Full-Time
Job Not Found
Sandia Laboratory Federal Credit Union
201-500 employees
Member-owned credit union offering financial services
No salary listed
Albuquerque, NM, USA
In Person
 Finance & Banking (1) |
|---|
- 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.
- 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.
Sunward is a member-owned financial cooperative offering checking, savings, mortgages, auto loans, and investment services to individuals and businesses. It serves through 12 New Mexico branches, one in Livermore, California, and online, with membership open to everyone. As a federally insured credit union (NCUA) and Equal Housing Lender, Sunward emphasizes member relationships and community impact over profits. Its goal is to help members realize their dreams and secure their financial futures, summarized as “Banking Made Better.”
Company Size
201-500
Company Stage
N/A
Total Funding
N/A
Headquarters
Albuquerque, New Mexico
Founded
1948
Simplify's Take
What believers are saying
- Manages $4.1 billion assets and 150,000 members post-acquisition.
- Added 15 employees enhancing member support expertise.
- Opened Rio Grande branch in Albuquerque Old Town early 2024.
What critics are saying
- Integration failures cause member attrition within 3-6 months.
- Rebranding alienates Sandia members eroding heritage in 6-12 months.
- Mountain America competes aggressively in Albuquerque within 12-18 months.
What makes Sandia Laboratory Federal Credit Union unique
- Rebranded from Sandia Laboratory Federal Credit Union to Sunward in 2024.
- Acquired Mountain America branches on Golf Course Road and Paseo del Norte.
- Expanded to 15 branches serving Sandia Labs affiliates across NM and CA.
Help us improve and share your feedback! Did you find this helpful?
Benefits
Flexible Work Hours
Company News
Members now get more funds to pay for eligible purchases over timeALBUQUERQUE, N.M., June 4, 2025 /PRNewswire/ -- As more people look to credit unions they know and trust to help navigate their financial needs, Sunward Federal Credit Union (Sunward) announced today that it has added Buy Now, Pay Later (BNPL) to its suite of online banking products in an effort to meet members' shifting payment preferences.Serving over 165,000 members across 16 locations across the Southwest and in California, Sunward is the first New Mexico-based credit union to launch BNPL for its members
A Media Snippet accompanying this announcement is available by clicking on this link. ALBUQUERQUE, N.M., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Sunward, formerly known as Sandia Laboratory Federal Credit Union, and Mountain America Credit Union announced today that after a favorable vote by transitioning Mountain America Credit Union members, the previously announced proposed acquisition is proceeding with a targeted completion in the first quarter of 2025. “We are excited to welcome members and employees from Mountain America Credit Union to Sunward,” said Steph Sherrodd, Sunward President and CEO. “This addition will strengthen our position and ability to deliver on our goal of making banking better in the Southwest, and in New Mexico specifically.” Upon finalization, Sunward will acquire both Mountain America Credit Union branches in Albuquerque, New Mexico – Golf Course Road and Paseo Del Norte Boulevard – increasing Sunward’s total branch footprint to 15 locations. “I am confident that Sunward will be an excellent financial partner for our members,” said Sterling Nielsen, Mountain America Credit Union President and CEO