Education level preferred: Master's Degree (or Postgraduate equivalent) Business, Finance or related field.
Job Competencies:
Deep expertise in credit risk management, including underwriting, portfolio analytics, and risk governance
Strong analytical and quantitative skills with the ability to interpret complex financial data and trends
Sound judgment and decision-making, with the confidence to provide independent challenge
Effective communication and stakeholder management across front office, risk, and executive leadership
Builds trusted client relationships, whether internal or external, by identifying needs and delivering tailored solutions to enhance the overall client experience.
Fosters or supports a positive work culture and productive work environment, displaying importance of effective relationships with customers and stakeholders.
Some travel may be required.
Physical demands (ADA): No unusual physical exertion is involved.
Flagstar is an Equal Opportunity Employer
Pay Range
$202,101.00 - $353,500.00
Benefits
Dental insuranceVision insurancePerformance bonus
Additional Information
Position Title
Head of Private Banking Credit Risk
Location
Nationwide, MI 48098
Job Summary
Head of Private Banking Credit Risk reporting to the Chief Credit Officer, responsible for establishing and overseeing a comprehensive credit risk framework for high-net-worth and ultra-high-net-worth portfolios. Leads portfolio risk analytics, underwriting standards, and ongoing monitoring to ensure disciplined growth, strong asset quality, and alignment with the bank's risk appetite. Partners closely with front office, legal, and compliance to balance client service with prudent risk management, while supporting data-driven decision-making and regulatory readiness. Builds and mentors high-performing teams, fostering a culture of accountability, transparency, and continuous improvement.
Job Responsibilities:
JOB RESPONSIBILITIES
Develop and maintain credit risk policies, underwriting standards, and approval frameworks for private banking portfolios.
Oversee portfolio analytics, monitoring, and reporting to identify emerging risks and ensure alignment with risk appetite.
Review and approve complex credit transactions, provide independent challenge and risk guidance.
Partner with front office, legal, and compliance to balance client objectives with prudent risk management.
Ensure adherence to regulatory requirements and support internal and external examinations.
Lead stress testing, scenario analysis, and concentration risk assessments.
Establish and track key risk indicators (KRIs) and management reporting for executive leadership.
May be responsible for talent management functions including employment, performance evaluations, staff development/training, disciplinary actions, succession planning and ensuring all staff comply with compliance requirements.
ADDITIONAL ACCOUNTABILITIES
Performs special projects, and additional duties and responsibilities as required.
Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance training. Accountable to maintain compliance with applicable federal, state and local laws and regulations.
JOB REQUIREMENTS
Required Qualifications:
Education level required: Undergraduate Degree (4 years or equivalent) in Business, Finance or related field.
Minimum experience required: 15+ Years Credit Risk, Risk Management, Finance or related field.
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