Intern Transaction Monitoring and Screening

Your role & work environment

Money laundering, Tax evasion and Financial & Economic Crime (FEC) as a whole are affecting our economy & social welfare by distorting prices, stimulating (cyber)crime, diverting resources and weakening economic & social policies. Significant amounts of dirty money are circulating, and criminals are looking for any opportunity to recycle the profits of their crimes through the financial sector. Our Financial Crime Prevention (FCP) Tribe plays a key role in the fight against FEC.

At FCP, our work environment is inspiring, and people & delivery focused. To achieve this, we listen to and lead our people. We relentlessly improve the data driven approaches to FCP and invest in the data proficiency of our team members. We leverage artificial intelligence capabilities, continuously reduce non-value-added process steps, and seek to simplify and automate all processes of the FCP journey whilst being compliant at the same time. We are ambitious!

You will be working within the Transaction Monitoring & Screening squads.

The squads have end-to-end ownership of the transaction monitoring (TM) & screening processes. They rely on analytical tools and processes to identify unusual and potentially suspicious customer behaviour, as well as sanctioned persons within customer portfolio and transactions. The analytical tools process millions of records daily to highlight such customer behaviour, and relevant FEC risks for treatment by FCP investigators. 

The team ensures the correct implementation, configuration, updates and operationalization of analytical tools and processes. We achieve this via data-driven and risk-based methodologies to ensure adherence to both ING's risk appetite and regulatory requirements.

We work and coordinate with many stakeholders (in Belgium, Amsterdam Global HQ, and other international ING Hubs) to implement required changes & ensure that the process runs efficient and effective daily.

Your key responsibilities

As an intern within the squad, you’re asked to contribute so the processes are efficient and customer-oriented, having short time-to-market of new solutions, by leveraging on innovation and smart data, while taking the regulatory requirements into consideration.

To enhance the KYC processes

• You are willing to gain a good understanding of the Transaction Monitoring and Screening processes. You build knowledge on current and future data, tooling, processes & risk landscape

• You assist in the assessment and identification of gaps between our current processes and new regulatory requirements, as well as operational efficiency opportunities.

• You support the required impact assessments (operational, risk, data, tooling) that need to be conducted and facilitate a smooth rollout of change.

• You can participate in interactions within the FCP tribe as well as the coordination with other tribes and stakeholders (in Belgium & abroad).

• You help ensuring that risk mitigating actions are implemented within the deadline.

• You assist in the monitoring & oversight of operations performed in the ING hubs.

We look for:

An intern with a talent for taking it on and making ithappen, enthusiasm for helping others to be successful and a knack for always being a step ahead. In other words, you strive to bring fresh ideas to life and embrace challenges in a fast changing and complex environment. You are a naturally collaborative person who listens and invests in others to achieve common goals. You love to challenge the status quo and are eager to propose creative solutions to problems.

You ideally:

• Are enrolled in a Bachelor’s/Master’s degree (in Law, Economics, Criminology, Data science or Banking and Finance is a plus)

• Are available for a period of min. 3 months, for at least 4 days/week

• Have basic knowledge of Anti-Money Laundering (AML) regulation; experience in the KYC domain or AML risk area is a plus

• Have strong analytical skills, interest for data (analysis), as well as a keen eye for detail

• (Basic) knowledge of SAS/SQL is a plus

• Good knowledge of Excel and PowerPoint; knowledge of other software applications (i.e. Power Automate) is a plus

• Effective communication skills – fluent in written and spoken English; French or Dutch are a plus

• Good skill set in the areas of personal effectiveness i.e. autonomy, team spirit, courage and self-confidence, problem solving & result oriented by delivering as promised within tight deadlines, “hands-on”, capable to work in changing circumstances and a good portion of common-sense.