Risk Management |

| Associate | New York

About ING: 

Ranked #8 on LinkedIn Top Companies in Financial Services

Crain’s 100 Best Places to Work

Ragan’s Top Places to Work in 2023

In Americas, ING’s Wholesale Banking division offers a broad range of innovative financial products and services to domestic and international corporate and institutional clients. 

 
When you come to work at ING, you’re joining a team where individuality isn’t just accepted, it’s encouraged. We’ve built a culture that’s fun, friendly and supportive – it’s the kind of place where you can be yourself and make the most of whatever you have to offer.

We give people the freedom to take risks, think differently, take ownership of their work, and make great things happen. We’re here to help you get ahead. And with our global network, there’s plenty of scope to take your career in new directions, perhaps even ones you’ve never considered.

Sound like the kind of place you’d feel at home? We’d love to hear from you.

About the position:

PMA&G is looking to support Front Office business ambitions by hiring an Associate who will i) oversee procedures and business continuity; ii) track and assist with the remediation of audit points; iii) participate in deal closings and internal quality assurance; iv special projects; and v) cross-train with other team members to enhance redundancy and contingency planning.

About the department:

Portfolio Monitoring, Analytics & Governance (PMA&G) is based in New York City and supports Transaction Approval & Advice (TA&A) and Counterparty Risk by monitoring compliance with global risk appetite limits, ensuring optimal use of Risk Weighted Assets, and adherence to policy and procedures. PMA&G oversees portfolio analytics, Risk Services, loan closings, quality assurance of lending approval workflows, and collateral management.

Responsibilities:

Draft, update (with Transaction Approval & Advice support) and maintain the Local Lending Policy and ProceduresLiaise and coordinate SOX and audit requests with ODCR (Operational Design, Control & Risk) and internal and external auditorsTrack audit points and ensure local adherence to action plan remediationsParticipate in internal quality assurance testing including sample testing of credit packages as well as collateral entriesCoordinate and deliver regional Resolution Planning in cooperation with Head Office requirementsManage the annual Business Continuity PlanExecute credit related responsibilities of deal closing to ensure legal documentation is in line with credit approval, verify compliance and data quality, and record in a Deal Closing Worksheet

Qualifications and Competencies:

Requirements

Bacheor’s degree or equivalent in Finance, Economics, Engineering or a closely related field5+ years’ experience at a financial institution in a support role for financial markets or lendingExperience working with financial markets sales and trading personnelHighly proficient in Excel, Word, and PowerPointUnderstanding of ECB lending regulatory frameworkExperience with trading and investment systemsGeneral knowledge of credit risk policy and business protocols

Competencies

Strong attention to detailLogical and well-reasoned level of thinkingTeam oriented with strong communication, analytical, and problem solving skillsAbility to work closely with and as a peer of TA&AProven track record to complete assignments efficiently and accurately in a fast-paced environmentHighly motivated, proactive with a can-do and creative mindset

Salary Range: $110,000 -$140,000

In addition to comprehensive health benefits, a generous 401k savings plan, and competitive PTO, ING provides a broad array of benefits including adoption, surrogacy, and fertility services; student debt assistance; and subsidies for expenses associated with working from home, commuting, and fitness.

ING is a committed equal opportunity employer. We welcome applicants of diverse backgrounds and hire without regard to color, gender, religion, national origin, citizenship, disability, age, sexual orientation, or any other characteristic protected by law. We celebrate these differences and rely upon your unique perspective to innovate and seize new opportunities. Come as you are.

ING Bank does not have a commercial banking license in the U.S. and therefore not permitted to conduct a commercial banking business in the U.S. Through its wholly owned subsidiary ING Financial Services LLC, and its affiliates, it offers a full array of wholesale products such as commercial lending and a full range of FM products and services.