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(Bank) Financial Institutions - 2025 1h Intern
Posted on Nov. 18, 2024
- 11, South Korea
- No Salary information.
- Full Time
Position: Intern (Undergraduate)
Dept/Function: Financial Institutions
Internship Period: Full time for 6 Months
Openings: 1
Please note that the application deadline for this internship is November 29, 2024
Why ING?
The world of banking is changing faster than ever. That’s 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 Pacific
In Asia Pacific, ING offers wholesale banking across 11 markets, namely Australia, China, Hong Kong SAR, India, Indonesia, Japan, the Philippines, Singapore, South Korea, Taiwan, and Vietnam.
ING offers both retail and wholesale banking services in Australia. ING’s regional presence includes a 13% stake in Bank of Beijing, China and a 30% stake in TMBThanachart Bank 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 Financial Institutions (‘FI’) Team do in ING?
The FI team covers banks and non-bank financial institutions in Korea, such as securities firms, asset managers, insurance companies, and other institutional investors (pensions, sovereign wealth funds and mutual aid associations). The FI team is a primary relationship contact to the client for their wholesale banking needs, mainly in products ; Financial Markets, Lending (incl. Structured Finance), and Transaction Services.
Key responsibilities include
- Developing business opportunities by offering various products and setting up strategies to manage overall relationships with the clients
- FI team collaborates with other sectors and product partners globally within ING’s Wholesale Banking network (e.g. Financial Institutions Lending, Financial Instituion Transaction Service, Real Estate Finance & Infrastructure Sector, Energy Sector, Global Balance Sheet Distribution, Sustainable Finance etc.) to provide sector/products expertise to FI clients.
What would you be doing?
- Support Relationship Managers in managing portfolio of Financial Institutions clients
- Take initiative to analyze and research into Financial Institutions industries (e.g. bank, securities, insurance etc.) to support regular client reviews.
- Conduct research to support the FI team’s marketing efforts (e.g. prepare presentation materials on FI products, translate research documents)
- Assist Relationship Managers in constructing strategies to expand business opportunities (e.g. preparing business strategy paper etc.)
- Work with Know-Your-Customer (KYC) analyst and Relationship Managers for Customer Due Diligence(CDD) duties
What qualities and skills are we looking for?
We are looking for a passionate individual who meets the following criteria:
- Pursuing a Bachelor’s degree
- Strong written and verbal language skills (both English and Korean)
- Proficiency in MS-office applications (e.g. PowerPoint, Excel)
- Strong quantitative orientation and analytical skills
- High motivation and sense of responsibility
- Fast learner
- Positive attitude with strong inter-personal and communication skills
- Ambition to learn about global banking and financial institutions
What would you gain from this internship?
- Opportunities to be exposed to direct communication with ING’s global sectors/product partners (e.g. US or European Real Estate Finance, Financial Institutions Lending in Amsterdam and Singapore)
- Closely track growth strategies and trends (e.g. sustainable/ESG finance, etc.) for better understanding in global banking industry
Work closely with Relationship Managers to learn how to develop business with growth plan and strategy, to gain insight into Financial Institution Sector
Required Documents
- English Resume; and
- Academic Transcript (with Cumulative GPA)
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