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Associates, Asset Securitization



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Title: Associates, Asset Securitization

Employer: ING Financial Services, LLC

Location: New York, NY

Salary range: $130,000 – $175,000

Job Description:

Work with the portfolio management and MBCC administration group of the Asset Securitization (ASec) team in portfolio management and transaction execution support. Perform review and analysis of client generated borrowing base requests for drawings under the revolving credit facilities. Assist on annual and quarterly credit reviews, processing modification and amendment requests, and renewals of portfolio transactions. Assist in the initial internal transaction credit ratings and annual credit rating reviews for lending transactions. Periodically interface, collaborate, and respond to information requests from key internal stakeholders including Risk Management, Internal Audit, Treasury department, and Finance department. Assist in the initial creation and periodic inputs to internal reports to ensure compliance with European Securitization regulations. Support the global ASec portfolio monitoring teams in monitoring deal compliance and covenant tracking. Assist in the co-ordination of the MBCC’s ABCP dealers and management of the issuance of commercial paper including maturity dates, and currency risk for the multi-currency ABCP issuer. Assist in the creation and maintenance of transaction folders, files, and documentation. Assist account managers in collecting information for the Know Your Customer requirements with respect to clients. Assist in monitoring the portfolio’s commercial performance.

Minimum Requirements:

Master’s degree or foreign equivalent in Finance, Economics, or related field and minimum 2 years of experience as Investment Associate, Project Manager, or related. Experience must include: originating, executing, and managing structured finance transactions; conducting due diligence on existing and prospective borrowers; drafting credit memos, term sheets and reviewing loan documentation; collaborating across multiple countries, business sectors, and internal stakeholders including risk management, financial reporting, and operations departments; direct involvement with clients as part of the transaction due diligence, structuring and onboarding process; performing day-to-day portfolio management, including drafting annual reviews and credit modifications, periodic deal settlements, monitoring borrower’s financial and credit covenants, performing KYC for new clients, and quarterly credit review; working with multi-disciplined teams on local and international transactions; working in the digital infrastructure, consumer loan and auto loan sectors; calculating and analyzing key covenants/triggers based on loan tape via excel and SQL; and utilizing Pitchbook.

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ING’s vision is to unlock our people’s full potential through our inclusive culture where everyone has the opportunity to develop and have impact for our customers and society. To achieve this vision, our policies support diversity, equity, and inclusion. As an equal opportunity employer, we do not tolerate discrimination of any kind with regard to age, gender, gender identity, cultural background, experience, religion, race, ethnicity, disability, family responsibilities, sexual orientation, social origin, or any other status protected by applicable law. If you require any assistance or if we can accommodate you in any way when participating in our application and/or interview process, please email the recruiting contact listed for the relevant position. We will be happy to work with you to ensure a fair and accessible process. Read more about our commitment to diversity, inclusion and belonging here.

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