Plaude is a state-of-the-art fintech platform that is transforming international trade and payments with seamless financial solutions, compliance integration, and automation powered by AI.
Plaude Inc. is looking for a highly qualified and motivated FX trader to join our Treasury team.
The FX Trader will be in charge of managing the company’s foreign exchange trading activity, optimizing currency positions, and implementing FX strategies to reduce risks and maximize returns.
Recommended: Account Manager at Plaude Inc.(How to Apply)
Summary of FX Trader (Treasury Dealer) at Plaude
| Company | Plaude Inc. |
| Category | Job |
| Job type | Permanent/Full time |
| Job Title | FX Trader (Treasury Dealer) |
| Experience level | 5+ |
| Job location | Lekki, Lagos |
| Salary Range: | N1.5m – N2m |
About Plaude
Plaude is a cutting-edge fintech platform that automates worldwide commerce and payments using AI, integrates compliance, and provides seamless financial solutions.
Plaude provides organizations with sophisticated financial infrastructure that streamlines trade procedures and manages liquidity efficiently. Read more about Plaude
Job Summary
- Plaude Inc. is looking for a highly qualified and motivated FX trader to join our Treasury team. The FX Trader will be in charge of managing the company’s foreign exchange trading activity, optimizing currency positions, and implementing FX strategies to reduce risks and maximize returns.Â
- This position includes monitoring market trends, executing deals, managing liquidity, and assuring compliance with financial regulations.Â
- The ideal applicant will have a thorough understanding of FX markets, risk management, and the ability to work in a fast-paced, dynamic workplace.
Key Responsibilities for FX Trader (Treasury Dealer) at Plaude
Fx Trading and Execution
- Execute spot, forward, swap, and option transactions in foreign exchange markets to achieve the company’s strategic objectives.
- Actively watch FX market movements, analyze patterns, and make trade decisions in real time.
- Control the company’s foreign currency exposure by optimizing positions and implementing hedging techniques to reduce currency risk.
- Carry out FX trades to facilitate cross-border transactions, remittance services, and other international business operations.
Risk management
- Monitor and manage FX risk exposures through appropriate hedging techniques.
- Continuously assess the efficacy of existing risk management methods and optimize positions to reduce exposure.
- Keep up to speed on geopolitical, macroeconomic, and currency market conditions so that trading methods can be adjusted accordingly.
- Ensure that all trades meet internal risk limitations and regulatory standards.
Market Analysis
- Conduct extensive market research, technical analysis, and financial modeling to uncover successful trading opportunities.
- Examine market patterns, economic indicators, central bank policies, and worldwide events that may influence currency markets.
- Create and update economic models and forecasts to aid decision-making processes.
- Provide top management with frequent reports on market conditions, trading activity, and currency exposure.
Liquidity management
- Enhance liquidity to support the company’s FX trading and cross-border operations.
- Manage connections with liquidity providers, brokers, and banks to guarantee competitive pricing and timely execution.
- Work with the Treasury team to guarantee the efficient utilization of corporate funds in numerous currencies.
Compliance and Reporting
- Ensure that all FX trading activities are fully compliant with all relevant regulatory standards, including anti-money laundering (AML) and Know Your Customer (KYC) regulations.
- Maintain correct trade records, documentation, and reporting to comply with internal and regulatory audit requirements.
- Provide top management with frequent reports on trading activity, profit and loss (P&L) performance, and risk exposure.
Relational Management:
- Develop and maintain good connections with banks, brokers, and liquidity providers to ensure that trades are executed efficiently.
- Work with internal teams (such as Treasury, Compliance, and Finance) to align FX trading tactics with the company’s overall financial goals.
Key Qualifications for FX Trader (Treasury Dealer) at Plaude
Education
- A bachelor’s degree in finance, economics, business, or a comparable discipline.
- Advanced degrees (MBA, CFA, or similar) are recommended.
Experience
- 5+ years of experience in FX trading or a related function at a financial institution or Fintech.
- Successful track record in FX trading, risk management, and market analysis.
- Experience trading a variety of currency pairs, both major and emerging market currencies.
Technical Skill
- Thorough understanding of FX trading platforms and tools (e.g., Bloomberg, Reuters, MetaTrader).
- Skilled in technical and fundamental analysis of FX markets.
- Strong knowledge of financial products such as forwards, swaps, options, and spot trades.
- Experience with liquidity management and cash flow optimization in a multi-currency environment.
Soft skills
- Strong analytical and mathematical skills, as well as the ability to make swift market-data-driven choices.
- Excellent communication and interpersonal abilities to create relationships with internal stakeholders and external counterparties.
- Ability to perform well under pressure in a fast-paced, high-stakes setting.
- Detail-oriented and well-organized, with excellent problem-solving skills.
Compliance and Regulatory Knowledge
- A thorough understanding of the regulatory frameworks that regulate FX trading, including AML/KYC rules, reporting, and compliance needs.
- Â Demonstrated experience generating management reports and maintaining correct audit records.
Key Competences
- Risk Management: The ability to manage and minimize foreign exchange risks while adhering to internal risk limitations and regulatory standards.
- Market Knowledge: A thorough awareness of the foreign currency market, geopolitical events, economic indicators, and central bank policies.
- Execution and Performance:: Proven track record of executing trades, optimizing positions, and generating outcomes that align with the company’s financial objectives.
- Technical Expertise:: Ability to use FX trading platforms and analytical tools to make educated decisions and optimize trading results.
- Communication and Collaboration The ability to work successfully with internal teams while maintaining great connections with external partners such as banks and brokers.
Performance Metrics
- Profitability of forex trading and overall portfolio performance.
- The effectiveness of risk management measures in reducing FX exposure.
- Ensure compliance with internal and external regulations.
How to Apply for FX Trader (Treasury Dealer) at Plaude
Click on the application button below to apply for this role.
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