Associate, Asset Securitization

Structured Finance | Asset Securitization | Associate | NYC
ASec, Associate, 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 Asset Securitization (ASec) team is a front office commercial unit which offers securitized warehouse lending, and asset backed securities (ABS) capital markets origination and structuring to clients of ING.
• ASec originates, structures, executes, syndicates, and manages a portfolio of securitization 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, sales and trading professionals within ING Financial Markets, to originate, structure, and execute capital markets ABS issuances.
• ASec is a global group with teams in New York, Dublin, Amsterdam, Frankfurt and Singapore who work as multi-disciplined tribes on local and international transactions in a highly collaborative environment.
• ASec is responsible for managing its own portfolio of transactions as well as the transactions booked in MBCC as the administration agent, which involves continuous interaction and co-operation with our clients, and with internal stakeholders; in particular with the risk management, financial reporting, and operations departments.

About the position:

• The position is an associate role within the ASec team of ING New York. The successful candidate will join a highly dynamic and multi-skilled global team of banking professionals with experience in successfully originating, executing, and managing structured finance transactions.
• The position will be within the portfolio management and MBCC administration group within the Asset Securitization team .
• The successful candidate will receive all the necessary training and direct coaching and mentorship to develop the skills to be a successful structured finance professional.
• The position will allow for a significant amount of collaboration and co-operation across multiple countries, business sectors, and departments within ING.
• The position will involve direct involvement with clients as part of the transaction onboarding process and day to day managing of transactions in the portfolio.

Responsibilities :

• The Role will be principally Portfolio Management with some Transaction Execution Support. Specifically the role will comprise the following:
  • Performing the review and analysis of client generated borrowing base requests for drawings under the revolving credit facilities;
  • Assist on: annual and quarterly credit reviews, processing modification and amendment requests, and renewals of portfolio transactions;
  • Assist in the initial internal transaction credit ratings and annual credit rating reviews for lending transactions;
  • Periodically interface, collaborate, and respond to information requests from key internal stakeholders including Risk Management, Internal Audit, Treasury department, and Finance department;
  • Assist in the initial creation and periodic inputs to internal reports to ensure compliance with European Securitization regulations.
  • Support the global ASec portfolio monitoring teams in monitoring deal compliance and covenant tracking.
  • Assist in the co-ordination of the MBCC's ABCP dealers and management of the issuance of commercial paper including maturity dates, and currency risk for the multi-currency ABCP issuer;
  • Assist in the creation and maintenance of transaction folders, files, and documentation;
  • Assist the account managers in collecting information for the Know Your Customer requirements with respect to clients
  • Assist in monitoring the portfolio's commercial performance as well as preparing

Salary Range: $120,000 - $155,000
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.