VP, Foreign Exchange Trading (Sales)
Wintrust is a financial holding company with approximately $62 billion in assets whose common stock is traded on the NASDAQ Global Select Market. Guided by its “Different Approach, Better Results” philosophy, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. In addition, Wintrust operates various non-bank business units, providing residential mortgage origination, wealth management, commercial and life insurance premium financing, short-term accounts receivable financing/outsourced administrative services to the temporary staffing services industry, and qualified intermediary services for tax-deferred exchanges. Our unique business model is a competitive strength and value driver, powered by our talented colleagues who put our customers first and achieve better results for our clients.
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 discretionary or incentive 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
Why join this team?
We have a culture that encourages an entrepreneurial spirit
We offer multiple opportunities for development and upward mobility
What You'll Do:
The VP of Foreign Exchange Trading is responsible for the risk management of daily Foreign Exchange flows to maximize bank revenue as well as reduce risk. Includes development of junior staff to broaden desk coverage in the bank as the organization grows.
Responsible for managing day to day flow from trading desk perspective including pricing transactions from manual channels, incoming wires, forwards, swaps and more.
Keeps 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 Foreign Exchange opportunities.
Supervises Junior Foreign Exchange Associate, passing on knowledge of day-to-day workflow as well as general Foreign Exchange and payment knowledge.
Responsible for monitoring growth of Associate while ensuring done so in a prudent fashion regarding risk to the bank.
Works within the International Services Sales team, assist with cross selling Wintrust's Foreign Exchange Products to existing and prospective clients throughout the commercial and business banking groups.
Collaborate with broader Foreign Exchange team to enhance product capabilities and identify revenue opportunities.
Other duties as assigned.
Qualifications:
7-10 years in Foreign Exchange Trading;
Experience in Commercial banking with International Products, concepts, international payments including execution of spot, forward, and swap contracts
Bachelor Dree or equivalent experience
Customer service experience with bank and corporate client bases
Experience with online payment portals
Knowledge of information systems
Strong knowledge of FX market fundamentals, trading systems and common daily workflows
.Advanced Computer Skills
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 annual salary range for this role is $71,000-$125,000, 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-HYBRID
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 be Chicago's Bank® and Wisconsin's Bank®, we need to reflect that diversity both in all the communities we serve, the people we employ, the organizations we work with, and our banking and lending practices. 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, national origin, sex, sexual orientation, gender identity and expressions, genetic information, marital status, age, disability, or status as a covered veteran or any other characteristic protected by law.
