What are the responsibilities and job description for the Credit Risk Officer, VP position at ING Bank N.V.?
Transaction Approval & Advice| Vice President, Credit Officer | New York
About ING :
Ranked #8 on LinkedIn Top Companies in Financial Services
Crain’s 100 Best Places to Work
Ragan’s Top Places to Work in 2023
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:
TA&A New York is looking to support Front Office business ambitions by hiring a Credit Officer who will: (1) execute client transactions from origination to closing and (2) manage the credit risk of an assigned client portfolio. This person will work closely with Senior Credit Officers (SCOs), various assigned business units in transaction flow and formulating credit policy and articulating risk appetite. This is a Vice President level position. The department is responsible for the transaction approval process and portfolio risk management in the United States and the Americas region. This job entails some key responsibilities of a Senior Credit Officer (SCO) role, while recognizing the candidate will still be gaining necessary valuable experience to eventually advance to the SCO position.
About the department:
Transaction Approval & Advice (TA&A) based in New York City acts as the credit risk management group and second line of defense in support of the corporate lending business at ING Capital LLC which is the wholesale lending arm for ING Bank in the Americas.
Responsibilities:
Work with SCOs, Front Office teams and Credit Administration staff to manage the credit risk of designated credit portfolios
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
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
Help direct Quarterly Portfolio Review and Watchlist meetings and reports
Actively provide input on the development of relevant credit risk policies
Align ING New York credit policies and procedures with global frameworks for approval and monitoring of credit exposure
Stakeholder Management:
Develop and maintain relationships with management and other relevant internal and/or external stakeholders
Coordinate with audit staff, including external audit, Corporate Audit Services, SOX, as well as DNB and ECB activities
Qualifications and Competencies
Requirements:
5 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 transactions, preferably in the relevant products and sectors, with specific knowledge and experience with the United States and Americas markets
Excellent credit analysis skills
Bachelor’s degree or equivalent, with Engineering, 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
Strong knowledge of credit risk with working knowledge of counterparty and market risk.
Working knowledge of financial markets products including interest rate, commodity and FX derivative products, ISDA terms and negotiation
Competencies
Logical and well-reasoned level of thinking
Excellent written and verbal communication skills and fluent in English
Interaction and effective communication with internal departments and relevant external parties (clients, banks, advisors, audit) requiring persuasion and engagement by personal impact
Able to manage processes from a risk management perspective and have a strategic view on relevant risk drivers and mitigation
Ability to work under pressure and meet tight deadlines
Actively supports relevant internal counterparts in the preparation, structuring, documentation and booking of transactions
Actively contributes to the development of relevant credit risk procedures, risk models and drivers and monitors adherence to it
Salary Range: $153,000-$188,000
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 working from home, 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.
About ING :
Ranked #8 on LinkedIn Top Companies in Financial Services
Crain’s 100 Best Places to Work
Ragan’s Top Places to Work in 2023
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:
TA&A New York is looking to support Front Office business ambitions by hiring a Credit Officer who will: (1) execute client transactions from origination to closing and (2) manage the credit risk of an assigned client portfolio. This person will work closely with Senior Credit Officers (SCOs), various assigned business units in transaction flow and formulating credit policy and articulating risk appetite. This is a Vice President level position. The department is responsible for the transaction approval process and portfolio risk management in the United States and the Americas region. This job entails some key responsibilities of a Senior Credit Officer (SCO) role, while recognizing the candidate will still be gaining necessary valuable experience to eventually advance to the SCO position.
About the department:
Transaction Approval & Advice (TA&A) based in New York City acts as the credit risk management group and second line of defense in support of the corporate lending business at ING Capital LLC which is the wholesale lending arm for ING Bank in the Americas.
Responsibilities:
Work with SCOs, Front Office teams and Credit Administration staff to manage the credit risk of designated credit portfolios
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
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
Help direct Quarterly Portfolio Review and Watchlist meetings and reports
Actively provide input on the development of relevant credit risk policies
Align ING New York credit policies and procedures with global frameworks for approval and monitoring of credit exposure
Stakeholder Management:
Develop and maintain relationships with management and other relevant internal and/or external stakeholders
Coordinate with audit staff, including external audit, Corporate Audit Services, SOX, as well as DNB and ECB activities
Qualifications and Competencies
Requirements:
5 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 transactions, preferably in the relevant products and sectors, with specific knowledge and experience with the United States and Americas markets
Excellent credit analysis skills
Bachelor’s degree or equivalent, with Engineering, 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
Strong knowledge of credit risk with working knowledge of counterparty and market risk.
Working knowledge of financial markets products including interest rate, commodity and FX derivative products, ISDA terms and negotiation
Competencies
Logical and well-reasoned level of thinking
Excellent written and verbal communication skills and fluent in English
Interaction and effective communication with internal departments and relevant external parties (clients, banks, advisors, audit) requiring persuasion and engagement by personal impact
Able to manage processes from a risk management perspective and have a strategic view on relevant risk drivers and mitigation
Ability to work under pressure and meet tight deadlines
Actively supports relevant internal counterparts in the preparation, structuring, documentation and booking of transactions
Actively contributes to the development of relevant credit risk procedures, risk models and drivers and monitors adherence to it
Salary Range: $153,000-$188,000
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 working from home, 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.
Salary : $153,000 - $188,000
