Background on what ING is about:
ING Hubs Philippines (ING Hubs PH) is an international part of the ING organization delivering services to many Business Units across the world for both Wholesale Banking and Retail Banking activities. Working for ING Hubs PH means working with the most diverse workforce and where no challenge is the same.
At ING our purpose is to empower people to stay a step ahead in life and business. We believe that sustainable progress is driven by people with the imagination and determination to make a better future for themselves and those around them.
ING is changing what banking is. For you, that means plenty of opportunities for personal growth in a continuously evolving environment. If this is the environment you thrive in, then apply and join us in changing the future of banking!
Job Overview
- As a Subject Matter Expert 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
Key Capabilities/Experience
- Professionalism
- Communication Skills
- Teamwork
- Positive Attitude
- Problem Analysis
- Accountability
- Change ready
- Holistic
- Attention to Details
- Organizing own work
Minimum Qualifications
- At least 4-6 years of relevant experience in the field of Financial Markets, Credit Risk Management, and/or Collateral Management
- MS Office (Excel /Access) proficient
- Understanding of legal documentation regarding collateralized products.
- Understanding of financial markets instruments
- Awareness of market practices, risk, securities life cycle and process flow of products
- Certification (Training, Tertiary, etc.)
- Experience in using Bloomberg
- Fluent in English language