FX Trader (Treasury Dealer) at Plaude Inc.

Plaude is a fast-growing fintech company revolutionizing global trade and cross-border payments by integrating workflow automation, decentralized payments, and compliance solutions. As we scale, we are seeking a detail-oriented Finance, Accounting, and Reconciliation Officer to manage financial reporting, transaction reconciliations, and accounting functions.

We are recruiting to fill the position below:

Job Title: FX Trader (Treasury Dealer)

Location: Lekki, Lagos
Department: Treasury / Trading
Reports To: Head of Trading / Treasury Manager
Job Type: Full-Time

Job Summary

• We are seeking a highly skilled and motivated FX Trader to join our Treasury team.
• The FX Trader will be responsible for managing the company’s foreign exchange trading activities, optimizing currency positions, and executing FX strategies to mitigate risks and maximize returns.
• This role involves monitoring market trends, executing trades, managing liquidity, and ensuring compliance with financial regulations.
• The ideal candidate will have a strong understanding of FX markets, risk management, and be able to operate in a fast-paced, dynamic environment.

Key Responsibilities
FX Trading and 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 cross-border transactions, remittance services, and other international business operations.

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 in-depth 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 decision-making 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 cross-border 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 and Reporting:

• Ensure that all FX trading activities are in full compliance with applicable regulatory standards, including anti-money 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.

Key Requirements
Education:

• Bachelor’s Degree in Finance, Economics, Business, or a related field.
• Advanced degrees (MBA, CFA, or equivalent) preferred.

Experience:

• 5+ years of experience in FX trading or a similar role within a financial institution, or Fintech environment.
• Proven track record of successful FX trading, risk management, and market analysis.
• Experience in trading various currency pairs, including major and emerging market currencies.

Technical Skills:

• Strong knowledge of FX trading platforms and tools (e.g., Bloomberg, Reuters, MetaTrader).
• Proficient in technical and fundamental analysis of FX markets.
• 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.

Soft Skills:

• Strong analytical and quantitative skills with the ability to make quick decisions based on market data.
• Excellent communication and interpersonal skills to build relationships with internal stakeholders and external counterparties.
• Ability to work well under pressure in a fast-paced, high-stakes environment.
• Detail-oriented and highly organized, with strong problem-solving abilities.

Compliance and 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 record-keeping for audits.

Key Competencies:

• Risk Management: Ability to manage and mitigate FX risks while ensuring compliance with internal risk limits and regulatory standards.
• Market Knowledge: Deep understanding of the foreign exchange market, geopolitical events, economic indicators, and central bank policies.
• Execution and Performance: Strong performance record in executing trades, optimizing positions, and delivering results in line with the company’s financial objectives.
• Technical Expertise: Proficiency in using FX trading platforms and analytical tools to make informed decisions and optimize trading outcomes.
• Communication and Collaboration: Ability to collaborate effectively with internal teams and maintain strong relationships with external partners, such as banks and brokers.

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.

Salary Range
N1,500,000 - N2,000,000 annually.

Application Closing Date
Not Specified.