ING is looking for an Intern for a work-along internship at the Transaction Services/Trade Finance Services team of Financial Institutions (“FI TFS”). The internship will be in Amsterdam for a minimum period of 6 months.
The Team
FI TFS is part of ING Wholesale Banking, Financial Institutions. The team in Amsterdam has a leading position in providing risk mitigation and financing of international trade. Our counterparties are for the majority foreign banks, and ultimate clients are exporting and importing corporate clients of ING Bank. Key words for our department are diversity, accuracy mixed with creativity, and complexity; making this an environment particularly suited for internationally minded team players with organizational skills, eye for detail and entrepreneurial/commercial drive combined with an ability to perform under tight deadlines.
Role and Responsibilities
Processing/pricing of the trade finance transactions
- Handles flow trade finance transactions (i.e., letters of credit/stand-by letters of credit/guarantees, etc) presented for approval to the TS Sales team within the set limits. Is responsible for certain aspects of the transaction handling, such as arranging the approval and the administrative tasks after closing.
- Checks whether transactions comply with certain parameters such as available limits, tenor and structure. If the transaction falls outside this scope, arranges limit allocations, excess approvals, compliance waivers, risk mitigation etc, and monitors proper and timely processing.
- Advises ING offices (domestic and abroad) and external clients about pricing, risk appetite and structures related to trade finance and ensures that all questions are handled adequately and timely, reverting to the relevant specialists if necessary.
TS Sales support
- Depending on need/possibilities, helps Regional Desks of the Department in various aspects related to the specific region.
Miscellaneous
- Depending on need/capabilities, other activities or projects can be part of the assignment. Your work environment FI TFS provides a multicultural and international environment. Both regarding direct colleagues, as well as the client base. The latter comprises international Financial Institutions, Corporate Clients and other ING departments. Due to the fast-paced nature of the activities, FI TFS provides a working environment best described as diversified, dynamic and energetic.
How to succeed
Prerequisite:
- Candidate should still be enrolled as a student at a University in The Netherlands on the date the work-along internship ends.
- Resides in the Netherlands and is ready to work from our Amsterdam offices.
Personal profile:
- Entrepreneurial/commercial mindset;
- Ambitious personality with minimum Bachelor level education (University: in final stage of Bachelor phase or studying for Master degree).
- Organizational and analytical skills;
- High level of self-motivation and professional approach;
- Good communication and interpersonal skills, strong team player;
- Fluent in English both verbally and written.
- Another foreign language is a plus (French, Spanish, Arabic, German, Chinese etc.)
- Good computer skills, focus on MSO/Excel and ING applications.
- Have interest in Banking, International Trade, Transaction Services.
- Familiarity with trade finance products such as letters of credit, guarantees and trade loans is a plus.
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).
Want to apply directly?
Please upload your CV and motivation letter by clicking the ‘Apply’ button.
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.