Internal Credit Review's (ICR's) Credit Review Officer position is a key individual contributor role providing the incumbent diverse exposure to a variety of portfolios and products in support of ICR's coverage mission. The Credit Review Officer is responsible for continuously monitoring and periodically examining lending portfolio asset quality and credit risk management practices. This includes evaluating the adequacy of a business unit's credit risk governance framework including risk appetite, policies, procedures, and risk reports; the depth, accuracy, and timeliness of client financial and transaction structure analyses, risk rating and regulatory classification assignment, and potential impairment for a sample of individual exposures; adherence to credit policies, procedures, and underwriting guidelines; and the quality of ongoing surveillance and problem loan management activities. Credit Review Officers report findings and recommendations to ICR and business unit stakeholders and, for defects requiring formal action, initiate reportable issues, monitor management's remediation progress against said issues, and validate the adequacy of management actions to sustainably resolve the underlying defect. From time-to-time Credit Review Officers also lead or contribute to thematic topical examinations, special projects, or other department enhancement initiatives in furtherance of ICR's mission. Credit Review Officers regularly engage with stakeholders of various seniority levels from across the Bank, and as such, the position has an outsized influence on helping the organization maintain its strong credit risk management practices, safety and soundness.
JOB RESPONSIBILITIES
35% - Participate in periodic examinations of portfolio asset quality and the design and operating effectiveness of credit risk management practices and controls. More seasoned Credit Review Officers may lead said examinations for their assigned portfolio(s) and oversee the work of others on an exam-specific basis.
35% - 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.
10% - 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).
10% - 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.
5% - Keep ICR leadership informed of material credit risk developments in assigned portfolio(s).
5% - 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.
ADDITIONAL ACCOUNTABILITIES
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.
Pay Range: 99K - 164K
JOB REQUIREMENTS
Required Qualifications:
BA or BS degree; MBA, FRM, Credit Risk Certification, or other advanced degree or certification is a plus.
8-12+ 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.
Preferred Qualifications:
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.
Job Competencies:
Strong credit / financial statement analysis skills, proven understanding of business and financial markets and the effects of economic conditions on a Bank's credit portfolios.
Familiarity with US regulatory expectations related to maintaining safe and sound credit risk management practices.
Broad knowledge of corporate finance concepts and theories, industry credit practices, current financial and regulatory environments, and risk management techniques.
Ability to analyze portfolio trends at a macro level and identify leading / lagging indicators or other signs of changing risk levels and/or symptoms of process control breakdowns.
For more seasoned Credit Review Officers, some people or project management experience demonstrating a track record leading small teams on a permanent or temporary project basis.
Effective communication skills, both oral and written, and a high degree of professional maturity appropriate for interactions with business unit stakeholders as an ambassador for the ICR department.
Strong attention to detail, a dedication to quality, and enthusiasm for learning. Eagerness to remain current on Bank, market, and industry developments to keep skills current and sharp.
Strong organizational, problem solving, and communication skills.
Strong credit and loan structure analysis skills.
Flagstar is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identify, or national origin.
