**If you are a current FIB employee, please apply through the Career Worklet in the Employee Portal. This position can be Full Time Remote based in Billings, MT. 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. Accrue and use your paid time off (PTO) immediately – no waiting period – plus paid federal holidays in addition to PTO. To assist employees in paying down student loan debt, we will make monthly payments of $100 directly to eligible loan service providers on behalf of our employees until the loan is paid off. Our retirement plan is one of the best in the region, including a 6% employer match on your 401(k). Employees (including temporary) scheduled to work 20 or more hours per week are automatically enrolled day one. The health and happiness of the places we call home matter to us. Learn a little more about what we do for the communities we serve, and why we want YOU to be a part of it. 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 The Senior Risk Officer for Model Risk Management is responsible for overseeing and enhancing the Model Risk Management (MRM) Program at First Interstate Bank. The ideal candidate will have experience in MRM at a mid-sized or larger bank. They will bring expertise 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. They will have knowledge of various modeling approaches and techniques, including those commonly used for credit risk, liquidity risk, interest rate risk, capital stress testing, fraud detection and prevention, credit underwriting, and BSA/AML. A working knowledge of emerging techniques and risks is expected. The ideal candidate will also have broad knowledge and experience with various aspects of banking activities. This role requires a strategic thinker with a background in risk management who can be proactive in leading initiatives to proactive manage risk, as well as evolve and align the MRM Program with the Bank's strategic objectives and regulatory expectations and guidelines. ESSENTIAL DUTIES & RESPONSIBILITIES include the following (other duties may be assigned): Facilitate the implementation of the model risk management policy, framework, and standards and procedures ensuring alignment with regulatory requirements and best practices. Conduct and oversee in-depth model validations across a diverse range of models used in credit risk, market risk, operational risk, and other areas. Collaborate with model owners and developers to ensure robust model governance and lifecycle management, including model development, implementation, use, validation, testing, and ongoing performance monitoring. Provide strategic guidance and expertise on model risk to senior management, model users, and stakeholders throughout the bank. Monitor the model risk landscape for emerging risks and regulatory changes and adapt the MRM Program accordingly to ensure continued compliance and effectiveness. Enable and sometimes lead initiatives to develop and evolve the Model Risk Management Program, fostering a culture of risk awareness, integrity, and continuous improvement. Facilitate effective communication, tracking, and reporting on model risk issues, validation findings, and risk mitigation strategies to the Enterprise Risk Management Committee and other relevant bodies. Partner with third parties and manage relationships that provide external validation support and consultation. Create and maintain reporting and metrics for Senior Management and the Board. Create and maintain regulatory reporting as required. Work with people at all levels in the organization from senior business-unit leaders, including the executive management, Legal, Compliance, Privacy, Technology teams and business partners to maintain a cohesive and informed Model Risk Management Program. EDUCATION and/or QUALIFICATIONS Bachelor’s degree in finance, economics, statistics, mathematics, or a related field. Advanced degree preferred. Experience in model risk management, or a related area within a bank or other financial institution. Demonstrated knowledge of regulatory requirements related to MRM, particularly SR 11-7, SR 21-8, and the OCC Comptroller’s Handbook on MRM. Familiarity with SR 10-1, SR 10-6, and SR 12-7 preferred. Strong analytical skills with the ability to assess complex models and understand their impact on the bank's risk profile and financial performance. Excellent leadership and team development skills, with the ability to manage and motivate a high-performing team. Effective communication skills, both written and verbal, with the ability to engage with and influence stakeholders at all levels. Proficiency in statistical software packages and tools relevant to model development and validation. 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. First Interstate Bank is an equal opportunity employer committed to a diverse workforce and a barrier-free employment process. Employment is based solely on an individual's merit and qualifications directly related to the position. We do not discriminate on the basis of race, color, religion, national origin, ancestry, pregnancy status, sex, age, marital status, disability, medical condition, or any other characteristics protected by law. We make all reasonable accommodations to meet the obligations set forth under the Americans with Disabilities Act (ADA) and state disability laws. In order to ensure reasonable accommodations for individuals protected by Section 503 of the Rehabilitation Act of 1973, the Vietnam Era Veterans' Readjustment Assistance Act of 1974, and Title I of the Americans with Disabilities Act of 1990, as amended, individuals that require accommodation in the job application process for a posted position may contact us (406)255-5485, Monday through Friday, 8 am to 5 pm MST or email us at careers@fib.com. All applicants must pass pre-employment screenings including a background check. First Interstate BancSystem participates in E-Verify which will require new employees to verify their identity and employment eligibility through the internet-based system operated by the Social Security Administration (SSA) and the Department of Homeland Security (DHS). E-Verify Notice English or Spanish Right to Work Notice English or Spanish