Foreign Exchange Trader I (Education)
Wintrust provides community and commercial banking, specialty finance and wealth management services through its 16 bank charters and nine non-bank businesses. Wintrust delivers the sophisticated solutions of a large bank while staying true to the relationship-focused, personalized service of our community banking roots. We serve clients in all 50 states with more than 200 branch banking locations in Illinois, southwestern Florida, northwestern Indiana, west Michigan and southern Wisconsin and commercial banking offices in Chicago, Denver, Milwaukee, Grand Rapids, Mich., and in key branch banking locations throughout Illinois. Our people are the heart of our business and we are proud to rank consistently as a top place to work. Wintrust is a $66 billion financial institution based in Rosemont, Illinois, and listed on the NASDAQ Global Select Market under the symbol “WTFC.”
Wintrust was founded with the idea to be the alternative to the big banks. We are looking for top talent to join Chicago's Bank®, as an FX Trader
Why join us?
An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 9 years) and Employee Recommended award by the Globe & Mail (past 6 years)
Competitive pay and annual discretionary bonus eligible
Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few
Family-friendly work hours
With 175+ community bank locations, we offer opportunities to grow and develop in your career
Promote from within culture
Position Overview:
The incumbent is responsible for learning and execution of FX Trading desk workflow and policy to assist in day to day processing of FX transactions under the direction of the VP, FX Trading. Duties will include processing client and bank transactions, reporting, assisting with customer needs on the execution side of things and participation in other initiatives to assist in the growth of the department.
What you'll do:
FX Desk Coverage: Responsible for aiding VP FX Trading in managing day to day flow from trading desk perspective including pricing transactions from manual channels, incoming wires, forwards, swaps and more. Includes keeping clients up to date via commentaries and conversations on current market conditions. Acts in a mindful manner and in the best interests of the bank from a risk and revenue perspective to help maximize P/L on bank FX opportunities. Expected to grow mastery of FX concepts and workflows over time.
Departmental Reporting: Responsible for running and upkeep of various system reports to support daily workflow, management visibility, regulatory requirements and more. Also includes improvement of reporting tools used by the department.
US Dollar Flow conversion/sales support: Work with FX sales team to highlight opportunities to convert customers sending international USD wires to sending FX. Includes ongoing analysis of current flows and preparation of reporting for opportunities based on banker, currency, etc. May also entail writing market commentaries.
Special Projects: Work on additional projects at the direction of ISG management to help expand ISG product capabilities and improve processes/best practices.
Qualifications:
Bachelor's degree or equivalent
1-5 years financial payments background
Experience in commercial banking with international products preferred
Experience with foreign exchange concepts and products and/or international payments preferred
Customer service experience with bank and corporate client bases
Ability to work independently, while establishing strong working relationships with other areas of the Bank
Comfortability with online payment portals
Ability to gain and apply knowledge of information systems
Strong organization skills with high attention to detail
Strong verbal and written communication skills are required
Ability to handle sensitive customer information and issues with tact and discretion
Background/interest in global financial markets, economics
Benefits:
Medical Insurance • Dental • Vision • Life insurance • Accidental death and dismemberment • Short-term and long-term Disability Insurance • Parental Leave • Employee Assistance Program (EAP) • Traditional and Roth 401(k) with company match • Flexible Spending Account (FSA) • Employee Stock Purchase Plan at 5% discount • Critical Illness Insurance • Accident Insurance • Transportation and Commuting Benefits • Banking Benefits • Pet Insurance
Compensation:
The estimated salary range for this role is $59,000 - $79,000, along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors, such as a candidate's qualifications, skills, and experience.
#LI-ONSITE
From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To build a company that reflects the communities we serve, we believe that fostering a unique and inclusive workplace where everyone feels valued and empowered to succeed will support our ongoing success. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, disability, veteran status, genetic information, and other legally protected categories.
