Senior Fixed Income Investment Analyst

This position can be located at Billings, MT; Bend, OR; Boise, ID, Omaha, NE and Sioux Falls, SD.

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 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 Fixed Income Investment Analyst is a key contributor to the Corporate Treasury team with deep subject matter expertise developed in investment securities analysis, investment portfolio analysis, liquidity, interest rate risk, capital, and capital market risk management. This key position is a leader with ability to independently manage multiple projects, conduct analysis and present findings/conclusions/recommendations to Corporate Treasury leadership team, senior management and executive management.

The Senior Fixed Investment Analyst will lead tactical and day-to-day responsibilities related to one or more of the following: investment and portfolio analysis, liquidity management, liquidity stress testing, capital management, capital stress testing, interest rate risk analysis, investment and portfolio analysis, and SEC reporting while ensuring compliance with relevant regulatory guidance, internal policies and procedures, tight controls, a repeatable process that optimizes technology and SOX compliance.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Provides analytical leadership, project management and presentation development to assist Corporate Treasury management to meet strategic, tactical and daily objectives in following areas of Fixed Income Portfolio Management:
  • Conduct fundamental analysis on First Interstate's fixed income investment portfolio. Analysis will be both bottom up (security specific) and top down (portfolio and sector level) in assessing bonds from a variety of asset classes/issuers. Analysis will also be conducted as part of strategic balance sheet management, partnering with other subject matter experts (SME) to provide insight on First Interstate's investment portfolio in context of balance sheet management.
  • Be a subject matter expert on all securities in First Interstate's fixed income investment portfolio with deep knowledge of drivers of security specific cash flows, supply/demand trends and macro market conditions. Conduct diligence on new investment opportunities and monitor performance of existing investments. Enhance existing processes and develop new processes to further understanding of fixed income investment portfolio.
  • Lead on relative value and portfolio optimization with view towards identifying opportunities that meet return on capital objectives and organization risk tolerances.
  • Conduct Interest Rate Risk analysis of securities portfolio and partner with Corporate Treasury Interest Rate Risk team to evaluate and make recommendations on portfolio optimization to achieve organization interest rate risk objectives.
  • Conduct Liquidity Risk analysis of securities portfolio and partner with Corporate Treasury Liquidity Risk team to evaluate liquidity risk of investment portfolio.
  • Conduct analysis of securities portfolio and partner with Corporate Treasury Capital team to evaluate risks to capital of investment portfolio and identify solutions to manage risk.
  • Provide back-up to Capital Market Director in capital market execution activities.
• Work in alignment with FP&A in preparation of the annual operating budget, business case development and ongoing financial forecasting.
• Work in alignment with Corporate Accounting to facilitate various SEC and regulatory reporting requests.
• Develop junior Corporate Treasury talent to create capacity, accelerate collaboration and develop future Corporate Treasury subject matter experts.
• Assist Corporate Treasury management to address audits, model validations, counterparty risk assessments, business continuity plans, application risk assessments, and other applicable requests from the 2nd and 3rd lines.

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

• Working knowledge of bank investment portfolio management strategies.

  Strong analytical skills.

• Ability to manage multiple projects simultaneously and present findings to senior and executive management.

• Strong verbal and written communication skills.

• High proficiency in basic PC applications (Microsoft Word / Excel/ PowerPoint). Proficiency in data analytics and knowledge of SQL or other programing languages (e.g.: Python, R) a plus. Knowledge of Tableau a plus.

• Strong knowledge of fixed income pricing methodologies, prepayment and default models.

• Ability to build and maintain relationships

• Skilled in maintaining confidentiality.

EDUCATION AND/OR EXPERIENCE

• Bachelor's Degree with emphasis in Finance, Accounting, Economics, Mathematics, or Engineering required or
• Master's Degree MBA preferred
• 4-6 progressive Fixed Income Investment experience, with developed expertise in one or more of the following of the following asset classes (RMBS, CMBS, CLO, ABS, Municipals, Corporates) and experience in fixed income analytics and research using fixed income packages such as Bloomberg, Intex and Yield Book required.

LICENSES AND CERTIFICATIONS

• Chartered Financial Analyst (CFA) preferred

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