Associate, Loan Distribution Group

ING Financial Services LLC; New York (NY); Hybrid; USD 160,000 - 215,000; Full time

Benefits offered by this job

Health benefits

401k plan

Paid time off

Adoption support

Fertility services

Commuting subsidies

Job summary

ING Financial Services LLC in New York City seeks an Associate for Capital Markets & Advisory within the Loan Distribution Group to originate, structure and execute syndicated loans and provide market updates to stakeholders. You will collaborate with sector teams to craft market-based financing solutions and manage loan documentation processes.

The role requires 2+ years in loan syndications or leveraged finance, strong communication and analytical skills, and compliance with regulatory

Qualifications

• 2+ years of work experience in loan syndications, leveraged finance or high yield debt capital markets, with good current relationships or other relevant work experience in investor-facing environment
• Background with leveraged finance, private credit, and/or capital markets experience preferred
• Strong presentation and communication skills, both orally and written with the ability to express ideas in a persuasive, organized, and articulate manner
• Familiarity with legal documentation and ability to understand complex financing structures
• Solid understanding of the loan capital markets, loan investor base and financing structures relevant to the target sectors
• Demonstrated ability to work under tight deadlines on active mandates in the syndicated loan market
• Strong networking skills both internal and external to the firm
• Genuine team player who gets things done and helps other to be successful
• Candidate must have no work restrictions (legally be able to work in the United States) and must be able to travel and work at any moment when given notice
• The position is located in ING’s New York City office and will require the candidate to be in the office 4 days a week
• Experience with Bloomberg and other market data sources preferred
• Candidate will be required to successfully complete FINRA regulatory examinations covering the SIE, Series 79 and Series 63

Responsibilities

• Closely and continuously follow market trends to identify active participants in the market, prevailing market terms and pricing, depth of market and other factors in lending and underwriting decisions and translate it into relevant market updates to our internal and external stakeholders
• Actively pitch and advise clients on status of the market, structures and syndication strategies needed to best execution in the syndicated loan capital markets
• Originate, structure and execute syndicated senior and subordinated loans, partnering with ING’s Sector teams to develop market-based structures and capital raising solutions
• Manage the execution of syndicated loans, including the negotiation of terms and conditions (term sheets, mandate letters, loan documentation etc.), preparation of marketing materials (including confidential information memoranda and lender presentations), Q&A with banks and engagement on active dialogue with other financial institutions and law firms
• Produce advisory materials to secure internal approvals to execute the primary sale of syndicated loans; including loan market analysis, opinion on credit structures, bank appetite, sell-down strategy and pricing
• Develop relationships and maintain active dialogue with peers at other financial institutions as a source of market intelligence
• Work directly with senior leveraged finance and industry bankers, debt capital markets, internal risk teams, corporate finance, ratings advisors and other areas of the bank on internal credit processes and external client servicing
• Organize bank meetings and lender calls in order to generate demand for deals led by ING
• Ensure compliance with all ING policies for investors as well as accurate financial revenue reporting and record keeping

Skills

Loan syndications

Leveraged finance

Communication skills

Team player

Tools

Bloomberg

Job description

Capital Markets & Advisory | Loan Distribution Group | Associate | NYC

About ING: In the 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. ING Americas follows a hybrid work model, allowing for in-office / work from home flexibility. Hybrid work arrangements vary based on business area. Sound like the kind of place you’d feel at home? We’d love to hear from you.

Responsibilities

• Closely and continuously follow market trends to identify active participants in the market, prevailing market terms and pricing, depth of market and other factors in lending and underwriting decisions and translate it into relevant market updates to our internal and external stakeholders
• Actively pitch and advise clients on status of the market, structures and syndication strategies needed to best execution in the syndicated loan capital markets
• Originate, structure and execute syndicated senior and subordinated loans, partnering with ING’s Sector teams to develop market-based structures and capital raising solutions
• Manage the execution of syndicated loans, including the negotiation of terms and conditions (term sheets, mandate letters, loan documentation etc.), preparation of marketing materials (including confidential information memoranda and lender presentations), Q&A with banks and engagement on active dialogue with other financial institutions and law firms
• Produce advisory materials to secure internal approvals to execute the primary sale of syndicated loans; including loan market analysis, opinion on credit structures, bank appetite, sell-down strategy and pricing
• Develop relationships and maintain active dialogue with peers at other financial institutions as a source of market intelligence
• Work directly with senior leveraged finance and industry bankers, debt capital markets, internal risk teams, corporate finance, ratings advisors and other areas of the bank on internal credit processes and external client servicing
• Organize bank meetings and lender calls in order to generate demand for deals led by ING
• Ensure compliance with all ING policies for investors as well as accurate financial revenue reporting and record keeping

Qualifications and Competencies

• 2+ years of work experience in loan syndications, leveraged finance or high yield debt capital markets, with good current relationships or other relevant work experience in investor-facing environment
• Background with leveraged finance, private credit, and/or capital markets experience preferred
• Strong presentation and communication skills, both orally and written with the ability to express ideas in a persuasive, organized, and articulate manner
• Familiarity with legal documentation and ability to understand complex financing structures
• Solid understanding of the loan capital markets, loan investor base and financing structures relevant to the target sectors
• Demonstrated ability to work under tight deadlines on active mandates in the syndicated loan market
• Strong networking skills both internal and external to the firm
• Genuine team player who gets things done and helps other to be successful
• Candidate must have no work restrictions (legally be able to work in the United States) and must be able to travel and work at any moment when given notice
• The position is located in ING’s New York City office and will require the candidate to be in the office 4 days a week
• Experience with Bloomberg and other market data sources preferred
• Candidate will be required to successfully complete FINRA regulatory examinations covering the SIE, Series 79 and Series 63

Salary Range $160,000 -$215,000 The salary range listed reflects base salary only. This role is eligible for participation in a discretionary bonus program.

Benefits

• In addition to comprehensive health benefits, a generous 401k savings plan, and competitive PTO
• ING provides a broad array of benefits including adoption, surrogacy, and fertility services; student debt assistance; and subsidies for expenses associated with commuting and fitness.

ING is a committed equal opportunity employer. We welcome applicants of diverse backgrounds and hire without regard to race, 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.

We’re a global bank with a strong European base, and our more than 60,000 colleagues serve around 38 million customers and corporate clients in over 40 countries. Joining ING means working with friendly and collaborative people towards making a positive impact on people and planet. We believe in empowering the people around us and our customers to stay a step ahead. Working here means having the autonomy to drive progress, helping to create superior customer value and contributing to our ambition of putting sustainability at the heart of everything we do. Here, we’re more than just a workplace – we’re a community of innovators, problem-solvers, and forward-thinkers, dedicated to making a real impact. Whether you’re just starting your career or seeking the next big challenge, we have opportunities that will inspire and push you to grow.