Global Head of Foreign Exchange Operations page is loaded

Global Head of Foreign Exchange Operations

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Working Model: Hybrid

We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home.

Role/Department:

Responsible for managing NTS Global Foreign Exchange (FX) and Treasury Operations, providing leadership, guidance, planning, direction, and control to the FX operations teams. Oversees and directs activities, ensuring that resources are available to accomplish the business objectives. Develops, implements, and communicates an overall strategy in collaboration with the global FX leadership team and regional department heads.

The key responsibilities of the role include:

• Develops, implements, and communicates an overall strategy to meet both the Business Unit's and Corporation's strategic plan. Directs the activities of those areas toward accomplishing those objectives by turning strategic intent into tactical plans.

• Focuses on building and maintaining a premier FX Operations team with an elevated level of client service, in line with NT’s corporate values of Service, Integrity and Expertise.

• Maintains strong relationships with the FX sales, trading, and client service teams to better meet the needs of the client.

• Promotes cross-regional co-ordination of activities and standards.

• Drives an attitude of continuous improvement within the global team, encouraging innovation and the search for productivity gains and cost reductions.

• Encourages an environment of employee participation, teamwork, and open communication.

• Ensures adequate systems and controls are in place such that all functions in area of responsibility:

• Comply with all legal and statutory requirements applicable, including but not exclusively CFTC, MAS, ESMA and MIFID regulations, employment legislation, health and safety and corporate governance.

• Comply with any applicable corporate policies, local standards, and service agreements.

• Ensures FX compliance with NTS accounting policy and various reporting’s including SOX and 2052a.

• Balance the interests and requirements of clients and the bank.

• Ensures conformity with Treasury, Balance sheet and Credit risk requirements.

• Assumes responsibility for overall risk management, including business continuity andrecovery across Global FX Operations.

• Sponsorship/management of projects with relevance to Global FX Operation.

• Acts as the senior client-facing Operations presence for Global FX, in prospective client pitches, due diligence visits, strategic initiatives or significant incidents.

• Guides on FX role in a global custodian, ensuring representation in all aspects.

• Represents Operations on applicable internal committees and councils including but not limited to FX Risk Council, SWAP Dealer Council and other internal governance forums.

• Represents NTS FX Operations on industry committees including GFXD, FXJSC and participates in other industry development bodies in example CLS and the FX Code.

• Acts in accordance with the FCA conduct Rules and Northern Trust Fitness and Propriety Persons expectation.

• Demonstrated experience in increasingly senior roles.

• Experience in senior roles within a major company in the same business sector.

• Effective communicator with the ability to articulate and develop an argument in an environment of assertive executive directors.

• Skills in translating broad strategic intent into tactical plans and directions.

• Detailed knowledge of industry obligations, FX regulations, balance sheet regulation and controls.

• #LI-GG1

• #LI-hybrid

Skills/ Qualifications:

• Proven experience in a major financial services business which has seen substantial year on year growth preferred.

• Demonstrated experience of managing large teams and a group of managers.

• The challenges faced by senior management operating within a heavily regulated and fast faced environment

• Proven track record in managing business activities and methods for mitigating risks.

• The challenges faced by senior management operating within regulated financial services legal entities across multiple jurisdictions

Salary Range:

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including 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, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve!Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us andapply today.#MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com .

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.

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A global financial leader with more than 22,000 employees in 23 locations worldwide, Northern Trust empowers our employees to achieve more than just business goals. Our focus on work-life balance, career mobility and unique opportunities are just a few of the reasons we’ve been named one of the world’s most admired companies.

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), +630-276-5353 (Asia Pacific), 1800-425-0333 (India), +44(0)207 982 4357 (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

Equal Employment Opportunity Statements

APAC/INDIA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

EMEA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

USA EEO STATEMENT

It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status.