FX SALES SUPPORT ANALYST

Full Time
Chicago, IL 60631
Posted
Job description
Overview:
Old National Bank is honored to be named one of the World's Most Ethical Companies for the 11th consecutive year!

Old National Bank was established in 1834. Today, we are the largest financial services holding company with dual headquarters in Chicago and Evansville, IN. We provide an array of services to our clients which include Community Banking, Investments, and Wealth Management. At Old National, we believe that by helping our team members balance work life with home life, we create a more productive workforce and a stronger company.

The Foreign Exchange Sales Support Analyst is a critical position within Old National Bank (ONB). The position will have responsibility for internal FX sales, client onboarding documentation and departmental and regulatory reporting. This role reports to the Head of Foreign Exchange and Global Trade Services, Senior Vice President.
The position will also include monitoring the trade capture and control of Foreign Exchange (FX) trades executed by bank clients on ONB’s online platform and via phone and email correspondence. Responsibilities include working with senior leadership in the Foreign Exchange group to determine appropriate pricing and quoting rates to clients.

Key Accountabilities
Trade Flow Management and Client Order Execution
  • Execute and manage foreign exchange transactions with clients and upstream bank trading partners directly via the phone or through on-line trading portals and chat rooms. The incumbent is expected to understand the dynamics of the FX market and quote the proper prices to clients.
  • Develop expertise in the use of ONB’s system of record for all FX transactions. The incumbent must also have or develop knowledge of multiple FX liquidity platforms.
  • Develop a working knowledge of Old National’s Treasury Management client platform called OnPointe.
  • Maintain working knowledge of commercial credit and be able to interact with Old National’s credit staff when establishing credit lines for FX clients.
  • Participates in special projects impacting the business
Sales
  • Develop FX client business by assisting in soliciting RMs and Bank clients in close coordination with Sales Traders. Prepare presentations ahead of RM Sales Meetings. Presenting FX department capabilities both internally and externally via client calling efforts coordinated with the ONB Sales Traders and Marketing.
  • Serve as the primary sales contact for the international trade letter of credit product. The incumbent will interact directly with the client, prepare LC documentation as needed, and communicate with upstream banking partners.
  • Work with ONB Banking centers to facilitate and manage the FX Bank Note business.
  • Assist clients with operational issues and payment investigations via communication with FX back office
Administration
  • Prepare legal documentation for Foreign Exchange (FX) client onboarding required under Dodd-Frank including corporate resolutions, eligible contract participant questionnaires, legal entity identifier protocol and end user exception reporting. Work directly with clients until all required documentation is complete.
  • Analyze, calculate, and obtain the appropriate FX Credit facility approval needed to support a client’s specific volume of FX business.
  • Maintain and update FX client files, ensuring all required documents are properly executed and in the file.
  • Ensure compliance with all applicable policies and regulations including internal ONB policies and Dodd-Frank regulations.
  • Provide ongoing client sales support by responding to inquiries from clients and bank relationship managers related to outstanding transactions, historical performance of transactions, and payment issues.
  • Create and maintain FX sales pipeline reports, period end Capital Markets performance scorecards, and sales presentations (PowerPoint).


Qualifications and Education Requirements
  • Bachelor’s degree in business or finance.
  • One to two years of experience in foreign exchange markets sales and trading, interest rate derivative trading, wealth management, treasury management, international trade services or commercial banking.
  • Strong attention to detail and sense of urgency.
  • Competence in using Microsoft Office suite of products, especially Excel and PowerPoint.
  • Excellent client skills, particularly via telephone and e-mail.
  • Knowledge of S.W.I.F.T. a plus


Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.


As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.


We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Head of Talent Acquisition, SVP, to fill a specific position

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