Risk | Global Credit Restructuring | Director, Credit Risk Management | New York About ING: In the 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: Senior Credit Restructuring Officer capable of developing recovery strategies for classified loans and representing the institution in negotiations with borrowers and other lender classes to effectuate the successful implementation of our strategy. The candidate must have proven negotiating skills. The candidate will also interface with regulators and auditors who regularly examine our loan loss provisioning process. While the candidate will operate under the supervision of the Regional Head of Credit Restructuring, he/she is expected to operate independently on a day-to-day basis. About the department: Global Credit Restructuring (GCR) takes responsibility for finding solutions for large customers in difficulty, acting as the restructuring knowledge center for ING Bank. Our objective is to preserve principal, maximize recovery and determine a strategy which best benefits ING Bank and its customers. GCR is also responsible for ING Bank's Loan Loss Provisioning process. Responsibilities : Lead the management and resolution of complex stressed, distressed, criticized and non-performing credit exposures, developing and executing strategies designed to minimize credit losses and maximize recovery while appropriately balancing risk, return, liquidity and legal considerations. Assume end-to-end ownership of assigned problem-credit situations, from early identification and transfer to restructuring/workout through stabilization, restructuring, refinancing, exit, sale or recovery. Develop, recommend and execute restructuring and recovery strategies across consensual and non-consensual situations, including amendments, waivers, forbearance arrangements, maturity extensions, covenant resets, recapitalizations, refinancing, asset sales and other balance-sheet solutions. Lead negotiations with borrowers, sponsors, shareholders, lenders and other creditor groups, working closely with internal and external legal counsel, financial advisers and restructuring professionals on complex multi-stakeholder situations. Manage in-court and out-of-court restructuring and insolvency processes, including U.S. Chapter 11 situations where relevant, evaluating recovery alternatives, capital structures, collateral positions and creditor rights to determine the optimal course of action. Perform and challenge detailed financial and credit analysis, including liquidity and cash-flow forecasts, enterprise valuation, collateral analysis, capital structure, debt capacity, downside scenarios and recovery analysis to support restructuring decisions and approval requests. Determine and recommend appropriate internal credit classifications, risk ratings and workout strategies for deteriorating exposures, ensuring timely identification, escalation and documentation of credit deterioration. Assess expected credit losses, impairment and provisioning requirements under applicable accounting frameworks, including IFRS 9 and U.S. GAAP in partnership with Finance, Risk and other control functions. Ensure management of U.S. problem credits is consistent with applicable Federal Reserve and other U.S. banking supervisory expectations, including requirements relating to asset quality, classification of credits, credit-risk review, criticized assets and allowance for credit losses. Maintain robust documentation supporting credit classifications, restructuring decisions, valuations, recovery assumptions and allowance conclusions. Prepare and present restructuring strategies, credit recommendations and approval requests to senior management and relevant credit committees, articulating key risks, alternatives, expected recoveries, downside scenarios and recommended actions. Coordinate closely with Front Office, Credit Risk, Legal, Finance, Loan Operations and other stakeholders to ensure restructuring transactions are appropriately approved, documented, implemented and monitored. Support portfolio-level management of criticized and non-performing exposures, identifying emerging risks, concentrations and recurring themes and providing clear reporting and escalation to senior management. Contribute to the continuous enhancement of restructuring, problem-credit and recovery frameworks, including policies, governance, documentation standards, management information and readiness for internal, external and regulatory review. Qualifications and Competencies 10+ years of relevant experience in corporate credit, leveraged finance, restructuring, special assets, workout or distressed credit, including experience managing complex stressed and non-performing corporate exposures. Demonstrated experience developing, negotiating and executing restructuring and recovery strategies across in-court and out-of-court situations, with a track record of independently managing complex creditor negotiations. Strong technical and practical knowledge of credit risk, restructuring and recovery analysis across a range of industries and financing structures. Experience may include Project Finance, Energy and Infrastructure, Acquisition/Leveraged Finance, Healthcare, Media & Technology, General Industries, Asset-Based Lending, and Trade & Commodity Finance. Strong working knowledge of the U.S. Bankruptcy Code, particularly Chapter 11, and practical understanding of creditor rights, intercreditor dynamics, priority and collateral considerations, insolvency proceedings and restructuring alternatives. Experience evaluating and negotiating restructuring solutions including, as applicable, amendments and waivers, covenant resets, maturity extensions, recapitalizations, collateral enhancement, debt restructurings and exit/refinancing solutions. Advanced ability to analyze stressed and distressed borrowers, including financial statement analysis, integrated financial modeling, liquidity and cash-flow forecasting, downside and sensitivity analysis, enterprise and collateral valuation, and recovery analysis. Experience recommending risk ratings, impairment/provisioning outcomes and collateral valuations, supported by clearly documented credit analysis and judgment. Working knowledge of IFRS 9/US GAAP and expected credit loss concepts; familiarity with the governance and control requirements applicable to criticized and impaired credits. Proven negotiation skills and sound independent credit judgment, with the ability to represent the Bank effectively in complex discussions with borrowers, sponsors, lenders, financial and legal advisers and other stakeholders. Strong written and verbal communication skills, including the ability to present complex credit and restructuring recommendations clearly and persuasively to senior management and credit committees. Ability to work independently, prioritize multiple complex situations and make timely decisions in high-pressure and rapidly evolving circumstances. Commitment to developing colleagues and strengthening restructuring capabilities. 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 (including a $0 premium medical plan with HSA), 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. We’re a global bank with a strong European base, and our more than 60,000 colleagues serve around 38 million customers and corporate clients in over 40 countries. Joining ING means working with friendly and collaborative people towards making a positive impact on people and planet. We believe in empowering the people around us and our customers to stay a step ahead. Working here means having the autonomy to drive progress, helping to create superior customer value and contributing to our ambition of putting sustainability at the heart of everything we do. Here, we’re more than just a workplace – we’re a community of innovators, problem-solvers, and forward-thinkers, dedicated to making a real impact. Whether you’re just starting your career or seeking the next big challenge, we have opportunities that will inspire and push you to grow. Your future at ING starts with one application. Ready to join? We’ve got plenty of opportunities to match your skills and aspirations! Use the filters below the search bar – like location and job type – to help you find the perfect fit. Start exploring now and discover where your next career move could take you!

Director, Credit Risk Management.

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