FX Trade Associate at FairMoney Nigeria

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.

Title: FX Trade Associate

Location: Lagos (Remote)

Employment Type: Full-time

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 online