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Sr. Analyst-Transactional FX (Foreign Exchange)-Hybrid

Northern Trust
London, United Kingdom
Closing date
Jun 7, 2023

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Job Function
Investment Advisor/Consultant
Industry Sector
Finance - General
Employment Type
Full Time
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.

Role Summary:

The transactional FX team sits within the Global Foreign Exchange team of the Corporate & Institutional Services business which aims to provide best in class front-to-back services to Global Asset Managers and Asset Owners. The team is responsible for defining and executing the strategy globally for a range of transactional FX capabilities and services to support the growing sophistication in the Northern Trust client base. This is a role responsible for helping to execute the transactional FX product strategy of the Foreign Exchange business unit.

The transactional FX Specialist is primarily responsible for supporting the full life cycle and development of various global Foreign Exchange products in the Capital Markets business. This suite of products includes traditional custody FX solutions, our security related FX outsource solution (Complete FX), and all restricted market FX products. The specialist must have a deep operational understanding of these products in order to continuously drive improvements and serve as a subject matter expert for clients who utilize them.

To be effective, the role requires analytical and problem-solving skills and credibility amongst a large and diverse set of constituents including both senior management and numerous partners across Capital Markets, Operations & IT. A strong business sense and the ability to proactively seek commercialization opportunities as well as very strong client facing abilities are also required.

The role will engage across the organization to ensure timely, relevant and robust deployment of services to meet client needs. This role will also be responsible for and/or contribute to broader capital markets related activities as required. This role is critical in building for the future of Northern Trust and its clients.

The key responsibilities of the role include:
  • Responsible for oversight of day-to-day operations across suite of transactional FX products
  • Manage the onboarding process for new clients, beginning with legal documentation and continuing throughout the entire implementation process
  • As a primary or secondary point of client contact, provide high touch service as part of daily correspondence and when responding to client questions and requests
  • Act as a subject matter expert across all restricted markets from an operational, regulatory, and trading perspective
  • Lead in introducing new product enhancements by coordinating across multiple internal teams
  • Manage marketing materials across the suite of products, including maintaining detailed restricted market guides
  • Providing sales support including presenting at client and prospect meetings
The ideal candidate will have a fair amount of the following experience and skill:
  • A background in Foreign Exchange industry, including but not limited to: Custody FX, security related FX outsource solutions, Restricted Markets, Currency Management and E-Commerce
  • An understanding of custody processes related to international security trades, corporate actions, SWIFT messages, payments, and client reporting
  • Experience with FX in restricted markets from a regulatory, operational, and trading perspective
  • Knowledge of all components of third-party FX in both developed and restricted markets
  • Strong business foundations, including an understanding of what it takes to commercialize a product or service
  • Demonstrated ability to effectively interface with clients
  • Demonstrated ability to work independently or in a global team environment
  • An analytical background with the ability to understand and navigate complex client FX data solutions. Strong Excel/macro capabilities.
  • Interpersonal and communication skills required to liaise effectively with members of the organization at all levels
  • Demonstrated ability to carry out complex initiatives involving multiple disciplines and/or ambiguous issues
  • Demonstrated skills in listening to and influencing stakeholders at all levels, conveying complex topics
  • Good communication skills; verbal, non-verbal and written
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 and apply 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

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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