Director, Senior Credit Officer

Transaction Approval & Advice | Director, Senior Credit Officer | New York About ING: In Americas, INGs 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, youre joining a team where individuality isnt just accepted, its encouraged. Weve built a culture thats fun, friendly and supportive its 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. Were here to help you get ahead. And with our global network, theres plenty of scope to take your career in new directions, perhaps even ones youve never considered. Sound like the kind of place youd feel at home? Wed love to hear from you. 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) manage the credit risk of an assigned client portfolio. The SCO who is the primary point of contact for front office for her/his/they portfolio, exhibits deep specialized knowledge on the relevant sectors, markets and/or products. and safeguards 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. About the department: TA&A based in New York City acts as the credit risk management group and second line of defense is support of the corporate lending business at ING Capital LLC which is the wholesale lending arm for ING Bank in the Americas. TA&A is responsible for the analysis, advice and decision making of tailored (lending) transactions for key WB Sector and Lending clients and supporting these clients in their success whilst safeguarding the risk appetite of the bank. The risk managers (SCOs and risk officers) have a deep understanding of credit structuring, credit risk and businesses & markets, next to the assessment of related risks like ESG, compliance and climate risk. In addition to the asset-by-asset approval process, the SCOs manage their portfolios and advice senior management on the strategic direction in terms of risk appetite and portfolio steering in sectors and products. TA&A teams are also engaged in strategic projects covering sector analysis, risk appetite direction, Leveraged Transactions, reporting, climate change and a wide range of other related initiatives covering the wider credit strategy of ING. 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 INGs Sustainability and Climate Change ambitions Work with Front Office teams and Credit Administration staff to manage the credit risk of a designated portfolios 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 Educate and mentor colleagues ranging from junior account managers to senior bankers Interacts as 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 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 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 Qualifications and Competencies 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 Bachelors 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 process 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) Salary range: $200,000-$275,000 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 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 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. #LI-DNI Were a global bank with a strong European base, and our more than 60,000 colleagues serve around 38 million customers and corporate clients in over 40 countries. Joining ING means working with friendly and collaborative people towards making a positive impact on people and planet. We believe in empowering the people around us and our customers to stay a step ahead. Working here means having the autonomy to drive progress, helping to create superior customer value and contributing to our ambition of putting sustainability at the heart of everything we do. Here, were more than just a workplace were a community of innovators, problem-solvers, and forward-thinkers, dedicated to making a real impact. Whether youre just starting your career or seeking the next big challenge, we have opportunities that will inspire and push you to grow. Your future at ING starts with one application. Ready to join? Weve got plenty of opportunities to match your skills and aspirations! Use the filters below the search bar like location and job type to help you find the perfect fit. Start exploring now and discover where your next career move could take you!