Foreign Exchange Trader at Moniepoint Inc.

About the role :

• As part of Moniepoint's dynamic Treasury team, you will play a key role in managing and executing foreign exchange strategies. This position involves developing and implementing the Trading Unit's strategy in collaboration with the CFO, monitoring FX positions, and ensuring compliance with statutory and internal limits. You will conduct market research to forecast trends in key currency pairs, execute foreign exchange trades to meet revenue targets, and support customer needs in currency transactions. Additionally, you will manage the FX trading unit's activities, contribute to process improvements, and apply your risk management expertise to navigate local and international market conditions. This role requires a deep understanding of treasury operations, strong analytical skills, and experience in cross-border payments and foreign exchange trading.

What you'll get to do:

• Develop, document and implement the Trading Unit strategy based on fundamental and technical analysis in liaison with the VP, Treasury.
• Manage the Moniepoint's FX position while monitoring statutory and internal limits.
• Carry out market survey and intelligence to establish market expectations on trends for key currency pairs.
• Trade in Foreign Exchange to achieve budget foreign exchange revenue.
• Meet customer needs on all currency transactions
• Manage all Foreign Exchange trading unit activities ensuring all procedures and policies are followed.
• Actively contribute to improvements in quality/efficiency of treasury products delivery processes.

To succeed in this role, we think you should have

• A Bachelor's degree in any Business related field, mathematics.
• At least five to ten (5 -10) years of crossborder payments experience, with at least a minimum of 5 years in direct foreign exchange and money market trading and treasury operations
• Be a Certified Foreign Exchange and Money Market Dealer (ACI) and in possession of ACI dealing certification or its equivalent.
• Good knowledge of risk management and its application to financial markets.
• Thorough knowledge of the end-to-end processes of Treasury products and services.
• Experience in using FX trading platforms.
• Analytical skills and excellent flair for numbers.
• Good negotiation skills and an Excellent Team Player.
• Good understanding of micro and macroeconomics to interpret likely currency and interest rate trends both locally and on international markets.
• Knowledge of Local and international market events and their likely impact on currency and interest rates