Senior Credit Restructuring & Recovery Expert

About the role

Based in Luxembourg City, you will join ING's Credit Restructuring & Recovery function, initially focusing on the Business Banking real estate portfolio and progressively covering Wholesale Banking and material Private Banking exposures. The role combines hands-on restructuring expertise, recovery strategy and portfolio oversight for higher-risk and non-performing clients, with a focus on value preservation, risk mitigation and responsible client outcomes. You will work closely with relationship managers, credit risk colleagues, legal advisors, external valuers and workout specialists.

Key responsibilities

• Manage and support restructuring and recovery cases for Business Banking real estate clients, including higher-risk, watchlist, forborne and non-performing exposures.
• Analyse borrower viability, cash flows, repayment capacity, collateral values, guarantee structures, legal documentation and recovery options to define case strategies.
• Develop and negotiate restructuring solutions such as amended repayment plans, covenant resets, collateral enhancements, refinancing options, standstill arrangements and exit strategies.
• Prepare restructuring and recovery recommendations covering risk assessment, expected recovery, provisions, classification, forbearance treatment and decision conditions.
• Monitor assigned portfolios, including milestones, collateral developments, covenant compliance, impairment indicators, recovery performance and early-warning signals.
• Work with Wholesale Banking, Private Banking, Credit Risk, Legal, Finance, external valuers and advisers to coordinate case management and documentation.
• Contribute to portfolio reviews and governance forums, and support the gradual expansion of restructuring coverage to Wholesale Banking and material Private Banking exposures.

Required profile

• Master's degree in finance, economics, business administration, law or a related discipline.
• 10 years of relevant experience in credit risk, restructuring, recovery, special asset management, real estate finance, workout management or distressed credit.
• Experience preparing restructuring proposals, recovery strategies, credit recommendations, watchlist papers or non-performing exposure reviews.
• Strong negotiation, stakeholder management and communication skills, and sound judgement in managing sensitive, time-critical cases.
• Good understanding of forbearance, default, provisioning, collateral monitoring and non-performing exposure governance is an advantage.
• Excellent written and verbal English and/or French; another European language is an advantage.