Senior Credit Risk Officer

At ING we are looking for Senior Credit Risk Officer Your role and work environment: We are looking for a talented and enthusiastic Senior Credit Risk Officer to join our Credit Risk Team Wholesale Banking Spain & Portugal (based in Madrid).
The responsibility of this team is the advice and decision making of tailored (lending) transactions for our key WB Sector and Lending clients and supporting these clients in their success whilst safeguarding the risk appetite of the bank. The credit risk managers have a deep understanding of credit structuring, credit risk and businesses & markets, next to the assessment of related risks like ESG, compliance and climate risk. In addition to the asset-by-asset approval process, the Credit Risk Team manages the portfolio on the strategic direction in terms of risk appetite and portfolio steering in sectors and products. It is also engaged in other initiatives covering the wider credit strategy of ING (sector analysis, risk appetite direction, Leveraged Transactions, reporting, climate change).
Our way of working is dynamic, closely working with local Front Office and other Risk Managers across the bank, covering several sectors (a.o. Energy, Infra, Food&Agri, TMT, Real Estate) and products (a.o. Acquisition Finance, Project & Object Finance….). Focused on taking responsible credit risks, stepping in for each other where needed. The timelines of requests are usually demanding hence flexibility and a 'can do' mentality is important. The team consists of 6 FTE. Your position will be based in Madrid, and you will report to the team lead.
Your key responsibilities: As a Senior Credit Risk Officer, you will be responsible for advising and managing client transactions from origination to closing from a credit risk perspective, in balance with a sound commercial sense. Recommending (to the final approval authority) or deciding on credit risk proposals of different sectors and products within ING's risk appetite. This includes the assessment of credit quality of customer (internal rating), analysis of business model, transaction structure, review of historical financials and business plan. Ensuring the quality, policy compliance and consistency of the credit application prepared by Front Office. Review of the final documentation to make sure it meets approval conditions.
You will further be responsible for proactive portfolio monitoring (anticipating and managing risk migration), for ensuring ongoing compliance with ING internal policies, regulation and controls. You will also participate in local and/or global projects, and actively provide input in relevant risk policies and reports;
What are we looking for? Want to know if this job is made for you? These are some of the qualities that we value the most for this role. And if the shoe fits… don't hesitate to apply!
We look for a pro-active, dedicated, and independent thinker; a decision maker with a proven ability to work under pressure in an international and demanding environment; a strong team player.
Professional experience: >10 years (equivalent to a senior VP / junior Director in FO) in Corporate Banking / Lending.
Technical Skills:
Able to perform sound financial analysis of individual and consolidated accounts on large and mid-sized Corporates under different accounting principles (IAS, IFRS).
Sound knowledge of cash flow-based modelling and sensitivity analysis.
Knowledge of Corporate Banking products and transaction structures (including term loans, revolving credit facilities, factoring, confirming, performance and financial bonds, letters of credit) as well as acquisition finance structures.
Sound understanding of different sectors / industries dynamics; key aspects of regulatory frameworks (incl. Basel IV); assessment of customer competitive position within its industry.
Experience in reviewing all legal documentation for transactions alongside Front Office and Legal Advisors.
Understanding of key credit risk metrics: RWA, EAD, LDG, ECL, etc.
Fluent English (read, speak, and write).
Capabilities:
Rigorous, high attention to detail, research skills / mind-set
Highly responsible and reliable; strong commitment to make a quality and timely delivery.
Ability to handle high workload under time pressure / stressful situations. Flexibility to adapt to a dynamic environment
Ability to work on an autonomous manner but being able to timely raise flags/questions when needed. Anticipation rather than reactive approach
Ability to manage conflicts with Front Office, solve problems and make decisions.
Team player- willingness to help others.
Personality: Candidate must have a good personal fit with the rest of the team. This is of top importance to build a truly teamwork environment and a high-performance team.
What do we offer? The time you spend at work, the challenges you face or the lessons you get are very important, but… What about your personal life? At ING we want your work to fulfill you in every way, and that is why we take care of even the smallest details.

Check out what is waiting for you!
Be flexible my friend. Our model is all about flexibility and accountability. Keeping both our customers and our colleagues needs in mind, you determine together which days you work at home and which you come to ING MAD to offer your best self.
Restaurant card. So that thinking about what to have for lunch doesn't take up your time or your cravings.
Health insurance. For you and all your family (spouse/partner and children).
Life insurance. We help you protect what matters most to you.
Flexible remuneration. In addition, you will enjoy our flexible remuneration model, through a more tax-advantaged way, you will be able to access other services such as nursery, transport card, training aids…
Free company shuttle. It doesn't matter where you live. We have 6 routes (North, Central, South, A5, A42 and A6) to get you to our ING office in Madrid comfortably.
Banking benefits. Special loans with more beneficial conditions.
Special mortgage conditions after 6 months working at the bank.
And you can benefit from our pension plan after 1 month with us!
More vitality and more belonging 360º care of the employee (physical, mental, social connection & purpose).
Physiotherapy service on site.
Runners club with your own trainer.
Clinics with professional, world-class athletes.
Gympass service.
Employee Networks: Rainbow Lions (LGBTQI+) & Leonas.
Get to know Us We are a team of more than 1600 people sharing one idea: doing our bit in helping our clients create a better future for themselves, by providing them with the tools they need to get where they want to go.
A fully online bank where technology, innovation, simplicity and transparency are the main ingredients, and the first one to work with agile methodologies.
And although we are based in Spain, we are lucky to work in an international bank with presence in more than 40 countries. We are proud to have a diverse team and we are committed to continue developing a culture of Diversity, Inclusion and Belonging to foster a culture of collaboration and innovation that represents all collectives in the society. And even though we look orange on the outside, we are green on the inside. Our ambition in Sustainability is Empowering (y)our Sustainability journey. We are embarking on our path, for us, but we are also there for when our clients decide to embark on this journey.
Making things happen, helping others be successful, always being one step ahead—that's our DNA. If you look at yourself in the mirror and your reflection matches our way of being and working…we are looking forward to meeting you!

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