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 13 markets, namely Australia, China, Hong Kong SAR, India, Indonesia, Japan, Malaysia, the Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam.
Singapore is the regional headquarters for ING's Wholesale Banking (WB) business in Asia and includes all WB business lines such as Financial Markets, Sectors, Lending, Capital Markets & Advisory and Transaction Services and other support functions.
The Opportunity
The Environmental and Social Risk (ESR) Team in APAC has an opening for a 4-6 month Internship, where you will support the team with the development and application of Environmental and Social Risk (ESR) Policy Framework. This covers a wide spectrum of areas such as energy, metals and mining, commodities, agriculture, infrastructure, and defense. By applying these policies consistently, we promote positive change and support our clients in achieving an improved performance while helping to de-risk our business engagements in the areas of environmental, social, human rights, climate change and occupational health & safety risk management.
An overview of Duties and Responsibilities
Advice
• Analyze the client and transaction which in combination provides the overall ESR profile associated with the business engagement. You will provide ESR advice for engagements in various types of transactions originated in APAC.
• Review and challenge the Wholesale Banking Front Office (FO) on the new ESG Risk Assessment (from One.ESG), which is our new data-led assessment of client-related ESG risks. This can also entail reviewing Climate Transition Plans;
Engage with WB Front Office, Consultants and Clients
• You will support the Front Office in providing guidance to clients on the environmental and social risks review process.
Monitor and Report
• You will track and monitor WB client portfolio on conditions set in previous ESR advice
• You will work with and support the ESR team on important bank initiatives covering climate change, nature, biodiversity, and human rights, including legislative and regulatory developments.
• Regularly discuss with ESR Team on relevant market developments and trends that need to be considered for the development and update of the ESR Policy Framework, as well as its integration into the new ESG Risk Framework (including mandatory instructions);
What’s in it for you?
• You’ll be a part of a multicultural, motivated team of professionals with various levels of expertise and experience;
• You’ll learn to think critically and form opinions fast;
• A unique opportunity to work on environmental and social impact – improving our ESG risk management and sustainability performance from a business perspective;
• Provide meaningful contributions to the team’s efforts on the topics of climate change, nature, biodiversity, and human rights;
• Learn about the risk management frameworks commonly used in ESR, such as IFC Performance Standards, World Bank Environmental, Health and Safety Guidelines, Equator Principles, and OECD Responsible Business Conduct practices;
• Understand how ING is responding to the evolving ESG regulatory and legislative landscape as we implement the EBA Loan Origination & Monitoring Guidelines (and ESG guidelines), CSRD, CSDDD and EU Taxonomy for Sustainable Finance.
What qualities and skills are we looking for?
-
undergraduate in any discipline, specializing in engineering, economics, finance
-
Highly proficient in Microsoft Powerpoint, Excel, and Word
-
Experience in data management and related programming tools will be a plus
-
A good team player who is analytical, detail-oriented, organized and systematic
-
Excellent communication skills with a can-do attitude
-
Fluent in spoken and written English
