What are the responsibilities and job description for the Portfolio Management / Fund Finance - Vice President position at ING Bank N.V.?
Core Information:
Corporate Title: VP
Department: Portfolio Management-Fund Finance
Status: Full-time 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
ING’s purpose is ‘Empowering people to stay a step ahead in life and in business’. Every ING colleague contributes to that vision. We champion self-reliance and foster a collaborative and innovative culture. The Orange Code is our global manifesto for how we stay true to our purpose and our tradition of reinvention and empowerment. It is made up of ING Values (we are honest; we are prudent; we are responsible) and ING Behaviors: (you take it on and make it happen; you help others to be successful; you are always a step ahead).
For us, success will only be achieved if we act with Integrity .
Some companies see diversity as a box to be ticked. We see it as fundamental to our success and we encourage a proper work/life balance. At ING, you will be judged on your performance in line with the Orange Code. And that’s a promise. The Opportunity:
This role is a member of a team that comprises the critical portfolio management and reporting foundation of a Fund Finance loans booked in the Americas. This portfolio is comprised of loans that use borrowing bases including the Fund Finance subscription and portfolio leverage loans.
As an senior member on this team, your primary responsibility will be the ongoing management of an assigned group of account relationships in the Fund Finance loan portfolio with an emphasis on credit monitoring, analytics and internal reporting. You will also be responsible to training, coaching and supervising the work of your junior colleagues. Main Duties and Responsibilities of Role:
Actively manage all facets of the daily operations of the identified portfolio, including but not limited to:
Routinely analyze the credit migration trends of the portfolio and individual names
Monitor and identify developments within assigned client base, proactively manage their potential impact on the portfolio, as well as generate ideas for client opportunities
Prepare quarterly portfolio reviews
Process annual review, amendment, and waiver requests, write credit modifications, submit to risk and address Q&A
Track compliance of financial and other reporting covenants
Review periodic borrowing base and risk rating updates
Manage Agency Services related responsibilities for left lead transactions (Borrowing Base Calculations, Valuation and Process Audits, and Loan Document amendments) with relationship managers, clients, participants, and other third parties.
Respond to ad hoc internal requests on portfolio composition and exposure.
Maintain various department and industry databases. Ensure compliance with all reporting activities in line with the bank’s policy and proceduresMaintain accurate internal system processing
Stay up-to-date on organizational operating policies and procedures (i.e. Risk, Legal, etc.) to ensure appropriate protocols are implemented and followed, and facilitate accordingly
Identify and implement best practices across the Lending division and use insights from reporting to create and drive efficient processes and improve productivity
Ensure an excellent level of service and high quality output
Coordinate with KYC/CDD team Profile:Qualifications / Education:
BA/BS in finance/economics/accounting/management/engineering (or similar); MBA and/progress toward CFA a plus Experience / Knowledge:
Minimum of 5 years of relevant experience (preferably with some experience in Private Credit and or NAV based lending)
Competencies:
Strong financial and credit analysis capabilities
Excellent presentation and communication skills
Ability to thrive in a fast-paced environment with multiple competing priorities
Committed and dedicated individual who will continuously improve the way the team works
Self-motivated and willing to work in a deal oriented and deadline driven environment
Strong work ethic, positive attitude, and professional demeanor
Ability to work under pressure and set the right priorities in a dynamic, challenging environment,
Strong Knowledge of Legal Documentation
Proficient in MS Excel, Word, and PowerPoint (Power BI a plus) Other:
References
Base Salary range: $180K-$240K
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.
Corporate Title: VP
Department: Portfolio Management-Fund Finance
Status: Full-time 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
ING’s purpose is ‘Empowering people to stay a step ahead in life and in business’. Every ING colleague contributes to that vision. We champion self-reliance and foster a collaborative and innovative culture. The Orange Code is our global manifesto for how we stay true to our purpose and our tradition of reinvention and empowerment. It is made up of ING Values (we are honest; we are prudent; we are responsible) and ING Behaviors: (you take it on and make it happen; you help others to be successful; you are always a step ahead).
For us, success will only be achieved if we act with Integrity .
Some companies see diversity as a box to be ticked. We see it as fundamental to our success and we encourage a proper work/life balance. At ING, you will be judged on your performance in line with the Orange Code. And that’s a promise. The Opportunity:
This role is a member of a team that comprises the critical portfolio management and reporting foundation of a Fund Finance loans booked in the Americas. This portfolio is comprised of loans that use borrowing bases including the Fund Finance subscription and portfolio leverage loans.
As an senior member on this team, your primary responsibility will be the ongoing management of an assigned group of account relationships in the Fund Finance loan portfolio with an emphasis on credit monitoring, analytics and internal reporting. You will also be responsible to training, coaching and supervising the work of your junior colleagues. Main Duties and Responsibilities of Role:
Actively manage all facets of the daily operations of the identified portfolio, including but not limited to:
Routinely analyze the credit migration trends of the portfolio and individual names
Monitor and identify developments within assigned client base, proactively manage their potential impact on the portfolio, as well as generate ideas for client opportunities
Prepare quarterly portfolio reviews
Process annual review, amendment, and waiver requests, write credit modifications, submit to risk and address Q&A
Track compliance of financial and other reporting covenants
Review periodic borrowing base and risk rating updates
Manage Agency Services related responsibilities for left lead transactions (Borrowing Base Calculations, Valuation and Process Audits, and Loan Document amendments) with relationship managers, clients, participants, and other third parties.
Respond to ad hoc internal requests on portfolio composition and exposure.
Maintain various department and industry databases. Ensure compliance with all reporting activities in line with the bank’s policy and proceduresMaintain accurate internal system processing
Stay up-to-date on organizational operating policies and procedures (i.e. Risk, Legal, etc.) to ensure appropriate protocols are implemented and followed, and facilitate accordingly
Identify and implement best practices across the Lending division and use insights from reporting to create and drive efficient processes and improve productivity
Ensure an excellent level of service and high quality output
Coordinate with KYC/CDD team Profile:Qualifications / Education:
BA/BS in finance/economics/accounting/management/engineering (or similar); MBA and/progress toward CFA a plus Experience / Knowledge:
Minimum of 5 years of relevant experience (preferably with some experience in Private Credit and or NAV based lending)
Competencies:
Strong financial and credit analysis capabilities
Excellent presentation and communication skills
Ability to thrive in a fast-paced environment with multiple competing priorities
Committed and dedicated individual who will continuously improve the way the team works
Self-motivated and willing to work in a deal oriented and deadline driven environment
Strong work ethic, positive attitude, and professional demeanor
Ability to work under pressure and set the right priorities in a dynamic, challenging environment,
Strong Knowledge of Legal Documentation
Proficient in MS Excel, Word, and PowerPoint (Power BI a plus) Other:
References
Base Salary range: $180K-$240K
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.
Salary : $180,000 - $240,000
