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Business Analyst - Credit Risk Data Remediation

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ING

18d ago

  • Job
    Full-time
    Mid & Senior Level
  • Data
    Banking & Finance
  • Manila
  • Quick Apply

AI generated summary

  • You should have knowledge of default policies, transaction reconciliation, wholesale banking products, collateral processes, credit risk, NPLs, strong communication skills, and an analytical mindset.
  • You will analyze historical default data, enhance data quality, manage KPI tracking, support remediation projects, and collaborate with teams to ensure accurate credit risk modeling.

Requirements

  • should optimally have working knowledge of new definition of default policies and related (forbearance) default indicators and triggers
  • should be fully able to understand and reconcile transactions (actual account statement and GL-entries) with very high accuracy on facility level and identify key transactions based on month-to-month outstanding differences
  • should have basic understanding of Wholesale Banking regular lending products
  • should have working knowledge of collateral processes within banks especially but not limited to the knowledge of real estate finance and validation of real estate
  • should have (in-depth) understanding of wholesale banking in terms of front office, restructuring and recovery processes
  • should be willing to take on coordinative and project management related tasks
  • should have experience inworking with Non Performing Loans and have affinity with risk data and associated PD, LGD and EAD models
  • should be able to read and understand loan documentation and identify terms and condition in line with the default events of each NPL
  • should have excellent and writing skills for evidence-based documentation
  • We are looking for pro-active candidates with background in wholesale banking lending, credit risk, credit restructuring and refinancing processes
  • Good writing and oral communication skills are a must (primarily English)
  • The candidate has critical and analytical mind and willing to get the job done

Responsibilities

  • We are looking for a Consultant within the Default remediation and Loss Given Default (LGD) data team. The team focuses on ensuring complete and correct default and LGD related data for modelling purposes starting from data capturing to data delivery.
  • The role is twofold as it is focused on performing historical default data analysis, data collection, and data enhancement for the wholesale banking portfolios, in line with latest internal and external regulation related to ING Definition of Default policy and LGD model estimation. You will further help management to develop and implement processes and working instructions, hold responsibility for KPI tracking and dashboarding as well as support the teams in managing ad-hoc requests and help coordinating onsite inspections by the regulator.
  • You perform historical data remediation for default cases within the Wholesale Banking portfolio (including Large Corporates, Commercial Property Finance, Project Finance, Lease, Trade Commodity Finance, Object Finance).
  • You work in a team of experts which are all involved in ensuring complete and correct C&R data for current default cases in the WB portfolio in LGD lab (via standalone C&R tool).
  • You work on process improvements and help management to coordinate the ongoing remediation projects.
  • You support in managing the planning backlog of the remediation teams.
  • You support management in delivering on ad-hoc requests.
  • You closely interact with your colleagues within the COOR and WB area, who are using your remediated default data, in order to build the WB credit risk models (for RWA, ECAP and IFRS9).
  • You have regular interaction with the GCR account managers and FO involved for the respective (problem) loans.

FAQs

What is the primary responsibility of the Business Analyst in Credit Risk Data Remediation?

The primary responsibility is to perform historical default data analysis, data collection, and data enhancement for the wholesale banking portfolios, ensuring complete and correct default and Loss Given Default (LGD) related data for modeling purposes.

What background is preferred for candidates applying for this position?

Candidates should have a background in wholesale banking lending, credit risk, credit restructuring, and refinancing processes.

What kind of experience should candidates have with Non-Performing Loans?

Candidates should have experience working with Non-Performing Loans and an affinity for risk data and associated Probability of Default (PD), LGD, and Exposure at Default (EAD) models.

What skills are necessary for this position?

Candidates must possess critical analytical skills, strong writing and oral communication skills in English, and the ability to reconcile transactions accurately.

How does the Business Analyst interact with other teams?

The Business Analyst closely interacts with colleagues within the COOR and WB area, as well as GCR account managers and front office staff involved with respective (problem) loans, to provide remediated default data for credit risk models.

What kind of tasks will the Business Analyst be involved in?

The Business Analyst will be involved in historical data remediation, managing planning backlogs for remediation teams, coordinating ongoing remediation projects, and delivering on ad-hoc requests.

Is knowledge of collateral processes important for this job?

Yes, candidates should have working knowledge of collateral processes within banks, particularly regarding real estate finance and the validation of real estate.

What are the minimum qualifications for the Business Analyst position?

Minimum qualifications include proactivity, a background in wholesale banking lending and credit risk, and good writing and oral communication skills in English.

What tools or methods might the Business Analyst use in their role?

The Business Analyst may use data tracking tools, dashboarding methods, and various software for data analysis and remediation processes.

Will the Business Analyst be responsible for training or guiding other team members?

While the job description does not explicitly mention training responsibilities, the role involves project coordination and collaboration, which may include guiding other team members in specific tasks.

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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.