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Sunlight Federal Credit Union

Position OverviewWe are seeking a seasoned, results-driven Fractional Chief Investment Officer (fCIO) to lead and oversee our investment and participation loan portfolio strategy. This executive-level role requires an experienced investment professional who brings deep expertise in credit union operations, investments, loan portfolio management, and regulatory compliance under NCUA guidelines. The fCIO will serve as a trusted strategic partner to the senior leadership a nondisclosure agreement is required for this role. fCIO in collaboration with CEO, COO, CFO, CCO will be providing expert oversight of participation loan acquisitions, risk assessment, credit risks, and portfolio performance &mdash; with a demonstrated track record of protecting the financial soundness of our membership.Key Responsibilities<ul><li>Evaluate, underwrite, and manage participation loan portfolio acquisition, by monthly tracking in assessing changes to NEV, PAR and M2M on a loan-by-loan basis, in alignment with the credit union's strategic objectives and risk appetite.</li></ul><ul><li>Assess and monitor interest rate risk, credit risk, liquidity risk, and concentration risk across the participation loan portfolio to assess effects across the complete loan and investment portfolio.</li></ul><ul><li>Ensure full compliance with NCUA regulations, guidelines, and examination standards, including those pertaining to Part 741 and participation lending rules. Preparing reports and assessments as requested by credit union Supervisory Committee.</li></ul><ul><li>Develop and present investment strategies, portfolio performance reports, and risk assessments to the Board of Directors and executive leadership.</li></ul><ul><li>Review quarterly and revise as necessary credit union policies and procedures as it pertains to all investments and loan products with CCO and Senior Lender.</li></ul><ul><li>Establish and maintain due diligence processes for evaluating originating lenders and participation loan opportunities. Stay in regular contact with participation bundlers and lenders approved by CEO.</li></ul><ul><li>Monitor portfolio credit quality, delinquency trends, and loss metrics; identify and after approval implement recommended corrective strategies to minimize investment and loan losses and charge-offs.</li></ul><ul><li>Collaborate with internal teams on asset/liability management (ALM) to optimize the balance sheet and net interest margin.</li></ul><ul><li>Stay current on regulatory changes, market conditions, and industry best practices affecting participation lending and credit union investment strategy.</li></ul><ul><li>Support examination preparation and interface with NCUA examiners and Supervisory Committee members on matters related to credit union investment and loan portfolio.</li></ul>Required Qualifications<ul><li>Minimum of 5 years of executive or senior-level experience in investment management, loan portfolio management, or a related financial services role within a credit union or major nationwide bank.</li></ul><ul><li>Demonstrated history of acquiring and managing a minimum of $200 million in loan portfolios, including investments and participation loan programs.</li></ul><ul><li>Proven history of low loan loss ratios and minimal charge-off rates, with documented portfolio performance results.</li></ul><ul><li>In-depth knowledge of NCUA regulations, examination procedures, and credit union-specific compliance requirements.</li></ul><ul><li>Strong expertise in interest rate risk analysis, credit risk evaluation, and asset/liability management principles.</li></ul><ul><li>Must be bondable under a financial institution fidelity bond; clean background and financial history required.</li></ul><ul><li>Exceptional analytical, communication, and presentation skills; ability to clearly convey complex financial data to board members and non-financial stakeholders.</li></ul><ul><li>High degree of professional integrity and fiduciary responsibility.</li></ul><ul><li>Must pass a background check.</li></ul>Preferred Qualifications<ul><li>Chartered Financial Analyst (CFA), Certified Credit Union Executive (CCUE), or equivalent professional designation or experience.</li></ul><ul><li>Experience serving multiple credit unions or financial institutions in a fractional or consulting or executive capacity.</li></ul><ul><li>Familiarity with loan participation platforms and third-party originator networks.</li></ul><ul><li>Prior experience presenting to and advising a credit union Board of Directors.</li></ul>Work ArrangementThis is a part-time fractional executive role. The selected candidate required to be physically present at our office location for a minimum of two (2) weeks per calendar month. Remaining time remotely, specific terms to be decided during contractnegotiations. Scheduling is flexible within these parameters and coordinated with executive leadership.Fidelity Bond RequirementAll candidates must qualify for coverage under the credit union's fidelity bond as required by NCUA regulations. Employment is contingent upon successful background screening and fidelity bond eligibility verification.We are an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or veteran status.Job Type: Part-timePay: Up to $150,000.00 per yearWork Location: In person

Fractional Chief Investment Officer

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Sunlight Federal Credit Union

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Fractional Chief Investment Officer