Foreign Exchange Trader

Foreign Exchange Trader 

Who we are

Moniepoint Group is a financial technology company digitizing Africa’s real economy by building a financial ecosystem for businesses, providing them with all the payment, banking, credit and business management tools they need to succeed. 

At Moniepoint, we are a customer-focused community, dedicated to crafting solutions that redefine our industry. We have several products that provide essential services for businesses such as credit, overdrafts, bank integration, payment gateway. etc. We leverage artificial intelligence and data to make our decisions, but also have the technology and data-driven best practices used to support our businesses. 

Having been able to build this self-sustaining, profitable business solving problems in Nigeria, we want to help everyone around the world seamlessly trade (or remit) with African businesses and individuals. 

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.

Location: Nigeria

Curious about what makes Moniepoint an incredible place to work? Check out posts on how we cultivate a culture of innovation, teamwork, and growth.

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

What we can offer you

• Culture - We put our people first and prioritize the well-being of every team member. We’ve built a company where all opinions carry weight and where all voices are heard. We value and respect each other and always look out for one another. Above all, we are human.
• Learning - We have a learning and development-focused environment with an emphasis on knowledge sharing, training, and regular internal technical talks.
• Compensation - You’ll receive an attractive salary, pension, health insurance, annual bonus, plus other benefits.

What to expect in the hiring process

• A preliminary phone call with the recruiter
• A  functional interview with a Business Leader
• An executive interview with the VP, Treasury

Moniepoint is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees and candidates.