Total 33 job vacancies by Ing Bank N.v.

ING Wholesale Banking in Singapore

We began operating in Singapore in 1987 where we host the regional Asia Pacific headquarters. With over 300 financial experts, we are the largest wholesale banking branch in Asia. ING stands out in the Asia Pacific region because we go a step further for our customers. We look at things from the client’s perspective which allows us to construct tailor-made solutions to fit the needs of every company we serve. This mentality underpins all our client relations and has produced various prestigious awards.

Job Profile Summary

The TMT & Healthcare sector cluster with ING Wholesale Banking has the mandate to develop wholesale banking business for ING in these two sectors globally. The sector team is responsible for developing business with clients in these sectors by providing financing, advisory services and other wholesale banking products & services to clients through its teams based in Asia Pacific, Europe and the Americas. In the Asia Pacific region, the team is based in five locations, namely Singapore, Hong Kong, Sydney, Tokyo, and Taipei.

We are seeking to recruit a bright, numerate and articulate employee at Associate level who would enjoy a new challenge working in an established and successful team. You will work closely with sector team members, and with other product, country and support teams within the bank.

The role requires an individual who has strong analytical skills, is numerate, has strong written and oral communication skills and can work closely with others. We provide and arrange loan financings, advisory services and cross-sell the bank’s other products to our clients. Modelling experience, a good credit grounding, and prior corporate/investment banking experience would be preferred.

Job Responsibilities:

• The successful candidate is expected to work with team members including senior client relationship managers/deal principals and other stakeholders to provide all coverage support necessary to originate business with clients and ongoing client relationship management. The work envisaged encompasses developing client (prospect) databases, providing origination support to senior bankers including working on pitches and proposals, assisting with deal structuring, credit analysis, assisting with industry/sector review papers, and contributing to credit packages, working with ING systems and helping with internal approval processes. Networking with various external parties/clients and working closely internally with other product partners and country relationship management team is required.
• Ongoing assistance to the team head and senior bankers on management of the TMT&H portfolio and assisting with budgeting and forecasting.
• Working on other adhoc requests as required by Deal Principals and the Team Head on various client or deal related matters.
• Developing marketing materials and maintaining a current view of recent transactions, market benchmarks, economic and industry trends, and gathering relevant research. Marketing materials include pitch books, industry reports, comparative tables and league tables as well as updating relevant credentials.
• Assisting team with cross-selling the bank’s other products and services such as corporate finance advisory, debt capital markets, financial markets and transaction services.

What we're looking for:

The key requirement for this role is to be able to provide/manage client relationship management support, with the potential to develop over time to a senior client relationship management role and leading a deal team. Strong analytical skills are required, together with the ability to work within a cross-product team. Credit experience is preferred, together with an understanding of documentation and ING systems. Sector experience preferred, but we would consider candidates with experience in other sectors or products.

Other important pre-requisites:

• Graduate or post-graduate degree holder in Business/Finance/Economics or other relevant disciplines.
• 3-6 years of investment / corporate banking experience (or other relevant field).
• Strong financial analysis capability and good working knowledge of Excel and PowerPoint.
• Experience in Structuring, Credit & deal execution in corporate/investment banking.
• Understanding of legal documentation.
• Strong analytical, presentation and communication skills.
• An effective team player with good interpersonal and communication skills.
• High level of self-motivation.

ING Bank

ING Bank covers Wholesale and Retail Banking in Asia Pacific. Our Wholesale Banking business is present and active in 11 major economies in the Asia Pacific, namely Australia, China, Hong Kong SAR, India, Indonesia, Japan, Philippines, Singapore, South Korea, Taiwan and Vietnam.

ING Wholesale Banking in Singapore

We began operating in Singapore in 1987 where we host the regional Asia Pacific headquarters. With over 500 financial experts, we are the largest wholesale banking branch in Asia. ING stands out in the Asia Pacific region because we go a step further for our customers. We look at things from the client’s perspective which allows us to construct tailor-made solutions to fit the needs of every company we serve. This mentality underpins all our client relations and has produced various prestigious awards.

Key Responsibilities

• Internal and external client liaison
• Receive and check current account/deposit opening documentation
• Working with ING Hub and internal stakeholders on queries received
• Maintenance of department’s working procedures
• Managing and performing annual review/risk analysis on all outsourced services
• Ensure that all products adhered to our Global Process control framework and no audit points
• Handle local MEPS SGD payment, participating in annual MAS industry testing
• Involved in regulatory reporting/submission, namely MAS610, D5, S35, SGS returns, SORA and other ad hoc queries
• Participate in project on system changes
• Participate in FM New product launch

Key Competencies

• Basic knowledge of Microsoft Office (Word, Excel, Powerpoint), familiar with pivot tables/macros
• Knowledge of FM products and payment messages
• 3 to 5 years of banking experience in Operations department in wholesale banking

ING Wholesale Banking in Singapore

We began operating in Singapore in 1987 where we host the regional Asia Pacific headquarters. With over 300 financial experts, we are the largest wholesale banking branch in Asia. ING stands out in the Asia Pacific region because we go a step further for our customers. We look at things from the client’s perspective which allows us to construct tailor-made solutions to fit the needs of every company we serve. This mentality underpins all our client relations and has produced various prestigious awards.

Job Profile Summary

We have a great opportunity to join our Portfolio Management (“PM”) team as an Analyst, a new function within ING Lending franchise in Singapore. This is an entry-level lending professional role within the front office. As a key member of the PM team, your responsibility will be to actively manage the lending portfolio in Asia Pacific and optimize returns through strong analytics and capital velocity. On the team, you will be exposed to and work with different colleagues from several sector-based origination team, specialized and corporate lending Transaction Management, Capital Markets & Advisory (particularly Loan Distributions), Risk and Legal whilst aligning with back office / support teams. At the same time, the PM team plays a key role in further optimizing our processes for regulatory readiness, operational effectiveness and portfolio optimization.

Job Responsibilities:

The PM team is 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 sector-based origination & structuring and corporate and specialized lending transaction management colleagues and other product specialists to ensure a seamless client experience. The PM function is organized 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. PM 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 the Capital and Liquidity Expertise Centre, it will be a key driver of improving processes, standardization, and digitalization across Lending.

The specific responsibilities of a candidate include actively managing all facets of the individual files booked in your dedicated portfolio, including but not limited to:

• Periodic single transaction or portfolio credit reviews;
• Processing of amendment and waiver requests, preparation and submission to Risk of credit modifications, Q&A and approval processes with Risk, follow-up on the required legal amendments to the documentation until execution;
• Review of annual risk rating updates prepared by ING hubs’ administrative support teams;
• 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;
• Involvement with capital velocity initiatives associated with the underlying loans including primary and secondary loan (or loan portfolio) sales, credit risk insurance or participations, loan-backed securitization and significant risk transfers.

In addition, you will monitor and identify 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/sector 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.

The candidate will take active part in the various Virtual Client Teams by:

• Interfacing with relationship managers and sector coverage 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.

A candidate 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;
• Contributing to the implementation of strategic initiatives, including enhancements to the credit monitoring process to improve business efficiency;
• Identifying productivity trends across the Front Office organization and using insights from reporting to create and drive efficient processes and improve productivity;
• Supporting the implementation of transformation projects

What we're looking for:

Qualifications / Education:

• University degree major in business/economics, law or relevant business discipline. CFA and/or MBA a plus.

Experience / Knowledge:

• 1-2 years of relevant lending execution and/or credit analysis experience in the banking industry.
• Prior exposure to specialized lending (object finance, project finance, acquisition finance) and/or to sectors (transportation & logistics, metal & mining, energy, and telecommunication and technology) in which ING is active would a plus.

Competencies:

• 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.
• Excellent presentation and communication skills in English and any additional language (e.g. Korean) would be a plus.
• Collaborative and able to work effectively across functions and regions.
• Ability to thrive in a fast-paced environment with multiple competing priorities.
• 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 lending legal documentation.
• Strong work ethic, positive attitude, and professional demeanor.

ING Wholesale Banking in Singapore

We began operating in Singapore in 1987 where we host the regional Asia Pacific headquarters. With over 300 financial experts, we are the largest wholesale banking branch in Asia. ING stands out in the Asia Pacific region because we go a step further for our customers. We look at things from the client’s perspective which allows us to construct tailor-made solutions to fit the needs of every company we serve. This mentality underpins all our client relations and has produced various prestigious awards.

Job Profile Summary

Within the Wholesale Bank, client coverage is spread across 3 industrial sectors which includes Commodities, Food & Agri (CF&A) sector coverage which in turn comprises 3 sub-sectors: Trade & Commodity Finance, Metals, Mining & Fertilisers, and Food, Beverage and Agriculture (FB&A).

ING’s FB&A business has a strong global presence, with teams serving clients from 6 dedicated locations globally. The team you will be working in is responsible for developing the FB&A client portfolio in the APAC region following the global strategy for the FB&A sub-sector as a part of ING Wholesale Banking and CF&A sector. The team is accountable for the revenues, risk/ return and cross-buy of the FB&A clients in the APAC region. The FB&A team remains in growth mode and is looking to expand its APAC presence.

Job Responsibilities:

• The Associate is responsible for supporting the other members in the FB&A team, and Parent Account Managers in Corporate Sector Coverage, in the origination, structuring and execution of new FB&A transactions across the full spectrum of the food chain.
• Responsibilities include, but are not limited to, onboarding of clients/ borrowers, industry & market analysis, preparing pitches and presentations for new opportunities, capital structuring or M&A transactions in the sector, greenlight memos, credit and written summaries for new lending transactions (jointly with our Transaction Management Lending team);
• Using own or third party financial models to prepare or review financial projections and sensitivities analysis;
• Reviewing due diligence materials, loan documentation, participation in the credit application process, and
• Assisting in the maintenance of industry and market intelligence databases. This person could be the Local Account Manager on FB&A deals booked in the APAC region, where appropriate.

What we're looking for:

• Education: Bachelor’s degree in finance, business administration, or agribusiness industry related field.
• Experience: minimum of 4 years of relevant project/corporate finance experience, ideally in the FB&A industry.
• Strong credit analysis background, basic knowledge of credit structuring preferred.
• Strong written and oral communication skills.
• Must be highly detail-oriented and accurate.
• Must be able to manage multiple projects simultaneously and meet tight deadlines.
• Proficiency in MS Office (Excel, Word, PowerPoint): Must have outstanding Excel skills and be able to build financial debt models very soon after starting.
• Fundamental understanding of GAAP accounting principles and comfort with core financial statements (Income Statement, Cash Flow Statement and Balance Sheet).
• Fundamental understanding of key financial markets and products.
• Basic understanding of Loan documentation.
• Interest in Sustainability to support the various initiatives being undertaken at ING.
• Team Player, self-motivated and proactive.

Lending Singapore | Lending Support | Vice President

About the position:

We have a great opportunity to join the Lending Support (‘RMLA’) Team which is part of the Lending Organisation within ING’s Wholesale Bank (“WB”).

Lending Singapore is responsible for the end-to-end management of all lending activities in WB Singapore. This includes working with stakeholders on the co-origination and structuring of loans, the effective client-centric delivery of such loans to the clients including internal processes, delivery platforms and customer experience, the management of the credit performance of loans in the entire loan life cycle, the management of the loan portfolio towards an optimal balance sheet and ensuring an effective control environment for the Lending function. ING WB Singapore offers lending solutions to our clients, that are mainly large corporations and financial institutions, across various core industry sectors, with a broad suite of loan types including project finance, acquisition finance, trade finance, structured export finance, and sustainability linked loans.

The RMLA team provides transactional and regulatory support to the WB Lending organisation. The team has the bird's-eye view of lending operations and influences critical business processes. The team handles complex operational tasks to ensure quality of service during transaction closing and execution, while managing effectiveness of first line controls. As a Vice President in the RMLA team, you will work closely with the other lending teams and the Head of Lending to ensure lending transaction processes run smoothly.

Responsibilities:

Operational and regulatory support

• Support the lending teams with the closing and execution of lending transactions.
• Ensure compliance with regulatory processes and reporting requirements.
• Mitigate non-financial risks and support the continuous improvement of our department through process analysis and optimization.
• Coordinate and oversee Key Control Testing, to ensure that controls are designed well and implemented effectively.
• Manage service level agreements (SLAs) and Transfer Pricing policy requirements.
• For Sourcing, work with the Business Risk & Control team and act as the primary point of contact for audit and workplace instruction policies.
• Coordinate internal and external audits.
• Coordinate Product Approvals (PARPs) and timely reviews, ensure approvals by all relevant stakeholders and monitor approval conditions if any, and maintain the PARP inventory.
• Coordinate and run Risk and Control Self-Assessments for implementation of new Lending projects/initiatives/policies.
• Manage local regulatory reporting (MAS reports) for the Lending team and act as the key contact for Compliance.

Business Performance, Analytics and Financial Control

• Collaborate with Business Management and Finance or other stakeholders to develop and deliver a suite of business performance metrics that provide the Head of Lending and the Lending MT with both timely and informative insights that support them in the day-to-day management of the business.
• Support Portfolio Management to develop and maintain analytical solutions to scrutinize large data sets. Extract and report data from LoanIQ and use data analytics and data visualization tools to assist in portfolio management activities.

Change management for Lending projects/Initiatives

• Coordinate the implementation of change processes and digitalization initiatives.
• Participate in working groups to ensure a smooth and efficient transition to global standards on processes and systems.
• Oversee and coordinate in collaboration with Global Lending Services the allocation and transition of loan management tasks to our Lending Support hub in Manila.
• Actively track global policy changes and ensure efficient transfer of information and compliance with new rules.

Qualifications and Competencies

• Bachelor’s Degree in Economics / Finance / Accounting / Mathematics or similar with strong results.
• Minimum 7 years of wholesale banking experience, preferably in Lending.
• Strong understanding of accounting statements & principles
• Advanced knowledge of Microsoft Excel, PowerPoint, Word. Python or Power BI is a plus.
• Collaborative and able to work effectively across functions and regions, an inclusive team player embracing diversity and cross-cultural awareness.
• Strong analytical skills.
• Good presentation and communication skills.
• Ability to thrive in a fast-paced environment with multiple competing priorities.
• Committed and dedicated individual who wants to continuously improve.
• Self-motivated and willing to work in a deal oriented and deadline driven environment.
• Strong work ethic, positive attitude, and professional demeanour.

Job Description

ING Wholesale Banking (WB) Asia is seeking a Regional KYC Lead, to support KYC, AML & Transaction Monitoring related initiatives & deliverables in the APAC region spanning 10 WB locations.

Job description

This successful candidate will be a part of the Regional 1st Line of Defence (LoD) Non-Financial Risk Team (responsible for 1st line risk assessment, controls, and implementation of all NFR initiatives in the region) and actively participating in globally led programs relating to all FEC topics including CDD, KYC & Transaction Monitoring for the region.

This role requires strong FEC Knowledge & hands-on experience of implementation and management of these frameworks within large banks & will act as KYC Risk Ambassador within 1st LoD & promote a strong KYC Risk culture across the organization.

Key Responsibilities include

• Drive and provide subject matter expertise on KYC/AML structural solution implementation for WB Asia based on both global and local FEC/AML requirements and standards.
• This role will also require extensive collaboration with internal 1st LoD, 2nd LoD & 3rd LoD regional and global stakeholders to drive discussions, decisions, escalate and embed appropriate governance on the topic as required.
• Responsible to coordinate and facilitate annual KYC Risk Assessment execution across Asia locations.
• Monitor and act upon Financial Crime Risk Appetite Key Risk Indicators and report regularly to Asia Senior Management for governance purposes and action.
• Manage intragroup and external outsourcing of all CDD/KYC/TM related services including due diligence in-line with WB Sourcing Governance Framework. Oversee the service performance and monitor/act upon the issues related to outsourced services.
• Convene & run governance meetings such as KYC Working group & Regional KYC Committee for the region with key regional & global stakeholders.
• Represent Asia’s interests in engaging with Global KYC and drive global strategy across the Asia region.
• Act as the owner of AML/KYC controls for Asia by executing/managing the control testing and evaluating the control effectiveness annually.
• Constantly review & identify opportunities for process improvements via automation in the end-to-end chain from CDD, Periodic reviews, Ongoing transaction monitoring & offboarding.
• Manage AML related internal and external audits and inspection and act as the issue owner where applicable.
• Act as regional process owner to provide advisory and support to local process owner in managing and executing their responsibilities.
• Coordinate with local and head office stakeholders to ensure issues with AML operations are being escalated and managed properly and in a timely manner.
• Liaise with Global KYC Academy and Asia Business Control Office in AML training rollout, monitoring and reporting.

Knowledge and Experience

• Bachelor’s degree mandatory with 12-15+ years of experience in Banking & Finance, with any additional professional qualification/FEC related certifications an added advantage.
• Hands-on experience with implementing KYC/AML & TM operational & Governance principles across the organization, and a strong understanding of the end-to-end KYC processes and risks & controls in the front-to-back chain.
• Experience with managing teams directly & with working in complex & federated organization structure.
• Knowledge & hands-on experience with implementation of Tableau & PowerBI Dashboards will be an added advantage.
• Experience of having improved AML/KYC/TM processes by leveraging AI/ML solutions is an added advantage.
• Good project management skills being able to manage key work deliverables in a timely manner with good quality with ability for managing risks & dependencies.
• Analytical, pragmatic, and problem-solving skills with an understanding of the regulatory environment in which banks operate.
• Is a self-starter and a hands-on team player & strong individual contributor who is good at driving engagement across levels on content discussions & for driving decision making amongst stakeholders.
• Excellent communication & stakeholder management skills with local, regional & global teams.

Role Summary

Front Office Transaction and Regulatory/KYC Support

Your role & work environment

Within ING WB APAC Sectors there is an opening for a Sector Support member.

In order to facilitate the services to our clients and to ensure a safe and compliant bank, which is able to operate efficiently, Sector Support will work with relationship managers and product specialists in taking care of regulatory and operational tasks. You will work together with other departments and colleagues located in different geographies. You will report to the Sector Support Lead.

Your key responsibilities

• Drive the KYC process by liaising with the KYC Client outreach team and Customer Due Diligence (CDD) analysts and experts and tracking CDD deadlines.
• Implementing and updating policy & regulatory driven processes and subsequent remediation plans
• Being jointly responsible with other T&R Experts for workload division, problem solving and alignment on changing requirements
• Setting up and initiation of Account Opening with ING including being the point of contact for clients, collection of documents and coordination with Operations.
• Incident management- acts as single point of contact/entry for clients on the onboarding process. End to end responsibility for resolution, coordination, communication and escalation to Sector teams and other internal stakeholders.
• Ensure proper and pro-active communication and coordination of clients’ requests with Sector teams, Operations and Settlement and other relevant departments.
• Client data management - ensure accuracy and completeness of client data (GRID/Vantage, Client files etc.) including upload of any changes in the client circumstances.
• Other activities or projects to support commercial activities.

What are the skill and qualification requirements of the role?

We look for

A colleague with a talent for taking it on and making it happen, enthusiasm for helping others to be successful and a knack for always being a step ahead. In other words, you strive to bring fresh ideas to life and embrace challenges in a fast changing and complex environment. You are comfortable with policies and regulations and able to manage complex processes with multiple stakeholders and deadlines.

As a Transaction & Regulatory/KYC Expert you will also need:

• Excellent written and verbal communications skills in English
• Accurate and results-oriented professional with profound communication skills
• Solid computer skills, mainly Microsoft office and ING applications
• Strong organisational skills with excellent attention to detail
• Ability to deliver to a high standard under pressure and short deadlines
• Ability to multitask and manage a high number of priorities
• Fluency in English and another local language, both verbal and written
• Preferably familiarity with financial products, compliance, KYC, wholesale banking or financial institutions

At ING we value and support our employees before recruiting external talent. If you think this vacancy is the right next step in your ING career, we’d encourage you to apply. Should you have questions about the vacancy or need to hear more before you feel you can apply. Please do not hesitate to reach out to the responsible recruiter.

ING Wholesale Banking in Singapore

We began operating in Singapore in 1987 where we host the regional Asia Pacific headquarters. With over 300 financial experts, we are the largest wholesale banking branch in Asia. ING stands out in the Asia Pacific region because we go a step further for our customers. We look at things from the client’s perspective which allows us to construct tailor-made solutions to fit the needs of every company we serve. This mentality underpins all our client relations and has produced various prestigious awards.

Job Responsibilities:

• work closely with ING colleagues from the various business, control and risk functions, and Local Compliance teams around Asia to incorporate the requirements of the bank’s policies/procedures, relevant local laws and regulations into the compliance monitoring processes
• participate in the regular compliance update meetings and conference calls organised by the various Centre of Excellence (CoE) contacts in the topic areas which come under the Compliance Conduct & Ethics (CCE) scope
• participate in user acceptance testing (UAT) for phased rollout and/or enhancement programs which are part of the bank’s global compliance control framework, and surveillance roadmap
• prepare reportable CCE related updates and materials to be submitted for presentation at the relevant Wholesale Banking Asia management meetings, as well as reporting to the monthly/quarterly/annual compliance management dashboards
• support the trade and e-communications surveillance activity, by conducting the review, investigation of auto-generated alerts, as well as designing/conducting manual monitoring to address CCE related key risks
• administer the staff licensing for regulated activities conducted by the Singapore branch, as well as overseeing the compliance considerations relating to the licensing/registration of the wholesale bank’s activities in Asia, particularly with regards to cross border business activities
• work closely with Local Compliance colleagues around Asia to bolster the Compliance function’s Horizon Scanning efforts for regulatory developments in Asia relevant to ING’s business lines, on both key (e.g. Market Abuse, Conflict of Interest, Customer Centricity) and emerging (e.g. GenAI, ESG) CCE topic areas
• work closely with Global Head of CCE to strengthen an appropriate compliance culture through various means, including delivering compliance awareness sessions catering for the Compliance network as well as other internal stakeholders

What we’re looking for:

• You are an experienced manager with at least five years of experience in Compliance, with in depth knowledge of Financial Markets Products;
• You have relevant knowledge of the risks and processes within Global Markets Compliance, Organisational and Conduct Compliance, and Employees Compliance and Ethics.
• You have an investigative mindset, with an understanding of audit methodologies.
• You have (data) analytical skills and sound judgement.
• You are a natural authority leader. You have a strong track record of leadership.
• You have a ‘can do’ mentality and are able to embrace challenges in a fast changing and complex environment.
• You have experience in leading and managing teams of high value specialists and proven record in developing talents.
• You have a university degree or equivalent.
• You have an excellent level of English (verbal/written).
• You have excellent collaboration skills and ability to work across functional and geographic lines.
• You are firm when needed, and able to show flexibility when possible.

ING Wholesale Banking in Singapore

We began operating in Singapore in 1987 where we host the regional Asia Pacific headquarters. With over 300 financial experts, we are the largest wholesale banking branch in Asia. ING stands out in the Asia Pacific region because we go a step further for our customers. We look at things from the client’s perspective which allows us to construct tailor-made solutions to fit the needs of every company we serve. This mentality underpins all our client relations and has produced various prestigious awards.

Overview:

As part of the regional Credit Risk function, Transactional Approval & Advice (“TA&A”) acts as the second line of defence on transactions with ING’s corporate clients originated by our Sectors, Lending, Transaction Services, Financial Markets and CM&A teams in Asia. The Senior Credit Officers (SCOs) in this team have a deep understanding of credit structuring, credit risk and businesses & markets, next to the assessment of related risks like ESG, compliance and climate risk. In addition to the asset-by-asset approval process, SCOs have a delegated approval authority to manage their portfolios and they advise senior management on the strategic direction in terms of risk appetite and portfolio steering in sectors and products.

Opportunity:

TA&A is looking to support Front Office business ambitions by hiring a Senior Credit Officer who will be responsible for (1) executing client transactions from origination to closing and (2) managing the credit risk of an assigned client portfolio. The SCO is the primary point of contact for her/his portfolio, exhibits deep specialised knowledge on the relevant sectors, markets and/or products and safeguards the risk appetite of the bank in balance with a sound commercial sense. This person will work with various business units with specific responsibility for the Telecom, Media, Technology & Healthcare (“TMTH”) and Mining, Metals and Fertilizers (“MMF”) sector portfolios. This is a Director level position that will report to the Head of TA&A – Asia.

Responsibilities

• Advise on or approve credit proposals as presented by deal teams in the region in line with delegated authority and manage exposure within RAS boundaries, policy and regulatory requirements.
• Guide and develop junior personnel within TA&A to maximize their potential and ensure efficiency & effectiveness.
• Coordinate implementation of various global and regional regulatory commitments in the credit risk space.
• Proactively share and manage risk appetite with First Line to maintain a common risk culture.
• Continuous attention for compliance, non-financial risk, ESG risk and adherence to minimum standards regarding data quality, overdue reviews, compliant ratings and SOx.

Requirements

• You are an Orange Code ambassador
• 10+ years’ experience within Wholesale Banking front office and/or credit risk, with expert knowledge of lending products (and documentation) and working knowledge of financial markets products (and documentation).
• Good understanding of the TMTH and MMF sectors, preferably with experience in Asia and/or emerging markets clients and transactions.
• Well versed on regulatory developments affecting lending, capital requirements and compliance matters.
• Proven ability to take the lead, communicate effectively across the three lines of defense and take decisions under pressure.
• Gravitas to deal with senior management, auditors and regulators.
• Results oriented, dedicated and have flexibility to adapt well to a dynamic working environment with high level of integrity, sense of urgency, attention to detail and quality standards.
• Bachelor’s degree or above in Finance, Economics, Law or Engineering.
• You will have to confirm you understand and acknowledge the requirements for this role as a Material Risk Personnel as set out in the Guidelines on Individual Accountability and Conduct (IAC) issued by the Monetary Authority of Singapore in 2021. In addition, the SCO will be an Identified Staff as defined in ING’s Remuneration Regulations Framework

ING Bank

ING Bank covers Wholesale and Retail Banking in Asia Pacific. Our Wholesale Banking business is present and active in 11 major economies in the Asia Pacific, namely China, Hong Kong SAR, India, Indonesia, Japan, Philippines, Singapore, South Korea, Taiwan and Vietnam.

Overview

The Market Risk Management & Product Control department operates within the Trading Risk Management unit and is responsible for the daily measurement, control and assessment of the market risk profile and profit & loss of the trading books in the bank and provides advice to senior management on risk positions and stress testing. The department is globally setup within squads with product owners covering most aspects of the work on a specific asset class delivering a global vision of working in an aligned fashion. It is an agile scrum framework that suits itself well to a dynamic workload where teams jointly deliver within short timeframes. The successful candidate will be part of the global squad covering main risk reporting and management duties as well as contributing features to global projects of the asset class.

Job description – Analyst / Manager

The role of the Market Risk Manager & Product Controller is to monitor and analyze P&L and market risk exposure on a day-to-day basis for Credit Trading desk. It involves monitoring and measurement of positions against the bank’s limits. In addition, the analysis and calculation of independent valuation adjustments and reserves are part of this role. The wider team in Singapore consists of seven other members covering Rates Trading, Global Securities Financing, Structured Financing. The team has a joint responsibility to deliver on the quarterly requirements for reporting/control as well as system project roll-outs and regulatory compliance projects involving their respective asset class.

Key Responsibilities

Daily

• Ensure timely delivery of accurate daily P&L, VaR and Risk report
• Perform P&L attribution and Risk analysis independently
• Ensure excesses are rectified/explained or escalated
• Backtest the VaR and highlight/explain outliers
• Ensure accurate booking of trades to enable efficient risk management and balance sheet valuation
• Keep track of market developments/changes and its impact on trading strategy highlighting changes and issues to local management as well as direct discussion with Front Office personnel
• Ensure Front Office to General Ledger reconciliation is reviewed (Balance Sheet position and P&L)

Monthly

• Preparation of monthly risk meeting for Risk and P&L discussions among Front Office, MRM and Finance
• Perform reserves calculations and independent price testing
• Perform Fair Value Hierarchy assessment

Special Duties

• Assist in system implementations and projects on the desk as part of a squad with global alignment across the Credit asset class within Financial Markets
• Support in one-off product and trade approval discussion and fact finding together with senior stakeholders in the business
• Provide market risk assessment of credit trading portfolio for senior stakeholders in the business

We are looking for (key competencies and qualifications)

• You have a Bachelor’s/Master’s degree in Finance, Economics or Mathematics
• You have good MSOffice VBA knowledge, with ability to work with existing code and encode/troubleshoot simple VBA/macros, basic SQL knowledge is a plus
• You have strong analytical skills and good communication skills
• You have 3+ years of experience in Market Risk, preferably in Credit products

Bank Mendes Gans (BMG) is known world-wide as a niche bank for liquidity and information management services, providing integrated customized solutions for corporate companies around the globe. BMG has developed and perfected a full and integrated range of liquidity and information management services required by its corporate clients whom it serves with a high level of professionalism and personal service. BMG is part of the ING Wholesale Banking Clients Coverage.

Role and responsibilities

• As a Mid Office Banking Specialist at BMG you are the first contact for our international clients on all operational matters. You are a team player, not afraid to pick up the phone and talk to our clients about high value transactions, foreign exchange (FX) transactions, interest calculations, day to day cash pool and netting activities and many other topics.
• You provide excellent client support on sensitive international treasury- and cash management payments with complex routing, adhering to the international payment routing standards. In close cooperation with the BMG Treasury department you coordinate sensitive payments and ensure adequate funding is available with our correspondent banking partners. You understand and provide insight in detailed interest calculations and interest allocations within a group company.
• You are involved in onboarding of new clients from A to Z; collect and verify client documentation and assisting our clients with setting up their data in our state of the art self-service portals on our online banking platform ‘Megabank’. Contract verification, account activation and keeping customer files according to high quality standards requires accuracy and eye for details.
• As an Mid Office Banking Specialist you will have a dynamic job in the front line of our organization. You will work in close relation with our high value clients, your team members and colleagues from various BMG departments. Through working in the cash pool, netting and administration teams in one of the Mid Offices you will become an expert in international (FX) payments and cash & liquidity management while you master top notch service skills in a highly professional organization.

Company Culture

• A challenging environment with a team of dedicated co-workers
• A customer centric and result driven attitude
• A growing organization that values initiative and entrepreneurship
• Hands-on mentality and no-nonsense attitude

How to succeed

We hire smart people like you for your potential. Our biggest expectation is that you’ll stay curious. Keep learning. Take on responsibility. In return, we’ll provide you with the tools and an environment for you to develop.

Furthermore you have:

• Completed university (Bachelor) education
• Experience and familiar with international (FX) payments, cash pool and/or netting in an banking environment is a plus but not essential.
• You are not afraid to pick up the phone and call our clients about their high value treasury transactions, day-to-day cash pool and netting business and coordinate implementations.
• Able to work with, and have experience with, tight deadlines and a high pressure environment.
• Candidate must be proficient in Korean language as the role is required to liaise and interact with Korean-speaking clients
• Customer focus, attention to details, teamwork, planning and organizing, persuasiveness.
• Your mentality is to take it on and make it happen, to help others to be successful and to always are a step ahead.

ING Wholesale Banking in Singapore

We began operating in Singapore in 1987 where we host the regional Asia Pacific headquarters. With over 300 financial experts, we are the largest wholesale banking branch in Asia. ING stands out in the Asia Pacific region because we go a step further for our customers. We look at things from the client’s perspective which allows us to construct tailor-made solutions to fit the needs of every company we serve. This mentality underpins all our client relations and has produced various prestigious awards.

Job Profile Summary

The TMT & Healthcare sector cluster with ING Wholesale Banking has the mandate to develop wholesale banking business for ING in these two sectors globally. The sector team is responsible for developing business with clients in these sectors by providing financing, advisory services and other wholesale banking products & services to clients through its teams based in Asia Pacific, Europe and the Americas.

We are seeking to recruit a bright, numerate and articulate employee at Analyst/Associate level who would enjoy a new challenge working in a fast paced and dynamic environment. This is a junior lending professional role within the front office. You will support and work closely with Relationship Managers and/or deal team leaders and in virtual client teams. On the team, you will be exposed to and work with different colleagues from the TMT & Healthcare sectors and in future also other sectors in which ING specializes.

The vacancy involves regular contact with clients, prospects, other banks, technical and legal advisors and frequent cooperation with internal departments such as Credit Risk Management, Legal, Loan Distribution and Operations.

The role requires an individual who has strong analytical skills, is numerate, has strong written and oral communication skills and can work closely with others. Modelling experience, a good credit grounding, and prior corporate banking experience would be preferred.

Job Responsibilities:

The successful candidate is expected to work with team members including Client relationship managers/deal team leaders and other stakeholders to provide all execution support necessary to execute new financings. Networking with various external parties and working closely internally risk, legal, treasury, and with other product partners is required.

The candidate will be involved in every new lending transaction, working closely with the client relationship managers and/or Deal Principals and will take responsibility for many of the lending execution key processes, which include:

• Financial and credit analysis on existing and prospect clients.
• Preparing and efficiently processing credit approval packages.
• Building and preparing financial models with sensitivity analysis and validation of key assumptions.
• Interfacing with loan operations, treasury and the lending center of excellence units to verify limit availability, and compliance with internal policies.
• Oversee and coordinate deal closing including final CPs and obtaining the final loan documents.
• Providing origination support and lending analytics for clients.
• Involvement in term sheet negotiations and supporting loan syndication efforts.
• Analysis of different transaction structures and providing recommendations.
• Preparing business comparable and analysis of debt structures, performance metrics and debt pricing.
• Attending client team meetings and attend calls with customers including for transaction-related due diligence.
• Staying current on organizational operating policies and procedures (i.e. Risk, Legal, etc.) to ensure appropriate protocols are implemented and followed, and facilitate accordingly.
• Enhancing internal processes, suggesting efficiency improvements.

Specific responsibilities include:

• Reviewing due diligence including summarizing and performing analytics.
• Writing Greenlight memos, presentation and discussion with Risk Management.
• Running internal models including risk ratings and loan pricing, and interfacing with risk management to establish the appropriate internal risk rating.
• Assisting in the review of legal documentation and validating key terms & conditions.
• Working with and mentor junior Analysts, trainees and Interns by supporting them in their personal and professional development as lending professionals.

What we're looking for:

• Graduate in finance/economics/accounting/management (or similar).
• Minimum 1-3 years of relevant specialized or corporate lending experience.
• Experience in the Telecom, Media, Technology, Media and Healthcare sectors or other sectors in which ING is active, would be a plus.
• Collaborative and inclusive team player; embracing diversity and cross-cultural awareness and able to work effectively across functions.
• Exposure in corporate and project finance loan origination and execution.
• Understanding of credit skills and understanding of debt capital markets.
• Committed and dedicated individual with strong work ethic, positive attitude, and professional demeanor.
• Strong analytical skills and financial modelling skills.
• Strong presentation and communication skills.
• Self-motivated and willing to work in a deal oriented and deadline driven environment.

ING Bank

ING Bank covers Wholesale and Retail Banking in Asia Pacific. Our Wholesale Banking business is present and active in 11 major economies in the Asia Pacific, namely Australia, China, Hong Kong SAR, India, Indonesia, Japan, Philippines, Singapore, South Korea, Taiwan and Vietnam.

Overview

The Corporate Credit Risk Management Hong Kong team has Second Line responsibility for the credit risk of the bank’s Trade & Commodity Finance (TCF) and Corporate Sector Lending portfolio in Hong Kong branch. Within this team, the Local Risk Managers (“LRMs”) advise on and have delegated approval authority for transactions for which they are primarily responsible. The LRM also coordinates regulatory projects and other ad hoc credit related exercises.

Key Responsibilities

• Analyze, assess, approve credit applications or provide credit advice/recommendation to higher approval authority and manage the credit risk of designated TCF portfolio of Hong Kong branch.
• Proactively share and manage risk appetite with First Line to maintain a common risk culture including providing guidance on structuring of TCF credit facilities and compliance with credit policies.
• Manage within relevant Risk Appetite Statements, ensuring any deviations are properly reported, escalated or mitigated.
• Review legal documentation in consultation with Legal (in-house or external) and sign-off facility agreements and other documentation relating to the designated TCF portfolio.
• Review and approve risk ratings of TCF obligors and recommend risk rating appeals where applicable.
• Contribute to regulatory deliverables for Hong Kong branch, including but not limited to credit related reporting and the local implementation of policies and procedures.

We are looking for (key competencies and qualifications)

• Excellent communication (both written and verbal English and Chinese) and stakeholder management skills. Proficiency in Mandarin preferred.
• Solid analytical skills with ability to keep the big picture in mind but also focus on details as the situation requires
• At least 8 years of experience with TCF transactions in which you have assumed responsibility for credit assessment and review of loan documentation. Experience in credit assessments for Corporates would be a plus.
• Proven track record of operating independently and delivering solid results under time pressure
• Intimate knowledge of ING’s systems, processes and procedures is preferred
• Take it on and Make it Happen mentality

ING Wholesale Banking in Singapore

We began operating in Singapore in 1987 where we host the regional Asia Pacific headquarters. With over 300 financial experts, we are the largest wholesale banking branch in Asia. ING stands out in the Asia Pacific region because we go a step further for our customers. We look at things from the client’s perspective which allows us to construct tailor-made solutions to fit the needs of every company we serve. This mentality underpins all our client relations and has produced various prestigious awards.

Your work environment

Financial Markets (FM) is the Bank’s gateway to the professional markets around the world. Our primary function is to service the needs of ING’s clients with products, services and guidance. FM aims to be a significant player in our market leader and challenger markets, with an additional presence in all the major international markets and specialist expertise in selected emerging markets and products.

Your Role

FM Business Management team is critical to ensure that our Financial Markets franchise is operating at peak performance. The successful candidate will be a key partner in ensuring that our clients’ needs are fully satisfied and that our desks can fulfil their commercial responsibilities.

Your Key Responsibilities

- Co-ordinate business strategy and new strategic business initiatives

- Support the APAC FM Head of Business Management in providing management support to the head of the business in areas such as Cost Management, Strategy Development, Budgeting, Internal Controls and Employee Management (compliance / governance related controls)

- Ensure the quality and effectiveness of the front office control environment. - --- Ensure that there is adequate support and expertise from relevant Support Functions so that the Business can function efficiently.

- Co-ordinate the introduction and deployment of new products or entry into new markets

You will bring
- Sound knowledge on Financial Markets products – FX, Rates, Derivatives, Securities and Money Market.

- University degree from a relevant business field

- Sense of initiative and be proactive

- Able to work in a fast-paced, dynamic and intellectually stimulating environment.

- Have strong analytics and quantitative skills, to review and make conclusions over large client data (excel, Power-BI)

- An effective team player with good interpersonal and communication skills - - - High level of self-motivation

Position: KYC Client Outreach Analyst
Location: Singapore

ING Wholesale Banking in Singapore

We began operating in Singapore in 1987 where we host the regional Asia Pacific headquarters. With over 300 financial experts, we are the largest wholesale banking branch in Asia. ING stands out in the Asia Pacific region because we go a step further for our customers. We look at things from the client’s perspective which allows us to construct tailor-made solutions to fit the needs of every company we serve. This mentality underpins all our client relations and has produced various prestigious awards.

KYC Client Outreach Analyst

As part of a global KYC Enhancement Programme, ING Wholesale Banking is looking for experienced KYC Client Outreach Analysts to be responsible for Client Outreach and KYC processing within the KYC-domain for Asia Pacific.

Job Profile Summary

KYC Client Outreach function is responsible for supporting Know Your Customer (KYC) execution in accordance with ING compliance policies and procedures. The role plays an important part as liaison between stakeholder groups involved in the delivery of KYC processes, including Customer Domain Units (CDUs), front office, compliance and operational groups across the organisation. An Outreach analyst within the team will be responsible for engaging with internal and external stakeholders on a daily basis and ensuring the uninterrupted flow of communications between parties. An analyst will ensure that all required documents and data from clients is collected and stored in Vantage and as such delivered to the CDU for further processing. This is for both existing and new clients.

Job Responsibilities:

• Liaise with internal and external stakeholders on a daily basis (CDUs, front office, compliance, CoE, clients).
• Ensure that all required documents and data from clients is collected and stored in Vantage and as such delivered to the CDU for further processing in line with regulatory and internal ING requirements, including FATCA, CRS, ESR (Environmental and Social Responsibility).
• Understand and confidently communicate the KYC requirements to internal and external stakeholders.
• Support and educate clients on KYC initiatives of the bank and general KYC/AML requirements.
• Acquire and maintain accurate KYC documentation.
• Validate provided documentation for reasonableness and completeness.
• Ensure high quality customer experience.
• Monitoring and supervision of KYC control environment.

What we're looking for:

• Minimum 1 - 3 years’ experience in KYC/AML in a client facing environment is preferred.
• Highly analytical person with ability to recognize important information and identify risks.
• Strong organizational skills with excellent attention to detail.
• Ability to deliver to a high standard under pressure and short deadlines.
• Ability to multitask and manage a high number of priorities.
• Good knowledge of MS office package (Word, Excel, PowerPoint).
• Fluency in English, both verbal and written.
• Working knowledge with Vantage could be a benefit.