Director, Senior Credit Officer

About the Position

Director, Senior Credit Officer | New York

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About ING

In 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.

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

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About the Position

Transaction Approval & Advice (TA&A) New York is looking to support Front Office business growth ambitions by hiring a Senior Credit Officer (SCO) who will:

• Be responsible for (1) executing client transactions from origination to closing and (2) managing the credit risk of an assigned client portfolio.
• Be the primary point of contact for the front office for their portfolio, exhibiting deep specialized knowledge on the relevant sectors, markets, and/or products.
• Safeguard the risk appetite of the bank in balance with a sound commercial sense.

This person will work with various business units with primary responsibility for the Energy portfolio. This is a second line of defense Director level position that will report to the Head of TA&A – New York.

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Responsibilities

• Conduct and facilitate credit exposure approval and associated decision-making processes, in line with relevant credit policies and procedures, and within the stated risk appetite statements.
• Advise and support the credit decision process for individual credit transactions and relevant credit portfolios, within the boundaries of established risk appetite statements, and in line with applicable credit risk policies.
• Monitor and report on relevant transactions, obligors, and portfolios.
• Direct Quarterly Portfolio Review and Watchlist meetings and reports.
• Complete Risk Ratings in accordance with ING policy and in a timely manner to help assure the portfolio loan loss provision (LLP) is calculated accurately.
• Identify industry trends or news events that affect portfolio risk, using this to adjust as necessary Watchlist, Risk Rating, or LLP adjustments.
• Actively provide input and/or develop relevant credit risk policies.
• Align ING New York credit policies and procedures with global frameworks as applicable for approval and monitoring of credit exposure.
• Support ING’s Sustainability and Climate Change ambitions.
• Work with Front Office teams and Credit Administration staff to manage the credit risk of a designated portfolio.
• Stakeholder Management:
  • Develop and maintain relationships with (senior) management and other relevant internal and/or external stakeholders.
  • Educate and mentor colleagues ranging from junior account managers to senior bankers.
  • Coordinate with audit staff, including external audit, Corporate Audit Services, SOX, as well as DNB and ECB activities.
  • Interact as the primary counterpart of Front Office account managers, Deal Principals, and senior management on all matters related to credit risk.
  • Propagates ING views and opinions on issues relevant to the field of expertise, also outside the ING organization.
  • Interaction requires persuasion and engagement by personal impact.
  • Has overall risk management responsibility (principally lending, but also financial markets, operation, compliance, and market), and is able to manage processes from a risk management perspective.
  • Is responsible for formulating sector-product specific risk appetite for an assigned portfolio.
  • Is responsible for the credit quality and tracking of borrower performance in these portfolios.
  • Actively provides guidance and feedback to relevant internal front office counterparts in the preparation, structuring, documentation, and booking of transactions.
  • Has a strategic view on relevant risk drivers and mitigation, and is recognized by relevant counterparts as an authority within the field(s) of expertise.
  • Ensures compliance of transaction structure and documentation in line with credit approval.
  • Actively contributes to the development of relevant credit risk procedures, risk models, and drivers and monitors adherence to it.
  • Represents Credit Risk in intra-departmental projects.

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Requirements

• 10+ years’ experience within Wholesale Banking, which may include front office and support roles providing exposure to credit risk management duties.
• Ample experience in originating and executing bespoke project finance structured transactions within the Energy, TMT, Infrastructure sector.
• Excellent credit analysis skills.
• Bachelor’s degree or equivalent in Finance, Economics, Law, or a closely related field.
• Excellent knowledge of relevant credit risk management processes, systems, and concepts.
• Excellent knowledge and following of regulatory processes affecting lending, capital requirements, and compliance matters.
• Working knowledge of counterparty and market risk and non-financial risk.
• Working knowledge of financial markets products including interest rate, commodity, and FX derivative products, ISDA terms, and negotiation.
• Logical and well-reasoned level of thinking.
• Excellent communication skills, and fluent in English.
• Interaction and effective communication with internal departments and relevant external parties (clients, other banks, advisors, audit).

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We Offer

• Competitive salary range: $200,000 - $275,000.
• 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.

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About the Company

ING is a committed equal opportunity employer. We welcome applicants of diverse backgrounds and hire without regard to color, 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 is 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.

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