Intern at ABN AMRO ECT Commodities: Secured Inventory Products (SIP-Icestar) desk

ABN AMRO

Stage informatie

Organisatie: ABN AMRO

Locatie: Amsterdam

Opleidingsniveau: HBO/WO

Periode:

Type:

Vergoeding:

Solliciteren

At a glance

Will you help us in expanding our ownership-based stock financing product for clients? And do you have the capabilities to do so? Tell us your story. We are curious! If you’re already good, we’ll make you even better. So seize this opportunity to have a close look within a transaction-driven commodity financing team.

Your job

You will assist the team to further expand the SIP-Icestar product which we offer to a broad range of (commodity) clients. SIP-Icestar provides financing for large commodity deals (e.g. oil, coffee, cocoa, base metals etc). Instead of establishing regular collateral, Icestar takes up the effective ownership of the commodity. Therefore, in case of default of the client, ABN AMRO can dispose the commodity on e.g. the exchange. This results in a smaller credit risk for the bank, but also a more complex set of risks. Think of thorough hedges to mitigate the price volatility of the commodity.You will be part of the day-to-day activities. These activities are amongst others: preparing client pitches, preparing proposals/management information and marketing presentations, client calls (worldwide; following the Commodity clients), cooperating with the commodity brokers of ABN AMRO, assisting in further developing SIP-Icestar (a/o back office system, policy papers, streamlining processes, yearly review, execution of business plan) and analysing markets. You will be part of the Energy, Commodities and Transportation department, based in Amsterdam (Gustav Mahlerlaan). The Amsterdam desk consists of 6 FTEs on the front office. You will also assist our Asia (Singapore) and US (New York) desks, which comprise 3 FTEs each. You will cooperate with the middle office, legal department and ABN AMRO Brokerage. 

Your working environment

Working at ABN AMRO means becoming even better at what you do. We understand clients, translate their ambitions into joint success and thus earn their trust. We want our clients to understand our products. It’s why we sometimes say ‘no’ if the risk attached to a product is too great for the client. Serving the client’s interests is also a question of offering – and communicating – a transparent range of products. Banking is our business, the world is our challenge. ECT/Commodities finances the physical flow of commodities, from the pre-production stage through to storage, primary processing and distribution. Our customers are producers, international traders, suppliers, primary processors, transporters and buyers active in the agriculture, metal and energy sectors. ABN AMRO is one of the leading banks within commodity trade finance. It has offices in Rotterdam, Amsterdam, Singapore, Hong Kong, New York, Dubai and Sao Paulo.

Your profile

You are an enthusiastic and flexible person with a pro-active working attitude. You are fun to work with. You have the analytical skills together with an eye for detail and the ability to quickly understand complex transactions which fit the client’s needs while maintaining a modest/low risk profile for the Bank. While English fluency is required, speaking Dutch is not. Check your profile:

  • You are in or have finished your Master's program;
  • Eager to learn legal frameworks, financial analysis, commodity financing structures, commodity market dynamics and understanding of brokerage/clearing of commodities;
  • High power of conviction and strong negotiator;
  • Can set priorities and manage expectations;
  • Creative and solution driven, risk conscious;
  • Broad social interest and strong communicative skills and good oral and written skills in English;
  • Experienced Excel user.
  • You are in or have finished your Master's program;
  • Eager to learn legal frameworks, financial analysis, commodity financing structures, commodity market dynamics and understanding of brokerage/clearing of commodities;
  • High power of conviction and strong negotiator;
  • Can set priorities and manage expectations;
  • Creative and solution driven, risk conscious;
  • Broad social interest and strong communicative skills and good oral and written skills in English;
  • Experienced Excel user.
  • What we offer

    You work with a group of people with vision, strong entrepreneurial attitude, client/solution driven, cross business-line mentality and most of all result-focused. Minimum period of internship 6 months.

    Interested?

    Are you interested? Please send an email to Thijs Penning, thijs.penning@nl.abnamro.com or reach us at +31 (0)20 3831 986 if you have any questions.

    Stage informatie

    Organisatie: Organisatie: ABN AMRO

    Locatie: Amsterdam

    Opleidingsniveau: $stage.educationLevel.name}

    Periode:

    Type:

    Vergoeding:

    Solliciteren

    Meer stages

    Stages