Summer 2027 Internship - Risk

Wholesale Banking | Risk | 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.

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

About the position:

TRM is a central part of ING’s Financial Risk management framework with its primary responsibility being the assessment, monitoring, and managing risks of financial markets products. TRM is responsible for the market risk management and product control activities of trading books, and responsible for Asset Liability Management control activities by assessing interest rate and liquidity risk. You will learn how to report and analyze daily market risk reports (VaR, sensitivities and other risk controls) and reconcile and report daily trading and funding P&L.  You will be introduced to and develop a working knowledge of various systems used to report daily risk and P&L.  These front-office trading and finance systems may include but are not limited to; Sophis, MUREX, Summit, and Peoplesoft products.  You will assist in special project work on specific topics that may be related to your field of study. Upon completion of your internship with TRM, you will have developed the basic skills to; analyze and deliver market risk and P&L reports, develop an understanding of various trading asset class such as security financing; fixed income (rates/credit/fx); commodity as well as bank asset/liability mgmt; and contribute to the teams efforts to streamline reporting and reconciliation efficiencies.

Department and Role Overview:

We are interested in dynamic and eager interns for the following departments within ING New York, Risk Management:

Transactional Approval and Advisory

TA&A is responsible for the analysis, advice and decision making of tailored (lending) transactions for our key Wholesale Banking clients in the Americas region across several sectors  (whilst safeguarding the risk appetite of the bank. The risk managers (risk officers) have a deep understanding of credit structuring, credit risk and businesses & markets, next to the assessment of related risks like ESG, compliance and climate risk. You will help in recommending and deciding on credit applications for new transactions, modifications and (Risk Rating) reviews.  Opportunity to participate in the Portfolio/Sector review meetings and learn about various sectors and credit products. 

Trading Risk Management

TRM is a central part of ING’s Financial Risk management framework with its primary responsibility being the assessment, monitoring, and managing risks of financial markets products. TRM is responsible for the market risk management and product control activities of trading books, and responsible for Asset Liability Management control activities by assessing interest rate and liquidity risk. You will learn how to report and analyze daily market risk reports (VaR, sensitivities and other risk controls) and reconcile and report daily trading and funding P&L.  You will be introduced to and develop a working knowledge of various systems used to report daily risk and P&L.  These front-office trading and finance systems may include but are not limited to; Sophis, MUREX, Summit, and Peoplesoft products.  You will assist in special project work on specific topics that may be related to your field of study. Upon completion of your internship with TRM, you will have developed the basic skills to; analyze and deliver market risk and P&L reports, develop an understanding of various trading asset class such as security financing; fixed income (rates/credit/fx); commodity as well as bank asset/liability mgmt; and contribute to the teams efforts to streamline reporting and reconciliation efficiencies.

Counterparty Credit Risk

The Counterparty Credit Risk (CCR) is a second line of defense, supporting the financial markets business, responsible for managing the credit exposure on the trading activity with other financial institutions (counterparts). This covers both banks and non-bank FIs transacting in derivatives and securities financing with ING.