Flagstar Bank, N.A

Credit Products Manager

Work From Home United States

Sponsorship not specified$123k-$205kDetected 6 days ago

ComplianceLeadershipCommunicationCollaborationMentoringUnderwriting

About the role

Using data-driven insights and portfolio analytics, the Manager identifies potential risks and trends, escalating key findings and recommendations to senior leadership.
With a focus on operational efficiency, regulatory compliance, and team development, the Manager plays a critical role in maintaining a strong and well-managed credit portfolio.
Proactively identifies and escalates areas for improvement in credit processes, policies and procedures

Maintains visibility and knowledge of bank relationships within the assigned specialized region or vertical to ensure alignment with business objectives and credit risk strategies.
Manages, advises, and provides support to Commercial Underwriters, Commercial Portfolio Managers, and Commercial Credit Analysts, fostering a collaborative and high-performing team.
E xecutes on the strategic priorities set by the Head of Credit Products, Line of Business leaders, Credit Products Senior Director and 2nd and 3rd Line Risk partners to ensure alignment with enterprise goals.
Monitors portfolio performance, identifying emerging risks and opportunities to support sound credit decisioning and risk mitigation efforts.
Well versed in legal documentation (e.g., Credit Agreements) and positioned to both develop more junior associates on the topic and interact with internal and external legal counsel and negotiate terms directly with clients.
Collaborates with sales, credit, and risk teams to facilitate responsible growth and optimize portfolio performance.
Supports leadership in preparing credit risk reporting and analysis to provide insights on portfolio trends and risk exposures.
Assists in developing and mentoring team members to enhance credit expertise and professional growth.
Recruits, develops, and trains top credit underwriting and portfolio management talent.

Minimum experience required: 10+ Years of 1 st line of defense credit underwriting, portfolio management, and risk management experience within the Financial Industry including credit strategy and credit analytics.
3 + years of experience in managing teams of credit analysts, underwriters in the specialty vertical.
3+ years of experience in the direct specialized line of business (Specialized commercial industries, capital markets, corporate commercial banking, etc.)
Experience and expertise in credit bureaus, credit decision engines, credit and cash flow modeling for underwriting and portfolio management decisions, income/identity verification and loss forecasting.
Undergraduate Degree (4 years or equivalent) in Business, Economics or related field.
Performs special projects, to include continuous improvement and transformation initiatives, and additional duties and responsibilities as required.

Job Competencies:
Solid knowledge of federal and state laws and regulations related to credit decisions, ensuring compliance in daily underwriting and portfolio management tasks.
Proficient in credit bureaus, credit decision engines, underwriting models, and portfolio management strategies, with practical experience in income/identity verification and risk assessments.
Clear communication and presentation skills, able to present credit analysis and supportable recommendations to stakeholders effectively.
Effective at managing multiple priorities, meeting deadlines, and executing tasks efficiently in a fast-paced, dynamic environment.
Physical demands (ADA): No unusual physical exertion is involved.
Flagstar is an Equal Opportunity Employer
Total compensation may also include variable incentives, bonuses, commissions, or other awards as outlined in the offer of employment.

Ensures compliance with internal policies, regulatory requirements, and risk frameworks while driving continuous process improvements.

$123,243.00 - $204,783.00
Total compensation may also include variable incentives, bonuses, commissions, or other awards as outlined in the offer of employment.

Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program.
Benefits | Flagstar Bank

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