Director, Senior Credit Officer

ING•New York, NY

50d

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.

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
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 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)

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 ING's Sustainability and Climate Change ambitions
Work with Front Office teams and Credit Administration staff to manage the credit risk of a designated portfolios
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