Job Description, Responsibilities & Requirements
About the Position
Director, Credit Risk Review
Location: New York, New York, United States
Work Location Type: Hybrid
Salary Range: $216,000 - $273,000
About the Company
At ING, we believe in fostering a culture of individuality, collaboration, and continuous improvement. Our Wholesale Banking division in the Americas offers a broad range of innovative financial products and services to domestic and international corporate and institutional clients. We are committed to providing a supportive environment where you can thrive and make a significant impact.
Responsibilities
- Collaborate with the CRR Head of Department to implement and continuously evolve the strategic vision for the function, including the refinement of policies, frameworks, and methodologies.
- Promote a culture of collaboration, high performance, and continuous improvement through behavior and engagement.
- Balance collaborative engagement with credit risk managers and effective, credible challenge of practices.
- Develop credit risk management opinions that appropriately and successfully challenge the status quo.
- As a Subject Matter Expert (SME), undertake Risk Assessments and Continuous Monitoring to review assigned portfolios, independently identifying the credit risk profile and anticipated changes, while also evaluating compliance with internal policies and regulatory expectations.
- Execute Target Reviews/Examinations of individual obligors for alignment with bank credit risk standards including accurate and timely credit risk rating designations.
- When acting as Reviewer-in-Charge (RIC), evaluate work of CRR team members to ensure high-quality and consistent outputs, undertaking primary evaluations of credit exposures and portfolios as necessary.
- Initiate Issue Validation Reviews to evaluate the effectiveness of management’s remedial actions to address CRR-identified formal issues.
- Act as a senior escalation point for complex or contentious reviews, providing balanced and well-informed judgments.
- Lead or assist with special projects as needed (e.g., CRR enhancement, credit risk postmortem, etc.).
Requirements
- Undergraduate degree
- 12+ years of experience with wholesale credit risk management.
- Extensive experience with assignment of U.S. bank regulatory risk ratings.
- Effective communication skills for presenting complex ideas to diverse stakeholders.
- Sector Experience within Energy & Power (Upstream, Midstream, Downstream, Renewables, and Utilities) plus one or more of the following industries / product types: Asset Based Lending, Asset Securitizations, Commercial Real Estate, Funds Finance, Leveraged Lending, Mining, & Project Finance.
- Demonstrated experience with effectively challenging decision makers.
- A collaborative mindset with a focus on problem-solving and continuous improvement.
Nice to Have
- Bank regulator/examiner experience.
- CRR team membership experience.
- Education – Graduate Degree or Chartered Financial Analyst Accreditation.
We Offer
- Competitive salary
- Participation in a discretionary bonus program
- Comprehensive health benefits
- Generous 401k savings plan
- Competitive PTO
- Broad array of benefits including adoption, surrogacy, and fertility services; student debt assistance; and subsidies for expenses associated with commuting and fitness.
About the Company
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.
Apply now and join our team to make a significant impact in the field of credit risk management.