Associate, Portfolio Management

About the Position

Associate, Portfolio Management

Join ING Bank as an Associate, Portfolio Management in New York, focusing on credit monitoring, analytics, and internal reporting.

Responsibilities

• Support the Team Lead in preparing and supporting all facets of the daily operations of the portfolio, including but not limited to:
  • Quarterly and annual credit reviews
  • Prepare quarterly Credit Risk Management (“CRM”) 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
  • Track compliance of financial covenants and other reporting covenants such as construction/ operating reports, insurance, etc.
  • Assist the team in the execution of new transactions, amendments, and refinancings on an as-needed basis
  • Prepare and maintain financial projections for portfolio names
  • Prepare and maintain reports as requested by regulators, rating agencies, and other external parties
  • Maintain various department and industry databases/trackers
  • Maintain internal portfolio tracking metrics
  • Respond to ad hoc internal requests on portfolio composition and exposure
  • Coordinate and work with offshore portfolio support teams
  • Work with Sector colleagues to prepare quarterly sector updates
• Assume key role in handling internal system processing (Vantage) including GRID, FINAN, TSC, Risk Rater
• Diligent and proactive credit monitoring through the review of all covenanted financial and project information (e.g. financial models, Borrower and Adviser operational / construction progress reports) as well as compliance with all regular reporting activities in line with the bank’s policy and procedures
• Monitor and identify market developments and proactively manage their potential impact on the portfolio
• Support Team Lead and coordinate between Portfolio Management/ Origination in order to ensure timely and accurate response to internal (CAS) and external regulatory controls and audits by providing the required insights, reports and samples and by participating in the dialogue if so requested
• Stay up-to-date on organizational operating policies and procedures (i.e. Risk, Legal, etc.) to ensure appropriate protocols are implemented and followed, and facilitate accordingly
• Coordinate with KYC/CDD team

Requirements

• Minimum of 3 years of project finance and/or energy and commodities finance experience required
• BA/BS in finance/economics/accounting/management/engineering (or similar)
• CFA a plus
• Spanish proficiency a plus
• Strong financial and credit analysis capabilities
• Strong financial modeling capabilities
• Knowledge of the industry and experience with project finance structure
• Excellent presentation and communication skills
• Ability to thrive in a fast-paced environment with multiple competing priorities
• Committed and dedicated individual
• Understanding of risks associated with project finance
• Knowledge of Legal Documentation
• Proficient in MS Excel and Word

We Offer

• Salary range: $130K - $175K
• The salary range listed reflects base salary only. This role is eligible for participation in a discretionary bonus program.
• Comprehensive health benefits
• Generous 401k savings plan
• Competitive PTO
• Broad array of benefits including adoption, surrogacy, and fertility services; student debt assistance; and subsidies for expenses associated with commuting and fitness

About the Company

In Americas, ING’s Wholesale Banking division offers a broad range of innovative financial products and services to domestic and international corporate and institutional clients.

When you come to work at ING, you’re joining a team where individuality isn’t just accepted, it’s encouraged. We’ve built a culture that’s fun, friendly, and supportive – it’s the kind of place where you can be yourself and make the most of whatever you have to offer.

We give people the freedom to take risks, think differently, take ownership of their work, and make great things happen. We’re here to help you get ahead. And with our global network, there’s plenty of scope to take your career in new directions, perhaps even ones you’ve never considered. ING Americas follows a hybrid work model, allowing for in-office / work from home flexibility. Hybrid work arrangements vary based on business area.

Sound like the kind of place you’d feel at home? We’d love to hear from you.

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