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.

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 Management (IRM) focuses on IT related and Continuity Risk. Information Technology Risk Management is the ongoing iterative process of defining, implementing, monitoring, and maintaining the relevant policies, minimum standards, procedures, tools and technologies in order to reduce the threats, common vulnerabilities and consequences that could arise if ING's information and business applications, databases and underlying infrastructure are not protected or resilient, and/or supporting IT processes are not applied.

Model Risk Management

Model Risk Management (MRM) oversees the risks associated with the development, implementation, and use of models across the firm. The team independently validates models used for areas such as credit risk, market risk, anti-money laundering, fraud detection, capital planning, and financial forecasting. They assess whether models are conceptually sound, appropriately designed, and producing reliable and unbiased results. MRM also monitors model performance throughout the model lifecycle and ensures compliance with regulatory expectations and internal governance standards. Their work helps ensure that business decisions based on models are accurate, transparent, and appropriately managed.

Integrated Risk Management

Integrated Risk Management (IRM) provides a holistic view of risk across the organization by coordinating and overseeing the firm's enterprise risk framework. The team partners with business units and risk functions to identify, assess, monitor, and report on key risks, including operational, strategic, financial, compliance, technology, and third-party risks. They help establish consistent risk governance, policies, and reporting practices across the institution. IRM supports senior management by aggregating risk information to identify emerging trends and ensure informed decision-making. Their work strengthens the firm's overall risk culture and resilience by promoting a coordinated approach to managing risk.

Compliance

Compliance helps to ensure that businesses and support functions operate in compliance with regulations and internal policies to protect ING from the reputational and economic damage which could result from regulatory liabilities.

Compliance advises the business, assesses risks, monitors day-to-day activities and tests the efficacy of procedures to enable ING to safely and effectively serve clients, while remaining within ING risk appetite. Topics of focus include Financial Crime, Conflicts of Interest, Bribery & Corruption, Insider Trading, Conduct & Ethics and Data Privacy, in addition to emerging risks such as Artificial Intelligence and Climate Change.

The Compliance department consists of 20 people in an open, collaborative environment, where everyone has a voice and all opinions are valued. This role will provide exposure and active engagement across all areas, as you participate in routine activities, as well as special projects in partnership with other departments.

The regulatory landscape is dynamic -- priorities frequently shift and days rarely unfold as planned, so flexibility is key!

Competencies and Criteria for the role:

• Must be hardworking and detail-oriented.
• Strong multi-tasking, analytical, and problem-solving skills
• High level of performance motivation, and eagerness to learn
• Comfortable with Excel and spreadsheets.
• Team player who is able to work collaboratively with others
• Rising seniors (Graduating in 2028) who are pursuing a bachelor’s in finance, Economics or business-related field.
• Good quantitative and analytical skills and basic understanding of financial instruments is preferred though not required.
• Solid understanding of financial analysis/econometrics
• Good written and verbal communications skills
• Working knowledge of one or more of the following; Microsoft Excel, VBA, Access, SQL, SAS, and Python
• In-office work requirements dependent on role

Hourly Rate : $35/hour

Status : Full-time; Paid (Seasonal)

Start Date : June 2027 (10 Week Summer Internship)

If offered a fulltime opportunity following the internship, this role will transition into our International Talent Program (ITP). The ITP is an 18-month global traineeship designed to accelerate your development and broaden your exposure across the organization. Throughout the program, you’ll complete three structured rotations in different business areas, two here in NYC and one abroad, which will offer you the opportunity to build a wide-ranging skillset and strong internal network. Upon successfully completing the program, you will move into a permanent role aligned to your strengths, interests, and performance.

ING is a committed equal opportunity employer. We welcome applicants of diverse backgrounds and hire without regard to color, gender, religion, national origin, citizenship, disability, age, sexual orientation, or any other characteristic protected by law. We celebrate these differences and rely upon your unique perspective to innovate and seize new opportunities. Come as you are.

ING Bank does not have a commercial banking license in the U.S. and therefore not permitted to conduct a commercial banking business in the U.S. Through its wholly owned subsidiary ING Financial Services LLC, and its affiliates, it offers a full array of wholesale products such as commercial lending and a full range of FM products and services