Vice President, RMLA

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 the Lending Support (‘RMLA’) Team which is part of the Lending Organisation within ING’s Wholesale Bank (“WB”).

Lending [APAC/Singapore] is responsible for the end-to-end management of all lending activities in Wholesale Bank (“WB”) [in Singapore / across ING’s eleven offices in APAC]. 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 / APAC] offers lending solutions to our clients, which 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 [VP] 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.

Job Responsibilities:

Operational and Regulatory Support

• Support the lending teams with the closing and execution of lending transactions.
• Mitigate non-financial risks and support the continuous improvement of our department through process analysis and optimization.
• Coordinate and oversee Key Control Testing of Lending controls, 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.
• For Non-Financial Risks that have been identified, ensure that all outstanding action points that are owned by Lending or with Lending PTAs, are closed satisfactorily within given timelines.
• Manage local regulatory reporting for the Lending team.
• Support management of insurance contracts.
• Execute tasks related to lending projects based on business needs or regulatory requirements, and coordinate with internal stakeholders.
• Serve as a key contact for both external and internal partners, including ING Credit Risk, Operational Risk, Compliance, local/regional/global colleagues on and auditors, on Lending processes.
• Coordinate the implementation of change processes and ensure compliance with regulatory processes and reporting requirements.

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.
• Support Portfolio Management to perform in-depth analytics for management information and provide necessary background and underlying dynamics.

Change Management for Lending Projects/Initiatives

• On-boarding of the new loan origination systems and other loan management digitalization initiative.
• 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 Manila Hub.
• Manage the process for all new Lending product approvals as well as reviews and ongoing maintenance.
• Participate together with Portfolio Management and global expertise centers in design, approvals and implementation of new capital velocity initiatives and products including loan portfolio sales, credit risk insurance or participations, loan-backed securitization and significant risk transfers.
• Actively track global policy changes and ensure efficient transfer of information and compliance with new rules.

What we're looking for:

• Bachelor’s Degree in Economics / Finance / Accounting / Mathematics or similar with strong results.
• Minimum 7 years of wholesale banking experience, preferably in Lending.
• Excellent 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 demeanor.