Title: Associates, Counterparty Credit Risk
Employer: ING Financial Services, LLC
Location: New York, NY
Salary range: $117,000 - $123,000
Job Description:
Perform credit risk analysis by assessing counterparties’ financial condition, measuring settlement and pre-settlement exposures, and evaluating risks related to securities financing and
other trading products. Work with the Counterparty Credit Risk team to assess the financial strength of financial counterparties including banks and asset managers with a primary focus on
pension funds. Conduct sector and counterparty reviews, assign internal risk ratings, and recommend credit limits. Monitor financials and exposures including performing sensitivity analyses. Analyze and interpret risk measurements for securities financing and derivatives transactions. Provide advice on trade approvals and ad-hoc transactions. Support senior credit officers with mortgage REITs, broker-dealers, clearing houses, and exchanges. Develop and maintain dashboards to monitor mortgage REIT and broker-dealer financials, ratings, limits, exposures, key metrics, and trends. Use Bloomberg Terminal to track market sentiment, price movements, and market indicators. Maintain portfolio tracking dashboards and prepare presentation materials by consolidating datasets with Power Query, generating reports and visualizations, and analyzing portfolio trends across exposures, concentrations, capital metrics,
sectors, products, and credit risks. Apply knowledge of Agency Lending business analysis, compliance requirements, applicable regulations, and operational procedures to support Agency
Lending activities, including stakeholder coordination and management of principal processes such as onboarding and offboarding, assigning principal ratings, and monitoring principals. Assist with U.S. regulatory reporting requirements and related projects.
Minimum Requirements:
Master’s degree or foreign equivalent in Accounting, Finance, or Economics and minimum 2 years of banking experience working with credit risk management. Must have experience working with the following: performing credit risk analysis, assigning risk ratings, and recommending credit limits; analyzing counterparties including financial institutions, NBFIs, or corporates, and transaction summaries; financial market products including loans, derivatives, and securities; conducting sensitivity and scenario analyses on financial or credit metrics; performing credit research and financial modeling for projections; monitoring credit portfolios including exposure measurement, credit metrics, and key risks and mitigants; data analysis and automation using Excel formulas, PivotTables, and Macros; utilizing Bloomberg Terminal for analytics; securities financing or related funding or credit approval processes; and U.S. or international regulatory frameworks and reporting requirements. #LI-DNI
Skills Required
- Master's degree in Accounting, Finance, or Economics (or foreign equivalent).
- Minimum 2 years of banking experience in credit risk management.
- Performing credit risk analysis, assigning internal risk ratings, and recommending credit limits.
- Analyzing counterparties including financial institutions, NBFIs, corporates, and transaction summaries.
- Knowledge of financial market products including loans, derivatives, and securities.
- Conducting sensitivity and scenario analyses on financial or credit metrics.
- Credit research and financial modeling for projections.
- Monitoring credit portfolios including exposure measurement, credit metrics, and key risks and mitigants.
- Data analysis and automation using Excel formulas, PivotTables, and Macros.
- Utilizing Bloomberg Terminal for analytics and market tracking.
- Experience with securities financing or related funding/credit approval processes.
- Familiarity with U.S. or international regulatory frameworks and reporting requirements.
- Developing and maintaining dashboards, reports, and visualizations (Power Query, consolidation of datasets).
What We Do
ING is a pioneer in digital banking and on the forefront as one of the most innovative banks in the world. As ING, we have a clear purpose that represents our conviction of people’s potential. We don’t judge, coach, or tell people how to live their lives. However big or small, modest or grand, we empower people and businesses to realise their vision for a better future. We made the promise to make banking frictionless, removing barriers to progress, and make people confident in their financial decisions. As a global bank we have a huge opportunity – and responsibility – to make an impact for the better. We can play a role by financing change, sharing knowledge, and innovating. Being sustainable is in all the choices we make—as a lender, as a partner and through the services we offer our customers
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