Operations Specialist Cash and Liquidity Management

Your new role

The employee is responsible for the Cash and Liquidity Management function to be executed in a controlled, timely and correct way, taking into account ING, regulatory, local and global policies and guidelines. The employee is responsible for the correct, complete and timely monitoring, support and reporting of activities to facilitate a seamless management of ING’s liquidity positions, including contingency arrangements and fall back.

The employee provides cash and liquidity management services to internal parties within ING, across all entities and works in an Agile way within PSS Operations. Close cooperation with the Local Service Organizations in Europe and local Treasury locations across the globe is key. The employee guarantees that the internal client requests are satisfactorily answered within the service level agreements.

Furthermore, it is the employee’s responsibility to ensure that the working environment is optimally serviced and covered with the other team members in a self-reliant way and will also support the backlog items for the cash and liquidity management Function. As per the Agile way of Working.

Your key Responsibilities:

• Responsible for real-time liquidity monitoring and forecasting of cash balances and transactions.
• Ensuring that the balances of accounts are managed towards pre-agreed targets. (Start of Day, Intraday and End of Day).
• Monitor expected vs. realized incoming and outgoing flows and certain very high-value payments / receipts with high-risk awareness.
• Analyse and resolve discrepancies and queries with the Front Office, Back Office and internal counterparties instantly.
• Problem-solving with the handling of exceptions and escalations in a global environment with different types of stakeholders.
• Act as an expert in liquidity management concerning the operational cash and liquidity management environment for EUR cash & liquidity (Target2, EBA, etc.)
• Work on complex issues and initiate process improvements to avoid operational risk.
• Support change-related activities i.e. participation in initiation, design and execution.
• Develops and maintains a network within the organization to be effective.
• Actively share knowledge within the team and help out team members when assistance is required.
• Manage / safeguard the overall required knowledge requirements, driven by internal policies and external market infrastructures and regulations.
• Handle all change related activities i.e. participation in initiation, design and execution, participate/work via Agile Scrum method.

How to succeed

We hire smart people like you for your potential. Our biggest expectation is that you’ll stay curious. Keep learning. Take on responsibility. In return, we’ll back you to develop into an even more awesome version of yourself. 

Furthermore, you have:

• Current residency in the Netherlands is required to be considered
• HBO / HBO+ to Academic work and thinking level
• 3-4 years of experience in an banking environment and have knowledge of Treasury, cash and liquidity management
• Knowledge of key risks and stress points within Cash and Liquidity Management
• Knowledge of Financial Markets processing systems
• Knowledge of Treasury Products including; e.g. Foreign Exchange and Money Market
• Knowledge of regulatory framework requirements (like Target2 and EBA)
  

Competencies

• Flexible, stress resistant and result oriented
• Communication skills (ability to build and maintain a relation Network)
• Ability to work under pressure with minimal supervision
• Excellent analytical skills, problem analysis and judgment
• Excellent in planning and prioritization
• Ability to multi-task, work to deadlines and accommodate varying levels of activities
• Personal effectiveness (Decisiveness, Listening and Empathy skills and Attention to detail, Influence (Persuasiveness) and realisation ability)
• Agile Way of Working (applying Agile Scrum methodologies)

Rewards & benefits 

We want to make sure that it’s possible for you to strike the right balance between your career and your private life. You can find out more about our employment conditions here.  

The benefits of working with us at ING include: 

• A salary tailored to your qualities and experience in GJA15/ FS9
• 12-month contract with view to extend to permanent
• 36 or 40 hour workweek (a 4x9 workweek is possible)
• Individual leave: 24+2 individual holiday days based on 36 hr workweek
• Diversity leave: 3 days per year (1,5 paid, 1,5 unpaid)
• CSR days: up to 2 days per year to actively engage in society by volunteering
• 13th month salary
• 8% Holiday payment
• Individual Savings Contribution (BIS), 3.5% of your gross annual salary
• Mobility card
• Attractive pension scheme
• Hybrid working to blend home working for focus and office working for collaboration and co-creation. Office days are Tuesday and Thursday.

Want to apply directly?

Upload your CV and motivation letter by clicking the “Apply” button! Your cover letter should demonstrate your motivation to join ING and how your future career ambitions!

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About us

With 60,000 employees and operations in approximately 40 countries, there is no shortage of opportunities for people with initiative who want to help people take a step ahead in life and in business. Do you want to work at the cutting edge of what’s possible and at the same time ensure you work with integrity and hold the customer’s interests at heart? Do you want to be surrounded by progressive, inspiring, diverse and supportive colleagues? Then there is no better place to invest your talents than at ING. Join us and apply today!