Senior Credit Officer

ING Wholesale Banking in Singapore

We began operating in Singapore in 1987 where we host the regional Asia Pacific headquarters. With over 300 financial experts, we are the largest wholesale banking branch in Asia. ING stands out in the Asia Pacific region because we go a step further for our customers. We look at things from the client’s perspective which allows us to construct tailor-made solutions to fit the needs of every company we serve. This mentality underpins all our client relations and has produced various prestigious awards.

Overview:

As part of the regional Credit Risk function, Transactional Approval & Advice (“TA&A”) acts as the second line of defence on transactions with ING’s corporate clients originated by our Sectors, Lending, Transaction Services, Financial Markets and CM&A teams in Asia. The Senior Credit Officers (SCOs) in this team 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, SCOs have a delegated approval authority to manage their portfolios and they advise senior management on the strategic direction in terms of risk appetite and portfolio steering in sectors and products.

Opportunity:

TA&A is looking to support Front Office business ambitions by hiring a Senior Credit Officer who will be responsible for (1) executing client transactions from origination to closing and (2) managing the credit risk of an assigned client portfolio. The SCO is the primary point of contact for her/his portfolio, exhibits deep specialised knowledge on the relevant sectors, markets and/or products and safeguards the risk appetite of the bank in balance with a sound commercial sense. This person will work with various business units with specific responsibility for the Telecom, Media, Technology & Healthcare (“TMTH”) and Mining, Metals and Fertilizers (“MMF”) sector portfolios. This is a Director level position that will report to the Head of TA&A – Asia.

Responsibilities

Advise on or approve credit proposals as presented by deal teams in the region in line with delegated authority and manage exposure within RAS boundaries, policy and regulatory requirements.
Guide and develop junior personnel within TA&A to maximize their potential and ensure efficiency & effectiveness.
Coordinate implementation of various global and regional regulatory commitments in the credit risk space.
Proactively share and manage risk appetite with First Line to maintain a common risk culture.
Continuous attention for compliance, non-financial risk, ESG risk and adherence to minimum standards regarding data quality, overdue reviews, compliant ratings and SOx.

Requirements

You are an Orange Code ambassador
10+ years’ experience within Wholesale Banking front office and/or credit risk, with expert knowledge of lending products (and documentation) and working knowledge of financial markets products (and documentation).
Good understanding of the TMTH and MMF sectors, preferably with experience in Asia and/or emerging markets clients and transactions.
Well versed on regulatory developments affecting lending, capital requirements and compliance matters.
Proven ability to take the lead, communicate effectively across the three lines of defense and take decisions under pressure.
Gravitas to deal with senior management, auditors and regulators.
Results oriented, dedicated and have flexibility to adapt well to a dynamic working environment with high level of integrity, sense of urgency, attention to detail and quality standards.
Bachelor’s degree or above in Finance, Economics, Law or Engineering.
You will have to confirm you understand and acknowledge the requirements for this role as a Material Risk Personnel as set out in the Guidelines on Individual Accountability and Conduct (IAC) issued by the Monetary Authority of Singapore in 2021. In addition, the SCO will be an Identified Staff as defined in ING’s Remuneration Regulations Framework

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