Head of Private Banking Credit Risk

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.

Preferred Qualifications:

• 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
• Demonstrates a strong ability to build and maintain effective relationships with stakeholders by communicating clearly, engaging in proactive collaboration, and leveraging cross functional insights. Aligns relationship building efforts with enterprise goals to accelerate performance and drive strategic results.

• 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

We are committed to providing clear and accurate compensation information in accordance with applicable laws. Actual starting base pay will be determined based on location, experience, and other non-discriminatory factors permitted by law. Total compensation may also include variable incentives, bonuses, commissions, or other awards as outlined in the offer of employment. Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program. Please click the following link for detailed information: Benefits | Flagstar Bank

Pay Range

$202,101.00 - $353,500.00

Qualified applicants with arrest or conviction records will be considered for employment in accordance with the California Fair Chance Act, the Los Angeles County Fair Chance Ordinance, the City of Los Angeles Fair Chance Initiative for Hiring Ordinance, and the San Francisco Fair Chance Ordinance, as appliable.