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Senior Credit Insurance Professional

1 month ago


London, Greater London, United Kingdom ING Bank N.V. Full time

ING Wholesale Banking is looking to hire a Senior Credit Insurance Professional for its Credit Insurance team to be based in London.

The team coordinates the Bank's efforts in insuring loans on a global basis, working closely with Loan Syndicate, Loan Sales and Structured Distribution Solutions. This role is part of Loan Distribution Group ('LDG') which includes Global Capital Markets, Corporate Finance, Corporate Investments and Acquisition Finance within ING's Capital Markets and Advisory ('CMA') division.

As a recognised buyer of credit insurance, ING has a strong reputation for credit quality and variety of sectors. Growth is expected to continue spurred by Basel 4, capital velocity requirements and collaboration with Structured Distribution Solutions.

This role will assist in handling requests for insurance covers from various product and sector teams across the Bank, negotiating the terms of insurance policies, binding policies, liaising with our 2 brokers and directly with some insurers, developing relationships with key insurers, and improving internal processes.

Main Responsibilities:

  • Handle new CPRI requests and negotiate insurance policies;
  • Manage deals on a daily basis and handle claims as needed;
  • Coordinate support for the product from all functions within the Bank (Legal, Risk, etc.);
  • Organise ING Insurance Day sessions and presentations to insurers;
  • Support other CPRI colleagues and Portfolio Manager on team projects;
  • Develop deeper relationships with insurers and gather market intelligence;
  • Assist in data quality and be conversant with all systems used in CPRI at ING.

Career Development:

This role offers opportunities to evolve into other risk distribution roles (Loan Syndicate, Loan Sales, Structured Distribution Solutions) or other sector teams involved in lending or receivables finance.

Requirements:

  • At least 5 years' experience in banking, preferably in a lending or credit role;
  • Experience in the credit insurance sector is also valuable;
  • Risk distribution role and international working experience are desirable;
  • Strong communication and relationship-building skills are essential;
  • A European language apart from English is an asset.

Compensation: The estimated salary for this role is around £80,000 - £110,000 per annum, depending on experience.