Director, Credit Risk Management

ING•New York, NY

3d•$216,000 - $273,000•Hybrid

About The Position

The Director, Credit Risk Management is a Senior Credit Restructuring Officer responsible for developing recovery strategies for classified loans and representing the institution in negotiations with borrowers and other lender classes. The role leads complex credit restructuring and resolution work, with the goal of minimizing credit losses and maximizing recovery while balancing risk, return, liquidity and legal considerations. The position operates under the supervision of the Regional Head of Credit Restructuring, while working independently day to day. The role is part of Global Credit Restructuring (GCR), ING Bank’s restructuring knowledge center. GCR finds solutions for large customers in difficulty, seeks to preserve principal and maximize recovery, and is responsible for the bank’s Loan Loss Provisioning process. The Director also interfaces with regulators and auditors examining the loan loss provisioning process and supports the management of U.S. problem credits in line with applicable supervisory expectations.

Requirements

10+ years of relevant experience in corporate credit, leveraged finance, restructuring, special assets, workout or distressed credit, including managing complex stressed and non-performing corporate exposures.
Demonstrated experience developing, negotiating and executing restructuring and recovery strategies in in-court and out-of-court situations, including independently managing complex creditor negotiations.
Strong technical and practical knowledge of credit risk, restructuring and recovery analysis across industries and financing structures.
Strong working knowledge of the U.S. Bankruptcy Code, particularly Chapter 11, and practical understanding of creditor rights, intercreditor dynamics, priority and collateral considerations, insolvency proceedings and restructuring alternatives.
Experience evaluating and negotiating restructuring solutions such as amendments and waivers, covenant resets, maturity extensions, recapitalizations, collateral enhancement, debt restructurings and exit or refinancing solutions.
Advanced ability to analyze stressed and distressed borrowers, including financial statement analysis, integrated financial modeling, liquidity and cash-flow forecasting, downside and sensitivity analysis, enterprise and collateral valuation, and recovery analysis.
Experience recommending risk ratings, impairment or provisioning outcomes and collateral valuations, supported by documented credit analysis and judgment.
Working knowledge of IFRS 9/US GAAP and expected credit loss concepts; familiarity with governance and control requirements applicable to criticized and impaired credits.
Proven negotiation skills and sound independent credit judgment, including the ability to represent the Bank in complex discussions with borrowers, sponsors, lenders, financial and legal advisers and other stakeholders.
Strong written and verbal communication skills, including the ability to present complex credit and restructuring recommendations clearly and persuasively to senior management and credit committees.
Ability to work independently, prioritize multiple complex situations and make timely decisions in high-pressure, rapidly evolving circumstances.

Nice To Haves

Experience in one or more of Project Finance, Energy and Infrastructure, Acquisition/Leveraged Finance, Healthcare, Media & Technology, General Industries, Asset-Based Lending, or Trade & Commodity Finance.

Responsibilities

Lead management and resolution of complex stressed, distressed, criticized and non-performing credit exposures, developing and executing strategies to minimize credit losses and maximize recovery while balancing risk, return, liquidity and legal considerations.
Own assigned problem-credit situations end to end, from early identification and transfer to restructuring or workout through stabilization, restructuring, refinancing, exit, sale or recovery.
Develop, recommend and execute restructuring and recovery strategies in consensual and non-consensual situations, including amendments, waivers, forbearance arrangements, maturity extensions, covenant resets, recapitalizations, refinancing, asset sales and other balance-sheet solutions.
Lead negotiations with borrowers, sponsors, shareholders, lenders and other creditor groups, working with internal and external legal counsel, financial advisers and restructuring professionals.
Manage in-court and out-of-court restructuring and insolvency processes, including relevant U.S. Chapter 11 situations; evaluate recovery alternatives, capital structures, collateral positions and creditor rights.
Perform and challenge financial and credit analysis, including liquidity and cash-flow forecasts, enterprise valuation, collateral analysis, capital structure, debt capacity, downside scenarios and recovery analysis.
Determine and recommend internal credit classifications, risk ratings and workout strategies for deteriorating exposures, ensuring timely identification, escalation and documentation of credit deterioration.
Assess expected credit losses, impairment and provisioning requirements under applicable accounting frameworks, including IFRS 9 and U.S. GAAP, in partnership with Finance, Risk and other control functions.
Ensure management of U.S. problem credits is consistent with applicable Federal Reserve and other U.S. banking supervisory expectations regarding asset quality, credit classification, credit-risk review, criticized assets and allowance for credit losses.
Maintain robust documentation supporting credit classifications, restructuring decisions, valuations, recovery assumptions and allowance conclusions.
Prepare and present restructuring strategies, credit recommendations and approval requests to senior management and relevant credit committees, explaining risks, alternatives, expected recoveries, downside scenarios and recommended actions.
Coordinate with Front Office, Credit Risk, Legal, Finance, Loan Operations and other stakeholders to ensure restructuring transactions are approved, documented, implemented and monitored appropriately.
Support portfolio-level management of criticized and non-performing exposures by identifying emerging risks, concentrations and recurring themes and providing reporting and escalation to senior management.
Contribute to the enhancement of restructuring, problem-credit and recovery frameworks, including policies, governance, documentation standards, management information and readiness for internal, external and regulatory review.
Develop colleagues and strengthen restructuring capabilities.