Associate Portfolio Management Object Finance

ING

Jan 18

Applications are closed

Job
Full-time
Junior, Mid & Senior Level
Business, Operations & Strategy
Banking & Finance
Amsterdam

Requirements

University degree major in business/economics, law or relevant business discipline. CFA and/or MBA a plus
2-5 years of relevant credit analysis experience in the banking industry.
Collaborative and inclusive team player with consistent high marks on Orange Code behaviour; embracing diversity and cross-cultural awareness and able to work effectively across functions;
Strong financial and credit analysis capabilities;
Good presentation and communication skills;
Collaborative mindset;
Committed and dedicated individual who wants to continuously improve;
Self-motivated and willing to work in a deal oriented and deadline driven environment;
Knowledge of Legal Documentation;
Strong work ethic, positive attitude, and professional demeanor.

Responsibilities

The Portfolio Management team will be the ‘center of excellence’ for the in-life management of ING’s lending exposure. It covers all activities post the initial funding to the final repayment of a lending transaction. As a front office department, it will closely collaborate with Origination & Structuring colleagues and product specialists to ensure a seamless client experience. The Portfolio Management function will be organised along product and sector considerations. Each portfolio manager will cover a set of portfolio clients and act as the first point of contact for the ongoing credit monitoring, analytics, internal risk and other reporting. Portfolio Management supports the identification of cross-buy opportunities and is also closely involved in the delivery of ING’s capital velocity targets. The team will be supported by Global Lending Support in Dublin and the ING hub in the Philippines. Together with Tribe Lending and CLEC, it will be a key driver of improving processes, standardisation, and digitalisation across Lending.
The specific responsibilities of an Associate include actively managing together with the Portfolio Managers all facets of the individual files booked in your dedicated portfolio, including but not limited to:
Quarterly and annual credit reviews;
Process amendment and waiver requests, write or review credit modifications, submit to risk and address Q&A, follow-up on the required legal amendments to the documentation until execution;
Review annual risk rating updates prepared by an administrative support team;
Diligent and proactive credit monitoring through the review of all financial covenants and operating performance (e.g. financial models, proforma adjustments, key drivers, etc.) and track compliance of covenants prepared by an administrative support team;
Identification and resolution of Early Warning Signals for a deterioration in credit quality.
In addition, an Associate will monitor and identify together with the Portfolio Managers market developments and proactively manage their potential impact on your portfolio by
Preparing and maintaining reports as requested by regulators or internal stakeholders;
Preparing quarterly Credit Risk Management (“CRM”) portfolio reviews;
Maintaining various department and industry databases/trackers;
Maintaining internal portfolio tracking metrics;
Responding to ad hoc internal requests on portfolio composition and exposure;
Coordinating and working with offshore portfolio support teams;
Managing lending limits and Capital Velocity programs.
An Associate will take an active role in the various Virtual Client Teams by
Interfacing with relationship managers and sector specialists to ensure an active dialogue on credit trends, challenges and opportunities for individual clients;
Contributing to idea generation for value added cross-buy or client opportunities.
An Associate is expected to build a culture of operational excellence by
Staying up-to-date on organizational operating policies and procedures (i.e. Risk, Legal, etc.) to ensure appropriate protocols are implemented and followed, and facilitating accordingly;
Supporting the implementation of strategic initiatives, including enhancements to the credit monitoring process to improve business efficiency;
Supporting the implement transformation projects;
Working with and coaching Analysts, trainees and interns by supporting them in their personal and professional development.

FAQs

What is the purpose of the Associate Portfolio Management role?

The purpose of the Associate Portfolio Management role is to actively manage the lending portfolio and optimize returns through strong analytics and capital velocity, while collaborating with colleagues from various departments to ensure effective credit monitoring and portfolio management.

What responsibilities does an Associate have?

An Associate is responsible for conducting credit reviews, processing amendment requests, monitoring financial covenants, identifying credit quality deterioration, preparing reports for regulators, maintaining internal metrics, and engaging with relationship managers to discuss credit trends.

What qualifications are required for this position?

Candidates should have a university degree in business, economics, law, or a relevant discipline, with 2-5 years of credit analysis experience in the banking industry. Additional qualifications such as a CFA or MBA are considered a plus.

What skills are essential for this role?

Essential skills include strong financial and credit analysis capabilities, good presentation and communication abilities, a collaborative mindset, and a commitment to continuous improvement and self-motivation in a deadline-driven environment.

What kind of team environment can I expect?

You can expect a collaborative and inclusive team environment that values diversity and cross-cultural awareness, where you will work closely with colleagues from different functions.

Are there opportunities for professional development?

Yes, Associates are expected to support and coach Analysts, trainees, and interns, facilitating their personal and professional development.

What employee benefits does ING offer?

ING offers a tailored salary, a 36 or 40 hour workweek, individual and diversity leave, CSR days, a 13th month salary, holiday payment, pension schemes, mobility cards, and options for hybrid working arrangements.

How does the selection process work?

The selection process involves multiple interview steps with various business stakeholders to assess candidates for the role comprehensively.

What is the workplace culture like at ING?

ING promotes a culture of integrity, customer-centricity, diversity, support, and inspiration among colleagues, making it a great place to invest your talents.

Who can I contact for more information about this job?

You can contact the recruiter mentioned in the job advertisement for additional information regarding the position.

ING

Empowering people to stay a step ahead in life and in business.

Finance

Industry

10,001+

Employees

1991

Founded Year

Mission & Purpose

ING is a pioneer in digital banking and on the forefront being one of the most innovative banks in the world. As ING we have a clear purpose that represents our conviction of people’s potential. We don’t judge, coach, or to tell people how to live their lives. However big or small, modest or grand, we empower people and businesses to realize their vision for a better future. We made the promise to make banking frictionless, removing barriers to progress, and make people confident in their financial decisions. As a global bank we have a huge opportunity – and responsibility – to make an impact for the better. We can play a role by financing change, sharing knowledge, and innovating. Being sustainable is in all the choices we make—as a lender, as a partner and through the services we offer our customers.