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Salary
$41k – $68k per year (Estimated)
Location
In office (Singapore)
Seniority
Intern
Employment
Internship
Overview
Company
Impact
Profile match
ING is a Dutch banking group formed in 1991 by the merger of the postal bank NMB Postbank and the insurer Nationale-Nederlanden, and it was among the first large banks to build a direct, branch-light retail model. It serves retail customers in the Netherlands, Belgium, Germany, Poland, Spain and several other markets through mobile-first banking, and runs a substantial wholesale bank covering lending, transaction services and financial markets for corporate clients. Headquartered in Amsterdam and listed on Euronext, the group divested its insurance operations after the financial crisis to focus on banking.

Why ING?

The world of banking is changing faster than ever. That’s why we at ING are always broadening our horizons. Our people have a forward-thinking mentality, a strong can-do spirit and enjoy working in an agile environment.

ING in Asia Pacific

In Asia Pacific, ING offers wholesale banking across 11 markets, namely Australia, China, Hong Kong SAR, India, Indonesia, Japan, Philippines, Singapore, South Korea, Taiwan and Vietnam.

ING offers both retail and wholesale banking services in Australia. ING’s regional presence includes strategic shareholdings in Bank of Beijing, China and TMB in Thailand.

Singapore is the regional headquarters for ING's Wholesale Banking (WB) business in Asia, which includes all WB business lines such as Financial Markets, Strategic Products, Sectors, Lending and Transaction Services and other support functions.

Function Overview

We offer different internship opportunities in different departments and locations of our Wholesale bank. This vacancy focusses on positions within Product Control department.

Under Product Control, the team ensures that the balance sheet and profit and loss of trading and banking books of the Financial Markets are measured, controlled and reported in accordance to accounting/reporting standards.

Duties and responsibilities

Singapore is the regional hub for ING, including for product control and P&L reporting activities. There are a number of different Financial Markets desks controlled/supported by Product Control including rates, credits, FX, structured products, commodity, non-linear derivatives, etc. The internship would cover:

  • Daily P&L reporting and analysis

  • Working on ad hoc ongoing projects related to product control management

  • Assisting the team lead in specific valuation and P&L analysis as and when required

There would be exposure to policies and procedures governing this desk, which in turn are based on a number of items including regulations, bank’s risk management philosophy, current economic climate, etc.

What do we ask of you? (Skills & Specifications)

- Major in Finance/Accounting

- Major/minor in Data Analytics is a plus

- Good written and oral communication skills

- Should have sufficient knowledge of MS Excel, VBA and coding

- Good time management and adaptability

Need more information?

For information on ING Wholesale Bank, visit https://www.ingwb.com/

For information on careers, visit https://www.ing.jobs/Global/Careers.htm

This is a six month full time Internship position starting from January 2027.

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