What are the responsibilities and job description for the Third-Party Risk Management Risk Officer position at First Interstate Bank?
**If you are a current FIB employee, please apply through the Career Worklet in the
Employee Portal
.
This position may be located at any of the offices within First Interstate Bank's footprint of Arizona, Idaho, Iowa, Kansas, Missouri, Montana, Nebraska, North Dakota, Oregon, South Dakota, and Wyoming.
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.
- Generous Paid Time Off (PTO) in addition to paid federal holidays.
- Student debt employer repayment program.
- 401(k) retirement plan with a 6% match.
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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 Risk Officer is responsible for working with the Enterprise Risk Management (ERM) group in developing, implementing, maintaining, and managing risk management functions that are aligned with regulatory expectations, corporate guidelines, and local requirements. This position will proactively work with business unit and ERM leaders to implement a strategy and practices that meet enterprise policies and standards.
ESSENTIAL DUTIES AND RESPONSIBILITIES
The Risk Officer is responsible for working with the Enterprise Risk Management (ERM) group in developing, implementing, maintaining, and managing risk management functions that are aligned with regulatory expectations, corporate guidelines, and local requirements. This position will proactively work with business unit and ERM leaders to implement a strategy and practices that meet enterprise policies and standards.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Enhances existing policies and procedures to meet changing business landscape and challenges.
- Assists senior management with integrating risk management within the strategic management process.
- Assists in the development and communication of risk management policies and limits, as approved by the Board and the Enterprise Risk Management Committee.
- Identifies risk ownership gaps and overlaps requiring resolution to ensure appropriate ownership of the priority risk.
- Works with appropriate Management to establish the control environment that monitors risk, oversees and enforces risk management policies and limits, instills the discipline to close significant gaps in risk management capabilities, and ensures that organizational cultural issues are being managed effectively.
- Works with business line managers on the collection and assessment of risk data, risk management performance and exposures to potential future events, and the assembly and distribution of risk management reports.
- Facilitates sharing of best risk management practices across the organization.
- Coordinates the application of risk assessment across the organization to obtain an enterprise-wide view of risk.
- Facilitates enterprise-wide assessments of risk management policies, processes, competencies, reporting, and systems to identify significant gaps in the capabilities around managing critical risks.
- Conducts risk management education and training from time to time.
- Develops measurement methodologies and monitoring methods, which aggregate risk exposures and risk management performance on an enterprise-wide basis.
- Support the reporting of risk exposures and monitoring results to the Board, Chief Executive Officer, Audit Committee, Executive Committee, and the Risk Management Committee.
- Ensures that all board policies are currently assigned, calendared, updated as required, and submitted.
- Creates regulatory reporting as required.
- Works with people at all levels in the organization from senior business-unit leaders, including the executive management, Legal, Compliance, Finance, Technology teams, and business partners.
- Identifies, evaluates, mitigates, and reports on risks that meet compliance and regulatory requirements and align with, and supports, the risk posture of the enterprise.
- Oversees or participate in a variety of activities, such as risk assessment, risk monitoring, mitigation tracking, and risk reporting.
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
KNOWLEDGE, SKILLS AND ABILITIES
- Ability to read, analyze, and interpret common scientific and technical journals, financial reports, and legal documents.
- Ability to respond to common inquiries and complaints of customers, regulatory agencies, or members of the business community.
- Ability to write speeches and articles for publication that conform to prescribed style and format.
- Ability to effectively present information to top management, public groups, and/or boards of directors.
- Ability to comprehend and apply principles of advanced calculus, modern algebra, and advanced statistical theory.
- Ability to work with concepts such as limits, rings, quadratic and differential equations, and proofs of theorems.
- 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.
EDUCATION AND/OR EXPERIENCE
- Bachelor's Degree required
- 4-6 years related experience, training, and/or equivalent combination of education and experience required
PHYSICAL DEMANDS AND WORKING ENVIRONMENT
The physical demands and work environment are representative of those that must be met or encountered to successfully perform the essential functions of the job. In compliance with the Americans with Disabilities Act, the company provides reasonable accommodation to qualified individuals with disabilities and encourages both prospective and current employees to discuss potential accommodations with the employer.
Dexterity of hands/fingers to operate computer keyboard and mouse - Frequently
- Sitting - Frequently
- Standing - Occasionally
- Noise Level - Moderate
- Typical Work hours - M-F (8-5)
- Regular and Predictable Attendance - Required
**If you are a current FIB employee, please apply through the Career Worklet in the
Employee Portal
.
