Total 5 job vacancies by ING Financial Services LLC

Sectors | Trade & Commodity Finance | Vice President | NYC

Trade & Commodity Finance, Vice President, New York, NY

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

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.

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

The Opportunity:

Relationship Manager for the leading Trade and Commodity Finance (“TCF”) bank in the world.  Located in ING’s New York office, this role will ultimately report up to the Head of ING TCF Americas in New York. 

Main Duties and Responsibilities of Role:

• You originate, structure and execute new commodity finance transactions across the full spectrum of commodities including energy, metals and softs borrowers
• You source new commodity merchant clients for the growing Trade & Commodity Finance (“TCF”) portfolio
• You manage and monitor an existing portfolio of lending exposures ranging from large, global commodity traders to small to mid-size regional merchants.
• You support and expand existing client relationships both in the core lending products (borrowing base, unsecured RCF, transactional lending and payment undertakings) and through “cross-sell” initiatives with Financial Markets, M&A, Advisory and DCM
• You collaborate with -and mentor- junior colleagues

Specific Tasks Include:

• Monitoring market developments and trends, and identifying new commercial opportunities
• Managing deal teams and coaching junior team members
• Establishing and maintaining relationships with other banks active in the market
• Being responsible for all stages of origination and execution of individual transactions, including:
  • preparing and presenting transactions to the commercial approval platform
  • pitching new transactions to existing and prospective clients
  • structuring financing solutions for existing and prospective clients
  • commercial negotiations
  • learning the receivable discounting product (“payment undertaking”) and facilitate those transactions as it relates to a respective borrower/seller covered in your portfolio
  • credit analysis (including preparation of credit applications and annual/quarterly reviews)
  • building a rapport and positive dialogue with credit risk management
  • executing Admin/MLA function for lead deals
  • coordinating with all relevant internal and external stakeholders including cross-sell product teams and Syndications
  • legal documentation negotiation and execution process
  • coordinating of administrative and monitoring processes
• Facilitating cross-sell of a range of products to clients
• Processing amendment and waiver requests
• Ensuring timely risk ratings and reviews of the existing credit portfolio
• Responsible for customer due diligence and compliance-related tasks
• Support Head of TCF Americas in the implementation of TCF policy in relation to the markets in which TCF operates
• Participating in ING’s in-house training curriculum as well as in external courses and seminars
• Attending industry conferences

Profile

Qualifications / Education:

• You hold a Bachelor's in business administration, finance or a related field. Master’s degree is preferred. Will accept combination of degrees equivalent to a US Bachelor's.

Experience / Knowledge:

• Minimum 10 years of banking industry experience.
• Trade & Commodity Finance experience required but not required.
• Must have experience working with a broad suite of banking products in the daily banking and advisory domains.
• Given requirement to manage global client relationships, experience with and knowledge of ING product offerings and capabilities globally is a key consideration. 
• Working on all stages of deal execution including preparing pitchbook presentations, market reads, and greenlight packages.
• Must have the following experience: financial services experience assisting in originating and structuring complex, multi-layer client finance lending transactions; negotiating complex international transactions and/ or conflict arbitrations credit applications; drafting term sheets; and reviewing transaction related legal documentation.
• Should be familiarised with risk factors such as the impact of bank regulation models on capital consumption, market fluctuations (FX, rates, commodity prices) and potential client solutions (hedges, bond and secondary markets, re-insurance, etc.) Understand multiple geography considerations such as market events, trends and industry evolution as part of the financial sponsor conversation and scope.

Competencies:

• You have strong leadership, strategic, interpersonal, and communication skills
• You possess the ability to deliver with efficiency and effectiveness with minimal day-to-day oversight
• You demonstrate determination and dedication towards achieving results
• You are willing to go above and beyond for the sake of the team and clients
• You have a consistent history of performing at the highest ends of review and appraisal metrics
• Great teammate

Salary Range: $180,000 - $230,000

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.

Lending Transaction Management | Energy| Vice President | NYC

Energy, VP-Transaction Management, NYC

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

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 position:

This is a senior lending professional role within the front office. As player-coach, you will carry primary responsibility for some of the key processes related to lending transactions, along with guiding a team of junior bankers that execute new lending transactions and works closely with the client relationship managers – Directors and Managing Directors - and sector experts to originate new lending transactions.  You will work most closely with the Energy team, which is part of ING Global Sector Coverage to cover traditional and renewable power generation, including storage and you will work with other sector teams as well.  In this role, you will be responsible for: New Deal Origination / Execution: Execute new business in two or three sectors with an emphasis on Renewables & Power.

Responsibilities :

Responsibilities include but are not limited to:

• Preparing presentation materials for new financing opportunities
• Initial deal screening/selection and risk analysis, writing greenlight memos.
• Performing due diligence, credit applications and ancillary documents.
• Reviewing and/or negotiating financing documents and material project agreements.
• Capital structuring or M&A transactions in the energy sector as well as assisting and managing the onboarding of clients/ borrowers, KYC, credit, industry & market analysis.
• Building return and project finance debt models from scratch, and internal risk rating models.

Qualifications and Competencies

• 6 + years of relevant project/corporate finance experience ideally in the North American power industry
• Active Series 79/63 or eligibility.
• Bachelor’s degree in accounting, Finance, Economics or Math; MBA is a positive
• Strong financial and credit analysis capabilities
• Strong financial modeling capabilities, including strong Excel skills and ability to independently work on financial debt projection models.
• In-depth knowledge of the power and renewables project finance industry, including a healthy degree of familiarity with financing structures, tax equity, etc.
• Knowledge of, or high degree of interest in, any of the following industries: TMT, Real Estate, Trade & Commodity Finance, Investment Industry Finance, Infrastructure, Financial Institutions, Export Finance, Asset Backed Lending and Food & Agriculture
• Ability to manage, motivate and mentor junior staff members.
• Excellent presentation and communication skills
• Ability to thrive in a fast-paced environment with multiple competing priorities, that involve managing multiple projects simultaneously and meet strict deadlines.
• Committed and dedicated team player, self-motivated high quality/high quantity producer
• Strong written and oral communication skills; detail-oriented and accurate
• Proficiency in MS Office (Excel, Word, PowerPoint)
• Strong understanding of key financial markets and products
• Understanding of corporate and bankruptcy law

Other:

• Deal Credentials including bank and individual role and responsibilities.
• References

Salary Range: $180,000 - $230,000

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.

Energy | Renewables & Power | Position | NYC/Houston

Renewables & Power, Vice President, NYC/Houston

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

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 position:

The Energy – Renewables & Power (“R&P”) team is part of ING Sector Coverage. The R&P team covers power & renewables market in the Americas, with a primary focus on leading project finance lending transactions. The team covers all power generation technologies including natural gas, solar, wind, hydro, geothermal and battery storage.

Responsibilities :

• New Deal Origination/Execution Support: Support MDs, and Directors in the R&P Team in the origination and structuring of financing solutions, with an emphasis on project finance in the North American power sector. Responsibilities include but are not limited to industry & market analysis; preparing pitches and presentations for new financing opportunities, capital structuring or M&A transactions in the power sector; greenlight memos, credit and written summaries for new lending transactions; using own or third party financial models to prepare or review financial projections and sensitivities analysis, reviewing due diligence materials, participation in the credit application process and oversight of junior deal team members work, and assisting in the maintenance of industry and market intelligence databases.
• Training and coaching of junior team members: the successful candidate is expected to shadow Ds/MDs assuming a deputy oversight role over the deal teams junior member teams

Requisite Skill Set:

• Expertise in corporate and project finance loan origination and execution with a special emphasis on the North American (US) renewable and power market, including financing structures, tax equity partnership structures ;
• Strong credit skills and understanding of debt capital markets;
• Strong presentation and oral/written communication skills;
• Strong financial modeling skills
• Committed and dedicated individual who will continuously improve the way the team works and coach/train other team members;
• Collaborative and able to work effectively across functions and regions; 
• Ability to thrive in a fast-paced environment with multiple competing priorities;
• Self-motivated and willing to work in a deal oriented and deadline driven environment;
• Strong work ethic, positive attitude, and professional demeanor.

Other:

• Writing sample (credit analysis)
• Taking a debt modelling test
• References

Qualifications and Competencies

• Education: Bachelor’s Degree in Accounting, Finance, Economics or Math
• Experience: min 6 years of relevant project finance experience ideally in the North American power industry
• Microsoft Excel, PowerPoint, Word
• Series 79/63 or, commitment to obtain within 6-month of joining.

Salary: $180,000 - $230,000

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.

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Risk | Trading Risk Management (TRM) | Regulatory Risk Manager | Location

Risk, Regulatory Risk Manager, NYC

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

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 TRM department is a central part of ING’s risk management framework, with primary responsibility for assessing, monitoring, and managing risks of all trading books. TRM is independent from the revenue generating divisions of the firm and reports to the firm’s Chief Risk Officer and Global Head of TRM. The regional TRM function is responsible for market risk management and product control of trading books as well as counterparty credit risk management.

ING Capital Markets LLC has become a registered standalone US Swap Dealer and must comply with CFTC capital rules. The team has been growing significantly and another exciting opportunity is available within TRM New York to cover many aspects of this new regulation.

Responsibilities :

• Must be able to respond to and submit all regulatory requirements promptly and always ensure compliance with US regulations and internal policies. Immediately escalate to senior management in case issues with any regulatory deliverables;
• Actively participate in CFTC/NFA examinations, internal audits (CAS), external reviews (KPMG) and Model Validation (MV) on Market Risk, Product Control, Counterparty Credit Risk models and Initial Margin (SIMM);

• Market Risk/Credit Risk
  • Calculate, review and report market and credit RWAs (key stakeholders: Senior Management, Risk Committee and US Regulators);
    • VaR, Stressed VaR, Backtest, Greeks, Stress Test, Risk-Not-In-Model, P-value;
    • SA-CCR and other Standardized Approaches (Fed Rules);
  • Work very closely with the Head Office and prioritize/communicate US requirements;
  • Participate in new product approval process (PARP).
  • Liaise with other risk managers to prepare ongoing monitoring packages for US regulators and respond to ad hoc requests;
  • Find cohesion between different methods and regulations to address regulatory requests quickly and effectively;
  • Read applicable regulatory rules (e.g. CFTC final rules), translate this to business context and ensure compliance with external rules and internal policies;
  • Perform ad hoc analysis and implement tactical tools (in Excel or Python) to mitigate situations of non-compliance;
  • Streamline and innovate reporting processes + adapt to IT and system changes;
  • Actively collaborate with global stakeholders to find strategic solutions;
  • Participate in new internal projects;
  • Assist and back-up other risk managers to report, monitor, control and review trading businesses in New York.

Qualifications and Competencies

• Bachelor’s degree in Business, Finance, Statistics, Economics or other relevant field of study;
• 2-7+ years of relevant working experience;
• Delivery focused with strong analytical skills;
• Energetic, able to work independently and take the initiative to drive value;
• Strong market risk / credit risk knowledge, (knowledge on US regulation is a plus);
• Ability to perform under pressure and react/reprioritize quickly;
• Excellent organization skills are required;
• Proactive, team player and hands-on;
• Proficient in Microsoft Excel and VBA (Python and SQL are highly recommended).

Salary Range: $120,000 - $145,000

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.