Model Risk Management Analyst II
First Interstate Bank | |
paid time off, 401(k), retirement plan | |
United States, Montana, Billings | |
401 North 31st Street (Show on map) | |
Aug 30, 2024 | |
**If you are a current FIB employee, please apply through the Career Worklet in the Employee Portal.
This position is a hybrid work model and can be located at our Billings, MT Downtown and Omaha, NE 93rd & W. Dodge branch. What's Important to You We know your career is just one aspect of a meaningful, complex, and demanding life. That's why we designed our compensation and benefits package to provide employees and their families with as much choice as possible.
We encourage you to apply. Reach for what you want and tell us why your work ethic and willingness to learn make you a natural fit for #TeamFirstInterstate. SUMMARY Plays a crucial role in supporting model risk management initiatives and governance to support enhancing and maturing our Model Risk Management Program. Has experience in key areas of MRM, including model development, implementation and use, model testing and validation, ongoing monitoring, and tracking and reporting the Bank's individual and aggregate model risks. Required to collaborate and communicate with various stakeholders including senior risk officers, leadership, and external vendors to support the overall MRM activities and requirements. Requires a general understanding of the various model approaches and techniques commonly used for credit risk, liquidity risk, interest rate risk, capital stress testing, fraud detection and prevention, credit underwriting, and BASA/AML. Requires analytical skills, attention to detail, and the ability to work both collaboratively and independently while fostering a risk-aware culture. Requires initiative, judgment, and the application of foundational risk management skills for the position. Requires knowledge and understanding of regulation and guidance applicable to MRM. ESSENTIAL DUTIES AND RESPONSIBILITIES include the following: other duties may be assigned.
EDUCATION and/or QUALIFICATIONS
LANGUAGE SKILLS Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the public. MATHEMATICAL SKILLS Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry. Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations. REASONING ABILITY Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables. PHYSICAL DEMANDS While performing the duties of this job, the employee is regularly required to walk and talk or hear. The employee frequently is required to stand and sit. The employee is occasionally required to use hands to finger, handle, or feel; reach with hands and arms; and stoop, kneel, crouch, or crawl. The employee must frequently lift and/or move up to 50 pounds. Specific vision abilities required by this job include close vision. WORK ENVIRONMENT The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate. **If you are a current FIB employee, please apply through the Career Worklet in the Employee Portal. |