Associate (Orphan Desk) Financial Institutions Group

at  Rabobank

YOU AND YOUR JOB

The Orphan desk is a desk installed within FIG, and part of the FI Relationship Management Team. The Orphan desk takes over client ownership in the event that no new business is expected, but where transactions are still outstanding (run-off/legacy). The client will be off-boarded once the transactions have run-off, and the Orphan desk manages this process. The Associate Orphan Desk is - as the new client owner- the first point of contact for the FI client and coordinates the CDD process.

YOU AND YOUR TALENT

We are looking for a candidate with the following core competences: customer-focused, strong communication skills, pro-active, result oriented, diligent administrative skills, and focused on continuous improvement. Furthermore, in this function you support the client owners in their daily activities to build and maintain a comprehensive network within the sector, you will help service our clients and counterparties and you will work on your own projects with a strong client focus.
Important skills for this function are: Problem Solving, Decision Making, Story Telling and Self-reflection.

For the position of Associate, you also have:

• HBO/ WO degree or working and thinking level;
• 1-5 years of experience in, and knowledge of, SME, Corporate or wholesale banking;
• A genuine interest in analysing the FI client’s needs and how financial institutions work; Interest or experience in financial markets business is a plus
• Fluent English and Dutch language capability (both verbally and in writing);
• Affinity, interest and experience with the LEAN / Agile way, or other project management ways of working. Continuous improvement and process management is a plus;
• Experience in, and knowledge of KYC/CDD and/or Credit is a plus.

YOU AND THE JOB APPLICATION PROCESS

Are you the person we’re looking for? And are you ready to join FIG as an Associate, and to make a difference to yourself, our customers and to society? We look forward to receiving your application for this vacancy in Utrecht.

The information below may be useful for you:

• Reply to the vacancy for Associate Orphan Desk at Rabobank no later than October 9
• Any questions about the job content or about working at Rabobank and the process? Contact Yvette van Herpen, Recruiter, viayvette.van.herpen@rabobank.nl
• We will hold the interviews through a video call or face2face.
• You can find answers to the most frequently asked questions on rabobank.jobs/en/faq.
• A security check is part of the process.
• We respect your privacy.

• As an Associate, you are managing an existing FI portfolio and coordinate the offboarding as such. You will work with, and liaise with, your team members and the Relationship Management team. This will enable you to really get to know your clients and counterparties, which will help you to play a relevant role in the team, and to build and maintain a comprehensive network within the FI sector.
• To manage your portfolio, you need to collaborate with the FI Credit Analysis and the FI lending team within the FIG department, the various product departments, and the risk and legal department. This allows you to build a strong internal network.
• The product teams are very diverse, and you will get to learn the bank from multiple angles like Markets (DCM, Trading, Sales), Trade & Commodity Finance (TCF), Global Network Management, Transaction Banking, Treasury & Funding, Portfolio Management etc.
• You will have a shared responsibility for a portfolio of legacy clients originated across Wholesale, which have pending transactions but without regular contact (run-off portfolio). In close consultation with internal and external stakeholders, you will form and monitor the exit strategy within the off-boarding process. And if necessary, you will inform the clients.
• You will also coordinate the customer due diligence (CDD) process, including event driven reviews. These internal affairs allow you to work on your own projects, which sometimes will have an administrative angle. This way, you will get a deep knowledge of the international finance sector and internal processes.