ING Debt Capital Markets (DCM) is looking to hire an Associate to bolster its Asset Securitization team About ING: Crain's 100 Best Places to Work Ragan's Top Places to Work in 2023 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.Sound like the kind of place you'd feel at home? We'd love to hear from you.
The opportunity ING, a multinational financial institution, has rapidly expanded its US Debt Capital Markets ("DCM") franchise over the past several years to become a key player across the global markets. ING has added Asset Backed Securities ("ABS") as a product offering within our DCM platform and is now looking for an additional Associate to further bolster our Asset Securitization origination team in New York City. The ideal candidate will have a strong track record in ABS origination/structuring combined with a proactive, analytical mindset. You will become an integral member of our coverage team responsible for origination and execution of ABS issuance in the global capital markets and will also be part of the broader DCM product suite within the investment banking division of the US broker dealer.
Day-to-day responsibilities will be comprised of: Providing direct support to senior ASec team members in all aspects of client coverage
Supervising and co-ordinating the preparation of ABS research materials and pricing updates to be distributed to ING's ABS clients and internally.
Supervising the preparation of ABS Capital Markets pitching materials for existing ING clients and participating in origination efforts and follow up.
Co-ordinating ABS Capital Markets transactions as a key player on the deal team (e.g. model/pricing analytics, documentation and due diligence, roadshow logistics)
Identifying market opportunities by applying knowledge from various market sources (Bloomberg, macro-economic research, trade publications etc.)
Liaising with other key ING internal stakeholders (in particular the client/sector coverage teams, other DCM departments in the US, Europe, and Asia Pacific, capital structuring & advisory, credit research, corporate sales, etc.) to identify opportunities, enhance internal cooperation and to maximize client touch points.
Contributing to the automation of daily tasks as part of our effort to streamline and digitalize the business.
Education Bachelor or Masters' Degree in Finance, Accounting, Business, Economics, or related field.
Required skills and experience Minimum of 3 years of ABS origination, structuring, and/or deal execution experience
Knowledge of international credit and rates markets as well as global economics
Understanding and experience with credit rating agency ABS rating methodologies in pertinent asset classes
Knowledge and understanding of cashflow modelling for ABS transactions, and accounting concepts
Proficient with Microsoft Excel, PowerPoint, Word, Bloomberg
Experience with Intex and other ABS modelling platforms advantageous
Series 79 and Series 63 licenses
In addition, the ideal candidate will be or have Excellent written and verbal communication skills, with the ability to effectively interact with senior professionals, clients, and key stakeholders in other lines of business
Ability to multi-task and thrive in a fast-paced, deadline driven environment
Genuine interest for financial markets and global economics
Pursuing or having a CFA designation is a plus
Interest in sustainable finance and ESG topics
Creative in storytelling and writing, focused on framing the best possible strategy for the client
Go-getter, showing a level of initiative that allows us to take the business forward
Team player, willing to assist wherever needed
What do we offer? An ambitious team and collaborative working environment
Hybrid office / remote work balance
Exposure to a diverse and expanding client portfolio
Client exposure early on in your professional development
Seamless interaction with different teams within ING Group and with external parties
Salary Range: $120,000 - $155,000 ING is a committed equal opportunity employer. We welcome applicants of diverse backgrounds and hire without regard to color, 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.
