Senior Credit Officer

Director, Senior Credit OfficerTransaction 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 executing client transactions from origination to closing and managing 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.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 statementsAdvise 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 policiesMonitor and report on relevant transactions, obligors and portfoliosDirect Quarterly Portfolio Review and Watchlist meetings and reportsComplete Risk Ratings in accordance with ING policy and in a timely manner to help assure the portfolio loan loss provision (LLP) is calculated accuratelyIdentify industry trends or news events that affect portfolio risk, using this to adjust as necessary Watchlist, Risk Rating or LLP adjustmentsActively provide input and/or develop relevant credit risk policiesAlign ING New York credit policies and procedures with global frameworks as applicable for approval and monitoring of credit exposureSupport ING's Sustainability and Climate Change ambitionsWork with Front Office teams and Credit Administration staff to manage the credit risk of a designated portfoliosDevelop and maintain relationships with (senior) management and other relevant internal and/or external stakeholdersEducate and mentor colleagues ranging from junior account managers to senior bankersCoordinate with audit staff, including external audit, Corporate Audit Services, SOX, as well as DNB and ECB activitiesHas overall risk management responsibility (principally lending, but also financial markets, operation, compliance and market), and is able to manage processes from a risk management perspectiveIs responsible for formulating sector- product specific risk appetite for an assigned portfolioIs responsible for the credit quality and tracking of borrower performance in these portfoliosActively provides guidance and feedback to relevant internal front office counterparts in the preparation, structuring, documentation and booking of transactionsHas a strategic view on relevant risk drivers and mitigation, and is recognized by relevant counterparts as an authority within field(s) of expertiseEnsures 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 itRepresents Credit Risk in intra-departmental projectsQualifications and CompetenciesRequirements:10+ years' experience within Wholesale Banking, which may include front office and support roles providing exposure to credit risk management dutiesAmple experience in originating and executing bespoke project finance structured transactions within the Energy, TMT, Infrastructure sectorExcellent credit analysis skillsBachelor's degree or equivalent in Finance, Economics, Law or a closely related fieldExcellent knowledge of relevant credit risk management processes, systems and conceptsExcellent knowledge and following of regulatory process affecting lending, capital requirements and compliance mattersWorking knowledge of counterparty and market risk and non-financial riskWorking knowledge of financial markets products including interest rate, commodity and FX derivative products, ISDA terms and negotiationLogical and well-reasoned level of thinkingExcellent communication skills, and fluent in EnglishInteraction and effective communication with internal departments and relevant external parties (clients, other banks, advisors, audit)Salary range: $200,000-$275,000In 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.