At a Glance
- Tasks: Drive business growth by originating new Transaction Services mandates for Wholesale Banking clients.
- Company: Join ING, a leader in empowering people and fostering innovation in finance.
- Benefits: Enjoy a collaborative culture, flexible work options, and a focus on work/life balance.
- Why this job: Be part of a dynamic team that values integrity, creativity, and personal development.
- Qualifications: 5+ years in Transaction Services with a degree in Economics, Accounting, or Finance.
- Other info: Embrace diversity and contribute to a culture of self-reliance and empowerment.
The predicted salary is between 43200 - 72000 £ per year.
As a Transaction Services (TS) Sales professional, you are responsible for growing the business and increasing profitability through the origination of new TS mandates within your Wholesale Banking (WB) client portfolio. An energetic individual with drive and a thorough understanding of the TS products & solutions and Treasury Operations, owning and managing prospect deals until signing of the mandate.
The TS Sales professional sells the full suite of TS solutions across the network for Payments & Cash Management (PCM) and Trade. This means all products in the TS domain, i.e. PCM, Liquidity Management, Bank Guarantees/Letters of Credit, and Working Capital Solutions (Supply Chain Finance, Receivable Finance, etc.). Demonstrable experience of Trade and Working Capital Solutions will be advantageous.
Candidate Profile
- 5 years + relevant work experience in Transaction Services.
- In-depth understanding of Cash and Trade solutions for complex clients.
- Excellent commercial skills and able to excel in originating TS sales.
- Knowledge of or strong interest in/appreciation of credit approval processes e.g. credit applications, risk management (financial and non-financial), and relevant legal and tax regulations.
- Comfortable with managing time-sensitive projects with many stakeholders.
Qualification/Education
- Higher education (HBO) or University education (Bachelor or Master's degree), preferably in Economics, Accounting, or Finance.
Main Duties and Responsibilities of Role:
- Responsible for generating new Transaction Services share of wallet deals with new and existing clients.
- Delivery of revenue targets and client profitability within the ING risk framework and appetite.
- Manage end-to-end the opportunity, pitching, and proposal process efficiently in combination with your colleagues from the TS Cash and TS Trade Advisory & Structuring teams where needed.
- Negotiate TS solutions and pricing agreements with clients within the Risk appetite of ING.
- Improving and maximizing the profitable cross-buy of TS Solutions.
- Attend (client) events to position the ING TS value proposition and keep informed on key trends.
Personal Competencies
- Result-oriented with an eye for high quality and integrity standards.
- Open and creative mindset and a constant drive to be ahead of the game.
- Ability to network, a people person who listens actively and strives to understand their needs.
- A trusted advisor who likes to invest in his/her expertise and ensure it is market leading.
- Takes ownership, is persuasive, and builds trusted relationships to win support and create benefit.
- An effective team player, gets things done, and possesses analytical skills with a good sense for details.
- Participates in projects as a ‘voice of customer‘.
- Flexible.
ING’s purpose is ‘Empowering people to stay a step ahead in life and in business’. Every ING colleague is given the opportunity to contribute to that vision. We champion self-reliance and foster a collaborative and innovative culture. The Orange Code is our global manifesto for how we stay true to our purpose and our tradition of reinvention and empowerment. It is made up of ING Values (we are honest; we are prudent; we are responsible) and ING Behaviours: (you take it on and make it happen; you help others to be successful; you are always a step ahead). For us, success will only be achieved if we act with Integrity. Some companies see diversity as a box to be ticked. We see it as fundamental to our success and we encourage a proper work/life balance. At ING, you will be judged on your performance in line with the Orange Code. And that’s a promise.
Transaction Services - Sales VP or Director employer: ING
Contact Detail:
ING Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Transaction Services - Sales VP or Director
✨Tip Number 1
Familiarise yourself with the full suite of Transaction Services solutions, especially Payments & Cash Management and Trade. Understanding these products inside out will help you confidently discuss them with potential clients and demonstrate your expertise during networking opportunities.
✨Tip Number 2
Build a strong network within the Wholesale Banking sector. Attend industry events and engage with professionals in the field to gain insights and establish connections that could lead to new business opportunities or referrals.
✨Tip Number 3
Stay updated on key trends and changes in the Transaction Services landscape. This knowledge will not only enhance your conversations with clients but also position you as a trusted advisor who is always ahead of the game.
✨Tip Number 4
Demonstrate your ability to manage time-sensitive projects effectively. Highlight any past experiences where you successfully navigated complex deals with multiple stakeholders, showcasing your organisational skills and ability to deliver results under pressure.
We think you need these skills to ace Transaction Services - Sales VP or Director
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in Transaction Services, particularly focusing on your understanding of Cash and Trade solutions. Use specific examples to demonstrate your commercial skills and any successful sales you have originated.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your background aligns with the responsibilities outlined in the job description, especially your experience with TS products and your ability to manage time-sensitive projects.
Showcase Your Knowledge: During the application process, emphasise your understanding of credit approval processes and risk management. Mention any relevant legal or tax regulations you are familiar with, as this will demonstrate your depth of knowledge in the field.
Highlight Personal Competencies: In your application, make sure to reflect on the personal competencies mentioned in the job description. Provide examples of how you have been result-oriented, a team player, and how you have built trusted relationships in previous roles.
How to prepare for a job interview at ING
✨Know Your Transaction Services Inside Out
Make sure you have a solid understanding of the full suite of Transaction Services products, especially Payments & Cash Management and Trade solutions. Be prepared to discuss how these products can benefit clients and how you've successfully sold similar solutions in the past.
✨Demonstrate Your Commercial Acumen
Highlight your experience in originating TS sales and achieving revenue targets. Use specific examples from your previous roles to showcase your ability to identify opportunities and negotiate effectively within risk frameworks.
✨Showcase Your Networking Skills
As a people person, it's crucial to demonstrate your ability to build relationships. Prepare to discuss how you've successfully engaged with clients and stakeholders in the past, and how you plan to position the ING TS value proposition at events.
✨Emphasise Your Analytical and Detail-Oriented Approach
Given the complexity of the role, be ready to talk about how you manage time-sensitive projects and ensure high-quality outcomes. Share examples that illustrate your analytical skills and attention to detail, particularly in relation to credit approval processes and risk management.