Legal Counsel Sectors & Lending

Job Specification – Job Title

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.

Core Information

Job Title:                         Legal Counsel, Lending

Corporate Title:              Legal Expert

Certification Status:      Certified staff

Business/Function:        Legal

Department:                   Legal

Line Manager:                Henar Rodríguez

Status:                             Permanent

Job Specification          

The team

The Legal Department provides tailored and sustainable legal solutions by being a partner in business while mitigating potential legal and reputational risks for ING Bank. Our department counts around 50 lawyers. The team Sectors and Lending consists of around 15 lawyers with different backgrounds. We support our internal clients in product development, transactions, and incidents. Our team is responsible for drafting and reviewing a variety of finance transactions with focus on loan documentation and we contribute to various innovation initiatives such as automation and AI tools integration. We participate in legal committees of (international) banking associations.

Roles and responsibilities:

• Provide general legal and associated advice and support to the Lending Services activities of ING's Wholesale Banking business, primarily in the Netherlands region but also in other ING locations. This includes advice on transactions and product development, as well as guidance on domestic and cross-border issues.

• Review, advise on, draft and/or negotiate general documentation which has been negotiated by the deal teams and their appointed external legal advisers, in order to give internal sign off, by confirming that the documentation accords with the internal policies and procedures, and includes features acceptable to ING.

• Review and comment on ancillary documentation, including legal opinions, mandate documents, commitment documentation and term sheets in relation to proposed transactions and, to the extent necessary, to assist with drafting documentation.

• Identify unusual or “off-market” provisions during negotiation and documentation review and bring them to the attention of the business and risk management.

• Draft, review and comment on template documentation, standard terms and conditions and policy documentation used by ING.

• Participate in negotiations, conference calls and meetings in connection with potential and live transactions as necessary.

• Prepare, deliver, and arrange legal training and keep internal clients advised of relevant legal developments and relevant current market trends.

• Contributing to the pool of specialists with sector and expertise knowledge. Participate in various wide/cross-border projects/initiatives and help draft internal policies and guidelines.

• Liaise as necessary with external counsels.

• Seek and receive legal advice on behalf of ING and communicate that advice to the ING management.

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’ll back you to develop into an even more awesome version of yourself.

You have:

• A university degree, qualified common law solicitor or barrister (English and/or Dutch degree are preferred).

• Minimum of 6 years post-qualification experience working for a magic circle or equivalent law firm or in-house for a leading international wholesale bank in these areas.
• Experience with finance transactions documentation including term sheets, mandate letters, inter-creditor agreements, guarantees and security documents.
• Familiarity with Loan Market Association, loan documentation, and terms.
• Interest in transactional work.

You are:

• A confident, articulate personality, good at building client relationships, and able to take responsibility for, and prioritise, their workload without extensive supervision.

Rewards and benefits

We want to make sure that it’s possible for you to strike the right balance between your career and your private life. You can find out more about our employment conditions at https://www.ing.jobs/netherlands/Why-ING/benefits.htm

The benefits of working with us at ING include:

●        A salary tailored to your qualities and experience

●        24-27 vacation days depending on contract

●        Pension scheme

●        13th month salary

●        Individual Savings Contribution (BIS), 3.5% of your gross annual salary

●        8% Holiday payment

●        Hybrid working to blend home working for focus and office working for collaboration and co-creation

●        Personal growth and challenging work with endless possibilities

●        An informal working environment with innovative colleagues

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. Apply today.

Questions?

Contact the recruiter attached to the advertisement for more information. Want to apply directly? Please upload your CV and motivation letter by clicking the “Apply” button.

Please note, multiple interview steps involving various business stakeholders will be part of the selection process.

A personality analysis and assessment may form part of the application process. You can find more information here.