Vice President, Portfolio Management at ING | NY, US | Rezi

Vice President, Portfolio Management at ING

Vice President, Portfolio Management

ING · NY, US

1 weeks ago

Vice President, Portfolio Management

ING · NY, US

13 days ago
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About the Role

This position offers the opportunity to help manage a dynamic multi-billion dollar corporate and leveraged finance portfolio across various verticals. You will work closely with our sponsor and industry specific sector coverage teams, risk management, capital markets, financial markets, and our portfolio analytics team. The position requires a self-starter to manage transactions and guide projects independently and someone who can effectively operate at various levels of seniority in different situations.

Responsibilities

  • Assume the role of a senior banker performing all aspects of managing a large portfolio of senior secured loans for primarily sub-investment grade clients while mentoring and training the junior bankers.
  • Lead execution and negotiation of post-origination transactions such as amendments, waivers, refinancing, and occasionally workouts / restructurings.
  • Oversee preparation of borrower analytics including financial updates, financial modeling, credit approval packages, market comparables and quarterly reporting statements.
  • Ongoing portfolio management responsibility for a group of selected accounts – monitoring and tracking credit performance, quarterly / annual reviews, regulatory and internal risk rating updates, etc.
  • Interpret and negotiate legal documentation while staying up to date on latest market trends.
  • Identify new business opportunities with existing clients, e.g. recommend Financial Market products.
  • Assist in handling internal system processing and KYC/CDD data gathering and processing where necessary.
  • Collaborate with Relationship Managers, Risk Management, Compliance and Loan Operations teams.

Requirements

  • Hold at least a Bachelor’s Degree in Economics / Finance / Accounting / Mathematics with excellent results.
  • Have previously received credit training and have a solid understanding of debt products.
  • 5+ years of corporate and / or leveraged lending plus loan portfolio management experience from a US regulated bank considered for Vice President.
  • Advanced understanding of transaction structuring and legal documentation.
  • Formal credit training is a plus.
  • Able to work independently with minimal oversight.
  • Experience taking internal credit approval processes from start to finish.
  • Excellent understanding of GAAP accounting statements & principles.
  • Understand debt structuring and able to make recommendations when appropriate.
  • Excel spreadsheets: three statement financial modeling skills are a must.
  • Possess strong communication skills – writing sample required.
  • Have strong credit skills – understand how to properly analyze risk.
  • Highly detailed in your work.
  • Self-motivated and willing to work in a deal oriented and deadline driven environment.
  • Able to manage and prioritize competing demands.
  • Desire to work in a collaborative manner in contribution toward team objectives.
  • Assist in developing junior talent and promote best practices.

Skills

  • Financial modeling
  • Credit analysis
  • Transaction structuring
  • Legal documentation negotiation
  • Portfolio management
  • Communication skills
  • Risk analysis
  • Attention to detail
  • Time management
  • Collaboration

Location

  • NYC

Work Type

  • Full-time

Experience Level

  • Vice President
  • 5+ years

Education Level

  • Bachelor’s Degree in Economics / Finance / Accounting / Mathematics
  • Advanced degree (plus)
  • CFA (plus)

Salary/Compensations

  • $185,000-$240,000 (base salary)
  • Eligible for discretionary bonus program

Benefits

  • Comprehensive health benefits
  • Generous 401k savings plan
  • Competitive PTO
  • Adoption, surrogacy, and fertility services
  • Student debt assistance
  • Subsidies for commuting and fitness expenses

About the Company

  • 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.
  • ING fosters a culture where individuality is encouraged, promoting a fun, friendly, and supportive environment.
  • The company provides freedom to take risks, think differently, and take ownership, with global network opportunities for career development.
  • 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.

Equal Opportunity

  • 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.