About this role
Your role & work environment
Based in Luxembourg City, the Network manager oversees the selection, the periodic review and ongoing monitoring of the securities counterparties network of ING Luxembourg and ING Belgium
Your key responsibilities
- Selection of counterparties with the expertise of the Network Management team of ING NL
- Account openings with the external and internal set-up
- Periodic review of the service levels of the parties (market evolutions, procedural changes, …)
- Annual due diligence requests considering regulations such as MIFID, UCITS and AIFMD
- Fee negotiations if applicable
- Meetings with counterparties
- Maintenance of all documentation related to the relationship as well as specific operational procedures
- Best execution controls as required by MIFID regulation
- Collection of solvability ratios that are issued by the ING Group
- Maintenance of the centralized folder with all counterparty data and SSI
- Ad Hoc intervention in case of recurring SLA breach (Transfer Agent, Sub-custodians, cash correspondents)
- Set-up of quarterly Network Management committees
- ISAE 3402 update / compliance for Network Management
- For nostro relationships, maintenance of folder g/shared related to correspondents (agreement, operational aspects, …)
- In coordination with FMS, selection of new provider as well as the migration
- Cash account opening/closing in compliance with the SOP (Standard of practice) policy
- One nostro implementation
We look for
A colleague with a talent for taking it on and making it happen, enthusiasm for helping others to be successful and a knack for always being a step ahead. In other words, you strive to bring fresh ideas to life and embrace challenges in a fast changing and complex environment. You are a naturally collaborative person who listens and invests in others to achieve common goals. You love to challenge the status quo and are eager to propose creative solutions to problems.
As a Network Manager you will also need:
- Minimum Bac+5 in finance, economy or equivalent
- Or professional experience of at least five years in securities operations management
- Fluent in English and French
- knowledge of securities operations management
- Ability to work in a dynamic environment
- Driven and customer focused, loving to collaborate with different people
- Good analytical skills
- Proven planning & organizational skills to meet the deadlines
- Clear communication skills: written and oral
- Ability to work in an autonomous way and to take initiative
- Making things happen thanks to your ‘can do’ attitude
- Problem solving
We offer you
- A very stimulating & exciting job
- Steep learning curve
- An opportunity to acquire in-depth knowledge of the ING and exposure to many executive stakeholders
We redefine banking. What about you?
There has never been a more interesting time to work at ING. We’re on a journey that’s centred around our customers, powered by technology and driven by smart, determined people. Our customers feel our people are empowering them to stay a step ahead in life and in business. We’re proud of that!
Other facts
About ING Hubs Romania
ING Hubs Romania offers 130 services in software development, data management, non-financial risk & compliance, audit, and retail operations to 24 ING units worldwide, with the help of 𝐨𝐯𝐞𝐫 𝟐𝟎𝟎𝟎 𝐡𝐢𝐠𝐡-𝐩𝐞𝐫𝐟𝐨𝐫𝐦𝐢𝐧𝐠 𝐞𝐧𝐠𝐢𝐧𝐞𝐞𝐫𝐬, 𝐫𝐢𝐬𝐤, 𝐚𝐧𝐝 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐩𝐫𝐨𝐟𝐞𝐬𝐬𝐢𝐨𝐧𝐚𝐥𝐬.
We started out in 2015 as ING’s software development hub, then steadily expanded our range to include more services and competencies. Now we provide borderless services with bank-wide capabilities and 𝐨𝐩𝐞𝐫𝐚𝐭𝐞 𝐟𝐫𝐨𝐦 𝐭𝐰𝐨 𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧𝐬: 𝐁𝐮𝐜𝐡𝐚𝐫𝐞𝐬𝐭 𝐚𝐧𝐝 𝐂𝐥𝐮𝐣-𝐍𝐚𝐩𝐨𝐜𝐚.
𝐎𝐮𝐫 𝐭𝐞𝐜𝐡 𝐜𝐚𝐩𝐚𝐛𝐢𝐥𝐢𝐭𝐢𝐞𝐬 𝐫𝐞𝐦𝐚𝐢𝐧 𝐭𝐡𝐞 𝐜𝐨𝐫𝐞 𝐨𝐟 𝐨𝐮𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬, with more than 1800 colleagues active in Data Management, Touchpoint Channels & Integration, Core Banking, and Global Products.
We enjoy a flexible way of working and a highly collaborative environment, where fair and constructive feedback is encouraged.
For us, impact isn't a perk. It's the driver of our work. We are guided and rewarded by a shared desire to make the world a better place, one innovative solution at a time. Our colleagues make it their job to do impactful things and they love doing it in good company. Do you?
What you'll do
- The Network Manager oversees the selection and ongoing monitoring of securities counterparties for ING Luxembourg and ING Belgium. Key tasks include periodic reviews, due diligence requests, fee negotiations, and maintaining documentation related to counterparties.
Ready to join ING Hubs Romania?
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