FX Operations Executive at Compugeen Africa

Compugeen Africa is a Fintech company with subsidiary companies involved in numerous sectors including Consultation, Travels and Tours, Hospitality and Real Estate. As part of our expansion plans, we are interested in engaging highly motivated individual/ individuals to join our team in our various business ventures.

We are recruiting to fill the position below:

Job Title: FX Operations Executive

Location: Lekki, Lagos
Employment Type: Full-time

Job Duties / Responsibilities / Accountabilities

• Securing leads and getting partners for our products and services.
• Execute foreign exchange transactions efficiently and accurately, ensuring timely settlement and adherence to trading guidelines.
• Monitor and manage currency risk exposures, develop strategies to mitigate risk, and make recommendations to optimize the company's FX positions.
• Confirm all executed FX trades with counterparties and ensure accuracy in trade confirmations.
• Stay current with foreign exchange regulations and ensure full compliance with relevant laws and reporting requirements.
• Maintain comprehensive records of all FX transactions, including trade tickets, settlement details, and related documentation.
• Generate regular and ad-hoc reports on FX exposure, trading activity, and performance for internal stakeholders.
• Perform regular reconciliations of FX transactions, ensuring accuracy and identifying and resolving discrepancies promptly.
• Cultivate relationships with banks, brokers, and counterparties to facilitate efficient FX operations.
• Identify opportunities for process improvement within the FX operations workflow and implement enhancements to increase efficiency and accuracy.
• Collaborate with relevant teams to ensure alignment of FX activities with broader financial objective
• Identifying and analyzing market trends using technical analysis and other indicators
• Calculating risk exposure to determine whether trades are suitable for clients based on their investment objectives
• Support increased revenue and profit initiatives to achieve business growth.

Education Qualification

• MSc or Bachelor's Degree in Finance, Marketing, Management, Business Administration or any relevant discipline will be an added advantage

Competencies Required:

• Capacity to facilitate the development of existing businesses and ensure these are aligned to overall company plans (includes implementation, risk mitigation and contingency plans)
• Proven experience in foreign exchange operations within the financial industry.
• Strong understanding of global financial markets, currency trading, and risk management techniques.
• Proficiency in using FX trading platforms and relevant software applications.
• Exceptional analytical skills with the ability to interpret and act on market data and trends.
• Solid understanding of regulatory requirements related to foreign exchange transactions.
• Excellent communication and interpersonal skills for building relationships with counterparties and internal stakeholders.
• Detail-oriented and able to thrive in a fast-paced, dynamic work environment.
• Strong problem-solving skills and the ability to make sound decisions under pressure.
• High level of integrity and commitment to maintaining confidentiality.
• Proven track record of increasing revenue(s)
• Excellent negotiation skills, proven track record of successfully pitching for new business.

Application Closing Date
12th September, 2023.

Method of Application
Interested and qualified candidates should send their Cover Letter, CV and copies of all Academic Certificates in one document addressed to "The HR Department" via: hr@compugeen.com using the "REF: 0902- FX OPERATIONS EXECUTIVE" as the subject of the mail.

Note

• Applications received after the application closing date will not be considered.
• Unsuitable applications will not be acknowledged.