Old National Bank

Foreign Exchange & Global Trade Services Director

Old National Bank$127K — $258K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance, Economics, International Business, or related field; advanced degree or professional certifications preferred.
  • Minimum 10 years of experience in Foreign Exchange, Global Trade Services, or related financial services with leadership in an FX or Treasury Solutions business.
  • Expertise in foreign exchange markets and risk management, familiar with various hedging strategies.
  • Comprehensive understanding of international banking regulations and compliance, including AML, KYC, and OFAC standards.
  • Successful track record of developing revenue growth strategies and executing them effectively.

Responsibilities

  • Guide investments in product capabilities and technology.
  • Set budget and oversee project performance.
  • Develop and execute initiatives to grow FX and Global Trade Services revenue.
  • Partner with stakeholders to identify new business opportunities.
  • Monitor market trends and adjust strategies as needed.
  • Lead a team of trading risk managers and sales professionals.
  • Foster a culture of collaboration and exceptional client service.

Benefits

  • Comprehensive health and wellness programs.
  • Retirement savings plans with competitive employer match.
  • Generous PTO policy that supports work-life balance.
  • Continuous professional development opportunities.
  • Collaborative and innovative work environment.
Full Job Description
Overview

The Foreign Exchange & Trade ServicesDirectoris responsible forthe strategic leadership, growth, and day-to-day management of Old National Bank's Foreign Exchange (FX) and Global Trade Services (GTS) businesses. This role oversees business development, client engagement, product strategy, risk management, sales execution, and operational effectiveness while partnering closely with Commercial Banking, Treasury Management, Credit, Operations, Risk, Compliance, and Executive Leadership.

Theylead efforts to expand foreign exchange and trade finance revenue by delivering consultative solutions to commercial and middle-market clients with international banking needs. This individual will serve as the bank's subject matter expert for foreign exchange risk management, international payments, and trade finance solutions while fostering strong internal partnerships across the organization.

The Foreign Exchange & Trade ServicesDirectorprovides strategic leadership and oversight forOldNational Bank's Foreign Exchange (FX) and Global Trade Services (GTS) business. This individualis responsible fordriving revenue growth, expanding client relationships, enhancing product capabilities, and ensuring strong risk and operational management across the international banking platform.

This role combines business development, strategic leadership, productexpertise, and cross-functional collaboration to support the continued growth and success of Old National Bank's international banking capabilities.

Salary Range

The salary range for this position is $127,900/yr - $258,600/yr plus bonus. The base salary indicated for this position reflects the compensation range applicable to all levels of the role across the United States. Actual salary offers within this range may vary based on a number of factors, including the specific responsibilities of the position, the candidates relevant skills and professional experience, educational qualifications, and geographic location.

KeyAccountabilities

  • Guideinvestments in product capabilitiesand technology.
  • Set budgetandoverseesprojectperformance.
  • Setgoals for market and coverage models as ONB grows.
  • Develop and execute strategic initiatives to grow Foreign Exchange andGlobalTrade Services revenue across the Old National organization.
  • Partner with Relationship Managers, Treasury Management Consultants, Private Bankers, and other key stakeholders toidentifynew business opportunities.
  • Establish annual business plans, revenue goals, and growth objectives aligned withorganizational priorities.
  • Collaborate with the executive team to ensure alignment with overall business goals andobjectives
  • Leada team oftradingrisk managers, sales professionals, and other key roles to support the FX business.
  • Monitor market trends, business performance, client activity, and profitability metrics toidentifyopportunities and adjust strategies as needed.
  • Foster a culture of collaboration, accountability, innovation, and exceptional client service.
  • Partner with executive leadership to advance strategic initiatives that enhance the bank's international banking platform and client experience.

KeyCompetenciesfor Position

DevelopsTalent -Maximizes capabilities withinteam.

  • Develops team members' effectiveness in their current and future roles through development activities.
  • Identifiesissues, continuouslyprovidescoaching, mentoring,feedbackand support to aid in building trust, development and promotability.
  • Cultivates an environment of trust andoptimizestalents and capabilities ofteam.
  • Identifiesthe right people for the right role whileleveragingdiversity.

Delights Clients -Consistentlyseeksand leveragesknowledgecreating a best-in-class experience for clients and team members.

  • Supports an environment for passionately serving internal/external clients with excellence.
  • Nurtures a growth mindset by staying current with developments and trends related to role and sharing information with teamidentifyingpotential client impact.
  • Understands data,metricsand/or financial information and how they tie to business outcomes related to client,teamand business area.
  • Creates an environment of accountability where team nurtures client relationships by listening,prioritizingand acting responsibly to meet client needs, mitigate risk and add shareholder value.

Strategy in Action 6Fosters strategic capability in self and others.

  • Connects work to the broader goals (i.e., team, line of business) and communicates teammember'srole in contributing to Old National's strategy and goals.
  • Demonstrates awareness and understanding of environmental factors influencing their role.
  • Anticipates,identifies, and articulates potential issues and opportunities and effectively responds.
  • Identifiesimmediate, near-term opportunitiesrequiredfor business impact while exploring multiple viewpoints to generate and implement newideasimproving performance.
  • Inspires others to personally contribute to the organizations success for the long term.

Makes Decisions & Solves Problems -Seeks deeper understanding,identifiesalternative solutions, and drives sound decisions.

  • Identifies, evaluates, and owns problems and opportunities along withpossible solutionsthrough effective collaboration.
  • Collaborates andseekstoidentifywhat caused the issue, comparing data fromdifferent sourceswithin Old National to draw conclusions.
  • Useseffective approaches for choosing a course of action or developingappropriate solutionsresulting in sound decisions.
  • Implementsappropriate solutionsand evaluates results withinteam.

Qualifications and Education Requirements

  • Bachelors degree in Finance, Economics, International Business, Banking, or a related field; advanced degree and/or professionalcertificationspreferred; and/or H.S. Diploma/GED with equivalent experience.
  • Minimum of 10 years of progressive experience in Foreign Exchange, Global Trade Services, International Banking, Treasury Management, or related financial services, including leadership responsibility for an FX, International Banking, Trade Services, or Treasury Solutions business.
  • Deepexpertisein foreign exchange markets and risk management, including spot, forward, swap, and option-based hedging strategies, with a proven ability to advise commercial and middle-market clients.
  • Comprehensive knowledge of international banking and trade finance, including cross-border payments, global treasury solutions, trade finance products, and domestic and international payment systems (SWIFT, Fedwire, CHIPS, ACH, SEPA, and related clearing and settlement networks).
  • Strong understanding of regulatory, compliance, and risk management frameworks, including AML, KYC, OFAC,sanctionscompliance, operational controls, and international banking regulations.
  • Demonstrated success developing and executing strategic growth initiatives that drive revenue expansion, client acquisition, market penetration, profitability, and overall business performance.
  • Exceptional communication, presentation, and consultative skills, with the executive presence and ability to influence C-suite executives, business owners, senior commercial bankers, and key stakeholders.
  • Proven ability to build andmaintainstrategic partnerships across Commercial Banking, Treasury Management, Credit, Operations, Risk, Compliance, and Executive Leadership teams.
  • Knowledge of foreign exchange and trade-related legal documentation, including ISDA agreements, trade finance instruments, pricing strategies, and contractual frameworks.
  • Established industry network and thought leadershipdemonstratedthrough market presentations, client advisory engagements, economic outlook discussions, and participation within the international banking, treasury, and trade finance communities.
  • Ability to work on multiple complex projects simultaneously, managing time and resources to ensure work is completed efficiently and within establishedtimeframes.
  • Computer literate; fluency in Microsoft Office programs, Excel analysisrequired
  • Strong problem-solving and follow-up skills with the ability to make independent decisions based on researched conclusions
  • Knowledge of banking products, services, policies,proceduresand regulations
  • Position may require the need to travel to other Old National,clientor meeting locations.

Key Measures of Success/Key Deliverables:

  • Ensure full compliance with all bank policies, procedures, regulatory requirements, risk management standards, and industry best practices whilemaintaininga strong control environment and minimizing operational, regulatory, and reputational risk.
  • Drive achievement of annual Foreign Exchange (FX) and Global Trade Services revenue, profitability, and growthobjectivesthrough the development and execution of strategic business plans that expand product penetration across Commercial Banking, Private Banking, Wealth, Treasury Management, and other targeted client segments.
  • Grow market share byidentifying, developing, and converting new international banking, foreign exchange, and trade finance opportunities throughout the bank's footprint.
  • Lead, develop, and mentor a high-performing team by setting clear performance expectations, coaching for success, and fostering a culture of accountability, collaboration, and client-centricity.
  • Strengthen enterprise-wide awareness, adoption, andutilizationof Foreign Exchange and Global Trade Services capabilities through education, training, and strategic partnership initiatives across business lines.
  • Collaborate with Product, Operations, Technology, Risk, Compliance, Legal, Credit, and other key stakeholders to enhance processes, improve operational efficiency, and support the continued evolution of the bank's international banking platform.
  • Provideaccuratebusiness forecasting, performance reporting, market intelligence, and strategic recommendations to executive leadershipregardinggrowth opportunities, industry trends, and business performance.

About Old National Bank

Old National Bank is a regional bank with its headquarters in Evansville, Indiana. It is the largest financial services holding company headquartered in Indiana and operates in Indiana, Kentucky, Michigan, Wisconsin, and Minnesota. The bank offers a range of financial services, including personal and business banking, wealth management, and insurance. Old National Bank has a strong commitment to community involvement and has been recognized for its philanthropic efforts. The bank has received numerous awards for its workplace culture and has been named one of the Best Banks to Work For by American Banker.
Learn more about Old National Bank
Size
4,333 employees
Market Cap
$5.1 billion
Industry
Net Income
$226.4 million
Founded
1834
5 Year Trend
+7.4%
NASDAQ

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