Key Skills

Job Description

ING's Equity Capital Markets team has two internship vacancies: one within the Origination & Execution team and one within the ECM Syndicate team. Both internships will start at the end of January or beginning of February 2027, with the exact starting date to be agreed. The Origination & Execution internship has a duration of 4 to 5 months, while the ECM Syndicate internship has a duration of 5 to 6 months, in each case to be agreed. The Team Equity Capital Markets (ECM) is a joint venture between ING's Corporate Finance and Global Capital Markets departments and advises companies on raising equity capital in international stock markets. Products covered include Initial Public Offerings (IPOs), technical listings, follow-on equity issuances, secondary offerings, share buybacks, preference share issuances and equity-linked transactions. Our team has a strong track record of assisting and advising public and private companies, local and international financial sponsors and governments in structuring and executing a wide variety of equity and equity-linked transactions. Our recent IPO involvement includes the blockbuster IPOs of SpaceX, DIGI Spain, PayPay and CSG, among many others. Together with our Financial Markets teams, including Equity Research, Equity Sales, Equity Sales Trading and Corporate Access, we originate, structure, execute and distribute equity and equity-linked instruments to institutional investors and Benelux retail investors. The two internship opportunities Origination & Execution The Origination & Execution team advises clients throughout the full ECM transaction process, from identifying and developing strategic equity-capital-markets opportunities to structuring, preparing and executing transactions. The team combines company and sector analysis, transaction structuring, preparation of client materials and coordination across internal and external workstreams. Key responsibilities Supporting client pitches and transaction origination with market intelligence, valuation analysis and real-time data Assisting with the preparation and execution of high-profile global ECM transactions Tracking equity markets and preparing market updates, presentations and analyses on companies, sectors and transactions Assist in organisation of (pre-)marketing for global ECM transactions Assist in organisation of (pre-)launch activities for global ECM transactions Supporting transaction structuring, process coordination and preparation of client and transaction materials ECM Syndicate ECM Syndicate is an integral part of the ECM team and is responsible for the market execution of global ECM transactions, including equity placement, distribution, bookbuilding and price setting. The team coordinates investor marketing and interacts with issuers, institutional investors, Corporate Finance and Financial Markets teams. Key responsibilities Tracking equity markets and preparing market updates, presentations and analyses on companies, sectors and transactions Supporting client pitches and transaction origination with market intelligence, valuation analysis and real-time data Assisting with the preparation and execution of high-profile global ECM transactions Analysing and synthesising investor feedback, broker commentary and market developments Working closely with Equity Research, Equity Sales, Equity Sales Trading, Corporate Access and other internal teams Assist in organisation of (pre-)marketing for global ECM transactions Assist in organisation of (pre-)launch activities for global ECM transactions Supporting bookbuilding, demand analysis, pricing and allocation workstreams for the ECM Syndicate team Supporting transaction structuring, process coordination and preparation of client and transaction materials Assisting with share buybacks, disposal transactions and deal administration where relevant What We Offer As an ECM intern, you will work in a young, dynamic and highly motivated team on challenging projects for high-profile global clients. The internship offers: A transaction-driven, dynamic and energetic work environment A steep learning curve and direct exposure to live and prospective ECM transactions Experience with key databases, including Bloomberg, Capital IQ, Dealogic and FactSet Development of both technical skills, including PowerPoint and Excel, and interpersonal skills Broad exposure across the ING Wholesale Banking organisation A collaborative and enjoyable working environment within a young team ECM transactions are complex and demanding. Joining our team will give you a strong foundation for a future career in investment banking and capital markets. Who Are We Looking For We are looking for ambitious and curious research-university (WO) students, either pursuing a Master's degree or in the final year of a Bachelor's degree, with strong academic results and a background in Economics, Econometrics, Finance, STEM or a related field. You are passionate about equities and capital markets and have strong problem-solving and interpersonal skills, sound judgement and excellent attention to detail. You work efficiently in a fast-paced environment and are an energetic, proactive team player who is willing to go the extra mile. Other Information Two vacancies: Origination & Execution and ECM Syndicate Starting date: end of January or beginning of February 2027 (to be agreed) Duration - Origination & Execution: 4 to 5 months (to be agreed) Duration - ECM Syndicate: 5 to 6 months (to be agreed) The internships are in person at ING's Amsterdam office 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 of 700 EUR based on a 36 hours work week 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). Want to apply directly? Please upload your CV and motivation letter by clicking the ‘Apply’ button. Application Requirements Applications must include (i) a cover letter, (ii) a CV and (iii) university grade list(s). At this stage, you do not need to indicate a preference for either position, as we will explain the differences between the two roles in more detail during the interview process. However, if you already have a strong preference, please feel free to indicate this in your application. Candidates must be enrolled at a Dutch research university* for the entire duration of the internship, must be fluent in English (Dutch is a plus) and are expected to reside in the Netherlands. Applications are reviewed on a rolling basis. Educational institution recognised as a sponsor by the IND that can apply for a student residence permit in the Netherlands. The only exception is for candidates with an EU passport who do not require a visa to complete an internship in the Netherlands and are registered at a European university. 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.

Core Responsibilities

Support the origination, structuring, preparation, and execution of global equity and equity-linked transactions, including client pitches, market analysis, and transaction materials. For the Syndicate role, also support investor marketing, bookbuilding, demand analysis, pricing, allocation, and coordination with internal teams and investors.

Requirements

Applicants should be ambitious, curious research-university students pursuing a master's degree or in the final year of a bachelor's degree, with strong academic results in Economics, Econometrics, Finance, STEM, or a related field. Candidates need a passion for equities and capital markets, strong problem-solving and interpersonal skills, sound judgment, attention to detail, English fluency, and enrollment at an eligible Dutch or European university for the internship; Dutch is a plus.

Benefits

• Internship Allowance
• Work Laptop
• Hybrid Working
• Personal Growth Opportunities
• Challenging Work
• Informal Working Environment