Intern - FCFP - Network Based Transaction Monitoring

As an intern, you will be part of the Eclipse program team, next to supporting Operational Readiness Stream you will be working on an impact assessment on expanding our current scope of the program with Legal Entities. Also, we are looking for support to set up a plan of approach to upgrade our client base in Quantexa (QTX) and add any relevant clients currently under Retail Banking (RB).

The team: Specialised Products and Services (SPS)

International and local law require financial institutions to take their responsibility in identifying Financial Economic Crime (FEC) risks, such as money laundering, terrorist financing, sanctions, export trade controls, proliferation financing, bribery & corruption, tax evasion and controlling integrity risks. Therefore, ING has defined a cohesive and consistent bank-wide Know Your Customer (KYC) framework which defines a set of global KYC standards (i.e. KYC Policy) that is consistently interpreted, compliant by design and underpinned by automated processes and workflow management. The framework is vital in ensuring the integrity of our banking environment and maintaining trust in ING. The requirements are based on laws and regulations, industry standards, as well as ING’s internal risk appetite.

The Specialized Products and Services (TM SPS) team covers monitoring of ING clients’ transactional activity in the Trade Finance, Financial Markets, Correspondent Banking, Payment Service Provider area and is leading the implementation of Quantexa across ING.

Quantexa is a comprehensive tool which leads to contextual and network-based monitoring. Exploring the network and investigating the connection between customer and the counterparties and their related transactions supports the AML (Anti Money Laundering) alert investigation process investigators or analysts must perform.
 

Key Responsibilities

• Financial Analysis & Modelling
• Change management principles, including impact analysis
• Pitchbook & Presentation Preparation
• Help prepare client presentations, pitchbooks and internal materials for transactions and advisory mandates
• Contribute to credit approval processes, due diligence processes, legal documentation, data analysis, and coordination with internal and external stakeholders
• Team Collaboration
• Work closely with stakeholders across different levels to ensure timely and accurate delivery of workstreams

How to succeed:

We hire smart people like you for your potential. Our biggest expectation is that you’ll stay curious. Keep learning. Take on responsibility. In return, we’ll back you to develop into an even more awesome version of yourself.

To take on this challenging and rewarding opportunity, you’ll need: 

• Currently pursuing a degree in Finance, Economics, Business Administration, Change
• management or a related field.
• Strong analytical and quantitative skills; proficiency in Excel and PowerPoint
• Excellent communication skills and attention to detail
• Independent thinker, speak up if you feel that it is required
• Ability to work in a fast-paced, team-oriented environment

What We Offer:
This role offers a unique, tough and challenging opportunity to join a strategic program that will enhance the Transaction Monitoring set up for Wholesale Banking (WB) in terms of efficiency and effectiveness.

Rewards and benefits

This is a great opportunity to train with highly skilled people who are experts in their field. You’ll do a lot and learn a lot – not only about your specialist area and the bank, but also about yourself and whether this type of environment is right for you.

You’ll also benefit from:

• Internship allowance

• Your own work laptop

• Hybrid working to blend home working for focus and office working for collaboration and co-creation

• Personal growth and challenging work with endless possibilities

• An informal working environment with innovative colleagues

During the duration of your internship at ING, it is mandatory to be enrolled at a Dutch university (or EU-university for EU passport holders).

Questions?
Contact the recruiter attached to the advertisement. Want to apply directly? Please upload your CV
and motivation letter by clicking the ‘Apply’ button.

About our internships

Every year, more than 350 students join our internship program. While there are no guarantees about your future, many of our former interns move into a permanent role or onto our International Talent Programme (traineeship).

Whatever happens, an internship at ING is the ideal opportunity to meet a wide variety of people, to build up your own network, and to learn about many different aspects of banking – put simply, it’s a great start to your career.