Risk Management | Credit Risk Review | Vice President – Credit Risk Review | New York
About 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. 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:
Collaboratively, execute effective, credible challenge to the credit risk management practices of 1st and 2nd Lines of Defense (LoD). Responsibilities are focused on individual obligor and portfolio reviews. Required NYC-Midtown presence on average 3 days per week.
About the department:
Reporting to the Head of Credit Risk Review (CRR HoD), a CRR Vice President is sufficiently experienced to capably execute CRR business-as-usual functions such as Target Reviews, Continuous Monitoring, and Risk Assessments. A Vice President (VP) will be capable of representing CRR regarding their assigned sectors as SME, individual obligor challenges, and areas of interest arising from target reviews.
Responsibilities :
- Balance collaborative engagement with 1st and 2nd LoD credit risk managers and effective, credible challenge of practices.
- Willing and able to develop credit risk management opinions that appropriately and successfully challenge the status quo.
- As SME, undertake Risk Assessments and Continuous Monitoring to review assigned portfolios, independently identifying the credit risk profile and anticipated changes, while also evaluating compliance with internal policies and regulatory expectations.
- Develop and refine sector and/or product-type expertise and perspective to support credibility of the CRR challenge to 1st and 2nd LoD credit risk managers.
- Execute Target Reviews/Examinations of individual obligors for alignment with bank credit risk standards including accurate and timely credit risk rating designations.
- Initiate Issue Validation Reviews to evaluate the effectiveness of management’s remedial actions to address CRR-identified formal issues.
- Consistently collaborate with CRR team members to reach balanced and well-informed judgments including potentially providing intra-team quality control.
- Lead or assist with special projects as needed (e.g., CRR enhancement, credit risk postmortem, etc.).
Qualifications and Competencies
- 6-7+ years' experience with wholesale credit risk management.
- Extensive experience with assignment of U.S. bank regulatory risk ratings.
- Effective communication skills for presenting credit opinions and concerns challenging risk owners and managers.
- Experience with one or more of the following industries / product types: Asset Based Lending, Asset Securitizations, Commercial Real Estate, Energy/Power, Funds Finance, Leveraged Lending, Mining, & Project Finance.
- Experience effectively challenging decision makers.
- A collaborative mindset with a focus on problem-solving and continuous improvement.
- Education – Undergraduate Degree.
Preferred:
- Bank regulator/examiner experience.
- CRR team membership experience.
- Data management aptitude.
- Education – Graduate Degree or Chartered Financial Analyst Accreditation
Salary Range $157,000-198,000
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 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.
Skills Required
- 6-7+ years' experience with wholesale credit risk management
- Extensive experience with assignment of U.S. bank regulatory risk ratings
- Effective communication skills for presenting credit opinions and concerns
- Experience with industries such as Asset Based Lending, Commercial Real Estate, etc.
- Collaborative mindset focused on problem-solving
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
