Fx Trader Associate

Summary

Join FairMoney as an FX Trade Associate and manage FX margins and rates for B2B Cross-Border Payments trades. You will oversee positive positions, maximize trade margins, and contribute to the company's profitability. This role requires a strong understanding of Fintechs, treasury management, FX rates, and currency risk management. The ideal candidate will have experience in FX trading or treasury management and possess strong analytical and communication skills. FairMoney offers a competitive salary, remote work, training and development, and paid time off. The role involves collaborating with internal and external stakeholders to ensure accurate trade execution and risk management.

Requirements

• Possess a strong understanding of Fintechs, treasury management, FX rates, and currency risk management tools
• Have a proven ability to handle large block trades and collaborate effectively with internal and external stakeholders
• Demonstrate strong analytical skills
• Possess excellent attention to detail with a focus on accuracy in trade execution, booking, and reconciliation
• Be a strong communicator, able to communicate effectively with both internal stakeholders and clients, ensuring clear and timely information flow
• Possess strong problem-solving skills, with the ability to resolve discrepancies and trade issues quickly and effectively
• Be results-driven, focusing on achieving high trade margins, revenue growth, and operational efficiency, contributing to the overall profitability of the business
• Be adaptable, able to work in a fast-paced environment with evolving business needs, market conditions, and regulations

Responsibilities

• Execute and Match Trades: Handle large block trades within the market, ensuring efficient execution and matching with clients’ needs
• Develop and Contribute to OTC Sales Strategies: Play an active role in developing OTC sales strategies, guiding and driving the team on the best approach to implementing these strategies
• Regulatory Knowledge and Compliance: Bring familiarity with deliverable FX market regulations and compliance requirements (preferred), ensuring all activities are in line with regulatory standards
• Foreign Exchange Market Expertise: Demonstrate a strong understanding of foreign exchange markets and trading platforms (preferred), applying this knowledge to optimise trade execution
• Market and Pricing Information: Provide internal stakeholders with daily market updates, pricing information, and forecasts to support decision-making and trading activities
• Collaborate with Sales Teams and Clients: Work closely with Sales teams, clients, and other internal stakeholders to ensure accurate trade capture, manage risk, and provide excellent client servicing
• Booking and Managing Trades: Accurately book trades and ensure positions are correctly reflected, ensuring minimal discrepancies in all trade processes
• Discrepancy Resolution: Address any discrepancies related to trade bookings in a timely and effective manner, working in collaboration with the sales team and clients
• Reconcile Trades: Reconcile the present value of trades daily with the sales team, ensuring accurate accounting for all outstanding and unprocessed trades
• Compliance and Control Processes: Ensure compliance with trade booking, verification, and reconciliation controls, while enhancing processes for better accuracy and efficiency
• Drive Scalable Growth: Focus on generating scalable, repeatable, and predictable trade volume, net revenue, and gross profit to support the company's growth goals
• Reporting and Data Analysis: Analyze and present market and trade data to key internal stakeholders, informing impactful business decisions and helping adapt strategies to drive profitable growth in the region

Preferred Qualifications

• Have previous experience in FX trading, treasury management, or working with Fintechs
• Have familiarity with deliverable FX market regulations and compliance requirements
• Have knowledge of trading platforms
• Have a strong understanding of foreign exchange markets and trading platforms

Benefits

• Competitive salary
• Remote work
• Training & Development
• Paid Time Off