Director, Senior Credit Officer

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.

About the role

Transaction Approval & Control (TA&C) 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. The SCO, who is the primary point of contact for front office for their 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 Transportation & Logistics portfolio covering the automotive, railroads, shipping, and containers subsectors. This is a second line of defense Director-level position that will report to the Head of TA&C – New York.

About the department

TA&C based in New York City acts as the credit risk management group and second line of defense in support of the corporate lending business at ING Capital LLC, which is the wholesale lending arm for ING Bank in the Americas. TA&C is responsible for the analysis, advice, and decision-making of tailored (lending) transactions for key Wholesale Banking Sector and Lending clients, supporting these clients in their success while safeguarding the risk appetite of the bank.

The risk managers (SCOs and risk officers) have a deep understanding of credit structuring, credit risk, 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 advise senior management on the strategic direction in terms of risk appetite and portfolio steering in sectors and products. TA&C 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.
• Complete Regulatory Risk Ratings in accordance with ING policy and regulatory expectations in a timely fashion.
• 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.
• Advise, align, and coordinate credit risk appetite with Global SCO for T&L sector.
• 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.

Requirements

• 8+ 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 Transportation and Logistics transactions within the United States and Americas markets.
• Knowledge of asset-based lending (ABL) and IG corporate structures.
• 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.

Qualifications and Competencies

• Logical and well-reasoned level of thinking.
• Excellent communication skills, and fluent in English.
• Persuasion and engagement by personal impact.
• Able to manage processes from a risk management perspective.
• Has a strategic view on relevant risk drivers and mitigation, and is recognized by relevant counterparts as an authority within field(s) of expertise.

Pay

Salary range: $200,000–$273,000. This role is eligible for participation in a discretionary bonus program.

Benefits

• Comprehensive health benefits.
• Generous 401k savings plan.
• Competitive PTO.
• Adoption, surrogacy, and fertility services.
• Student debt assistance.
• Subsidies for expenses associated with commuting and fitness.