Head of ABS Structuring

Global Capital Markets | Asset Securitization | Director | NYC

About ING:

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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. ING Americas follows a hybrid work model, allowing for in-office / work from home flexibility. Hybrid work arrangements vary based on business area.

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

About the department:

• The ASec team is a front office commercial unit within GCM, which assists ING Wholesale Banking clients through:
• ASec originates, structures, executes, syndicates, and manages a portfolio of securitization and asset backed lending deals.
• ASec administers and oversees the commercial paper issuances of Mont Blanc Capital Corporation (MBCC), an Asset Backed Commercial Paper (ABCP) issuer which is sponsored and administered by ING.
• ASec works collaboratively with syndicate and sales professionals within ING Financial Markets LLC, to originate, structure, and execute capital markets Asset Backed Securities (ABS) issuances.
• ASec is a global group with teams in New York, Dublin, Amsterdam, Frankfurt, Singapore and Sydney, who work as multi-disciplined tribes on local and international transactions in a highly collaborative environment.

Responsibilities :

• The position is for a Director, acting as Head of ABS Structuring within the ASec team, which is part of GCM.
• The role will report both functionally and hierarchically to the head of Asset Securitization at ING Financial Markets LLC.
• The successful candidate will join a fast growing and highly dynamic and multi-skilled global team of banking professionals with experience in successfully originating, structuring, and executing ABS transactions globally.
• The focus asset classes for the ASec team currently includes Prime Automotive Loans and Leases and a variety of esoteric asset classes.
• The position will allow for and require a significant amount of collaboration and co-operation across business sectors and departments within ING.
• The candidate will work closely with the broader ASec team, Global Capital Markets (particularly ABS Syndicate) and Financial Markets (particularly US Fixed Income Distribution)
• The position will have access to a shared pool of junior staff of professionals to support.
• The role of Head of ABS Structuring has a core focus on origination of ABS mandates and the execution of structuring roles in ABS deals. Specifically, this involves:
• Responsibility for working with ASec and ABS Syndicate on responses to RFPs and pitches that require transaction structure indications, and sizing/tranching/cashflow modelling inputs;
• Structuring ABS transactions and providing analytics that are detailed, accurate, clear, concise and consistent with deal documentation
• Ability to lead the structuring of ABS deals including:
• Modelling of deals (via both Excel and Intex);
• Ability to provide ABS analytics from the modelling process to be included in various investor disclosures, including but not limited to roadshow presentations and preliminary and final offering prospectuses;
• Being available for investors during the marketing and pricing of primary ABS transactions; and
• Managing rating agency processes;

In addition to this, the individual will also be required to support the conduit team with rating and modelling of deals booked within MBCC.

Education

• Bachelor’s Degree. MBA or a Masters in Finance is a plus.

Experience/Knowledge

• Demonstrated track record of executing ABS transactions as the individual responsible for structuring, minimum 5 years’ experience required;
• Must have relevant modelling and structuring experience. Practically this means the candidate has demonstrated expertise in manipulating large data sets along with an ability to design, develop, maintain and use complex spreadsheet and Intex cash flow models related to structured finance transactions with a focus on ABS;
• Computer programming and process automation experience is preferred.
• Deep understanding of rating agency methodologies and rating process for a variety of esoteric asset classes and Prime Automotive Loans and Leases;
• Series 79 and 63 licenses required (if not current must be taken within 6 months of starting), Series 24 would be a plus.

Qualifications and Competencies

• Ability to work under limited supervision.
• Excellent proficiency and technical skill in using Excel (including VBA), Intex (cdi programming language) and Bloomberg. Other programming language expertise a plus.
• Strong written and oral communication skills.
• Must be highly detail oriented and able to manage multiple projects simultaneously.
• High level of attention to detail.
• Strong interpersonal skills used within a cohesive, global team environment and in client interaction.

Salary Range $275,000 -$325,000

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 race, 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.