Credit Risk Officer, VP

ING • New York, NY

2d

About The Position

TA&A New York is looking to support Front Office business ambitions by hiring a Credit Officer who will: (1) execute client transactions from origination to closing and (2) manage the credit risk of an assigned client portfolio. This person will work closely with Senior Credit Officers (SCOs), various assigned business units in transaction flow and formulating credit policy and articulating risk appetite. This is a Vice President level position. The department is responsible for the transaction approval process and portfolio risk management in the United States and the Americas region. This job entails some key responsibilities of a Senior Credit Officer (SCO) role, while recognizing the candidate will still be gaining necessary valuable experience to eventually advance to the SCO position.

Requirements

• 5+ 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 transactions, preferably in the relevant products and sectors, with specific knowledge and experience with the United States and Americas markets
• Excellent credit analysis skills
• Bachelor’s degree or equivalent, with Engineering, 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
• Strong knowledge of credit risk with working knowledge of counterparty and market 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 written and verbal communication skills and fluent in English
• Interaction and effective communication with internal departments and relevant external parties (clients, banks, advisors, audit) requiring persuasion and engagement by personal impact
• Able to manage processes from a risk management perspective and have a strategic view on relevant risk drivers and mitigation
• Ability to work under pressure and meet tight deadlines
• Actively supports relevant internal counterparts in the preparation, structuring, documentation and booking of transactions
• Actively contributes to the development of relevant credit risk procedures, risk models and drivers and monitors adherence to it

Responsibilities

• Work with SCOs, Front Office teams and Credit Administration staff to manage the credit risk of designated credit portfolios
• 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
• 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
• Help direct Quarterly Portfolio Review and Watchlist meetings and reports
• Actively provide input on the development of relevant credit risk policies
• Align ING New York credit policies and procedures with global frameworks for approval and monitoring of credit exposure

Benefits

• comprehensive health benefits
• a generous 401k savings plan
• competitive PTO
• adoption, surrogacy, and fertility services
• student debt assistance
• subsidies for expenses associated with working from home, commuting, and fitness

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees