Summer 2027 Internship - Risk

Wholesale Banking | Risk | Summer 2027 Internship | New York

About ING

In the 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 join ING, you become part of a team where individuality is encouraged. ING provides people with the freedom to take risks, think differently, take ownership of their work, and make great things happen—supported by a global network that offers scope to take your career in new directions.

Sound like a place where you’d feel at home? We’d love to hear from you.

About the Position (TRM)

TRM (Treasury Risk Management) is a central part of ING’s Financial Risk management framework. Its primary responsibility is the assessment, monitoring, and management of risks related to financial markets products. TRM is responsible for market risk management and product control activities for trading books, and for Asset Liability Management control activities by assessing interest rate and liquidity risk.

During the internship, you will learn 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 also develop working knowledge of systems used to report daily risk and P&L. These front-office trading and finance systems may include Sophis, MUREX, Summit, and Peoplesoft products.

You will assist with special project work on topics related to your field of study. On completion of the internship, you will have developed foundational skills to analyze and deliver market risk and P&L reports, build an understanding of trading asset classes (including security financing, fixed income such as rates/credit/fx, commodity, and bank asset/liability management), and contribute to streamlining reporting and reconciliation efficiencies.

Department and Role Overview

ING New York is seeking dynamic and eager interns for the following Risk Management departments:

Transactional Approval and Advisory (TA&A)

TA&A is responsible for the analysis, advice, and decision-making of tailored (lending) transactions for key Wholesale Banking clients in the Americas region across several sectors, while safeguarding the bank’s risk appetite.

Risk managers (risk officers) have deep understanding of credit structuring, credit risk, and businesses/markets, including assessment of related risks such as ESG, compliance, and climate risk. Interns will help recommend and decide on credit applications for new transactions, modifications, and (Risk Rating) reviews. There is an opportunity to participate in Portfolio/Sector review meetings and learn about various sectors and credit products.

Trading Risk Management (TRM)

TRM is a central part of ING’s Financial Risk management framework. Its primary responsibility is the assessment, monitoring, and managing risks of financial markets products. TRM is responsible for market risk management and product control activities of trading books, and for Asset Liability Management control activities by assessing interest rate and liquidity risk.

Interns learn 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 also develop working knowledge of systems used to report daily risk and P&L, which may include Sophis, MUREX, Summit, and Peoplesoft products.

You will assist with special project work on topics related to your field of study, and build basic skills to analyze and deliver market risk and P&L reports, develop understanding of trading asset classes (including security financing; fixed income such as rates/credit/fx; commodity; and bank asset/liability management), and contribute to streamlining reporting and reconciliation efficiencies.

Counterparty Credit Risk (CCR)

Counterparty Credit Risk (CCR) is a second line of defense that supports the financial markets business by managing credit exposure on trading activity with other financial institutions (counterparts). CCR covers both banks and non-bank financial institutions transacting in derivatives and securities financing with ING.

The main goal is to determine risk appetite (through limits and transaction approval), manage, and monitor trading counterparties. CCR requires deep understanding of fundamental credit analysis, legal documentation, and understanding of risks and corresponding risk measurements of financial market products.

In this role, you will support senior analysts with individual and sector reviews, including fundamental credit analysis, peer financial analysis, and the submission of credit reports, limits, and ratings. You will also assist with risk reporting and monitoring (including out-of-policy collateral, periodic market and risk reports, etc.), board presentations, and participate in due-diligence calls with C-level management of ING’s counterparties.

Credit Restructuring

Credit Restructuring finds solutions for large customers in difficulty and acts as the restructuring knowledge center for the bank. Its objective is to preserve principal, maximize recovery while minimizing liability, and determine a strategy that best benefits the bank and its customers. It 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 bankers to recommend a course of action designed to maximize recoveries for the institution.

You will gain exposure to a range of complex, large credits across all sectors of the institution’s Wholesale Banking platform, including international credits that involve cross-border dialogue.

ORM/IRM Non-Financial Risk

Operational Risk Management (ORM) focuses on business-related risk. ORM monitors line management adherence to risk policies, minimum standards, regulations, and the proper functioning of management control activities. Through regional NFRC meetings, risk management provides ING management with information on results of monitoring activities (e.g., NFR Dashboard, overdue rates, incident reports, etc.).

Operational Risk Management (ORM) is part of the second line of defense and is responsible for the risk management and reporting of non-financial operational risks. ORM includes Operational, Information Risk Management, Security and Business Continuity, and Special Investigations functions.

Information Risk Management (IRM) focuses on IT-related and continuity risk. It is an ongoing iterative process of defining, implementing, monitoring, and maintaining relevant policies, minimum standards, procedures, tools, and technologies to reduce 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.

MRM assesses whether models are conceptually sound, appropriately designed, and producing reliable and unbiased results. The team 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 (IRM)

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.

IRM helps establish consistent risk governance, policies, and reporting practices across the institution. It supports senior management by aggregating risk information to identify emerging trends and enable informed decision-making. This work strengthens the firm’s overall risk culture and resilience by promoting a coordinated approach to managing risk.

Compliance

Compliance helps ensure that businesses and support functions operate in compliance with regulations and internal policies to protect ING from reputational and economic damage resulting 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’s risk appetite. Focus areas include Financial Crime, Conflicts of Interest, Bribery & Corruption, Insider Trading, Conduct & Ethics, and Data Privacy, as well as 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. This role provides exposure and active engagement across all areas through routine activities and 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

• 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 able to work collaboratively with others.
• Rising seniors (graduating in 2028) pursuing a bachelor’s/master’s degree in finance, economics, or a business-related field.
• Minimum GPA of 3.3 on a 4.0 scale.
• Good quantitative and analytical skills and a basic understanding of financial instruments are preferred, though not required.
• Solid understanding of financial analysis/econometrics.
• Good written and verbal communication skills.
• Working knowledge of one or more of the following: Microsoft Excel, VBA, Access, SQL, SAS, and Python.
• In-office work requirements depend on the role.

Details

• Hourly Rate: $35/hour
• Status: Full-time; Paid (Seasonal)
• Start Date: June 2027 (10-week Summer Internship)