Director, Head of Balance Sheet & Capital Management

Group Treasury | Head of Balance Sheet & Capital Management | Director | New York City

About ING: 

In the Americas, ING’s Wholesale Banking division offers a broad range of innovative financial products and services to domestic and international corporate and institutional clients. 

 
When you come to work at ING, you’re joining a team where individuality isn’t just accepted, it’s encouraged. We’ve built a culture that’s fun, friendly and supportive – it’s the kind of place where you can be yourself and make the most of whatever you have to offer.
We give people the freedom to take risks, think differently, take ownership of their work, and make great things happen. We’re here to help you get ahead. And with our global network, there’s plenty of scope to take your career in new directions, perhaps even ones you’ve never considered. ING Americas follows a hybrid work model, allowing for in-office / work from home flexibility. Hybrid work arrangements vary based on business area.

Sound like the kind of place you’d feel at home? We’d love to hear from you.

About the position:

The Head of Balance Sheet and Capital Management (BS&CM) is responsible for the strategic oversight of the firm’s capital, liquidity, and funding positions. This role shapes the balance sheet to support sustainable business growth while ensuring rigorous compliance with regulatory requirements. The Director partners closely with senior leaders across Treasury, Risk, Finance, and global Group Treasury to maintain a resilient, efficient, and forward‑looking capital and funding framework.

About the department:

Group Treasury at ING Americas is responsible for managing and monitoring ING’s capital, funding, and liquidity positions across both business-as-usual and stress scenarios. This includes oversight of regulatory and internal capital and liquidity metrics and ensuring alignment with global treasury strategy.

The function facilitates risk and funding transfers from business lines to the Group Treasury books, sourcing funding from both the local U.S. market and Group-level channels. It actively manages associated interest rate, FX, and liquidity risks through the use of derivatives, including interest rate swaps and FX forwards.

In addition, Group Treasury oversees the management of the High-Quality Liquid Asset (HQLA) portfolio to ensure compliance with LCR and NSFR requirements, while optimizing yield and liquidity. The team also leads interest rate hedging strategies to mitigate structural risk on the U.S. balance sheet.

Group Treasury further advises business lines on pricing and potential balance sheet impacts of commercial products, ensuring that commercial decisions are aligned with funding and risk objectives.

Responsibilities:

The Balance Sheet and Capital Management (BS&CM) department is responsible for planning and managing ING’s ’s capital, liquidity, and funding in alignment with business development, while ensuring full adherence to regulatory requirements.

This role serves as the Head of BS&CM, leading a team of 3 FTEs. The team’s key responsibilities include:

• Leading and developing a high‑performing BS&CM team, fostering analytical excellence and cross‑functional collaboration.
• Preparing comprehensive balance sheet and capital insights to support ALCO, senior management and global Treasury stakeholders.
• Owning and maintaining the ING’s balance sheet steering frameworks, including Funds Transfer Pricing (FTP) and related charging and allocation mechanisms.
• Providing guidance and setting parameters for the use of Funding & Liquidity resources within the Dynamic Planning process, as well as coordinating the semi‑annual Funding Plan.
• Leading and continuously enhancing the annual ILAAP and ICAAP cycles as part of the broader ICLAAP process, and drafting the regular Liquidity and Capital Adequacy Statements.
• Monitoring positions and P&L within BS&CM‑owned portfolios (including FTP, Capital and Contingent Liquidity books).
• Tracking and interpreting developments in financial markets, rating agencies, central bank policy, regulatory changes, and other factors that impact the ING’s scarce funding resources (e.g., bank tax, IFRS changes, NSFR requirements).
• Acting as a key point of contact for balance sheet management matters with Head Office Treasury (GT) departments and providing direction to BS&CM team members in the U.S.

Qualifications and Competencies

Skills & Experience

• 10+ years of experience in banking, treasury, and the broader financial services industry.
• Demonstrated leadership skills with a strong track record, either through direct team management or leading significant projects.
• Proven ability to drive projects and assignments across multiple departments, functions, and regions.
• Solid knowledge of monitoring and assessing funding and liquidity risks.
• Ability to translate complex balance sheet topics into senior-level recommendations.
• Strong understanding of US regulations related to liquidity risk and balance sheet management.

You also identify with the following profile:

• Strong analytical capabilities.
• Excellent communication skills.
• Resilient and effective under pressure, including tight deadlines and the management of substantial financial risks.
• Solution‑ and service‑oriented mindset when interacting with internal and external stakeholders.
• High level of drive and motivation to achieve results.
• Proactive, entrepreneurial mindset with a strong sense of initiative.

Salary Range: $216,000-273,000

In addition to comprehensive health benefits, a generous 401k savings plan, and competitive PTO, ING provides a broad array of benefits including adoption, surrogacy, and fertility services; student debt assistance; and subsidies for expenses associated with commuting and fitness.

ING is a committed equal opportunity employer. We welcome applicants of diverse backgrounds and hire without regard to race, gender, religion, national origin, citizenship, disability, age, sexual orientation, or any other characteristic protected by law. We celebrate these differences and rely upon your unique perspective to innovate and seize new opportunities. Come as you are.

ING Bank does not have a commercial banking license in the U.S. and therefore not permitted to conduct a commercial banking business in the U.S. Through its wholly owned subsidiary ING Financial Services LLC, and its affiliates, it offers a full array of wholesale products such as commercial lending and a full range of FM products and services.