About the position
We have a great opportunity to join the Portfolio Management Project Finance team as VP. This is a mid-level lending professional role within the front office. As a key member of the Portfolio Management team, your responsibility is to actively manage the lending portfolio and optimize returns through strong analytics and capital velocity. On the team, you will be exposed to and work with different colleagues from several Sectors (focusing on Energy, TMT&H and CF&A), TM, CM&A, Risk and Legal whilst aligning with back office / support teams. At the same time, the Portfolio Management team plays a key role in further optimizing our processes for regulatory readiness, operational effectiveness and portfolio optimization.
Responsibilities
The Portfolio Management Project Finance team is the ‘center of excellence’ for the in-life management of ING’s project finance lending exposure. It covers all activities post the initial funding to the final repayment of a lending transaction. As a front office department, it is closely collaborating with Origination & Structuring colleagues and product specialists to ensure a seamless client experience. The Portfolio Management function is organised along product and sector considerations. Each portfolio manager covers a set of portfolio clients and acts as the first point of contact for the ongoing credit monitoring, analytics, internal risk and other reporting.
Portfolio Management supports the identification of cross-buy opportunities and is also closely involved in the delivery of ING’s capital velocity targets. The team is being supported by Global Lending Support in Dublin and the ING hub in the Philippines. Together with Tribe Lending and CLEC, it is a key driver of improving processes, standardisation, and digitalisation across Lending.
The specific responsibilities of a VP include actively managing all facets of the individual files booked in your dedicated portfolio, including but not limited to:
- Quarterly and annual credit reviews as well as portfolio reviews
- Process amendment and waiver requests, write or review credit modifications, submit to risk and address Q&A, follow-up on the required legal amendments to the documentation until execution
- Prepare and process risk rating updates for project finance clients, submit to risk and address any Q&A
- Review annual risk rating updates prepared by an administrative support team for corporate-style clients
- Diligent and proactive credit monitoring through the review of all financial covenants and operating performance (e.g. financial models, proforma adjustments, key drivers, etc.) and track compliance of covenants prepared by an administrative support team
- Identification and resolution of Early Warning Signals for a deterioration in credit quality
In addition, a VP will monitor and identify market developments and proactively manage their potential impact on your portfolio by:
- Preparing and maintaining reports as requested by regulators or internal stakeholders
- Preparing quarterly portfolio reviews
- Maintaining various department and industry databases/trackers
- Maintaining internal portfolio tracking metrics
- Responding to ad hoc internal requests on portfolio composition and exposure
- Coordinating and working with offshore portfolio support teams
- Managing lending limits and Capital Velocity programs
A VP will take active part in the various Virtual Client Teams by:
- Interfacing with relationship managers and sector specialists to ensure an active dialogue on credit trends, challenges and opportunities for individual clients
- Contributing to idea generation for value added cross-buy or client opportunities
Rewards and benefits
We want to make sure that it’s possible for you to strike the right balance between your career and your private life. Find out more about our employment conditions.
The benefits of working with us at ING include:
A competitive salary aligned with your skills and experience
25-28 vacation days depending on your contract
Pension scheme
13th month salary and 8% holiday allowance
Individual Savings Contribution (BIS), 3.5% of your gross annual salary
Flexible working hours and hybrid working options
A mobility card: choose your mode of transport for commuting each day, with free public transport on weekends.
Personal growth and challenging work with endless possibilities
An informal working environment with a diverse group of innovative colleagues
About us
Curious about how ING empowers people and businesses to move forward?
Discover what we do and what we can offer you.
Skills Required
- Mid-level lending experience
- Experience in credit monitoring and analytics
- Ability to manage complex financial documents and interactions with risk and legal teams
- Experience in project finance
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
