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Senior Credit Officer

ingNew York, NY

today

Occupations

Credit AnalystsLoan OfficersFinancial Risk Specialists

Industries

Commercial BankingOther Activities Related to Credit IntermediationInternational, Secondary Market, and All Other Nondepository Credit Intermediation

$200,000 - $273,000 per year

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About the role

Director, Senior Credit Officer Transaction Approval & Control (TA&C) 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/their 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 Transportation & Logistics portfolio covering the automotive, railroads, shipping, containers subsectors. This is a second line of defense Director level position that will report to the Head of TA&C – New York.
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.
  • Complete Regulatory Risk Ratings in accordance with ING policy and regulatory expectations in a timely fashion.
  • 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 portfolio.
  • Stakeholder Management: Develop and maintain relationships with (senior) management and other relevant internal and/or external stakeholders.
  • Advise, align and coordinate credit risk appetite with Global SCO for T&L sector.
  • 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.
  • Qualifications and Competencies
Requirements:
  • 8+ 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 Transportation and Logistics transactions within the United States and Americas markets
  • Knowledge of asset-based lending (ABL) and IG corporate structures
  • 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
Competencies:
  • Logical and well-reasoned level of thinking
  • Excellent communication skills, and fluent in English
  • Persuasion and engagement by personal impact
  • Able to manage processes from a risk management perspective
  • Has a strategic view on relevant risk drivers and mitigation, and is recognized by relevant counterparts as an authority within field(s) of expertise
Salary range: $200,000-$273,000 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.

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JOB OVERVIEW

Salary

$200,000 - $273,000 per year

Experience level

Manager

Location

New York, NY

Occupation

Credit Analysts

Industry

Commercial Banking

Posted

today

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