Title: Directors, Transaction Approval and Advice Management
Employer: ING Financial Services, LLC
Location: New York, NY
Salary range: $212,000 - $273,000
Job Description:
Serve as Local Risk Manager for ING’s Trade & Commodity Finance, as well as Senior Credit Officer for Telecom, Media and Technology business. Provide independent credit-risk oversight for complex structured-lending transactions. Apply mandate authority to review, advise, and approve transactions including borrowing-base, pre-export, repo, and inventory finance facilities- ensuring compliance with ING’s global credit-policy framework, U.S. regulatory standards, and established risk-appetite statements. Coordinate with Front Office, Deal Administration, and internal control functions to evaluate credit quality, collateral adequacy, and exposure limits. Interpret and implement group risk policies issued from Amsterdam, aligning regional practices with ECB/DNB oversight and US governance requirements (SOx, Audit). Direct quarterly portfolio review and watch-list processes, complete risk ratings, monitor emerging credit or market risks, and mentor junior relationship managers and analysts on risk policy and structured-finance principles. Represent Risk in cross-functional committees, contributing to development of sector-specific risk-appetite and credit-guideline frameworks for the Americas franchise.
Minimum Requirements:
Bachelor’s degree or foreign equivalent in any field and 7 years of risk management experience in any occupation involving Wholesale Banking industry. Experience must include: minimum 5 years of experience as a Risk Manager: credit risk management processes, systems and concepts including risk identification, analyzing client, sector, and transaction-specific exposures to pinpoint emerging credit, market, and structural risks; originating and executing complex lending transactions in various sectors in domestic US and international markets; regulatory processes affecting lending, capital requirements and compliance matters; counterparty and market risk and non-financial risk; financial markets products including interest rate, commodity and FX derivative products, ISDA terms and negotiation; coordinating with internal departments and relevant external parties including clients, other banks, advisors, and audit; overall risk management responsibility for lending, financial markets, operation, compliance and market; managing all relevant internal processes from a risk management perspective; formulating sector-product specific risk appetite for an assigned portfolio; credit quality and borrower performance in the portfolios; interacting as primary counterpart of Front Office account managers, Deal Principals and senior management on all matters related to credit risk; providing strategic view on relevant risk drivers and mitigation; supporting internal counterparts in the preparation, structuring, documentation and booking of transactions; ensuring compliance of transaction structure and documentation in line with credit approval; contributing to the development of credit risk procedures, risk models and drivers and monitoring adherence; and representing risk in intra-departmental projects. #LI-DNI
Skills Required
- Bachelor's degree or foreign equivalent
- 7 years of risk management experience in Wholesale Banking
- Minimum 5 years of experience as a Risk Manager
- Experience with credit risk management processes, systems and concepts including risk identification and exposure analysis
- Experience originating and executing complex lending transactions in domestic US and international markets
- Knowledge of regulatory processes affecting lending, capital requirements, and compliance matters
- Experience with counterparty and market risk and non-financial risk
- Familiarity with financial markets products including interest rate, commodity and FX derivatives
- Experience with ISDA terms and negotiation
- Ability to coordinate with internal departments and external parties including clients, other banks, advisors, and audit
- Overall risk management responsibility for lending, financial markets, operations, compliance and market
- Experience managing internal processes from a risk management perspective
- Formulating sector-product specific risk appetite for an assigned portfolio
- Monitoring credit quality and borrower performance in portfolios
- Act as primary counterpart to Front Office account managers, Deal Principals and senior management on credit risk matters
- Provide strategic view on relevant risk drivers and mitigation
- Support preparation, structuring, documentation and booking of transactions
- Ensure compliance of transaction structure and documentation with credit approval
- Contribute to development of credit risk procedures, risk models and monitoring adherence
- Represent risk in intra-departmental projects
What We Do
ING is a pioneer in digital banking and on the forefront as one of the most innovative banks in the world. As ING, we have a clear purpose that represents our conviction of people’s potential. We don’t judge, coach, or tell people how to live their lives. However big or small, modest or grand, we empower people and businesses to realise their vision for a better future. We made the promise to make banking frictionless, removing barriers to progress, and make people confident in their financial decisions. As a global bank we have a huge opportunity – and responsibility – to make an impact for the better. We can play a role by financing change, sharing knowledge, and innovating. Being sustainable is in all the choices we make—as a lender, as a partner and through the services we offer our customers
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