Portfolio Management - Vice President

ING Hubs B.V. Amsterdam - Sucursala Bucuresti; New York (NY); On-site; USD 180,000 - 240,000; Full time

Job summary

ING is seeking a Vice President in Portfolio Management in New York, responsible for managing the Project Finance loan portfolio focused on credit monitoring and analytics. The role necessitates strong financial skills, leadership, and the ability to handle multiple priorities. Candidates should have over 6 years of experience in finance or related fields and a BA/BS degree, preferably with CFA certification. Join a company that values diversity and innovation, contributing to a workplace where your talent can shine.

Benefits

Comprehensive health benefits

Generous 401k savings plan

Competitive PTO

Adoption, surrogacy, and fertility services

Student debt assistance

Subsidies for remote work expenses

Commuting and fitness subsidies

Qualifications

• Minimum of 6 years of relevant experience.
• Strong financial and credit analysis capabilities required.
• Ability to thrive in a fast-paced deal-oriented environment.

Responsibilities

• Manage Project Finance loan portfolio with emphasis on credit monitoring.
• Analyze credit migration trends and prepare Credit Risk Management portfolio reviews.
• Coordinate with relationship managers and sector specialists on credit trends.

Skills

Financial analysis

Credit analysis

Financial modeling

Presentation skills

Communication skills

Education

BA/BS in finance/economics/accounting/management/engineering

CFA

Tools

MS Excel

MS Word

Job description

Portfolio Management - Vice President page is loaded

Portfolio Management - Vice President

Apply locations New York time type Full time posted on Posted 30+ Days Ago job requisition id REQ-10090327

Core Information:

Corporate Title: Vice President

Department: Portfolio Management

Status: Full-time

About ING:

Ranked #8 on LinkedIn Top Companies in Financial Services

Crain’s 100 Best Places to Work

Ragan’s Top Places to Work in 2023

ING’s purpose is ‘Empowering people to stay a step ahead in life and in business’. Every ING colleague contributes to that vision. We champion self-reliance and foster a collaborative and innovative culture. The Orange Code is our global manifesto for how we stay true to our purpose and our tradition of reinvention and empowerment. It is made up of ING Values (we are honest; we are prudent; we are responsible) and ING Behaviors: (you take it on and make it happen; you help others to be successful; you are always a step ahead).

For us, success will only be achieved if we act with Integrity.

Some companies see diversity as a box to be ticked. We see it as fundamental to our success and we encourage a proper work/life balance. At ING, you will be judged on your performance in line with the Orange Code. And that’s a promise.

The Opportunity:

This role is a member of a team that comprises the critical portfolio management and reporting foundation of all lending origination and underwriting activity.

As a Vice President in this team your primary responsibility will be the ongoing management of the Project Finance loan portfolio, with an emphasis on credit monitoring, analytics and internal reporting. You will have portfolio management responsibilities for a portfolio of project finance loans. This is a leadership position and will require coordination between sector specialists, off-shore portfolio support teams, risk management and junior members of the team.

Main Duties and Responsibilities of Role:

• Actively manage all facets of the daily operations of the identified portfolio, including but not limited to:
  • Routinely analyze the credit migration trends of the portfolio and individual names;
  • Idea generation for value added cross buy or client opportunities;
  • Quarterly and annual credit reviews;
  • Prepare quarterly Credit Risk Management (“CRM”) portfolio reviews;
  • Process amendment and waiver requests, write or review credit modifications, submit to risk and address Q&A, follow-up on the required legal amendments to the documentation until execution;
  • Track compliance of financial covenants and other reporting covenants such as construction/ operating reports, insurance, etc.;
  • Review annual risk rating updates prepared by an administrative support team;
  • Oversee and prepare collateral monitoring reports;
  • Prepare and maintain reports as requested by regulators, rating agencies and other external parties;
  • Maintain various department and industry databases/trackers;
  • Maintain internal portfolio tracking metrics;
  • Respond to ad hoc internal requests on portfolio composition and exposure;
  • Coordinate and work with offshore portfolio support teams
• Diligent and proactive credit monitoring through the review of all covenanted financial and project information (e.g. financial models, Borrower and Adviser operational / construction progress reports) as well as compliance with all regular reporting activities in line with the bank’s policy and procedures
• Take an acive role in oversight and development of the junior project finance team members
• Interface with relationship managers and sector specialists to ensure an active dialogue on credit trends, challenges and opportunities with individual borrowers
• Responsible for the accurate internal system processing (Vantage) including GRID, FINAN, TSC, Risk Rater
• Monitor and identify market developments and proactively manage their potential impact on the portfolio
• Support Team Lead and coordinate between Portfolio Management/ Origination in order to ensure timely and accurate response to internal (CAS) and external regulatory controls and audits by providing the required insights, reports and samples and by participating in the dialogue if so requested
• Stay up-to-date on organizational operating policies and procedures (i.e. Risk, Legal, etc.) to ensure appropriate protocols are implemented and followed, and facilitate accordingly
• Coordinate with KYC/CDD team
• Assist the team in the execution of new transactions, amendments and refinancings on an as-needed basis

Profile:

Qualifications / Education:

BA/BS in finance/economics/accounting/management/engineering (or similar); CFA a plus

Experience / Knowledge:

• Minimum of 6 years of relevant experience

Competencies:

• Strong financial and credit analysis capabilities
• Strong financial modeling capabilities
• Excellent presentation and communication skills
• Ability to thrive in a fast-paced environment with multiple competing priorities
• Committed and dedicated individual who will continuously improve the way the team works
• Self-motivated and willing to work in a deal oriented and deadline driven environment
• Experience taking internal credit approval processes from start to finish
• Excellent understanding of GAAP accounting statements & principles
• Understanding of risks associated with project finance
• Knowledge of Legal Documentation
• Proficient in MS Excel and Word

Other:

• Case Study including writing sample and a debt modeling test
• References

Base Salary Range: $180K - $240K

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 working from home, commuting, and fitness.

ING is a committed equal opportunity employer. We welcome applicants of diverse backgrounds and hire without regard to color, 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.

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