Treasury Associate

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

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.
• Child Care Assistance Program for eligible dependent(s).
• Exercise reimbursement program for employees.
• 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 #Team First Interstate .

The Treasury Associate will support core treasury functions such as liquidity management, capital planning, and regulatory reporting, while also contributing to mortgage‑related secondary market activities, including loan pricing, pooling, delivery to agencies, and pipeline risk management. This position requires strong financial and analytical skills, cross‑functional collaboration, and a solid understanding of both treasury operations and the mortgage capital markets.

• Daily management of mortgage rate locks, mortgage pricing analytics, and the enforcement of policies and procedures.
• Coordinates with Home Loans for loan officer training and support.
• Researches investor, GSE, and regulatory guidelines; provides product and pricing support; and develops Secondary Market procedures.
• Coordinates with Mortgage Servicing for the timely delivery and sale of mortgage loans.
• Assists with mortgage investor management and recertification.
• Contributes to interest rate risk management through the preparation and distribution of daily mortgage rate sheets, allocation of loans for sale, and daily management of the mortgage hedge within policy constraints, while maximizing profit on loan sales.
• Assists in the management of the Optimal Blue Product and Pricing Engine to onboard/offboard investors, manage margins, update SRP, set lock rules and functionality, manage product eligibility, and perform system administration.
• Assists in user administration for all third‑party mortgage investor websites.
• Assists in the preparation of reports, dashboards, and presentations for senior management.
• Assists in operational tasks and analysis related to First Interstate’s fixed income portfolio.
• Assists in conducting and supporting FTP/ALM processes, including data gathering, populating the FTP/ALM model with bank data, and validating assumptions.
• Assists Corporate Treasury Management in working in alignment with Corporate Accounting to facilitate various SEC and regulatory reporting requests.
• Assists in preparing Corporate Treasury reports, presentations, and models.
• Assists with audits, model validations, counter party risk assessments, business continuity plans, application risk assessments, and other applicable requests from the 2nd and 3rd lines.
• Assists with the preparation and distribution of commercial and consumer rate sheets.
• Assists with all other Corporate Treasury functions as assigned.

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.

• Solid understanding of mortgage processes, systems, pricing strategies, underwriting guidelines, and regulatory requirements; experience with secondary mortgage markets and capital markets preferred.
• Familiarity with fixed income securities, including basic principles of bond pricing, yield curves, and market dynamics.
• Intermediate to advanced proficiency in Microsoft Office Suite (Excel, Word, PowerPoint, Outlook); experience with financial modeling, data analysis, and treasury/mortgage platforms (e.g., Optimal…