The Senior Manager of Credit Products - Specialized is responsible for overseeing first-line credit underwriting and portfolio management within an assigned vertical, ensuring alignment with Flagstar Bank's risk appetite and business objectives.
Requirements
- 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.
- Proficiency in credit bureaus, credit decision engines, underwriting models, and portfolio management strategies, with experience in income/identity verification and risk assessment.
- Strong knowledge of federal and state laws and regulations related to credit decisions, ensuring compliance in underwriting and portfolio management.
- Minimum experience required: 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.
- 5+ years of experience in managing teams of credit analysts, underwriters in the specialty vertical.
- 5+ years of experience in the direct specialized line of business (Specialized commercial industries, capital markets, corporate commercial banking, etc.)
- Education level required: Undergraduate Degree (4 years or equivalent) in Business, Economics or related field.
Responsibilities
- Maintains visibility and deep knowledge of bank relationships within the assigned specialized region or vertical to ensure alignment with business objectives.
- Proactively identifies and escalates areas for improvement in credit processes, policies and procedures
- Maintains the credit quality of assigned portfolios and/or lending verticals by overseeing underwriting, portfolio management, and risk monitoring activities.
- Leverages data-driven insights and analytics to identify emerging credit risks and opportunities, proactively adjusting strategies as needed.
- 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.
- Ensures compliance with regulatory requirements, internal policies, and risk frameworks while supporting continuous process improvements.
- Provides credit risk reporting and analysis to senior leadership, contributing to portfolio strategy and risk management discussions.
Other
- Attracts, develops, and retains top talent within Credit Products by providing leadership, coaching, and professional development opportunities for underwriters, portfolio managers, and credit analysts.
- Collaborates closely with Sales, Credit Products, and Risk teams to drive responsible growth, optimize credit decisioning, and enhance portfolio performance
- Effective communication and presentation skills, with the ability to translate credit analysis into actionable strategies and policies for key stakeholders.
- Strong leadership and team development skills, fostering collaboration, coaching, and professional growth within the credit team.
- Education level preferred: Master's Degree (or Postgraduate equivalent)
