First Interstate Bank
Quantitative Model Developer page is loaded## Quantitative Model Developerlocations:
Billings, MT:
Sioux Falls, SD:
Boise, ID:
Bend, OR:
Omaha, NEtime type:
Full timeposted on:
Posted Todayjob requisition id:
2026-14416## ***\*\*If you are a current FIB employee, please apply through the Career Worklet in the*** ***.***This position can be located at Bend, OR; Boise, ID; Omaha, NE; Sioux Falls, SD and 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.* Generous Paid Time Off (PTO) in addition to paid federal holidays.* Student debt employer repayment program.* 401(k) retirement plan with a 6% match.* The health and happiness of the places we call home matter to us. Learn a little more about what we do for the
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 Credit Analytics Quantitative Model Developer will have experience in advanced statistical modeling, ideally with a variety of credit portfolios, and will be responsible for both the development and operation of credit risk models including Probability of Default (PD), Loss Given Default (LGD), Exposure at Default (EAD) and Expected Credit Loss (ECL). This position is accountable for model and assumption development and monitoring for the Allowance for Credit Losses estimation in line with the CECL standard, as well as support for stress testing and capital planning as needed. The Credit Analytics Quantitative Model Developer will be considered an expert resource in credit risk modeling, working closely with team members and other stakeholders such as business units and risk management, external auditors, and regulatory agencies.
**ESSENTIAL DUTIES AND RESPONSIBILITIES*** Provides quantitative support to the Bank’s efforts to manage credit risk in portfolios covering a range of asset classes, and ensure that the PD, LGD, valuation, and ECL models comply with all applicable regulations. For existing or third-party models, core competency involves understanding the purpose of the models, how they work, how they are used, how well they perform, and what effective challenges are to the current models.* Manages large and complex credit data sets using statistical tools and database technologies.* Designs, builds, and maintains internal and external statistical models to quantify the value of credit risk parameters independently.* Conducts macroeconomic forecasting, performs credit risk forecasting, and incorporates macroeconomic variables in credit risk models.* Performs model calibration, back-testing, sensitivity testing, and stress testing of statistical models.* Presents results to various groups of stakeholders, including senior management.* Delivers high quality documentation and presentations to support and maintain model and library use.* Works with the data governance team to document business requirements, and with information technology to ensure methodologies are accurately implemented in production systems.* Completes ad hoc projects as required.**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*** Business knowledge and familiarity with commercial/small business/retail banking products, operations, and processes.* Solid working knowledge of at least two programming languages: Excel VBA, SQL, Oracle SQL, R, Python, SAS, C++. SQL and Python preferred.* Working knowledge of PD/LGD and rating approaches, as well as key industry default and loss data from rating agencies and other vendors.* Ability to communicate technical information in writing. Publication in refereed journals is a plus.* Familiarity with model risk management best practices and regulatory guidance (OCC 2011/12 SR11-7).* Willing to develop new skill sets such as portfolio theory, macroeconomics (e.g., neoclassical), and extreme value theory.* Time management skills to prioritize multiple tasks in a fast-paced and evolving environment.**EDUCATION AND/OR EXPERIENCE*** Bachelor's Degree in a quantitative field required and* Master's Degree in Statistics, Mathematics, Physics, Economics or related field preferred* 4-6 years experience in statistical modeling within commercial banks and/or financial institutions 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*** ***.***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
or
Right to Work Notice
or #J-18808-Ljbffr
Billings, MT:
Sioux Falls, SD:
Boise, ID:
Bend, OR:
Omaha, NEtime type:
Full timeposted on:
Posted Todayjob requisition id:
2026-14416## ***\*\*If you are a current FIB employee, please apply through the Career Worklet in the*** ***.***This position can be located at Bend, OR; Boise, ID; Omaha, NE; Sioux Falls, SD and 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.* Generous Paid Time Off (PTO) in addition to paid federal holidays.* Student debt employer repayment program.* 401(k) retirement plan with a 6% match.* The health and happiness of the places we call home matter to us. Learn a little more about what we do for the
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 Credit Analytics Quantitative Model Developer will have experience in advanced statistical modeling, ideally with a variety of credit portfolios, and will be responsible for both the development and operation of credit risk models including Probability of Default (PD), Loss Given Default (LGD), Exposure at Default (EAD) and Expected Credit Loss (ECL). This position is accountable for model and assumption development and monitoring for the Allowance for Credit Losses estimation in line with the CECL standard, as well as support for stress testing and capital planning as needed. The Credit Analytics Quantitative Model Developer will be considered an expert resource in credit risk modeling, working closely with team members and other stakeholders such as business units and risk management, external auditors, and regulatory agencies.
**ESSENTIAL DUTIES AND RESPONSIBILITIES*** Provides quantitative support to the Bank’s efforts to manage credit risk in portfolios covering a range of asset classes, and ensure that the PD, LGD, valuation, and ECL models comply with all applicable regulations. For existing or third-party models, core competency involves understanding the purpose of the models, how they work, how they are used, how well they perform, and what effective challenges are to the current models.* Manages large and complex credit data sets using statistical tools and database technologies.* Designs, builds, and maintains internal and external statistical models to quantify the value of credit risk parameters independently.* Conducts macroeconomic forecasting, performs credit risk forecasting, and incorporates macroeconomic variables in credit risk models.* Performs model calibration, back-testing, sensitivity testing, and stress testing of statistical models.* Presents results to various groups of stakeholders, including senior management.* Delivers high quality documentation and presentations to support and maintain model and library use.* Works with the data governance team to document business requirements, and with information technology to ensure methodologies are accurately implemented in production systems.* Completes ad hoc projects as required.**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*** Business knowledge and familiarity with commercial/small business/retail banking products, operations, and processes.* Solid working knowledge of at least two programming languages: Excel VBA, SQL, Oracle SQL, R, Python, SAS, C++. SQL and Python preferred.* Working knowledge of PD/LGD and rating approaches, as well as key industry default and loss data from rating agencies and other vendors.* Ability to communicate technical information in writing. Publication in refereed journals is a plus.* Familiarity with model risk management best practices and regulatory guidance (OCC 2011/12 SR11-7).* Willing to develop new skill sets such as portfolio theory, macroeconomics (e.g., neoclassical), and extreme value theory.* Time management skills to prioritize multiple tasks in a fast-paced and evolving environment.**EDUCATION AND/OR EXPERIENCE*** Bachelor's Degree in a quantitative field required and* Master's Degree in Statistics, Mathematics, Physics, Economics or related field preferred* 4-6 years experience in statistical modeling within commercial banks and/or financial institutions 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*** ***.***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
or
Right to Work Notice
or #J-18808-Ljbffr