Associate, Financial Markets Settlements

CSD | FM Settlements/Repo | Manager/Associate | NYC/Hybrid

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 role requires an experienced fixed income settlement professional with managerial skills. The incumbent should have a strong understanding of FED and DTCC Markets as well as the current working knowledge of industry initiatives impacting the fixed income industry.

About the department:

Settlement operations consist of two teams (Repo and DTC) providing clearance support for multiple desks under both ING Financial Markets LLC and ING Capital Markets LLC and ING Capital LLC. The teams oversee various fixed income products via FED and DTCC consisting of but not limited to Bilateral / Tri Party / Sponsored / Cash / Commercial Paper while remaining FINRA compliant.

Responsibilities:

• Manage settlement teams providing coverage for various fixed income products across multiple trading desks and affiliates. 
• Lead for both internal and external audits (SOX, ORM and KPMG)
• Ensure the firm remains compliant with all regulating policies.
• Participate in new business initiatives (developing, testing, enhancements, etc.)
• Ensure staff adheres to written procedures for departmental functions.

Qualifications and Competencies

• 7+ years of experience with Bi-lateral / Triparty / Sponsored repo settlements
• Supervisory experience required.
• FINRA certification: Series 99 required / Series 7 desirable.

• Strong reconciliation skillset

• Communicate effectively/efficiently with trading desk.
• BNY Mellon BDC / AccessEdge / Impact ICI / DTCC RTTM/CFM / Broadridge BPS

Salary Range: $110,000 - $140,000K

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.