Transaction Services (TS) is one of Wholesale Banking's (WB) core business lines. We offer a suite
of WB products and services to corporate and institutional clients. We are a significant
contributor to the growth and profitability of the WB. Our strategy is aimed at ensuring that we
continue to support sustained growth for the WB by delivering competitive and relevant
Transaction Services products.
TS - Correspondent Banking Management (CBM) is a newly set up team within the TS Strategy &
Balance Sheet Management department. The team's purpose is to manage the ING network[1]
wide costs associated with payment activities and to build up bilateral contractual partnerships
with other Financial Institutions used for processing international payments. Activities of the
team range from setting up policies, governance & tooling, operational activities such as price
and STP (Straight Through Processing) analyses and periodic service and pricing reviews with
third party service providers.
As a Consultant TS – CBM you report to the Head of the TS CBM team, which is part of the TS
Strategy and Balance sheet management team.
Your key responsibilities
• Design a consistent and structured operating & governance model, including
effective alignment with all stakeholders (e.g., Treasury, other commercial business
lines, Payment Settlement Services).
• Defining a policy on the level and types of charges that are acceptable to ING as
buyer of services from other banks, in alignment with the commercial pricing
strategy.
• Executing a gap analysis on 3rd party banks that exceed the acceptable price level
as defined in the policy.
• Executing data analyses and providing transparency on current price levels and
invoicing processes. Installing adequate tooling to support the activities around
managing the Correspondent Banking costs.
• Setting up a global overview of charges paid, including structural Management
Information (MI) reporting to make correct price comparisons and to capture market
trends and benchmarks.
• Defining an approach to manage the pricing negotiations with banks exceeding
the pricing benchmark.
• Driving improvements, both in (re)negotiations of fees and implementing routing
strategies to reduce Correspondent Banking costs.
• Aligning the Nostro Policy, Routing Policy, Policy of Correspondent Banking
Charges and clearing decisions with involved stakeholders and departments.
• Representing Transaction Services in the Financial Markets Infrastructure board,
which is responsible for strategic management of ING’s interests in international
infrastructures.
• Executing payment STP analyses and formatting.
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• Organizing Due Diligence checks and executing Request for Information (RFI)/
Request for Proposal (RFP) processes linked to payment services delivered by other
banks to ING.
• Developing and producing KPI’s and metrics for the TS-correspondent Banking
Management function.
We are looking for
• Ability to successfully promote partnerships, encourage collaboration,
information sharing and discussion.
• Strong focus on execution and delivery; getting things done mentality.
• Strong interpersonal and communications (written and verbal) skills.
• Commercial mindset and strong negotiations skills.
Proven track record and technical skills
• Master’s degree
• Proven track record in a similar Correspondent Bank network function.
• At least 4-8 years of experience in (FI) payments industry (product, sales, or
operations) and network management.
• Strong analytical skills
• Hands-on mentality
• Experienced in producing metrics and KPI’s and evaluating these to manage
performance.
• Excellent written and verbal English communication skills
How to succeed
We hire smart people like you for your potential. Our biggest expectation is that you’ll stay curious. Keep learning. Take on responsibility. In return, we back you to develop into an even more awesome version of yourself.
Rewards & benefits
We want to make sure that it’s possible for you to strike the right balance between your career and your private life and reward our people with a generous benefits offer and employment conditions.
Questions?
Contact Michiel Ranke for more information about this role. Want to apply directly? Please upload your CV and motivation letter by clicking the “Apply” button.
