Head of Portfolio Management – Borrowing Base & Fund Finance

Lending | Portfolio Management – Borrowing Base & Fund Finance | Group Head | New York

About ING:

Ranked #8 on LinkedIn Top Companies in Financial Services and named to Crain’s 100 Best Places to Work

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.

Sound like the kind of place you’d feel at home? We’d love to hear from you.

About the position:

This role is manager of a team that comprises the critical portfolio management and reporting foundation of all structured working capital loans booked in the Americas. This portfolio is comprised of loans that use borrowing bases including the Fund Finance subscription and portfolio leverage loans. 

As the leader of this team, your primary responsibility will be the ongoing management of the structured working capital loan portfolio (borrowing base and fund finance transactions), with an emphasis on credit monitoring, analytics and internal reporting. This is a leadership position and will require coordination between sector specialists, offshore portfolio support teams, risk management and junior members of the team.

Responsibilities:

• 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;
  • 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 preparation of 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
• Lead a team, including team leads, which involves all aspects of people management such as recruitment, job training, individual development plans, job diversification, work load balancing and career path monitoring
• Oversee multiple PMs on a project-basis to ensure proper training and development to ensure the success of efforts within their remit
• Responsible for the accurate internal system processing (Vantage) including GRID, FINAN, TSC, Risk Rater
• Interface with relationship managers and sector specialists to ensure an active dialogue on credit trends, challenges and opportunities with individual borrowers
• Monitor and identify market developments and proactively manage their potential impact on the portfolio
• Coordinate with origination and Transaction Management teams 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
• Implement of strategic initiatives, including enhancements to the credit m