Summer 2027 Internship - Risk

About this role

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. 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. The main goal is to determine the risk appetite (though limit and transaction approval), manage, and monitor the trading counterparties. As such the CCR team must have a deep understanding of fundamental credit analysis, legal documentation as well as understanding of risks and corresponding risk measurements of financial market products.

In this role you will be responsible for supporting senior analysts with individual and sector reviews, including fundamental credit analysis, peer financial analysis, and submitting of credit reports, limits, and ratings. You will also be assisting in risk reporting and monitoring (including out-of-policy collateral, periodic market and risk reports, etc.), board presentations and participating in due-diligence calls with C-level management of ING’s counterparties.

Credit Restructuring Credit Restructuring takes responsibility for finding solutions for large customers in difficulty, acting as the restructuring knowledge center for the bank. Our objective is to preserve principal, maximize recovery while minimizing liability, and determine a strategy which best benefits the bank and its customers. Credit Restructuring is also responsible for the bank's loan loss provisioning process.

As an intern with the Credit Restructuring team, you will contribute to the evaluation of problem credits and work alongside senior banker in recommending a course of action designed to maximize recoveries for the institution. In doing so, you will have exposure to a range of credits that are complex, large in size and cover all sectors part of the institution’s Wholesale Banking platform.  Many of the credits are international in nature leading to cross border dialogs.

ORM/IRM Non-Financial Risk Operational Risk Management (ORM) focuses on business related risk. ORM is responsible for monitoring the adherence of line management to risk policies, minimum standards, regulations, and monitoring for the proper functioning of managements control activities.  On a regular basis, risk management provides ING management with information regarding the results of monitoring activities (e.g. NFR Dashboard, overdue rates, incident reports, etc…) through the regional NFRC meeting. The Operational Risk Management (ORM) function is part of the second line of defense and is responsible for the risk management and reporting of the non-financial operational risks.  ORM includes Operational, Information Risk Management, Security and Business Continuity, and Special Investigations functions. Informational Risk Man

Similar jobs

• Summer 2027 Internship - Audit — ING · New York
• Quantitative Risk Intern - Summer 2027 — Dvtrading · Chicago
• Summer 2027 Quantitative Research Internship — Point72 · New York
• 2027 Summer Insurance Internship — Jencapinc · Atlanta, GA; Houston, TX; Red Bank, NJ; Springfield, MO; Worcester, MA
• Summer 2027 Data Science Intern — Thenuclearcompany · Washington, DC
• Summer 2027 Internship – COO — ING · New York
• Summer 2027 Systems Engineering Intern — Pdtpartners · New York, NY
• Summer 2027 Software Engineering Intern — Thenuclearcompany · Washington, DC