At a Glance
- Tasks: Manage a portfolio of banks, oversee payment activities, and build partnerships for international payments.
- Company: Leading financial institution with a focus on innovation and collaboration.
- Benefits: Comprehensive health cover, generous leave, hybrid working, and lifestyle perks.
- Other info: Opportunities for personal growth and community engagement through various initiatives.
- Why this job: Join a dynamic team and make a real impact in the banking industry.
- Qualifications: 4-8 years in correspondent banking, strong relationship-building, and analytical skills.
The predicted salary is between 60000 - 75000 £ per year.
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 team within the TS Strategy & Balance Sheet Management department. The team's purpose is to manage the ING network wide costs associated with commercial payment activities and to build bilateral contractual partnerships with other Financial Institutions used for processing international payments.
Your key responsibilities:
- You will manage a regional portfolio of banks and payment providers to ING, overseeing their lifecycle from onboarding and ongoing due diligence through to offboarding, using a structured risk‑based approach.
- You will maintain strong relationships with internal product, sales, operations and functional stakeholders, ensuring business strategies, client needs and market requirements are clearly understood and translated into appropriate correspondent banking solutions.
- You will oversee pricing in your markets in line with the commercial pricing strategy, setting acceptable charge levels, identifying gaps, assessing alternative providers and market dynamics, and using data, tooling, fee renegotiation and routing strategies to improve transparency and reduce Correspondent Banking cost.
- Organizing Due Diligence checks and executing Request for Information/Request for Proposal processes linked to payment services delivered by other banks to ING.
- You will act as the key point of contact for market‑specific enquiries and escalations, ensuring timely responses and coordination across internal stakeholders and external counterparties.
- You will coordinate ING’s response to crisis events impacting your covered markets, communicating developments and aligning actions across relevant stakeholders and partners.
- You will represent Correspondent Banking Management in new business initiatives, governance forums and special projects, assessing risks associated with new products, business opportunities or market changes and contributing to strategic decision‑making.
- Developing and producing KPI(s) and metrics for the TS Correspondent Banking Management function.
- You will monitor market, industry and regulatory developments, provide thought leadership on their implications – contributing to industry engagement where relevant, identify actions required to support ING’s businesses and clients.
We are looking for:
- A proven correspondent banking professional with 4–8 years’ experience in the financial institutions payments industry, including managing third‑party cash agent banks, with detailed knowledge of payments, liquidity management and applicable regulations across multiple jurisdictions.
- Strong relationship‑building, communication, negotiation and influencing skills, with the ability to promote collaboration, manage agent bank relationships, navigate internal stakeholders and build partnerships across product, compliance, legal, risk, technology and operations functions.
- Strong execution focus, with a delivery‑oriented mindset, experience producing and evaluating KPI(s) and metrics, and the attention to detail to translate information into a strategic and commercially relevant approach.
- Strong analytical and risk management skills, with the ability to assess commercial, operational, geopolitical, legal, control and regulatory risk, connect market developments to business and client needs, and apply sound judgement and innovative thinking to complex challenges.
- Experience working with financial market infrastructures and cash‑related products and services would be advantageous.
Rewards and benefits:
- Comprehensive health cover, including private medical, dental, vision, health screening and in‑person GP appointments.
- Generous pension scheme and financial protection, including life assurance, income protection, access to pension guidance and will writing services, and an interest‑free season ticket loan.
- Hybrid working and flexibility to work remotely for up to 30 days abroad.
- Generous annual leave, with the option to purchase additional days and time off for key life events.
- Wellbeing and family support, including an Employee Assistance Programme, backup child and elder care, enhanced family leave policies and support coaching for new parents.
- Lifestyle benefits such as electric vehicle and cycle to work schemes, an on‑site gym and access to on‑site staff restaurant and barista coffee facilities.
- Opportunities for personal and professional growth through mentoring, learning, short‑term assignments and international career development.
- Opportunities to build strong connections through volunteering, employee forums and social clubs.
TS - Correspondent Banking Manager employer: ING Group
As a Correspondent Banking Manager at ING, you will thrive in a dynamic and supportive work environment that prioritises your professional growth and work-life balance. With comprehensive health benefits, generous leave policies, and opportunities for international career development, ING fosters a culture of collaboration and innovation, ensuring you can make a meaningful impact while enjoying a fulfilling career. The hybrid working model and lifestyle perks further enhance the appeal of this role, making ING an excellent employer for those seeking to excel in the financial services sector.
StudySmarter Expert Advice🤫
We think this is how you could land TS - Correspondent Banking Manager
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like ING Group. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace TS - Correspondent Banking Manager
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to ING Group.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on ING Group's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at ING Group
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with ING Group.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at ING Group will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former ING Group employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.