Senior Credit Restructuring & Recovery Expert

About the Position

We are looking for a Senior Credit Restructuring & Recovery Expert to join ING Bank in Luxembourg. Based in Luxembourg City, you will join ING’s Credit Restructuring & Recovery function, focusing on Business Banking real estate portfolio and progressively covering Wholesale Banking and material Private Banking exposures. The role combines hands-on restructuring expertise, recovery strategy, and portfolio oversight for higher-risk and non-performing clients, with a strong focus on value preservation, risk mitigation, and responsible client outcomes.

Responsibilities

• Manage and support restructuring and recovery cases for Business Banking real estate clients, including higher-risk, watchlist, forborne, and non-performing exposures.
• Analyse borrower viability, cash flows, repayment capacity, collateral values, guarantee structures, legal documentation, and recovery options to define appropriate case strategies.
• Develop and negotiate restructuring solutions, including amended repayment plans, covenant resets, collateral enhancements, refinancing options, standstill arrangements, and exit strategies.
• Prepare clear restructuring and recovery recommendations, including risk assessment, expected recovery, provisions, classification, forbearance treatment, and decision conditions.
• Monitor assigned restructuring portfolios, including milestones, collateral developments, covenant compliance, impairment indicators, recovery performance, and early-warning signals.
• Work with Wholesale Banking, Private Banking, Credit Risk, Legal, Finance, external valuers, and advisers to ensure coordinated case management and robust documentation.
• Contribute to portfolio reviews and governance forums by identifying emerging risks, concentrations, recovery trends, and opportunities to reduce non-performing exposures.
• Support the gradual expansion of restructuring coverage to Wholesale Banking and material Private Banking exposures, applying consistent workout standards and strong risk culture.

Requirements

• Master’s degree in finance, economics, business administration, law, or a related discipline.
• 10 years of relevant experience in credit risk, restructuring, recovery, special asset management, real estate finance, workout management, or distressed credit.
• Strong understanding of lending, collateral valuation, loan documentation, guarantees, repayment structures, covenant frameworks, and enforcement considerations.
• Ability to analyse financial statements, cash flows, borrower viability, collateral coverage, recovery scenarios, and impairment drivers.
• Experience preparing restructuring proposals, recovery strategies, credit recommendations, watchlist papers, or non-performing exposure reviews.
• Strong negotiation, stakeholder management, and communication skills, including the ability to engage constructively with clients, advisers, and internal decision makers.
• Sound judgement, ownership mindset, and the ability to manage sensitive, time-critical, and sometimes contentious cases with professionalism and resilience.
• Good understanding of forbearance, default, provisioning, collateral monitoring, and non-performing exposure governance is considered an advantage.
• Excellent written and verbal communication skills in English and/or French; Another European language is an advantage.

We Offer

• A high-impact restructuring and recovery role focused on Business Banking real estate, with future exposure to Wholesale Banking and material Private Banking cases.
• Meaningful ownership of complex credit situations, recovery strategies, and portfolio outcomes, with direct interaction across Risk, Wholesale Banking, Private Banking, Legal, and Finance.
• The opportunity to strengthen ING Luxembourg’s restructuring, recovery, and non-performing exposure management capabilities while contributing to a strong risk culture.

About the Company

ING is a global bank with a strong European base. More than 60,000 colleagues serve around 38 million customers and corporate clients in over 40 countries. Our vision is to unlock our people’s full potential through our inclusive culture where everyone has the opportunity to develop and have impact for our customers and society. We are proud of our commitment to diversity, equity, and inclusion, and we do not tolerate discrimination of any kind.