Analyst

As a Junior Processor for Collateral Management, you will be responsible for the correct, complete and timely execution of the collateral management tasks in order to collateralize financial markets transactions with the purpose to mitigate credit risk. You will be responsible for the daily calculation, notification and agreement of margin calls towards the counterparty, the administration of any collateral given or received and the registration and initial follow up on any disputes between ING and the counterparty.

Key responsibilities:

• Execute the daily collateral management process in a timely and accurate manner to meet ING’s obligation under the legal documentary framework such as CSA, GMRA and GMSLA
• Resolve margin disputes with counterparties (GMRA) and escalate margin disputes after careful analysis and failed collateral settlements to expert team in Amsterdam;
• Interact externally with counterparties (risk managers and traders) and internally with several disciplines;
• Review processing procedures and propose or generate improvement ideas to increase efficiency.
• Prepare and send interest/fee statements to counterparties at the start of the month
• Calculate and negotiate monthly interest/fees  on any collateral given or held
• Review and approve collateral moves and monthly interests booked by Junior processors

Create and send  reports and any other approved ad hoc request