drjobs Foreign Exchange Trader

Foreign Exchange Trader

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1 Vacancy
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Jobs by Experience drjobs

5years

Job Location drjobs

Ikeja - Nigeria

Monthly Salary drjobs

Not Disclosed

drjobs

Salary Not Disclosed

Vacancy

1 Vacancy

Job Description

This is a remote position.

Our client in the Fintech and Digital payment solutions industry is seeking an experienced and resultsdriven Foreign Exchange Trader who will play a critical role in driving the companys foreign exchange operations by executing currency trades managing liquidity mitigating exchange rate risks and ensuring competitive pricing for international transactions.

The ideal candidate will have deep understanding of foreign exchange markets ability to analyze market trends anticipate currency fluctuations make timely datadriven decisions strong quantitative skills and the ability to operate within a fastpaced techdriven environment.

Summary of Responsibilities

FX Trading & Execution

  • Execute spot forward swap and options transactions in foreign exchange markets to meet the company s strategic goals.
  • Actively monitor FX market movements analyze trends and make informed decisions on trades in real time.
  • Manage the company s foreign currency exposure by optimizing positions and implementing hedging strategies to mitigate currency risk.
  • Execute FX trades to support crossborder transactions remittance services and other international business operations.
  • FX Trading and Execution Risk Management Market Analysis Liquidity Management Compliance and Reporting and Relationship Management.
Risk Management
  • Monitor and manage FX risk exposures by implementing effective hedging strategies.
  • Continuously evaluate the effectiveness of existing risk management strategies and optimize positions to ensure minimized exposure.
  • Maintain updated knowledge of geopolitical macroeconomic and currency market conditions to adjust trading strategies as necessary.
  • Ensure all trades comply with internal risk limits and regulatory requirements.

Market Analysis

  • Conduct indepth market research technical analysis and financial modeling to identify profitable trading opportunities.
  • Analyze market trends economic indicators central bank policies and global events that could impact currency markets.
  • Develop and maintain economic models and forecasts to assist in decisionmaking processes.
  • Provide regular reports on market conditions trading activity and the company s currency exposure to senior management.

Liquidity Management

  • Optimize liquidity to support the company s FX trading activities and crossborder operations.
  • Manage relationships with liquidity providers brokers and banks to ensure access to competitive pricing and efficient execution.
  • Coordinate with the Treasury team to ensure efficient use of company funds across multiple currencies.

Compliance & Reporting

  • Ensure that all FX trading activities are in full compliance with applicable regulatory standards including antimoney laundering (AML) and Know Your Customer (KYC) requirements.
  • Maintain accurate trade records documentation and reporting to meet internal and regulatory audit requirements.
  • Report trading activities profit and loss (P&L) performance and risk exposure to senior management on a regular basis.

Relationship Management

  • Build and maintain strong relationships with banks brokers and liquidity providers to ensure optimal execution of trades.
  • Collaborate with internal teams (e.g. Treasury Compliance Finance) to align FX trading strategies with the company s overall financial objectives.

Compliance & Regulatory Knowledge

  • Thorough understanding of regulatory frameworks governing FX trading including AML/KYC regulations as well as reporting and compliance requirements.
  • Experience in preparing reports for management and ensuring accurate recordkeeping for audits

Performance Metrics

  • Profitability of FX trades and overall portfolio performance.
  • Effectiveness of risk management strategies in mitigating FX exposure.
  • Compliance with internal and external regulatory requirements.
  • Accuracy and timeliness of market analysis and trade reporting







Requirements

  • 5 years of experience in FX trading or a similar role within a financial institution treasury or corporate environment.
  • Bachelors degree in finance Economics Business or a related field.
  • Advanced degrees (MBA CFA or equivalent) preferred.
  • Strong knowledge of FX trading platforms and tools (e.g. Bloomberg Reuters MetaTrader).
  • Proven track record of successful FX trading risk management and market analysis.
  • Proficient in technical and fundamental analysis of FX markets.
  • Excellent communication and interpersonal skills to build relationships with internal stakeholders and external counterparts.
  • Experience in trading various currency pairs including major and emerging market currencies.
  • Advanced understanding of financial instruments such as forwards swaps options and spot transactions.
  • Knowledge of liquidity management and cash flow optimization in a multicurrency environment.
  • Strong analytical and quantitative skills with the ability to make quick decisions based on market data.


Benefits

  • Competitive salary and performancebased bonuses.
  • Health and wellness benefits.
  • Opportunities for professional development and continuous learning.
  • Exposure to global financial markets and the chance to contribute to the company s growth in a fastpaced industry.


5+ years of experience in FX trading or a similar role within a financial institution, treasury, or corporate environment. Bachelor's degree in finance, Economics, Business, or a related field. Advanced degrees (MBA, CFA, or equivalent) preferred. Strong knowledge of FX trading platforms and tools (e.g., Bloomberg, Reuters, MetaTrader). Proven track record of successful FX trading, risk management, and market analysis. Proficient in technical and fundamental analysis of FX markets. Excellent communication and interpersonal skills to build relationships with internal stakeholders and external counterparts. Experience in trading various currency pairs, including major and emerging market currencies. Advanced understanding of financial instruments, such as forwards, swaps, options, and spot transactions. Knowledge of liquidity management and cash flow optimization in a multi-currency environment. Strong analytical and quantitative skills with the ability to make quick decisions based on market data.

Education

5+ years of experience in FX trading or a similar role within a financial institution, treasury, or corporate environment. Bachelor's degree in finance, Economics, Business, or a related field. Advanced degrees (MBA, CFA, or equivalent) preferred.

Employment Type

Full Time

Company Industry

About Company

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