Risk Officer - Sioux Falls, United States - First Interstate Bancsystem Inc

Description

**If you are a current FIB employee, please apply through the Career Worklet in the Employee Portal

This position can be located at any of our offices in Idaho, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, North Dakota, South Dakota or 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.

• 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 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. The position requires sound knowledge of business management, the financial institution landscape and a broad understanding of Risk Management. The Risk Officer will proactively work with business unit and ERM leaders to implement a strategy and practices that meet enterprise policies and standards.

This position is responsible for identifying, evaluating, mitigating and reporting on risks that meet compliance and regulatory requirements, and aligns with and supports the risk posture of the enterprise. The position will also oversee or participate in a variety of activities, such as risk assessment, risk monitoring, mitigation tracking, and risk reporting. A key element of the role is working with all levels of management throughout the enterprise, as well as the Bank's service providers.

ESSENTIAL DUTIES & RESPONSIBILITIES include the following; other duties may be assigned

• Enhance existing policies and procedures to meet changing business landscape and challenges.
• Assist senior management with integrating risk management within the strategic management process.
• Assist in the development and communication of risk management policies and limits, as approved by the Board and the Enterprise Risk Management Committee.
• Identify risk ownership gaps and overlaps requiring resolution to ensure appropriate ownership of the priority risk.
• Work with appropriate Management to establish the control environment that (1) monitors risk; (2) oversees and enforces risk management policies and limits; (3) instills the discipline to close significant gaps in risk management capabilities; and (4) ensures that organizational cultural issues are being managed effectively.
• Work with business line managers on collection and assessment of risk data, risk management performance and exposures to potential future events, and the assembly and distribution of risk management reports.
• Facilitate sharing of best risk management practices across the organization.
• Coordinate the application of risk assessment across the organization to obtain an enterprise-wide view of risk.
• Periodically facilitate enterprise-wide assessments of risk management policies, processes, competencies, reporting and systems to identify significant gaps in the capabilities around managing critical risks.
• Conduct risk management education and training from time to time.
• Develop 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, CEO, the Audit Committee, Executive Committee, and the Risk Management Committee.
• Ensure that all board policies are currently assigned, calendared, updated as required, and submitted.
• Create regulatory reporting as required
• Work 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

EDUCATION and/or EXPERIENCE

Bachelor's degree (B. A.) from a four-year college or university; and five years related experience and/or training; or equivalent combination of education and experience.

LANGUAGE SKILLS

Ability to read, analyze, and interpret common scientific and technical journals, financial reports, and legal documents. Ability to respond to common inquiries of 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.

MATHEMATICAL SKILLS

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.

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