Summer 2027 Internship - Finance

Wholesale Banking | Finance | 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 with scope to take your career in new directions.

Does this sound like the kind of place you’d feel at home? We’d love to hear from you.

Finance & Group Treasury: Role Overview

The Finance Department provides insightful and timely financial information to ING’s leadership and external stakeholders. This enables ING’s management to make sound financial decisions and achieve a sustainable competitive advantage through:

• Empowering ING’s managers and stakeholders to plan, forecast, control, and continuously optimize financial performance by providing timely, accurate, and relevant financial information and decision support.
• Providing financial accounting and regulatory reporting in full compliance with statutory and regulatory requirements, achieving best-in-class finance ownership by efficiently and flawlessly managing operational activities.
• Enforcing and coordinating rigorous financial controls, bank-wide governance and reporting to establish cost transparency, proactively managing financial performance against clear targets, and instilling a cost-conscious culture across the organization.
• Maintaining continuous and accurate oversight on the correct implementation of policies that influence the relevant financial reporting obligations of regional businesses.

The Group Treasury department manages ING Americas’ funding, liquidity, and balance sheet risks to support the firm’s financial strength and regulatory compliance. The team oversees liquidity and funding positions, manages key treasury risks, optimizes the balance sheet, and partners with business lines to ensure products and business activities are aligned with funding, liquidity, and risk objectives.

Key areas of focus

• Managing funding, liquidity, and capital positions across normal and stressed market conditions.
• Monitoring regulatory liquidity requirements, including Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR).
• Managing interest rate, foreign exchange, and liquidity risks.
• Managing the High-Quality Liquid Asset (HQLA) portfolio.
• Executing interest rate hedging strategies to mitigate balance sheet risk.
• Advising business lines on funding, pricing, and balance sheet implications of new and existing products.

Internship Program

This internship program targets exceptional candidates. It is a pipeline program where successful interns may receive a full-time offer to return the following year or may be selected to follow an 18-month rotational professional development program within the Finance & Group Treasury Departments.

ING is looking for a dynamic, eager intern excited to learn about any (or all) of the following departments within the ING Americas Finance Department. This role provides broad financial exposure with active engagement across routine activities and special projects in partnership with the organization.

Local Regulatory Reporting (Finance, New York)

The Local Regulatory Reporting team is responsible for regulatory and financial reporting for ING’s Swap Dealer (ING Capital Markets (INGCM)) and ING’s US Broker Dealer (ING Financial Markets LLC (INGFM)). Team members report to external regulators on a daily, weekly, monthly, quarterly, semi-annual, and annual basis, as well as on an ad hoc basis. They also prepare internal deliverables to ensure the quality and review of external filings.

• INGCM is a registered Swap Dealer with the Commodities Futures Trading Commission (CFTC) and is registered with the Securities and Exchange Commission (SEC) as a security-based swap dealer. INGCM is generally the sole ING entity authorized to enter into swaps with US clients, principally institutional clients, corporates, bank and non-bank financial institutions, as well as corporate lending clients of affiliates. INGCM provides customer facilitation services for interest rate, credit, equity, commodity, and foreign exchange swaps. INGCM became a registered standalone US Swap Dealer and must comply with CFTC capital, financial, and regulatory reporting rules.

• INGFM is a registered broker-dealer with the SEC, a member of FINRA, a member of SIPC, and a member of various exchanges. The company primarily provides customer facilitation services for equity and fixed income securities, securities lending activities, repurchase and resale transactions, underwriting services, and clearing and custodial services for ING’s affiliates.

Financial Accounting & EU Regulatory Reporting

The Financial Accounting (FA) team is dedicated to maintaining a holistic and robust reporting environment, supported by accurate financial data and a strong control framework. The team ensures the proper presentation of financial and regulatory reporting for applicable entities in alignment with ING Group policies and procedures, as well as relevant accounting and regulatory frameworks.

Core responsibilities include managing accounting closing processes, preparing and analyzing monthly financial statements, and conducting analytical reviews of Balance Sheet and Profit & Loss variances. The team’s processes and controls support external financial and regulatory reporting. To uphold a strong control environment, the team implements rigorous governance over financial data, including reconciliation and validation processes, and collaborates closely with internal and external stakeholders.

Product Control

Product Control is a key function that recently transitioned into the Finance team (previously part of the Risk team). The team provides independent oversight and analysis of trading and banking products to ensure the integrity of financial results.

The team works closely with Front Office, Treasury, Risk, and Finance to validate valuations, analyze daily and monthly profit and loss, review pricing models and adjustments, support new product approvals, and strengthen the control environment. Product Control plays a critical role in ensuring accurate financial reporting, regulatory compliance, and in analyzing key drivers of P&L results to help the business make more informed decisions.

Policies & Procedures

The Policies & Procedures team interprets and applies US and European accounting standards and regulatory reporting rules, and guides the firm to meet new rules and changes in rules. The team also provides proactive advice on how standards and requirements affect the firm’s business and drive optimization in how ING complies with external requirements.

The team conducts quality assurance activities on ING New York’s financial reports, testing compliance with standards and requirements and recommending improvements to reporting processes.

Tax Reporting and Strategy

The Tax Department manages ING’s domestic and international tax function in the Americas. The Tax Department advises on the tax implications of transactions and tax strategies for businesses within the region and with the parent bank in Amsterdam. Day-to-day, the Tax Department manages ING’s US tax accounting and tax compliance requirements and represents ING before various tax authorities that audit ING’s tax returns in the region.

Management Accounting & Advice

The Management Accounting & Advice team serves as a trusted financial advisor to business leaders, providing insights, analysis, and forward-looking perspectives needed to drive decision-making and optimize business performance. By translating financial results into actionable intelligence, the team helps shape business strategy, challenge assumptions, identify opportunities, and support sustainable growth across the organization.

Core responsibilities include:

• Acting as a strategic finance partner to business and functional leaders, providing financial insight and challenge to support informed decision-making.
• Leading the consolidated Rolling Forecast (RFC) and Dynamic Plan (DP) processes, translating business ambitions into robust financial plans and targets.
• Delivering performance reporting, variance analysis, and management information that explains key business drivers, emerging trends, risks, and opportunities.
• Advising senior management on financial performance, profitability, resource allocation, and key value creation metrics.
• Supporting the development and evaluation of strategic initiatives, business cases, and investment decisions through financial analysis and scenario modeling.
• Developing and monitoring financial and non-financial KPIs to measure business success and support strategic objectives.
• Providing consolidated cost, FTE, and productivity insights to enhance organizational effectiveness and financial discipline.
• Delivering ad hoc analysis and executive-level insights for senior management, regulators, auditors, and other stakeholders.
• Identifying emerging trends and translating complex financial data into clear recommendations that support business growth, efficiency, and long-term value creation.

Procurement / Vendor Risk Management

Procurement defines and implements best practices in vendor and contract management in alignment with global procurement policy. Key responsibilities include:

• Contract Management
  • Oversee and manage end-to-end contracting for the procurement of goods and services from external and intracompany suppliers.
  • Coordinate with Legal, suppliers, business units, and other relevant stakeholders to review and execute vendor contracts.
  • Ensure all contracts adhere to applicable external regulatory and internal requirements.
• Vendor Selection and Competitive Bidding
  • Support the execution of competitive bidding processes and facilitate the selection of qualified vendors.
• Vendor Risk Evaluation
  • Coordinate the assessment of third-party vendors prior to engagement and throughout the duration of contractual relationships via the KYS (Know Your Supplier) process for vendor due diligence.

Competencies and Criteria

• 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 can work collaboratively with others.
• Juniors (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 basic understanding of financial instruments is 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 depending on the role.

Compensation and Employment Details

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