FX Trader Associate at FairMoney Nigeria (Remote)

FairMoney Nigeria is recruiting for anFX Trader Associate.

To learn about the eligibility criteria and mode of application for FX Trader Associate at FairMoney Nigeria,  kindly read on!

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Summary of FX Trader Associate at FairMoney Nigeria

Company	FairMoney Nigeria
Category	Job
Type	Remote
Title	FX Trader Associate
Experience level	4 years plus
Location	Remote
Deadline:	Not given

About FairMoney Nigeria

The pioneering mobile banking institution known as FairMoney focuses on providing credit to developing countries and regions.  Tiger Global, DST, and Flourish Ventures are just some of the well-known global investors who have contributed in excess of fifty million euros to the company since its founding in 2017. 

The company’s primary operations are currently concentrated within the borders of Nigeria.

 Viewing this informative video will allow you to gain a more in-depth understanding of the pivotal role that FairMoney plays in reshaping the financial landscape of Africa.

About the role:

• As an FX Trade Associate at Fairmoney, you will be responsible for controlling FX margins and rates for our B2B Cross-Border Payments trades.  This role includes managing good positions and increasing trade margins, which contribute to the company’s overall profitability.  
• The ideal applicant will be well-versed in Fintechs, treasury management, FX rates, and currency risk management tools, as well as a track record of successfully managing big block trades and collaborating with internal and external stakeholders.

Requirements for FX Trader Associate at FairMoney Nigeria

• Experience: Previous experience in FX trading, treasury management, or working with Fintechs is desired
• Technical Skills: Strong awareness of FX rates, currency risk management tools, and foreign exchange market dynamics
•  Knowledge: Familiarity with deliverable FX market laws and compliance standards is preferred, as well as knowledge of trading systems.
•  Analytical Skills: Strong ability to assess and report market data to guide corporate choices and optimize trading strategies
• Collaboration:  Proven experience working directly with internal teams (Sales, Treasury) and external clients to guarantee proper trade capture and risk management
• Attention to Detail:  Excellent attention to detail with a focus on accuracy in trade execution, booking, and reconciliation
• Strong Communicator: Ability to communicate well with both internal stakeholders and clients, ensuring clear and timely information flow
•  Problem-Solver: Strong problem-solving skills, with the capacity to handle differences and trade concerns swiftly and effectively
• Results-Driven: A emphasis on attaining high trade margins, revenue growth, and operational efficiency, contributing to the total profitability of the firm
• Adaptable: Ability to work in a fast-paced setting with altering business needs, market conditions, and regulations.

Key responsibilities:

• Execute and match large block trades efficiently to meet customer needs.
• Develop and contribute to OTC sales strategies.
• Take an active role in establishing OTC sales strategies, guiding and driving the team on the best way to implement these plans.
• Regulatory knowledge and compliance:
• Bring experience with deliverable FX market regulations and compliance requirements (recommended) to ensure all activities are in line with regulatory norms.
• Foreign Exchange Market Expertise:
• Demonstrate a solid understanding of foreign currency markets and trading platforms (recommended), and use this expertise to optimize deal execution.
• Provide internal stakeholders with daily market updates, pricing information, and projections to aid decision-making and trading.
• Collaborate with sales teams and clients.
• Work directly with sales teams, clients, and other internal stakeholders to guarantee proper transaction capture, risk management, and exceptional client service.
•  Book and manage trades accurately with little discrepancies.
• Discrepancy Resolution: Collaborate with the sales team and clients to resolve trade booking problems quickly and effectively.
• Reconcile deals regularly with the sales team to ensure proper accounting for outstanding and unprocessed transactions.
• Ensure compliance with trade booking, verification, and reconciliation rules, and improve processes for greater accuracy and efficiency.
• Drive  Focus on achieving scalable, repeatable, and predictable trade volume, net revenue, and gross profit to meet firm growth objectives.
• Reporting and Data Analysis: Present market and trade data to internal stakeholders, guide corporate choices, and adjust plans for profitable growth in the region.

Benefits for this role

•  Competitive salary.
•  Remote work.
•  Training, Development, and Paid Time Off

 Recruitment Process:

•  A 30-minute screening call with a member of the recruitment team.
•  Technical interview with the hiring manager for 30-60 minutes.

How to Apply forFX Trader Associate at FairMoney Nigeria

If you think you are qualified for this role, kindly click on the “Apply Now’ button below to start your application online.

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