Vice President, Portfolio Management

Lending | Leveraged & Structured Corporate Finance Portfolio Management | Vice President |NYCAbout ING:In 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.Sound like the kind of place you’d feel at home? We’d love to hear from you.About the position: This position offers the opportunity to help manage a dynamic multi-billion dollar corporate and leveraged finance portfolio across various verticals. You will work closely with our sponsor and industry specific sector coverage teams, risk management, capital markets, financial markets, and our portfolio analytics team. The position requires a self-starter to manage transactions and guide projects independently and someone who can effectively operate at various levels of seniority in different situations.About the department:L&SC PM is part of a global portfolio management platform and a pillar of Lending’s capital strategy. The team is considered experts on the individual borrowers and relevant industry subject matter.Responsibilities:You will assume the role of a senior banker performing all aspects of managing a large portfolio of senior secured loans for primarily sub-investment grade clients while mentoring and training the junior bankers.Lead execution and negotiation of post-origination transactions such as amendments, waivers, refinancing, and occasionally workouts / restructuringsOversee preparation of borrower analytics including financial updates, financial modeling, credit approval packages, market comparables and quarterly reporting statements.Ongoing portfolio management responsibility for a group of selected accounts – monitoring and tracking credit performance, quarterly / annual reviews, regulatory and internal risk rating updates, etc.Interpret and negotiate legal documentation while staying up to date on latest market trendsIdentify new business opportunities with existing clients, e.g. recommend Financial Market productsAssist in handling internal system processing and KYC/CDD data gathering and processing where necessaryCollaborate with Relationship Managers, Risk Management, Compliance and Loan Operations teamsQualifications and CompetenciesYou hold at least a Bachelor’s Degree in Economics / Finance / Accounting / Mathematics with excellent results. An advanced degree and/or a CFA is a plus.You have previously received credit training and have a solid understanding of debt products5+ years of corporate and / or leveraged lending plus loan portfolio management experience from a US regulated bank considered for Vice PresidentAdvanced understanding of transaction structuring and legal documentationFormal credit training is a plusAble to work independently with minimal oversightExperience taking internal credit approval processes from start to finishExcellent understanding of GAAP accounting statements & principlesUnderstand debt structuring and able to make recommendations when appropriateExcel spreadsheets: three statement financial modeling skills are a mustYou possess strong communication skills – writing sample requiredYou have strong credit skills – understand how to properly analyze riskYou are highly detailed in your workYou are self-motivated and willing to work in a deal oriented and deadline driven environmentYou are able to manage and prioritize competing demandsYou desire to work in a collaborative manner in contribution toward team objectivesYou assist in developing junior talent and promote best practicesSalary Range $185,000-$240,000 The 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