quarterly, semi-annual and annual basis as well as ad hoc requests. Additionally, team members are involved with the preparation of internal deliverables to ensure the quality and review of the external filings.

• INGCM is a registered Swap Dealer with the Commodities Futures Trading Commission (CFTC).  The Company is also registered with the Securities and Exchange Commission (“SEC”) as a security-based swap dealer.  INGCM is the sole ING entity generally authorized to enter into Swaps with US clients, which are principally institutional clients, corporates and bank and non-bank financial institutions as well as corporate lending clients of affiliates. INGCM provides customer facilitation services for interest rate, credit, equity, commodity, and foreign exchange swaps. INGCM became a registered standalone US Swap Dealer and must comply with CFTC capital, financial and regulatory reporting rules.
• INGFM is a registered broker-dealer with the Securities and Exchange Commission (SEC), a member of the Financial Industry Regulatory Authority (FINRA), a member of the Securities Investor Protection Corporation (SIPC) and a member of various exchanges. The Company primarily provides customer facilitation services for equity and fixed income securities, securities lending activities, repurchase and resale transactions and underwriting services, and clearing and custodial services for ING’s affiliates.

Financial Accounting & EU Regulatory Reporting

The Financial Accounting (FA) team within the Finance department is dedicated to maintaining a holistic and robust reporting environment, supported by accurate financial data and a strong control framework. Our mission is to ensure the proper presentation of financial and regulatory reporting for applicable entities, in alignment with ING Group policies and procedures, as well as relevant accounting and regulatory frameworks. The team’s core responsibilities include managing the accounting closing processes, preparing and analyzing monthly financial statements, and conducting analytical reviews of Balance Sheet and Profit & Loss variances. Our processes and controls play a key role in supporting external financial and regulatory reporting. To uphold a strong control environment, we implement rigorous governance over financial data, including reconciliation and validation processes, and collaborate closely with internal and external stakeholders.

Product Control
Product Control is a key function that recently transition into the Finance team (previously part of the Risk team). The team is responsible for providing independent oversight and analysis of trading and banking products to ensure the integrity of financial results. The team works closely with Front Office, Treasury, Risk and Finance to validate valuations, analyze daily and monthly profit and loss, review pricing models and adjustments, support new product approvals, and strengthen the control environment. Product Control plays a critical role in ensuring accurate financial reporting, regulatory compliance, analysing key drivers of P&L results to help the business make more informed decision making.

Policies & Procedures

The Policies & Procedures team is charged with the interpretation and application of US and European accounting standards and regulatory reporting rules, as well as guiding the firm to meet new rules and changes in rules. Furthermore, the team provides proactive advice on how standards and requirements affect developments in the firm’s business and drive optimization in the way the firm complies with external requirements.

Furthermore, the Policies & Procedures conducts quality assurance activities on ING New York’s financial reports, testing the compliance of report with standards and requirements and recommending improvements in the reporting processes.

Tax Reporting and Strategy

The Tax Department manages ING’s domestic and international tax function in the Americas.  The Tax Department advises on the tax implications of transactions and tax strategies for the businesses within the region and with the parent bank in Amsterdam. Day-to-day, the Tax Department manages ING’s U.S. tax accounting and tax compliance requirements while representing ING before various tax authorities that audit ING’s tax returns in the region.

Management Accounting & Advice

The Management Accounting & Advice team serves as a trusted financial advisor to business leaders, providing the insights, analysis, and forward-looking perspectives needed to drive decision-making and optimize business performance. By translating financial results into actionable intelligence, the team helps shape business strategy, challenge assumptions, identify opportunities, and support sustainable growth across the organization.

Core responsibilities include:

• Acting as a strategic finance partner to business and functional leaders, providing financial insight and challenge to support informed decision-making.
• Leading the consolidated Rolling Forecast (RFC) and Dynamic Plan (DP) processes, translating business ambitions into robust financial plans and targets.
• Delivering insightful performance reporting, variance analysis, and management information that explains key business drivers, emerging trends, risks, and opportunities.
• Advising senior management on financial performance, profitability, resource allocation, and key value creation metrics.
• Supporting the development and evaluation of strategic initiatives, business cases, and investment decisions through financial analysis and scenario modelling.
• Developing and monitoring financial and non-financial KPIs to measure business success and support strategic objectives.
• Providing consolidated cost, FTE, and productivity insights to enhance organizational effectiveness and financial discipline.
• Delivering ad hoc analysis and executive-level insights for senior management, regulators, auditors, and other stakeholders.
• Identifying emerging trends and translating complex financial data into clear recommendations that support business growth, efficiency, and long-term value creation.

Procurement / Vendor Risk Management

Procurement is primarily responsible for defining and implementing best practices in vendor and contract management, in alignment with global procurement policy. Key responsibilities include:

• Contract Management
  Oversee and manage the end-to-end contracting for the procurement of goods and services from external and intracompany suppliers. 
  • Liaise with Legal, suppliers, Business Units, and other relevant stakeholders to review and execute vendor contracts.
  • Ensure all contracts adhere to applicable external regulatory and internal requirements.
• Vendor Selection and Competitive Bidding
  Support the execution of competitive bidding process and facilitate the selection of qualified vendors.
• Vendor Risk Evaluation
  Coordinates the assessment of third-party vendors prior to engagement and throughout the duration of contractual relationships via the KYS (Know Your Supplier) process for vendor due diligence.

Competencies and Criteria for the role:

• Must be hardworking and detail oriented.
• Strong multi-tasking, analytical, and problem-solving skills
• High level of performance motivation, and eagerness to learn.
• Comfortable with Excel and spreadsheets.
• Team player who is able to work collaboratively with others.
• Juniors (Graduating in 2028) who are pursuing a bachelor’s/master’s degree in finance, economics or business-related field.  
• Minimum GPA of 3.3 on a scale of 4.0
• Good quantitative and analytical skills and basic understanding of financial instruments is preferred though not required.
• Solid understanding of financial analysis/econometrics
• Good written and verbal communications skills
• Working knowledge of one or more of the following: Microsoft Excel, VBA, Access, SQL, SAS, and Python
• In-office work requirements depending on role

Hourly Rate: $35/hour

Status:         Full-time; Paid (Seasonal)

Start Date: June 2027 (10 Week Summer Internship)

ING is a committed equal opportunity employer. We welcome applicants of diverse backgrounds and hire without regard to color, gender, religion, national origin, citizenship, disability, age, sexual orientation, or any other characteristic protected by law. We celebrate these differences and rely upon your unique perspective to innovate and seize new opportunities. Come as you are.

ING Bank does not have a commercial banking license in the U.S. and therefore not permitted to conduct a commercial banking business in the U.S. Through its wholly owned subsidiary ING Financial Services LLC, and its affiliates, it offers a full array of wholesale products such as commercial lending and a full range of FM products and services.