Credit Products Manager

🕒 August 12

🤠 Texas – Remote

🤠 Texas – Remote

💵 $168.4k - $273.7k / year

⏰ Full Time

🟠 Senior

🔴 Lead

👔 Manager

🦅 H1B Visa Sponsor

This company has sponsored H1B visas in the past.

👻 Ghost score 33%

What it means: how likely this posting is sitting open without active hiring.How to read it: 60% or higher means we think this is a ghost. Lower scores are less of a worry.How we score it: age, reposts, open roles vs team size, how fast jobs close, and whether pay is listed.Fine print: an estimate from public data, not a judgment of the company. Real jobs can score high, so treat it as a hint, not a fact.

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Flagstar Bank

WebsiteLinkedInAll Job Openings

5001 - 10000 employees

🛡️ Insurance

💼 Consulting

🏥 Healthcare

Insurance • Consulting • Healthcare

Flagstar Bank is a diversified commercial bank focused on building relationships to help clients on their financial journeys, whether for personal or business needs. The bank offers a wide range of financial services including personal and business banking, loans, mortgages, wealth management, and investment services. Flagstar is committed to community involvement and meeting the banking needs of diverse neighborhoods, including low- and moderate-income areas, while promoting diversity, equity, and inclusion within its operations.

📋 Description

• Oversee first-line credit underwriting and portfolio management within assigned business lines • Manage underwriters and credit professionals, including Credit Products Specialists and Credit Products Analysts • Ensure accurate risk ratings, loan evaluation, underwriting, and ongoing portfolio management • Maintain visibility and knowledge of bank relationships within the assigned line of business • Execute strategic priorities set by credit, business, and risk leadership • Identify and escalate improvements to credit processes, policies, and procedures • Maintain credit quality through underwriting, portfolio management, and risk monitoring • Establish consistent credit decisioning and risk management practices across assigned regions and verticals • Attract, develop, retain, recruit, and train credit underwriting and portfolio management talent • Collaborate with Sales, Credit Products, Risk, legal, compliance, and technology teams • Serve as a key contact for deal flow assignment, credit risk reviews, and escalations • Use data-driven insights and analytics to identify emerging credit risks and opportunities • Work with legal documentation, internal and external legal counsel, and negotiate terms with clients • Ensure compliance with regulatory requirements, internal policies, and risk frameworks • Provide credit risk reporting, portfolio analysis, and recommendations to senior leadership • Perform special projects and continuous improvement and transformation initiatives • Complete required compliance trainings and maintain compliance with applicable laws and regulations

🎯 Requirements

• Undergraduate Degree (4 years or equivalent) in Business, Economics or related field and Master's Degree (or Postgraduate equivalent) (preferred) • 12+ years of 1st line of defense credit underwriting, portfolio management, and risk management experience within the Financial Industry, including credit strategy and credit analytics (preferred) • 5+ years of experience managing teams of credit analysts and underwriters in the specialty vertical • 5+ years of experience in the direct specialized line of business • Experience and expertise in credit bureaus, credit decision engines, credit and cash flow modeling, income/identity verification, and loss forecasting • Strong knowledge of federal and state laws and regulations related to credit decisions • For certain LOBs, strong working knowledge of the syndicated loan market and related processes • Proficiency in credit bureaus, credit decision engines, underwriting models, and portfolio management strategies • Experience in income/identity verification and risk assessment • Effective communication and presentation skills • Ability to translate credit analysis into actionable strategies and policies • Ability to incorporate industry knowledge and market trends into credit risk assessments and recommendations • Ability to manage multiple priorities, meet deadlines, and execute tasks efficiently in a fast-paced environment • Strong leadership and team development skills • No unusual physical exertion is involved

🏖️ Benefits

• Medical insurance • Dental insurance • Vision insurance • Life insurance • Disability insurance • Comprehensive leave program • Variable incentives, bonuses, commissions, or other awards may be included in total compensation