Credit Risk Quality Control Manager

Flagstar Bank; United States; Remote; USD 117,000 - 193,000; Full time

Job summary

A leading financial services provider is looking for a Credit Risk Quality Control Manager who will oversee compliance and assurance reviews related to credit processes. This role is key in enforcing adherence to risk appetite statements and ensuring accuracy in financial reporting. The manager will lead a team, analyze risks, and communicate findings effectively while fostering a positive and productive work environment.

Benefits

Medical, dental, vision, life, and disability insurance

Comprehensive leave program

Qualifications

• 6+ years of risk management or quality assurance/control experience required.
• Experience in commercial/corporate/specialized lending preferred.
• CPA, CRCM or other applicable certification is preferred.

Responsibilities

• Ownership of transaction testing reviews and analysis of loan transactions.
• Conducts process/procedure risk assessments and validation reviews.
• Maintains documentation and reports key findings to management.

Skills

Credit Analysis

Risk Management

Communication

Education

Undergraduate Degree in Accounting, Finance, or related field

Job description

Position Title

Credit Risk Quality Control Manager

Location

Work From Home NY, NY 11801

Job Summary

pay range: 117-193K

JOB SUMMARY

The Credit Risk Quality Control Manager is responsible for executing 2nd line of defense control reviews to ensure adherence to risk appetite statements and the accuracy of information feeding the Bank’s financial statements. To accomplish the objectives, the manager will individually participate or lead a review team through the assessment of the 1st line of defense quality assurance program related to credit regulatory compliance, credit policy and standard adherence, risk rating accuracy, as well as 2nd line of defense processes, and procedure adherence, and validating corrective actions committed to or by assurance partners are complete, effective, and sustained.

Job Responsibilities:

JOB RESPONSIBILITIES

• Ownership of transaction testing reviews performed by 1st line of defense quality assurance program.
• Analyzes a sampling of individual loan transactions for risk rating accuracy, policy compliance and prudent credit risk management practices such as effective challenge.
• Conducts process/procedure risk assessments and corrective action validation reviews.
• Maintains proficient documentation and reports to management key findings and recommendations regarding potential issues.
• Assesses defined controls and control testing to determine sufficiency.
• Leads targeted reviews.
• Identifies population and sample set.
• Ensures review team members are trained in advance of review commencement.
• Assigns review responsibilities.
• Oversees the execution of review, perform analysis and review of work submitted by others.
• Writes the final review report.
• Participates in remediation activities as needed.
• Ongoing development and enhancement of the monitoring and testing control program to ensure effective adherence with applicable laws, regulations, loan policies and procedures.
• Effectively manage and communicate to stakeholders the components of the control program.
• May own or help support one or more controls, processes, reports, procedures, or products.
• 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 trainings. 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 Accounting, Finance, or a related field.
• Minimum experience required: 6+ Years of risk management experience or quality assurance/control experience in relevant disciplines such as commercial/corporate/specialized lending, credit administration, credit review, or regulatory agency experience.

Preferred Qualifications:

• Quality Control (QC), Credit Risk Oversight, Audit, or Risk Management experience in the Financial Service Industry is preferred.
• CPA, CRCM or other applicable certification is preferred.

Job Competencies:

• Deep understanding of Credit Underwriting and Credit Loan Policies.
• Strong credit analysis skills.
• Experience in writing risk management review reports.
• Excellent verbal and written communication skills.
• Excellent time management while meeting deadlines and communicating status updates with management.
• 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 a positive work culture and productive work environment, driving strategy and displaying importance of effective relationships with customers and stakeholders to influence and coach.
• Display a high degree of motivation, initiative, collaboration and actively interact and be an engaged team member.
• Ability to research, analyze data, and derive facts.
• Risk and control mindset is essential.
• Occasional travel to hub markets may be required.
• Physical demands (ADA): No unusual physical exertion is involved.

• 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.

Flagstar is an Equal Opportunity Employer

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