FairMoney Nigeria is building the leading mobile bank for emerging markets. We started with a digital microcredit application on Android, and currently roll out additional financial services (current account, savings, debit card) while expanding the product to Western Africa and South-East Asia.
We are recruiting to fill the position below:
Job Title: FX Trade Associate
Location: Lagos (Remote)
Employment Type: Full-time
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Job Summary
- The FX Trader is responsible for managing the FX margins and rates for our B2B Cross – Border Payments Trades. Responsible for positive positions and high net trade margins
- The ideal candidate must bring a sound understanding and previous experience with Fintechs, treasury management, FX rates, and currency risk management tools.
Key Responsibilities
- Execute and match large block trades within the market
- Developing and contributing OTC sales strategies then guiding and driving the team on how to approach those strategies
- Familiarity with deliverable FX market regulations and compliance (preferred)
- Knowledge of the foreign exchange markets and trading platforms (preferred)
- Providing internal stakeholders with daily market/pricing information.
- Working closely with the Sales teams or clients and internal stakeholders to ensure accurate trade capture, manage risks and deliver excellent client servicing.
- Booking of trades and ensuring accuracy of positions.
- Ensuring all trades are booked correctly and liaising with the sales team or clients to address any discrepancies in a timely manner.
- Reconciling present value of trades between the sales team and treasury middle office at the end of each day and accounting for all daily outstanding and unprocessed trades.
- Ensuring compliance with and enhancing control processes around trade booking, verification and reconciliation.
- Focus efforts to generate scalable, repeatable and predictable volume, net revenue and gross profit.
- Reporting: Analyze and present data to key internal stakeholders in order to inform impactful business decisions and help adapt tactics that drive profitable growth within the region.
Requirements
- Bachelor’s Degree in Business Administration, Finance, Economics, or a related field.
- Strong understanding of treasury management, FX rates, and currency risk management tools.
- Track record of successfully scaling revenue and managing large-scale client relationships.
- Excellent analytical skills with the ability to interpret sales performance metrics.
- Strategic thinker with a focus on innovation and sustainable growth.
- Outstanding communication and interpersonal skills, with the ability to collaborate across functions and influence stakeholders.
Benefits
- Private Health Insurance
- Pension Plan
- Training & Development
- Hybrid work
- Paid Time Off
Application Closing Date
Not Specified.
Method of Application
Interested and qualified candidates should:
CLICK HERE TO APPLY