ING Hiring for Risk Officer Transaction Approval at Amsterdam Full Time

The Transaction Approval & Advice (‘TA&A’) department within the Domestic Bank NL Risk domain is responsible for the analysis, advice and decision making of tailored (lending) transactions for our key Dutch Mid Corporate (Midcorp) and Wholesale Banking (WB) clients whilst safeguarding the risk appetite of the bank. The risk managers (risk officers) 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 transaction-by-transaction approval process, the risk officers manage their portfolios and advice senior management on the strategic direction in terms of risk appetite and portfolio steering in sectors and products.

In addition, the TA&A teams are engaged in strategic projects covering sector analysis, risk appetite direction, EBA LOM related projects, reporting, climate change and a wide range of other related initiatives covering the wider credit strategy of ING.

Our department employs ~50 persons and is organized over three clusters:

Portfolio (SME + Midcorp €5m of lending assets)

Sector (Midcorp teams + WB NL team)

Specialized Lending (Private Lending + Real Estate Financing + Structured Debt & Equity)

Sector consists of 24 FTE, divided among 4 teams:
Trade, Retail, Automotive, Transport & Logistics (Midcorp)

Industry, Construction, Public & Healthcare (Midcorp)

Food, Agriculture, Leisure & Services (Midcorp)

Corporate Sector Lending NL (WB)

The role

We are looking for a dynamic and eager banker to work in the team responsible for Sector. The Senior Risk Officer (SCO) is responsible for advising and managing client transactions from originating to closing from a credit risk perspective. In addition, the SCO manages the credit risk of the respective portfolios. The SCO is the primary point of contact for front office for her/his portfolio and safeguards the risk appetite of the bank in balance with a sound commercial sense. The SCO is the product/sector expert and exhibits deep specialized knowledge on the relevant sectors, markets and/or products.

The team

We are a dynamic team, cooperate with Front Office, focused on taking responsible credit risks and working closely together, stepping in for each other where needed. The timelines of requests are usually demanding hence flexibility and a ‘can do‘ mentality is important. If suitable, increased responsibilities will be granted to make sure the personal learning curve is sufficiently steep. The primary language in our team and with our stakeholders is Dutch, so fluency in this language is essential. Your position will be based in Amsterdam and you will report to the lead Sector.

Roles and responsibilities

Recommending and deciding on credit applications for new transactions, modifications and reviews

Establishing of and/or advising on risk appetite for the relevant portfolios or products

Developing and maintaining relationships with (senior) management and other relevant internal and/or external stakeholders

Ensuring the quality, policy compliance and consistency of the credit application and that transactions meet the conditions of approval as set out in the credit process

Closely monitoring the portfolio in your focus sectors and proposing corrective actions and improvements to senior management

Further enhancing the portfolio monitoring if and where desirable

Acting as a back-up for other teams within Sector

Working closely with front office peers and relevant support departments

Training and coaching of junior team members

Participating in projects and actively providing input/developing relevant risk policies and reports

How to succeed

We hire smart people like you for your potential. Our biggest expectation is that you’ll stay curious. Keep learning. Take on responsibility. In return, we’ll back you to develop into an even more awesome version of yourself.

We are looking for

3+ years of experience in a lending environment, excellent credit analysis skills and a good understanding of legal documentation

Strong personality, self-starter, hands on, with ability and eagerness to learn and high integrity standards

Display seniority and persuasiveness

An independent thinker, not afraid to provide a different point of view and open to the exchange of ideas

Team player, social, enjoying collaboration across the bank and committed to help others

Willingness to invest in specialized sector knowledge and ability to link this sector expertise with current sector trends

Affinity with data, data analysis and automated credit decision making automation

Good communication skills (verbal and in writing), and fluent in Dutch and English

Preferably an academic background (Msc) in e.g. Finance, Business or Economics

Rewards and benefits

We want to make sure that it’s possible for you to strike the right balance between your career and your private life. You can find out more about our employment conditions at https://www.ing.jobs/netherlands/Why-ING/benefits.htm

The benefits of working with us at ING include:
24-27 vacation days depending on contract

Pension scheme

13th month salary

Individual Savings Contribution (BIS), 3.5% of your gross annual salary

8% Holiday payment

Personal growth and challenging work with endless possibilities

An informal working environment with innovative colleagues

Work Agile, so new ideas come to life faster

About us

With 57,000 employees and operations in approximately 40 countries, there is no shortage of opportunities for people with initiative who want to help people take a step ahead in life and in business. Do you want to work at the cutting edge of what’s possible and at the same time ensure you work with integrity and hold the customer’s interests at heart? Do you want to be surrounded by progressive, inspiring, diverse and supportive colleagues? Then there is no better place to invest your talents than at ING. Join us. Apply today.