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[Remote] Credit Review Officer Sr
Note: The job is a remote job and is open to candidates in USA. Flagstar Bank is seeking a Senior Credit Review Officer to join their Internal Credit Review team. This role is responsible for monitoring and examining lending portfolio asset quality and credit risk management practices, ensuring adherence to credit policies and evaluating risk governance frameworks.
Responsibilities
- Participate in periodic examinations of portfolio asset quality and the design and operating effectiveness of credit risk management practices and controls. May lead said examinations for their assigned portfolio(s) and oversee the work of others on an exam-specific basis
- Conduct sample testing of individual credits for adherence to risk appetite and approval requirements, the quality of repayment sources and transaction structure, the accuracy and timeliness of risk ratings and regulatory classifications, and the adequacy of business unit credit analysis and other documentation
- Perform continuous monitoring of assigned portfolio(s), including analyzing portfolio data, underwriting and financial trends, and monitoring relevant market, industry and regulatory developments to identify emerging risks or trends. Maintain currency of ICR’s independent Risk Assessment for assigned portfolio(s)
- Develop collaborative working relationships with business unit stakeholders to monitor portfolio, policy, process, organizational, and other developments, including the unit’s progress in remediating credit risk management defects
- Keep ICR leadership informed of material credit risk developments in assigned portfolio(s)
- Collaborate with ICR team members to promote knowledge sharing, exchanges of best practices, and foster a positive and enriching work environment consistent with Bank values
- Contribute to the execution of critical department operational processes such as annual planning, resource capacity and deployment analysis, staff skills assessments, issue tracking, Board reporting, and interactions with supervisors and external auditors
- Participate in special projects in support of enhancing ICR’s capabilities and achieving its objectives
- Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations
Skills
- BA or BS degree; MBA, FRM, Credit Risk Certification, or other advanced degree or certification is a plus
- 10-15+ years of prior lending, portfolio management, credit risk management, regulatory supervision, or similar experience with commercial & industrial loan portfolios, including one or more of the following portfolio types: leveraged lending, sponsor finance, healthcare, technology, entertainment finance, asset-based lending, professional practices, or high net worth individual lending
- Experience analyzing distressed assets, evaluating potential impairment, and estimating individual loan loss provisions
- Large financial institution experience with an OCC or FRB-regulated bank
- Prior experience as a commercial lender or credit risk manager
Benefits
- Medical
- Dental
- Vision
- Life
- Disability insurance
- Comprehensive leave program
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