Vice President Portfolio Management - Fund Finance
: Job Details :

Lending | Portfolio Management | Vice President Portfolio Management Fund Finance | NYC

About ING

In Americas, INGs 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, youre joining a team where individuality isnt just accepted, its encouraged. Weve built a culture thats fun, friendly and supportive its 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. Were here to help you get ahead. And with our global network, theres plenty of scope to take your career in new directions, perhaps even ones youve 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 youd feel at home? Wed love to hear from you.

About the position

As a Vice President on this team, your primary responsibility will be the ongoing management of an assigned group of account relationships in the Fund Finance loan portfolio with an emphasis on credit monitoring, analytics and internal reporting.

About the department

The Fund Finance (FF) group at ING Capital offers a broad range of structured finance solutions to clients in the asset management industry, including alternative investment managers and their affiliated investment funds. FF is a leader in its field, frequently acting as lead arranger in transactions as it originates, and we emphasize strong and lasting client relationships.

Principal financing solutions offered to our clients include:

• Portfolio finance facilities/lender finance: financing public and private investment vehicles (e.g. private debt funds, business development companies, and SPVs) based on the characteristics of underlying portfolio investments.
• Subscription finance facilities: financing to private equity, real estate, infrastructure, credit and similar funds based on the quality of investor commitments to the fund.

FF is a dynamic and growing business, now managing more than 100 transactions across more than 40 client relationships. The portfolio management team has been recently created to facilitate the successful oversight and management of this portfolio. This team will work directly with the origination and deal principals in the ongoing compliance, reporting, transaction management, renewals, and relationship management of the portfolio, among other tasks further detailed below.

Responsibilities

• Actively manage all facets of the daily operations of the identified portfolio, including but not limited to:
• Routinely analyze the credit migration trends of the portfolio and individual names
• Monitor and identify developments within assigned client base, proactively manage their potential impact on the portfolio, as well as generate ideas for client opportunities and Capital Markets product application
• Prepare quarterly Credit Risk Management (CRM) portfolio reviews
• Process annual review, amendment, and waiver requests, write credit modifications, submit to risk and address Q&A
• Track compliance of financial and other reporting covenants
• Manage Agency Services related responsibilities for left lead transactions (Borrowing Base Calculations, Valuation and Process Audits, and Loan Document amendments) with relationship managers, clients, participants, and other third parties.
• Review periodic borrowing base and risk rating updates prepared by an offshore portfolio support team
• Respond to ad hoc internal requests on portfolio composition and exposure.
• Maintain various department and industry databases
• Ensure compliance with all reporting activities in line with the banks policy and procedures
• Maintain accurate internal system processing (Vantage) including GRID, FINAN, TSC, Risk Rater
• 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
• Identify and implement best practices across the Lending division and use insights from reporting to create and drive efficient processes and improve productivity
• Ensure an excellent level of service and high-quality output
• Coordinate with KYC/CDD team

Qualifications and Competencies

• BA/BS in finance/economics/accounting/management/engineering (or similar); MBA and/progress toward CFA a plus
• Minimum of 3 years of relevant experience (preferably with some experience in Private Credit and or NAV based lending)
• Strong financial and credit analysis capabilities
• Excellent presentation and communication skills
• Ability to thrive in a fast-paced environment with multiple competing priorities
• Committed and dedicated individual who will continuously improve the way the team works
• Self-motivated and willing to work in a deal oriented and deadline driven environment
• Strong work ethic, positive attitude, and professional demeanor
• Ability to work under pressure and set the right priorities in a dynamic, challenging environment
• Strong Knowledge of Legal Documentation
• Proficient in MS Excel, Word, and PowerPoint (Power BI a plus)

Other:

• References

Salary Range: $185,000-240,000

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.

ING is a committed equal opportunity employer. We welcome applicants of diverse backgrounds and hire without regard to race, gender, religion, national origin, citizenship, disability, age, sexual orientation, or any other characteristic protected by law. We celebrate these differences and rely upon your unique perspective to innovate and seize new opportunities. Come as you are.

ING Bank does not have a commercial banking license in the U.S. and therefore not permitted to conduct a commercial banking business in the U.S. Through its wholly owned subsidiary ING Financial Services LLC, and its affiliates, it offers a full array of wholesale products such as commercial lending and a full range of FM products and services.

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