Apply on Employer Site

Sunward · 2 months ago

Vice President, Risk Management

Albuquerque,NM,US

Full-time

Onsite

Senior Level, Lead/Staff

12+ years exp

Sunward is seeking a Vice President of Risk Management to lead their Risk & Regulatory Functions. This role focuses on the development and management of the Credit Union’s Enterprise Risk Management program and provides oversight and recommendations that impact the Credit Union’s risk monitoring capabilities.

BankingFinancial ServicesNon Profit

Comp. & Benefits

Responsibilities

Liaise with HR and OD to recruit, onboard, develop, and retain high-quality staff

Oversees the daily workflow of the department

Provides constructive and timely one-on-ones and performance evaluations

Effectively coaches, mentors, motivates, and manages the staff to ensure delivery of communications to employees in a timely and accurate manner while maintaining the Credit Union’s high standard of quality

Ensures that the department fosters a productive, rewarding work environment that provides for the development of employees; meets all established goals and metrics; and operates within the Credit Union’s core values

Develop and oversee a comprehensive ERM program for the Credit Union within the Board and management’s risk appetite and strategic direction, and in compliance with all regulatory requirements

Facilitate continued build-out of COSO ERM Framework (e.g., Risk Library), including integration of Strategic, Operations, Reporting and Compliance risk across the 8 components

Coordinate efforts with the Director of Portfolio Analytics in Credit Administration, thus requiring an understanding of credit risk and portfolio concentration principles

Duties will include working closely with Vendor Management, Legal and Compliance to ensure legal related activities are carried out appropriately by outside counsel

Instrumental in supporting Risk Offices (RO) teams (i.e., Enterprise Risk, Credit Administration, Security & Fraud and Legal & Compliance) to develop and report KRMs and KPIs, as well as other Business Units in the development of KRMs

Supports the Chief Risk Officer in maturing the Risk Oversight Committee and delivering presentations to the Board, including Board Governance Committee

Instrumental in execution of Risk Office Business Plans and related Strategic initiatives, including integration of risk management to business processes

Key in internal reporting of Risk Office (RO) activities, and consolidation of RO teams monthly activities in a management report

Integral in evaluating insurance coverage, including gaps, and coordination of insurance related activities with Security/Fraud and other departments

Staff and manage the Risk team, providing leadership and support to the staff. Lead cultural change in the department as needed to support organizational goals

Respond to risk requests and questions involving out of tolerance risk levels

Perform analyses and assemble risk documentation and data in support of strategic projects, products & services, and risk monitoring

Assist with projects and other risk assessments (e.g., BSA/AML, Compliance. BIA). Lead and/or provide support to various organizational and departmental project teams

Develop Risk Control Assessment (RCSA) program and playbook for the identification of risks, controls and calculation of residual risk for Business Units and related processes

Review Credit Union risk exposure and make recommendations for enhancements

Ensure adherence to COSO ERM Frameworks that affects the Credit Union through risk reviews, other oversight activities and consultation with management as necessary

Proactively track and identify risk issues and remediation plans to allow adequate time to implement necessary changes to policies and procedures

Facilitate regulatory (e.g., NCUA) and insurance examinations and coordinate management responses and follow-up, as requested

Maintain awareness and inform Credit Union management of changes in federal/state legal requirements and NCUA regulations. Recommend updates to risk policies and procedures in response to risk developments

Address risk concerns as applicable and identify solutions. Provide response and/or guidance to business units, vendors, etc

Promote the service and sales culture by maintaining basic knowledge of products and services and referring members to the appropriate person/department

Performs other duties as assigned

Qualification

Enterprise Risk ManagementCOSO ERM FrameworkLegal ComplianceMicrosoft OfficeAnalytical SkillsInterpersonal SkillsOrganizational SkillsProblem-Solving Skills

Required

Excellent interpersonal skills

Excellent organizational skills and attention to detail

Strong proficiency with Microsoft Office applications

Familiar and comfortable with information technology, particularly digital means of communication

Strong analytical and problem-solving skills

Ability to manage a wide range of legal and compliance issues as a practicing attorney in a law firm or in-house legal department

Minimum 12 years' a combination of experience in compliance, legal, risk, leadership and other related areas

Minimum bachelor's degree business administration, finance, accounting, law or related field or more than 12 years of related experience

Prolonged periods of sitting at a desk and working on a computer

Must be able to lift 5 pounds at times

Company

Sunward

Sunward, formerly known as Sandia Laboratory Federal Credit Union (SLFCU), is one of New Mexico’s largest credit unions, serving 170,000+ members and managing more than $4.1 billion in assets.

Founded in 1948

Albuquerque, New Mexico, USA

501-1000 employees