CMA ECG Intern M&A

Job Description

Join ING, a global financial institution renowned for its dynamic and innovative culture and become part of our Capital Markets & Advisory (CMA) division through our 3-6 month Internship Program! This program offers a unique opportunity to gain hands-on experience in one of four key departments: Corporate Finance/M&A, Debt Capital Markets, Loan Sales or Corporate Investments.

As an Intern at ING, you will be directly involved in key initiatives and the execution of live deals, providing you with invaluable insights and practical skills. This is a fantastic chance to immerse yourself in the fast-paced world of capital markets, working alongside experienced professionals and contributing to significant financial transactions.

Take this opportunity to develop your expertise and make a meaningful impact at ING!

Please make sure you review each team overview below to understand what they do. Then when applying, put your choices in an order with your top priority. By doing this, we can make sure your application is seen by the relevant teams.

Corporate Finance / M&A

Join ING Corporate Finance, a leading Belgian Corporate Finance house, and become part of a dynamic team of around 15 professional advisors. Under the guidance of a senior advisor, you will engage with key decision-makers at a wide range of medium and large companies, financial sponsors, and other external advisors, including law firms, auditors, and other corporate finance houses.

In this role, you will assist in preparing and participating in pitches to potential clients. This involves drafting tailored pitches, conducting in-depth industry analysis, reviewing company strategies and financials, and crafting strategic recommendations that could influence clients' investment or disposal decisions. You will also gather and analyse data on potential acquisition opportunities, assessing their feasibility. Fluency in English and Dutch, both written and spoken, is essential.

Throughout the Corporate Finance process, you will support clients at every step. This includes participating in various transaction stages such as data room preparation, coordination, due diligence, and legal documentation follow-up. You will assist in drafting transaction documents like process letters, information memoranda, and valuation reports. Additionally, you will coordinate collaboration between clients, potential investors, and other external advisors. Your role will also involve preparing documentation for and coordinating Equity Capital Markets transactions.

This is an exciting opportunity to develop your skills and make a significant impact in the world of Corporate Finance and M&A.

Debt Capital Markets

Explore the world of ING Debt Capital Markets transactions and origination, and develop expertise in various bond structures, pricing, the primary and secondary markets, transaction execution, interest rates, swaps, and other money market instruments.

In this role, you will be involved in deal execution for bond refinancings, liability management and sustainable bond market considerations. This includes preparing investor presentations to shape clients' credit stories, structuring deal terms, guiding on bond documentation, and liaising with clients, lawyers, and other banks. You will advise clients and pitch bond transactions, always framing ING's advice within the context of clients' broader capital structures.

You will prepare market and pricing updates to keep clients informed about changes in the macroeconomy and the primary and secondary bond and loan markets. Additionally, you will conduct relevant analysis and identify comparables. Collaboration with other teams on new opportunities, identifying bond market prospects, and educating ING counterparts on the product and current market environment will also be key aspects of your role.

This position offers a unique opportunity to deepen your knowledge and make a significant impact in the Debt Capital Markets sector.

Loan Sales

Join ING's Loan Sales team and interact with the global loan investor market, distributing loans and loan-based products to banks, insurance companies, pension funds, and investment managers. You will be involved in primary loan syndications and secondary loan sales across sectors like Energy, Transport, Infrastructure, TMT, and Corporate Finance.

Operating from five global hubs (London, Amsterdam, Brussels, New York, and Singapore), the team collaborates closely with internal partners, taking ownership of sales strategy and execution while providing market insights. Your tasks will include assisting in the syndication process, preparing pitches, conducting liquidity analysis, compiling league tables, and creating market reports. You will be coached by senior colleagues, working out of Brussels in a cross-border team. Your targets will be set based on team needs and your skills.

As an intern, you should have a strong understanding of finance, be proficient in Excel (Python is a plus), communicate clearly, be analytical and innovative, and be organized with a focus on data quality. This is a great opportunity to develop your skills and make an impact in the Loan Sales sector at ING.

Corporate Investments

Join ING Corporate Investments, an ambitious private equity investor with a successful investment track record of more than 25 years. You will assist in the different steps of the origination and investment process, and the management of the private equity investments portfolio. Under supervision of Investment Directors, you will get into contact with key decision makers at a broad range of small and medium-sized enterprises (SMEs) and get an in-depth understanding of their financials, business models and market dynamics. A unique opportunity to sharpen your analytical skills and deepen your financial expertise in a dynamic environment.

Essential requirements: mastering Dutch

Values we look for:

At ING, with over 57,000 employees across 40 countries, we embrace a diverse range of talents united by our shared values, known as the Orange Code.

Initiative and Ownership: We value individuals who take charge and deliver on their promises. We seek those who listen, ask questions, and speak up, bringing ideas to life and embracing challenges with flexibility and determination.

Teamwork: Collaboration is key at ING. We appreciate big thinkers with small egos who are eager to help others succeed. Our flat structure and cross-disciplinary teams thrive on mutual respect, which is essential for achieving great work.

Forward-Looking: We prize those who challenge the status quo and offer creative solutions. Adaptability and quick thinking are crucial in our fast-paced industry, and if you can keep up with the rapid changes, ING is the place for you.

Join us and be part of a dynamic and innovative team that values initiative, collaboration, and forward-thinking.

Essential Requirements:

• Availability of 3 to 6 months

• The candidate must be a student enrolled in his/her study.

• Preference for candidates in their final year of study, with an excellent academic track record.

• Prior experience through internships is of added value but not a pre-requisite.

• Strong interest in at least one of the areas covered above.

• Highly numerate.

• Excellent English verbal and written communication skills; Dutch is mandatory for the Corporate Finance/M&A team

• Foreign languages are advantageous but not a pre-requisite.

• Looking for candidates with a strong eagerness to learn and who thrive in fast-paced environments.

Please note:

• This is an evergreen position, meaning applications are reviewed on an ongoing basis. As a result, response times may vary, and not all candidates will receive an immediate reply. We appreciate your patience throughout the process.
• To be eligible, your internship must take place while you are still a student. This means you must be actively enrolled in a university during the whole internship, and you must provide a university agreement.

Application to include:

• CV

• 1 page cover letter

• Put your choices in an order with your top priority