Internship trade finance services at ING

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.

Wat ga je doen?

  • 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.
  • Depending on need/possibilities, provides assistance to Regional Desks of the Department in various aspects related to the specific region.
  • Depending on need/capabilities, other activities or projects can be part of the assignment

Wat krijg je er voor terug?

Every year, hundreds of students from secondary vocational/higher education (HBO and WO level) join ING on an internship, either working within one of the many departments or conducting research for their graduation project. While there are of course no guarantees, in practice many former ING interns subsequently move into a starter’s role at ING or onto the ING International Talent Programme (traineeship). Whatever happens, an internship at ING is the ideal opportunity to meet a wide variety of people, start to build up your own network, and learn about many different aspects of business – which all adds up to a great start for the rest of your career!

Wat ga je doen?

  • 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.
  • Depending on need/possibilities, provides assistance to Regional Desks of the Department in various aspects related to the specific region.
  • Depending on need/capabilities, other activities or projects can be part of the assignment

Wat krijg je er voor terug?

Every year, hundreds of students from secondary vocational/higher education (HBO and WO level) join ING on an internship, either working within one of the many departments or conducting research for their graduation project. While there are of course no guarantees, in practice many former ING interns subsequently move into a starter’s role at ING or onto the ING International Talent Programme (traineeship). Whatever happens, an internship at ING is the ideal opportunity to meet a wide variety of people, start to build up your own network, and learn about many different aspects of business – which all adds up to a great start for the rest of your career!

Wie is ING

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.

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.

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