Associate Funds Finance Portfolio Management

Portfolio Management Fund Finance – Associate

The Sectors Portfolio Management (PM) team aims to be the ‘centre of excellence’ for the in-life management of ING’s lending exposures to multiple sectors. It is a front office team that covers all activities post the initial funding to the final repayment of a lending transaction.

The Sectors PM team monitors the performance of all sector-driven lending transactions in the UK and respond to requests from the client including facility extensions, amendments and waivers (plus other ad hoc requests).

The position involves contact with clients, other banks, legal advisors and frequent cooperation with internal departments such as Credit Risk Management, Legal and Deal Execution.

The Sectors PM team is looking to hire a portfolio management associate specializing in Funds Finance but you will also be exposed to and expected to work with other sectors in which ING London specializes.

Main Duties and Responsibilities of Role:

• You will manage a portfolio of Funds Finance loans working closely with senior colleagues and other stakeholders.

• In line with the Bank’s policies and objectives, you will provide file analysis and monitoring (including periodic covenant management, identification and resolution of early warning signals and risk rating reviews) and will be responsible for delivering high quality reviews of the Borrowers in your portfolio. This will include, but is not limited to, market updates on the client and sector it operates, performance updates received from the client, ESG analysis and review of financial information/models.

• For credit modifications (amendments/waivers) or refinancing within your portfolio, you will work alongside senior colleagues to deliver these in line with internal credit risk timeframes and client deadlines. This may also involve reviewing legal documentation for accuracy, internal compliance and commercial risk mitigation, alongside ING’s in-house legal teams.

• You will also deliver reports required by colleagues in credit risk management, internal / external auditors as well as the Bank’s regulators.

• As a front office department, PM collaborates closely with origination colleagues and product specialists to ensure a seamless client experience.

• You will maintain relationships and liaise with internal functions such as Credit Risk, Operations and where necessary Global Credit Restructuring.

• You will be responsible for the acceptance of new transactions into your portfolio and management of offboarding or handover of files when appropriate

• You will be responsible in updating the database which houses data of the LPs which ING Fund finance lend to in an accurate and timely manner.

• Where necessary and appropriate you will participate in discussions with borrowers, advisors and facility agents

Qualification/Education

Essential: Degree level education

Desirable: CFA or similar

Experience/Knowledge

Essential: Minimum 3 years of relevant experience in a lending role

Desirable: Funds finance experience preferred or alternatively a strong credit background in structured finance / cash-flow based lending.

Personal Competencies

• Strong financial and credit analysis capabilities

• Strong financial modelling capabilities

• Excellent presentation and communication skills

• Ability to thrive in a fast-paced environment with multiple competing priorities and tight deadlines

• Committed and entrepreneurial individual who is prepared to learn about new industry sectors

• Understanding of risks and ability to assess potential mitigants

• General knowledge of legal documentation and transaction structuring

• Proficient in MS Excel, Word and Powerpoint

• Self-motivated, positive attitude and professional demeanour

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