Internship Transaction Services/Trade Finance Services at ING in AME (Amsterdam - Maple)

ING is looking for an Intern for a work-along internship at the Transaction Services/Trade Finance Services team of Financial Institutions (“FI TFS”). The internship will be in Amsterdam for a minimum period of 6 months. The Team FI TFS is part of ING Wholesale Banking, Financial Institutions. The team in Amsterdam has a leading position in providing risk mitigation and financing of international trade. Our counterparties are for the majority foreign banks, and ultimate clients are exporting and importing corporate clients of ING Bank. Key words for our department are diversity, accuracy mixed with creativity, and complexity; making this an environment particularly suited for internationally minded team players with organizational skills, eye for detail and entrepreneurial/commercial drive combined with an ability to perform under tight deadlines. Role and Responsibilities Processing/pricing of the trade finance transactions Handles flow trade finance transactions (i.e., letters of credit/stand-by letters of credit/guarantees, etc) presented for approval to the TS Sales team within the set limits. Is responsible for certain aspects of the transaction handling, such as arranging the approval and the administrative tasks after closing. Checks whether transactions comply with certain parameters such as available limits, tenor and structure. If the transaction falls…