Counterparty Credit Risk Associate

Counterparty Credit Risk | Counterparty Credit Risk | Associate | New York

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 Associate role is part of the Counterparty Credit Risk (CCR) team. CCR is a central part of ING’s risk management function, responsible for managing the credit exposure of trading counterparties from a second line of defense view. CCR’s main goal is to determine the risk appetite, manage, and monitor of portfolio of financial institutions and non-bank FIs counterparties transacting in derivatives and securities financing.

CCR is independent from revenue generating divisions and reports directly to the local Chief Risk Officer.

Responsibilities :

• Assess the financial strength of financial counterparties including banks and asset managers (primary focus).
• Familiarity with Agency Lending business analysis, applicable regulations, and operational aspect. 
• Assisting senior credit officer with mortgage REITs, broker/dealers, clearing houses & exchanges
• Write sector and counterparty reviews, assign internal risk ratings and determine credit limits
• Monitor financials and exposures including conducting sensitivity analysis
• Interpret the risk measurements associated with securities financing & derivatives transactions
• Provide advice on trade approvals and ad-hoc transactions
• Assist with US regulatory reporting requirements and ad hoc projects
• This job entails some key responsibilities of a vice president, recognizing the candidate will be gaining necessary valuable experience to advance to a vice president position.

Qualifications and Competencies

• Bachelor’s degree or international equivalent in accounting, finance, economics.
• 4+ years of previous experience in counterparty credit.
• Working knowledge of financial markets.
• Strong knowledge and experience in financial analysis of banks or credit training from a ratings agency.
• Advanced MS Excel inclusive but not limited to, Power Query, Macro’s, VBA, PivotTables, Lookups.
• MS PowerPoint
• Strong communication skills (written, oral, and listening) and interpersonal skills is a must.
• Strong analytical and critical thinking skills
• Self-directed, motivated, and ability to learn fast
• High degree of integrity and strong work ethic
• Ability to perform under pressure and multitask is key.
• Detail-oriented with a commitment to quality and control
• MBA/CFA is preferred.

Salary Range: $90,000-$120,000

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.