Senior Director – Credit Products

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🔥 1 minute ago

🚗 Michigan – Remote

🚗 Michigan – Remote

💵 $183.7k - $305.9k / year

⏰ Full Time

🟠 Senior

👔 Director

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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

• Set the strategic direction for the Specialized Line of Business and prioritize Credit Products enhancements • Oversee first-line credit underwriting and portfolio management teams across the customer lifecycle • Develop and execute credit strategies using data, models, and advanced analytics • Ensure sufficient tools, technology, and staffing for underwriting and monitoring • Partner with business leaders, Relationship Managers, product partners, and sales teams to drive responsible growth and revenue objectives • Identify and escalate improvements to credit processes, policies, and procedures • Work directly with external bank clients on credit-related needs and objectives • Collaborate with second-line Credit Risk management on credit risk and early warning indicators • Manage implementation and controls for underwriting, line management, and targeting criteria across internal systems and vendor platforms • Monitor portfolio performance and profitability by customer segment and adjust credit strategies within the risk appetite framework • Work with legal and compliance teams to ensure regulatory adherence • Provide credit risk reporting and analysis for data-driven decisions • Recruit, develop, and train credit underwriting and portfolio management talent • Manage talent functions including hiring, performance evaluations, staff development, disciplinary actions, succession planning, and compliance • Perform special projects and additional duties as required • Complete required compliance training and maintain compliance with applicable laws and regulations

🎯 Requirements

• High School / High School Equivalency (GED, HiSET, TASC) / Foreign Equivalent required • 15+ years of first-line credit underwriting, portfolio management, and risk management experience within the financial industry • 10+ years managing teams of credit analysts and underwriters in a specialty vertical • 10+ years of experience in a specialized line of business, such as specialized commercial industries, capital markets, or corporate commercial banking • Expertise in credit bureaus, credit decision engines, credit and cash flow modeling, income/identity verification, and loss forecasting • Advanced knowledge of current federal and state laws and regulations related to credit decisions • Strong communication and presentation skills • Strategic-level experience as part of a senior management team • Awareness of the industry across served markets and ability to incorporate that knowledge into analysis and strategy recommendations • Ability to meet tight timelines, estimate level of effort, multitask, and prioritize workload • Strong team-building and leadership skills • Ability to build and maintain effective stakeholder relationships through clear communication and proactive collaboration • Ability to build trusted internal and external client relationships and deliver tailored solutions • Ability to use independent judgment and discretion to make decisions and resolve problems • Must maintain compliance with applicable federal, state, and local laws and regulations

🏖️ 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 • Reasonable accommodation available during the recruiting process