Capital Markets Sales & Trading Specialist

Old National Bank•Chicago, IL

1d•Onsite

About The Position

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving. We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

Requirements

Bachelor's degree in Business, Finance, Economics, or related field and/or H.S. diploma/GED with equivalent experience.
Three (3) or more years of experience in Foreign Exchange sales and trading, Treasury operations, Capital Markets operations, market Risk Management, or related Commercial Banking experience.
Working knowledge of Foreign Exchange products, Treasury services, Capital Markets operations, and regulatory requirements.
Demonstrated proficiency with Microsoft Excel and PowerPoint.
Strong analytical, organizational, and attention-to-detail skills.
Excellent written and verbal communication skills.
Ability to manage multiple priorities in a fast-paced environment.
Strong client service orientation and relationship management capabilities.

Nice To Haves

MBA, CFA, CTP, or related advanced designation preferred.

Responsibilities

Execute and manage foreign exchange transactions with clients and liquidity providers through telephone, electronic trading platforms, and online portals.
Provide foreign exchange pricing and market commentary to clients, relationship managers, and internal partners.
Understand market dynamics and appropriately price transactions based on client relationship and prevailing market conditions.
Assist with development of FX business through coordinated client calling efforts, sales presentations, and participation in relationship manager meetings.
Maintain knowledge of commercial credit concepts and support establishment of FX credit facilities for clients.
Understand global fixed income and currency markets and the impact on exchange rate pricing.
Develop expertise in all FX-related systems including trading platforms, market data systems, online banking applications, SWIFT, and settlement systems.
Manage Nostro account balances and ensure adequate liquidity exists to settle foreign exchange obligations.
Perform trade investigations, payment exception resolution, OFAC reviews, and transaction support activities.
Prepare materials and reporting for quarterly market risk reviews and management reporting.
Assist with reconciliation of foreign currency accounts and support operational controls and risk mitigation efforts.
Monitor and support transaction settlement activities while maintaining appropriate internal controls.
Coordinate onboarding and legal documentation for FX clients, including Dodd-Frank related requirements and other regulatory obligations.
Maintain client files and documentation, ensuring completeness and regulatory compliance.
Assist with client due diligence, legal entity documentation, and related reporting requirements.
Support regulatory examinations, audit requests, and internal compliance reviews.
Prepare departmental, management, and regulatory reporting as required.
Serve as a subject matter expert and resource for clients, Relationship Managers, Treasury Management Officers, Private Bankers, and Banking Center personnel.
Respond to inquiries regarding transaction status, payment processing, historical activity, and FX market issues.
Support foreign currency bank note activities and branch education across the footprint.
Partner with sales and marketing teams to develop client presentations, sales materials, and educational content.
Coordinate the preparation, review, and processing of trade related documentation, including letters of credit, amendments, drawing requests, and related documentation.
Act as a liaison between clients, relationship managers, operations teams, and correspondent banking partners to facilitate trade transactions.
Support compliance with trade services regulations and policies.
Assist with transaction investigations, document review, exception processing, and resolution of client inquiries.