Senior Director – SBA, Credit Transformation

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🔥 1 hour ago

🇺🇸 United States – 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 adequate tools, technology, and staffing for credit 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 • Support external bank clients with credit-related needs and objectives • Collaborate with second-line risk management to develop credit risk and early warning indicators • Manage implementation and controls for underwriting, line management, and targeting criteria • Monitor portfolio performance and adjust credit strategies within the risk appetite framework • Partner with legal and compliance teams to ensure regulatory adherence • Provide credit risk reporting and analysis for data-driven decision-making • Recruit, develop, and train credit underwriting and portfolio management talent • Perform talent management functions, problem resolution, special projects, and additional duties as required • Maintain compliance with applicable laws, regulations, policies, standards, and required training

🎯 Requirements

• High School, High School Equivalency (GED, HiSET, TASC), or foreign equivalent • 15+ years of first-line credit underwriting, portfolio management, and risk management experience in the financial industry • Experience with credit strategy and credit analytics • 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 financial industry across served markets and ability to apply that knowledge to analysis and strategy recommendations • Ability to meet tight timelines, estimate 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 • 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