Intern, Finance - Product Control at ING in Singapore

Job description

• At ING, we're redefining what it means to be a bank, and we're looking for students who are curious, proactive, and eager to make a meaningful impact. If you're excited to learn, challenge the status quo, collaborate with diverse teams, and turn ideas into action, our internship programme offers the opportunity to gain hands-on experience, develop your skills, and contribute to an international organisation that values continuous growth and innovation.
• Department/Function: Finance
• Team: Product Control
• Internship Period: 6 months; January - June 2027
• We offer different internship opportunities in different departments and locations of our Wholesale bank. This vacancy focuses on positions within the FM Product Control function.
• Product control is critical to safeguarding financial integrity and regulatory compliance, managing operational risks, and enabling informed decision making across trading activities. Under Product Control, the team ensures that the valuation of financial instruments, balance sheet, and profit and loss of trading and banking books within Financial Markets are measured, controlled and reported in accordance to IFRS accounting and regulatory standards.

Responsibilities

• Singapore is the regional hub for ING, including for product control activities. There are a number of different Financial Markets desks controlled/supported by Product Control including Rates, Credit, FX, Commodities, Structured products, Non-linear derivatives, etc. The internship would cover:
• Daily P&L reporting and risk based P&L analysis in terms of market risk factors
• Working on ad hoc ongoing projects related to product and valuation control
• 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 SOX, audit, IFRS accounting standards, regulations, bank’s risk management philosophy, current economic climate, etc.

Requirements

• - Major in Finance/Accounting and/or Quantitative Finance/Data analytics (is a plus)
• - Good written and oral communication skills
• - Should have sufficient knowledge of MS Excel
• - VBA / coding knowledge is a plus
• - Good time management and adaptability
• - Collaborative and be pro-active

Skills

Required

• Sufficient knowledge of MS Excel
• Good time management and adaptability
• Collaborative and be pro-active

Preferred

• VBA / coding knowledge

Benefits

• Exposures to various Financial Market businesses which includes their respective P&L attribution, product control and valuation management framework within the bank.