Intern - Lending: Portfolio Management Project Finance

The Opportunity

The Portfolio Management team is the ‘center of excellence’ for the in-life management of ING’s lending exposure towards corporate clients within Sectors & Specialized Lending. It covers all activities post the initial funding to the final repayment of a lending transaction. As a front office department, it closely collaborates with Origination & Structuring colleagues and product specialists to ensure a seamless client experience. Each portfolio manager will cover a set of portfolio clients and act as the first point of contact for the ongoing credit monitoring, analytics, internal risk and other reporting. Portfolio Management supports the identification of cross-buy opportunities and is also closely involved in the delivery of ING’s capital velocity targets.

Role and Responsibilities

The specific responsibilities of an Intern include actively managing together with the Portfolio Managers all facets of the individual files booked in the portfolio, including but not limited to:

• Quarterly and annual credit reviews
• Process amendment and waiver requests, write or review credit modifications, submit
• Review annual risk rating updates prepared by an administrative support team
• Diligent and proactive credit monitoring through the review of all financial covenants and operating performance (e.g. financial models, proforma adjustments, key drivers, etc.) and track compliance of covenants prepared by an administrative support team
• Identification and resolution of Early Warning Signals for a deterioration in credit quality

In addition, an Intern will monitor and identify together with the Portfolio Managers market developments and proactively manage their potential impact on your portfolio by:

• Preparing and maintaining reports as requested by regulators or internal stakeholders
• Preparing quarterly Credit Risk Management (“CRM”) portfolio reviews
• Maintaining various department and industry databases/trackers
• Maintaining internal portfolio tracking metrics
• Responding to ad hoc internal requests on portfolio composition and exposure
• Coordinating and working with offshore portfolio support teams
• Managing lending limits and Capital Velocity programs

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.

Education

• University degree major in business/economics, law or relevant business discipline.
• CFA and/or MBA a plus

Competencies

• Collaborative and inclusive team player; embracing diversity and cross-cultural awareness and able to work effectively across functions
• Strong financial and credit analysis capabilities
• Good presentation and communication skills
• Collaborative mindset
• Committed and dedicated individual who wants to continuously improve
• Self-motivated and willing to work in a deal oriented and deadline driven environment
• Knowledge of legal documentation

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.

• 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

Additional requirement

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).

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.