Associates, Counterparty Credit Risk

ING Group

$117K — $123K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Master’s degree in Accounting, Finance, or Economics.
  • Minimum of 2 years in banking with a focus on credit risk management.
  • Experience in credit risk analysis and rating assignments.
  • Skilled in financial market products like loans, derivatives, and securities.
  • Proficient in data analysis, Excel, and Bloomberg Terminal usage.

Responsibilities

  • Perform credit risk analysis on financial counterparties.
  • Conduct sector and counterparty reviews and assign risk ratings.
  • Monitor financial conditions and exposures with sensitivity analyses.
  • Advise on trade approvals and ad-hoc transactions.
  • Develop dashboards to track financial metrics and trends.

Benefits

  • Comprehensive health benefits package.
  • Opportunity for professional development and training.
  • Dynamic work environment in a major financial hub.
  • Exposure to a range of financial instruments and markets.
Full Job Description

Title: Associates, Counterparty Credit Risk

Employer: ING Financial Services, LLC

Location: New York, NY

Salary range: $117,000 - $123,000

Job Description:

Perform credit risk analysis by assessing counterparties’ financial condition, measuring settlement and pre-settlement exposures, and evaluating risks related to securities financing and

other trading products. Work with the Counterparty Credit Risk team to assess the financial strength of financial counterparties including banks and asset managers with a primary focus on

pension funds. Conduct sector and counterparty reviews, assign internal risk ratings, and recommend credit limits. Monitor financials and exposures including performing sensitivity analyses. Analyze and interpret risk measurements for securities financing and derivatives transactions. Provide advice on trade approvals and ad-hoc transactions. Support senior credit officers with mortgage REITs, broker-dealers, clearing houses, and exchanges. Develop and maintain dashboards to monitor mortgage REIT and broker-dealer financials, ratings, limits, exposures, key metrics, and trends. Use Bloomberg Terminal to track market sentiment, price movements, and market indicators. Maintain portfolio tracking dashboards and prepare presentation materials by consolidating datasets with Power Query, generating reports and visualizations, and analyzing portfolio trends across exposures, concentrations, capital metrics,

sectors, products, and credit risks. Apply knowledge of Agency Lending business analysis, compliance requirements, applicable regulations, and operational procedures to support Agency

Lending activities, including stakeholder coordination and management of principal processes such as onboarding and offboarding, assigning principal ratings, and monitoring principals. Assist with U.S. regulatory reporting requirements and related projects.

Minimum Requirements:

Master’s degree or foreign equivalent in Accounting, Finance, or Economics and minimum 2 years of banking experience working with credit risk management. Must have experience working with the following: performing credit risk analysis, assigning risk ratings, and recommending credit limits; analyzing counterparties including financial institutions, NBFIs, or corporates, and transaction summaries; financial market products including loans, derivatives, and securities; conducting sensitivity and scenario analyses on financial or credit metrics; performing credit research and financial modeling for projections; monitoring credit portfolios including exposure measurement, credit metrics, and key risks and mitigants; data analysis and automation using Excel formulas, PivotTables, and Macros; utilizing Bloomberg Terminal for analytics; securities financing or related funding or credit approval processes; and U.S. or international regulatory frameworks and reporting requirements. #LI-DNI

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