Job Description

Why ING?
The world of banking is changing faster than ever. Thatxe2x80x99s why we at ING are always broadening our horizons. Our people have a forward-thinking mentality, a strong can-do spirit and enjoy working in an agile environment.ING in Asia PacificIn Asia Pacific, ING offers wholesale banking across 11 markets, namely Australia, China, Hong Kong SAR, India, Indonesia, Japan, Philippines, Singapore, South Korea, Taiwan and Vietnam.ING offers both retail and wholesale banking services in Australia. INGxe2x80x99s regional presence includes a 13% stake in Bank of Beijing, China and a 25% stake in TMB in Thailand.Singapore is the regional headquarters for ING's Wholesale Banking (WB) business in Asia, which includes all WB business lines such as Financial Markets, Strategic Products, Sectors, Lending and Transaction Services and other support functions.What does the Interest Rates Trading Team do in ING?Interest Rates Trading is part of the Financial Markets division in ING. The Singapore desk provides pricing and liquidity in interest rate derivatives to the broad spectrum of ING corporate clients as well as to ING Asiaxe2x80x99s regional rates trading desks in Seoul, Shanghai, Manila, and Taipei.Our mandate covers Interest Rate Swaps, Cross Currency Swaps, and FX Forwards/Swaps, in G10 and 10 other Asian currencies.What would you be doing?Assisting with BAU tasks such as risk checks, reporting, and cash managementWorking closely with our traders to support risk management, trading strategies, and P&L calculationsMaintaining and improving existing files and processes xe2x80x93 which could be part of larger projects that will benefit the deskWhat qualities, skills and other criteria are we looking for?We are looking for a passionate individual who meets the following criteria:You should have legal work rights in the country of internship.Self-driven in learning and process improvementIntermediate understanding of Global Financial MarketsBasic understanding of derivativesStrong command of Excel (VBA is a big plus) - e.g. nested logic functions, lookupsWhat would you gain from this internship?An indepth understanding of risk management within the rates trading environment as well as a the processes involved in hedging risks profitably within mandated strategies in an efficient and compliant manner.Need more information?
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