Job Overview:
• As a Senior Analyst for Collateral Management, you will be responsible for the correct, complete and timely execution of the collateral management tasks in order to collateralize financial markets transactions with the purpose to mitigate credit risk.
• You will be responsible for the daily calculation, notification and agreement of margin calls towards the counterparty, the administration of any collateral given or received and the registration and initial follow up on any disputes between ING and the counterparty.
• You will be interacting with clients, Front Office, Risk teams, Support teams, to name a few.
Key Responsibilities:
• Supervise and execute the daily collateral management process in a timely and accurate manner to meet ING’s obligation under the legal documentary framework such as CSA, GMSLA & GMRA
• Resolve margin disputes with counterparties (GMRA and GMSLA) and escalate margin disputes after careful analysis and failed collateral settlements to expert team in Amsterdam;
• Interact externally with counterparties (risk managers and traders) and internally with several disciplines;
• Review processing procedures and propose improvements to increase efficiency.
• Prepare and send interest/fee statements to counterparties at the start of the month
• Calculate and negotiate monthly interest/fees on any collateral given or held
• Review and approve collateral moves and monthly interests booked by Junior processors
• Create and send reports and any other approved ad hoc requests
• Provide assistance to junior members through one on one coaching and training
• Take on Team Lead tasks and activities as needed
Top Skills
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
