Senior FX Business Manager, Risk & Control

Northern Trust • Chicago, IL

6d • Hybrid

About The Position

Northern Trust provides global coverage for our clients, and trades in 70+ countries through our comprehensive FX capabilities. We are looking to hire a Specialist in the Global Foreign Exchange (GFX) Business Enablement group, to join a new and growing team. The GFX Business Enablement group is responsible for the business administration and oversight of the risk & control environment for GFX. In this role, you will be Reporting into the GFX Head of Business Enablement, supporting the Foreign Exchange trading desk.

Requirements

• Proven professional experience at within financial services or consulting firm and possesses a deep knowledge in Foreign Exchange trading
• Understanding and/or experience of a robust Risk & Control framework, including operating within a 3 lines of defense model
• Proven capability in high-quality execution, including both independent delivery, as well as supporting cross-functional stakeholders to drive change
• Has deep knowledge of key business processes, products and services within the GFX
• Excellent oral and written skills with the ability to present complex information that can be understood by non-subject matter experts
• Excellent analytical and problem solving skills
• Good stakeholder management skills, with a proven ability to work with team members of all levels across regions and time zones

Responsibilities

• Co-ordinate and manage documentation around business interaction with internal audit, risk & control teams, bringing in relevant SME’s where required and ensuring deliverables are consistently met
• Work within the NT issue management standards following any issues until resolution
• Work with Sales & Trading partners to provide business support, allowing those teams to prioritize client facing and risk management responsibilities
• Document existing processes: draft policies, procedures, process flows, and other key documentation required to support the FX business
• Liaise with key stakeholders across the 3 lines of defense to understand enterprise risk program standards and demonstrate how the business is addressing those risks
• Partner with subject matter experts to write-up any incidents or near misses, or loss events
• Assess existing front-office processes and help identify strategic changes identified as improvement opportunities
• Develop strong knowledge of regulations, policies and procedures relevant to GFX, and take lead in ensuring regulatory and enterprise standards are met

Benefits

• retirement benefits (401k and pension)
• health and welfare benefits (medical, dental, vision, spending accounts and disability)
• paid time off
• parental and caregiver leave
• life & accident insurance
• other voluntary and well-being benefits
• discretionary bonus program that may include an equity component

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed