Internship - Debt Capital Markets (DCM)

About the job

The ING Debt Capital Markets (DCM) origination team in Amsterdam offers off-cycle internship positions to high potential candidates with a strong motivation to work in Debt Capital Markets (DCM). As an intern you will support the local FIG Origination Team with the aim to maximize ING’s chances to execute bond mandates for its client base.

Your work environment

The Debt Capital Markets group is comprised of several capital markets businesses: Financial Institutions Group, Investment Grade Corporates, High Yield, Sustainable Markets, EM and Capital Structuring & Liability Management. DCM Origination is part of ING’s Global Capital Markets team within the Wholesale Bank.

The Team

The Capital Markets team in Amsterdam covers both Investment Grade corporate as well as Bank and Insurance bond issuers. The group works closely together with Relationship Managers, Corporate Finance, M&A and other product specialists within the ING network, advising on a wide range of funding opportunities in the Capital Markets. You will be joining a highly skilled team who will be training and guiding you, and as such, you will be seen as a full member of the team.

Role and Responsibilities

As an intern you will be working with the Financial Institutions origination team covering key ING clients in Europe and North America. The job will among other things comprise the following aspects:

• Provide direct support to DCM originators with the aim to win new business
• Be part of the deal team to support deal execution
• Take the lead in producing content and presentation materials
• Coordinate and prepare market and pricing updates
• Identify market opportunities by applying knowledge from various market sources, including Bloomberg, macro-economic research and client-specific news
• Liaise with other key ING stakeholders to identify opportunities, enhance internal cooperation and maximize client cross-buy, including Sector Coverage relationship managers, other DCM departments, DCM Syndicate, Capital Structuring & Advisory, FM Research, FM FIG Sales and FM Client Solutions Group
• Support product development within the DCM team, including ESG bond structuring, Capital Structuring and Liability Management

Who we are looking for

To be considered for this internship we require the following knowledge and experience:

• Demonstrable affinity with Corporate Finance and Financial Markets
• Well-rounded academic background with coursework in finance and/or economics preferred
• Minimum of a Bachelor of Science degree required; Master level preferred from an internationally acclaimed university
• Basic knowledge of international bond markets and fixed income instruments
• Macro-economic knowledge to read the market and identify opportunities
• Excellent English writing and verbal communication skills; other European languages are a plus
• Advanced PowerPoint and Excel skills, and preferably familiarity with Bloomberg Terminal
• Ability to read balance sheet, P&L and cash flow statements
• Ability to work well under pressure and tight deadlines, with willingness to go the extra mile
• Applicants are required to be enrolled at a university for the full duration of the internship
• Applicants need to be available full-time for the full duration of the internship on location
• The internship should not be combined with frequent classroom presence for studying purposes, as the internship position is full-time
• During the internship at ING, it is mandatory to be enrolled at a Dutch university, or an EU university for EU passport holders
• ING does not provide relocation nor visa/working permit related assistance in The Netherlands

What do we offer?

• Unique opportunity to learn about Capital Markets in practice
• Advanced training on the job, including Bloomberg and MS Office
• Exposure to complex projects requiring cooperation with other departments
• Live deal-execution experience with an active role in deals with high market visibility and international press coverage
• Opportunity to create a network within ING as well as in the wider banking sector

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

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.