Circle Lead | Financial Markets & Group Treasury Accounting Services

at  ING

As Circle Lead Financial Markets & Group Treasury Accounting Services you are responsible for the Accounting processes as well as the timely and accurate preparation of the P&L and Balance Sheets for the entities in scope of COO Finance. You lead a cross-border team and are responsible to manage both internal as external stakeholders.

ABOUT US

With 60,000 employees and operations in approximately 40 countries, there is no shortage of opportunities for people with initiative who want to help people take a step ahead in life and in business. Do you want to work at the cutting edge of what’s possible and at the same time ensure you work with integrity and hold the customer’s interests at heart? Do you want to be surrounded by progressive, inspiring, diverse and supportive colleagues? Then there is no better place to invest your talents than at ING. Join us and apply today!

YOUR ROLE AND WORK ENVIRONMENT

The Chief Operations Officer (COO) domain builds bridges within ING linking to almost every part of the bank. Its purpose is to drive secure, efficient processes for our customers and colleagues.

ING wants to set up a bank-wide COO organisation that’s ready for the future, with scalable, seamless, digital, and resilient operations. To help us achieve this, COO identified three main ways to make the most impact:

• Building a network organisation: more networking and cross-border collaboration.
• Consolidating the organisation: share capabilities and services in locations where we can best embed these.
• Digitalisation/straight-through processing: making our processes end-to-end to provide a seamlessly digital experience for our customers.

Global COO Finance is an independent unit within ING’s COO domain, reporting hierarchically into ING’s Chief Financial Officer and functionally into ING’s Chief Operations Officer.
Global COO Finance (COOF) is accountable for designing the global finance operations and technology strategy (together with ING’s TECH organisation) and optimising productivity and customer satisfaction in Operations to improve operational efficiency. It is accountable for executing ING Finance and COO strategy to evolve towards one global digital bank, is responsible for performance of Operations, the operating model, decisions on sourcing and all relevant Regulatory and Risk topics.
Your job is to lead a team of Accounting experts with a related purpose to deliver effective and efficient processes and services, developing and embedding controls that safeguard the compliance of relevant policies and standards and meeting business partner expectations. You are responsible for setting the standards for your scope of responsibility and takes responsibility for developing, innovating and safeguarding knowledge. Your role is to manage the circle in achieving its (long term) objectives and implement and execute the COOF strategies for your scope of responsibility.

RESPONSIBILITIES

You are responsible for the execution of all activities of this organisation in Netherlands and ING Hubs (currently Manila), including the risk & control activities to remain in control and keeping the bank safe. You do that by steering the team members, by providing them with a strategic direction, by coaching them on the job, defining the product roadmap and by managing stakeholders. The people who work in the circle (across locations and in total 20 FTEs) report to you, which means it is your job to empower them to thrive and perform at their best. You set direction, you help them to develop their craftsmanship and you have continuous conversations about their career development. As a Circle Lead you report hierarchically to the Super Circle Lead Financial Accounting.
Within the COOF Service Center, the Financial Markets & Group Treasury Accounting Services team focuses on the execution and controls within the Accounting & Reporting domain. The teams are responsible for all accounting processes related to a wide range of Financial Markets & Group Treasury products which the bank is offering to its clients. The Accounting team is also responsible for the delivery of the P&L and Balance Sheets into the different Accounting & Reporting systems of the bank. Currently the scope of the team entails around 30 entities and countries within ING where the teams are responsible for meeting agreed service levels and continuous improvement of the operational efficiency and effectiveness of the services.

The activities within the super circle are grouped into five (5) introduced circles:

• FMGT Accounting Services plays a vital role in maintaining up-to-date financial accounts and accounting compliance for the Financial Markets and Group Treasury products. It ensures timely and accurate financial information, and contributes to the overall financial well-being and success of the company.
• Lending, TFS & Payments Accounting Services plays a vital role in maintaining up-to-date financial accounts and accounting compliance for the Wholesale Bank Lending and Transaction Services products. It ensures timely and accurate financial information, and contributes to the overall financial well-being and success of the company.
• Other Product Accounting Services plays a vital role in maintaining up-to-date financial accounts and accounting compliance for the centralized processing and control for other products and special product entities. It ensures timely and accurate financial information, and contributes to the overall financial well-being and success of the company.
• Cost & General Accounting Services plays a vital role in maintaining up-to-date financial accounts and accounting compliance for the cost and other non-product ledgers. It ensures timely and accurate financial information, and contributes to the overall financial well-being and success of the company.
• Group & FA Consolidation Services plays a vital role in maintaining up-to-date financial accounts and accounting compliance for the Group entities and FA consolidation activities (eg Intercompany Reconciliation). It ensures timely and accurate financial information, and contributes to the overall financial well-being and success of the company.

YOUR KEY RESPONSIBILITIES

You deliver operations according to agreed service levels, while staying safe, reliable and compliant on your services. You are continuously looking for ways to improve, to further optimise the sourcing

strategy, and to further drive employee engagement and diversity.

• Leadership and Direction - Communicate the actions needed to implement the COOF strategy for your area; explain the relationship to the broader organization’s mission, vision and values; motivate people to commit to these and to doing extraordinary things to achieve local business goals.
• Policies and procedures development - Lead and coordinate the development and delivery of financial policies, guidelines, and protocols in your scope of responsibility to ensure the department complies with regulations and good financial practice.
• Functional Strategic Formation - Contribute to the formation of a key element of functional strategy through specialist expertise and insights, to ensure that the strategy meets business needs.
• Operational Compliance - Monitor and review performance and behaviours within area of responsibility to identify and resolve non-compliance with the organization’s policies and relevant regulatory codes and codes of conduct.
• Organisational capability building - Identify the team’s individual development needs. Plan and implement actions, including continuing professional development to build their professional capabilities. Coach and mentor the people in your line of responsibility to support the development of the COOF talent pool.
• Performance Management - Manage and report on performance within the department or area of responsibility; set appropriate performance objectives for direct reports and hold them accountable for achieving these; take appropriate corrective action where necessary to ensure the achievement of annual business objectives.
• Stakeholder Engagement - Identify and manage stakeholders (both internal as external), finding out their needs/issues/concerns and reacting to these to support the communication of business information and decisions.