ING Transaction Services in the Americas

Transaction Services (‘TS’) is part of ING’s Wholesale Banking division and operates globally with daily banking related products including Working Capital Solutions, Trade Finance Solutions, Payments & Cash Management, and Liquidity Management Solutions like cash pooling, virtual cash management or solutions offered via Bank Mendes Gans.

With strong domestic presence in European countries, ING has developed into a leading player in European Transaction Banking and has a growing footprint in the U.S. To further expand its international franchise, ING is looking for an Associate to join the Working Capital Solutions team of ING Americas.

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Responsibilities:

The role is based out of New York and reports to the Head of Working Capital Solutions for the U.S. On a day-to-day basis, the individual will work closely with the Deal Principals supporting their sales activities in the region. The candidate will provide support in the following areas:

• Marketing: contribute to product development initiatives, identify new sales opportunities, prepare client pitch presentations, working capital analysis.
• Deal Structuring: draft Term Sheets, propose / assess transaction features, engage as appropriate with relevant stakeholders.
• Pricing Approval: Run pricing and internal capital consumption model.
• Credit Approval: Prepare internal credit approval package, together with the Deal Principals, manage interactions with the relevant internal stakeholders including Coverage, Risk, Operations, etc.
• Execution: focusing on simple to more complex transactions from credit approval to closing, support the Deal Principals in all transaction execution steps including negotiation of legal documentation, interaction with distribution / insurance teams, coordination with operations teams on closing.
• Client Interaction: the role will involve interacting with clients throughout the process.

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Flexibility / Efficiency

The role requires a high level of coordination with various internal stakeholders, both locally as well as internationally. The Associate will be fully involved in ensuring smooth and efficient coordination throughout the network.

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• Understanding of Trade Finance and Working Capital Solutions products for clients operating globally, across multiple sectors.
• Minimum of 3-year experience in the Trade Finance / Working Capital Solutions space or prior experience in a Credit Analyst role.
• BA/BS in Business Administration, Economics, Finance, Accounting or similar field.
• Strong financial and credit analysis capabilities.
• Strong written and interpersonal communications skills.
• Self-starter, can-do mindset, able to work without direction.
• Team player.
• Good Microsoft Office (Word, Excel, PowerPoint) skills.
• Onsite expectation is 4 days a week onsite.

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In addition to comprehensive health benefits, a generous 401k savings plan, and competitive PTO, ING provides a broad array of benefits including adoption, surrogacy, and fertility services; student debt assistance; and subsidies for expenses associated with commuting and fitness.

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