Risk Management | Credit Risk Review | Director, Credit Risk Review | New York
About the position:
Collaboratively, execute effective, credible challenge to the credit risk management practices of 1st and 2nd Lines of Defense (LoD). Responsibilities will range from individual obligor and portfolio reviews to management of CRR teams as Reviewer-in-Charge (RIC). Required NYC-Midtown presence 3 days per week.
About the department:
Reporting to the Head of Credit Risk Review (CRR HoD), a CRR Director is sufficiently experienced to capably execute most business-as-usual functioning for the group. A Director will be capable of representing CRR in the absence of the CRR HoD or otherwise as needed.
Responsibilities:
- Collaborate with the CRR HoD to implement and continuously evolve the strategic vision for the function including the refinement of policies, frameworks, and methodologies.
- Promote culture of collaboration, high performance and continuous improvement through behavior and engagement.
- Balance collaborative engagement with 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 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.
- When acting as RIC, evaluate work of CRR team members to ensure high-quality and consistent outputs, undertaking primary evaluations of credit exposures and portfolios as necessary.
- Initiate Issue Validation Reviews to evaluate the effectiveness of management’s remedial actions to address CRR-identified formal issues.
- Act as a senior escalation point for complex or contentious reviews, providing balanced and well-informed judgments.
- Lead or assist with special projects as needed (e.g., CRR enhancement, credit risk postmortem, etc.).
Qualifications and Competencies
- Undergraduate degree
- 12+ year experience with wholesale credit risk management.
- Extensive experience with assignment of U.S. bank regulatory risk ratings
- Effective communication skills for presenting complex ideas to diverse stakeholders
- Sector Experience within Energy & Power (Upstream, Midstream, Downstream, Renewables, and Utilities) plus one or more of the following industries / product types: Asset Based Lending, Asset Securitizations, Commercial Real Estate, Funds Finance, Leveraged Lending, Mining, & Project Finance.
- Demonstrated experience with effectively challenging decision makers.
- A collaborative mindset with a focus on problem-solving and continuous improvement.
Preferred:
- Bank regulator/examiner experience.
- CRR team membership experience.
- Education – Graduate Degree or Chartered Financial Analyst Accreditation
Salary Range $216,000-273,000
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.
