Capital Markets Analyst - Billings

  • First Interstate Bank
  • Billings, MT, USA
  • May 18, 2023
Full time Analysis Banking

Job Description

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.



The Capital Markets Analyst is responsible for supporting Treasury’s Capital Markets operations encompassing the Bank’s investment portfolio, money desk and daily liquidity management, the interest rate hedging program, BOLI portfolio and any other Treasury related operational need.  The position will also be responsible for the drafting and ongoing maintenance of operating procedures.


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

  • Support Treasury in the operational needs of the money desk, to include the pledging and safekeeping of securities, and management of daily cash positions.
  • Produce and submit all reporting to state agencies, the FHLB and the FRB associated with the Bank’s money desk.
  • Monitor pricing of wholesale deposits and funding options.
  • Responsible for the timely submission of collateral documentation pertaining to internal and external audits of the money desk.
  • Assist in the oversight & governance of daily liquidity monitoring and measurement of exposure.
  • Assist in the maintenance of liquidity model assumption documentation, policies and procedures.
  • Assist in the preparation of reports for delivery to ALCO, risk committees, senior management, and parent company.
  • Act as dual control back-up support for securities purchase and sale operational activities.
  • Provide operational support and analyses for the interest rate hedging program as needed.
  • Provide operational support for the BOLI portfolio, including analysis of individual securities and carriers as needed.
  • Work with other departments within the Bank to generate information flow and consistency.



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.



Bachelor’s degree in Finance, Accounting, Economics, Mathematics or related field.  Five (5) years of treasury, ALM, credit research, portfolio analysis, banking, or accounting experience preferred, or equivalent combination of education and experience. 



Strong analytical skills; Strong verbal and written communication skills; Ability to work in a fast-paced environment, with strong competency on prioritization and task management; High proficiency in basic PC applications (Microsoft Word / Excel/ PowerPoint); Ability to build and maintain relationships; Ability to maintain confidentiality.



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 general public.



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.



Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.  Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.



While performing the duties of this job, the employee is regularly required to sit, use hands and fingers to handle or feel, reach with hands and arms, and talk or hear.  The employee must occasionally stand, walk stoop, kneel, crouch or crawl, lift and/or move up to 25 pounds.  Specific vision abilities required by this job include close vision, color vision, peripheral vision and ability to adjust focus.



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.