Director, Team Lead

Lending | Portfolio Management | Director, Team Lead | New YorkAbout ING: In the 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. We’re here to help you get ahead. And with our global network, there’s plenty of scope to take your career in new directions, perhaps even ones you’ve never considered. ING Americas follows a hybrid work model, allowing for in-office / work from home flexibility. Hybrid work arrangements vary based on business area.Sound like the kind of place you’d feel at home? We’d love to hear from you.About the position:As a Director in this team your primary responsibility will be ongoing management of the Project Finance loan portfolio, with an emphasis on credit monitoring, analytics and internal reporting. You will have portfolio management responsibilities for a portfolio of project finance loans. This is a leadership position and will require coordination between sector specialists, offshore portfolio support teams, risk management and junior members of the team.About the department:This role is a manager of a team that comprises the critical portfolio management and reporting foundation of all lending origination and underwriting activity.Responsibilities:Actively manage all facets of the daily operations of the identified portfolio, including but not limited to:Routinely analyze the credit migration trends of the portfolio and individual names;Idea generation for value added cross buy or client opportunities;Quarterly and annual credit reviews;Prepare quarterly Credit Risk Management (“CRM”) portfolio reviews;Process amendment and waiver requests, write or review credit modifications, submit to risk and address Q&A, follow-up on the required legal amendments to the documentation until execution;Track compliance of financial covenants and other reporting covenants such as construction/ operating reports, insurance, etc.;Review annual risk rating updates prepared by an administrative support team;Oversee and prepare collateral monitoring reports;Prepare and maintain reports as requested by regulators, rating agencies and other external parties;Maintain various department and industry databases/trackers;Maintain internal portfolio tracking metrics;Respond to ad hoc internal requests on portfolio composition and exposure;Coordinate and work with offshore portfolio support teams;Diligent and proactive credit monitoring through the review of all covenanted financial and project information (e.g. financial models, Borrower and Adviser operational / construction progress reports) as well as compliance with all regular reporting activities in line with the bank’s policy and proceduresOversee multiple PMs on a project-basis to ensure proper training and development to ensure the success of efforts within their remitResponsible for the accurate internal system processing (Vantage) including GRID, FINAN, TSC, Risk RaterInterface with relationship managers and sector specialists to ensure an active dialogue on credit trends, challenges and opportunities with individual borrowersMonitor and identify market developments and proactively manage their potential impact on the portfolioSupport Team Lead and coordinate between Portfolio Management/ Origination in order to ensure timely and accurate response to internal (CAS) and external regulatory controls and audits by providing the required insights, reports and samples and by participating in the dialogue if so requestedStay up to date on organizational operating policies and procedures (i.e. Risk, Legal, etc.) to ensure appropriate protocols are implemented and followed, and facilitate accordinglyImplementation of strategic initiatives, including enhancements to the credit monitoring process to improve business efficiencyIdentify productivity trends across the Front Office organization and use insights from reporting to create and drive efficient processes and improve productivityEnsure an excellent level of service and high-quality outputImplement transformation projectsCoordinate with KYC/CDD teamManage lending limits and Capital Velocity programsQualifications and Competencies:BA/BS in finance/economics/accounting/management/engineering (or similar); CFA a plusMinimum of 8 years of relevant experience specifically within Project Finance.5-8 years in TMT, Infrastructure Financing and/or Energy is preferred.At least 2 years of management experience.Strong financial and credit analysis capabilitiesStrong financial modeling capabilities Excellent presentation and communication skillsAbility to thrive in a fast-paced environment with multiple competing prioritiesCommitted and dedicated individual who will continuously improve the way the team worksSelf-motivated and willing to work in a deal oriented and deadline driven environmentExperience taking internal credit approval processes from start to finishExcellent understanding of GAAP accounting statements & principlesStrong work ethic, positive attitude, and professional demeanorAbility to work under pressure and set the right priorities in a dynamic, challenging and international environmentUnderstanding of risks associated with project financeKnowledge of Legal DocumentationProficient in MS Excel and WordOther:Case Study including writing sample and a debt modeling testReferencesSalary range: $250,000-300,000The salary range listed reflects base salary only. This role is eligible for participation in a discretionary bonus program. In 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 race, 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.ING Bank does not have a commercial banking license in the U.S. and therefore not permitted to conduct a commercial banking business in the U.S. Through its wholly owned subsidiary ING Financial Services LLC, and its affiliates, it offers a full array of wholesale products such as commercial lending and a full range of FM products and services.SummaryLocation: New YorkType: Full time