Consultant – Credit Data Remediation Team

1 maand geleden

Amsterdam, Nederland ING Voltijd

COO Risk sits right at the heart of the Bank’s complexity. We translate our rather complex banking business exposures into impact on risk weighted assets and provisions in line with the constantly changing business desires and the latest regulatory requirements. We are an integral part of the Credit Risk Modelling organization where we manage our processes from credit risk modeling approach definition all the way up to post production monitoring. We hereby offer a unique opportunity to enter one of Europe’s most appealing Banks at a key position that enables you to contribute, collaborate and grow

In a nutshell, it is all about collaboration and understanding the end to end complexity of the Bank in particular it’s products and related credit risk exposures [including corresponding processing activities and the way these are underpinned with state of the art technology solutions]. If you have a natural drive to collaborate and a sense of urgency to conclude and deliver we would be very keen to get in touch

The Team

Among the relevant activities under COO Risk is the WB Default and LGD Data Remediation team which is under COO Risk Credit Risk. The team is tasked to remediate historical default data which is used for regulatory and non-regulatory WB credit risk models. The candidate will be working in project team environment with highly experienced professionals and conducts in depth analysis on non performing loans. The team is split into several streams covering ING WB Rating Systems – Large Corporate, Financial Institutions, Trade Commodity Finance, Commercial Property Finance and Object Finance. The candidate will be working in one of these streams focusing on 1) Default registration remediation; 2) LGD Data remediation 3) Supporting management in coordination and management of the various projects and 4) Work on process improvements and mapping 5) Support onsite inspections by the regulative body. The team works closely with several main stakeholders such as Data Analysts, Credit Risk Modelers, Delegated Model Owners, Credit Risk Restructuring Units and Strategic Portfolio Management.

We are looking for a Consultant within the Default remediation and Loss Given Default (LGD) data team. The team focuses on ensuring complete and correct default and LGD related data for modelling purposes starting from data capturing to data delivery.
 

Roles and responsibilities

The role is twofold as it is focused on performing historical default data analysis, data collection, and data enhancement for the wholesale banking portfolios, in line with latest internal and external regulation related to ING Definition of Default policy and LGD model estimation. You will further help management to develop and implement processes and working instructions, hold responsibility for KPI tracking and dashboarding as well as support the teams in managing ad-hoc requests and help coordinating onsite inspections by the regulator.

You perform historical data remediation for default cases within the Wholesale Banking portfolio (including Large Corporates, Commercial Property Finance, Project Finance, Lease, Trade Commodity Finance, Object Finance).

You work in a team of experts which are all involved in ensuring complete and correct C&R data for current default cases in the WB portfolio in LGD lab (via standalone C&R tool).

You work on process improvements and help management to coordinate the ongoing remediation projects.

You support in managing the planning backlog of the remediation teams

You support management in delivering on ad-hoc requests

You closely interact with your colleagues within the COOR and WB area, who are using your remediated default data, in order to build the WB credit risk models (for RWA, ECAP and IFRS9).

You have regular interaction with the GCR account managers and FO involved for the respective (problem) loans.

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 back you to develop into an even more awesome version of yourself.

We are looking for professionals to perform historical default data analysis, data collection, and data enhancement for the wholesale banking portfolios as mentioned above, in line with latest internal and external regulation related to ING Definition of Default policy and LGD model estimation. Knowledge in both front office banking processes as well as the restructuring and refinancing processes and cashflow and transactions of separate loans/facilities processes is preferred.

What are we looking for in you?

should optimally have working knowledge of new definition of default policies and related (forbearance) default indicators and triggers;

should be fully able to understand and reconcile transactions (actual account statement and GL-entries) with very high accuracy on facility level and identify key transactions based on month-to-month outstanding differences;

should have basic understanding of Wholesale Banking regular lending products;

should have working knowledge of collateral processes within banks especially but not limited to the knowledge of real estate finance and validation of real estate;

should have (in-depth) understanding of wholesale banking in terms of front office, restructuring and recovery processes;

should be willing to take on coordinative and project management related tasks

should have experience in working with Non Performing Loans and have affinity with risk data and associated PD, LGD and EAD models;

should be able to read and understand loan documentation and identify terms and condition in line with the default events of each NPL;

should have excellent and writing skills for evidence-based documentation.

We are looking for pro-active candidates with background in wholesale banking lending, credit risk, credit restructuring and refinancing processes. Good writing and oral communication skills are a must (primarily English). The candidate has critical and analytical mind and willing to get the job done.

Rewards and 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 at

The benefits of working with us at ING include:

 A salary tailored to your qualities and experience 

24-27 vacation days depending on contract

Pension scheme

13th month salary

Individual Savings Contribution (BIS), 3.5% of your gross annual salary

8% Holiday payment

Hybrid working to blend home working for focus and office working for collaboration and co-creation

Personal growth and challenging work with endless possibilities

An informal working environment with innovative colleagues

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