Senior Foreign Exchange Trader


Lagos, Nigeria Remote

Full time


Mar 6

This job is no longer accepting applications.

Fincra is a payment infrastructure for fintechs, platforms and global businesses. Fincra provides payments solutions that enables businesses to accept payments securely, make payouts globally and scale your business across borders. Their vision is to simply create a world, where movement of money is instant, and as easy as sending a text message. They are on a mission To make it easier for businesses in emerging or frontier markets to transact digitally, at low cost and high speed, seamlessly.

About the role

They are looking to hire a Senior Foreign exchange Trader As a Trader, Reporting to the Treasurer, you will be responsible for ensuring liquidity management as well as other core trade functions including pricing, analysis and fore casting.

What you need to be successful?

To be successful for this role, you have to possess the ability to execute the following:


  • Make a market in several currency pairs.
  • Pricing of retail clients in several currency pairs.
  • Monitor competitor pricing.
  • Work with the sales team to maximize price effectiveness vs. profitability.
  • Ensuring all trades are booked on their worksheets and enhancing smooth settlement with the counter-parties.
  • Sending rates to clients and updating rates and margin on the website.
  • Booking all treasury trades and ensuring that they are recorded in the respective reports.
  • Reconciling the treasury front office and the operations margin, volumes and reports.

Liquidity Management:

  • Assist in managing floats across dozens of accounts in 10 currencies.
  • Project cash flows and provide analysis of cash movements.
  • Managing relationships with trading counter parties.
  • Carefully monitor capital controls, intercompany flows, and any other factors that inhibit ability to move funds freely.
  • Tracking of weighted average rates of funds in the company’s position at all times.

Analysis/ Forecasting:

  • Help report margin on a daily basis.
  • Analyze the direction of customer flows.
  • Monitor the bank rates and black-market rates.
  • Full life cycle trade responsibilities, build pre-trade analysis, execution, funds allocation and settlement across multiple strategies, brokers and banks.

Risk Management:

  • Quantify risks of multiple African currency.
  • Make recommendations to improve trading procedures (reduce risk, increase efficiency, maximize profitability).
  • Provide recommendations for automation, risk mitigation, or any other policies and procedures.
  • Document processes and procedures carried out by the team to achieve regular activities.

What you need to have done in your career?

  • Bachelor’s degree in finance, accounting, economics, or related field.
  • 5+ years proven trading experience.
  • A solid understanding of financial markets.
  • Excellent analytical skills.
  • Ability to manage immense pressure.

core values

  • Ownership: They are a team of individuals who are the CEO of their roles, and are able to consistently make excellent decisions independently, even in the face of ambiguity or uncertainty. Their people have the creative freedom to design solutions to problems and the responsibility to execute the right results, expecting the same of your teammates. The company strives to provide overall direction and expectations for each team and role; however, they value people who are able to lead and drive initiatives on their own, in line with the direction.
  • Excellence: In order to achieve their very lofty goals as a company, they pride themselves with the need to be able to produce best-in-class results, even in the minutest of tasks. They are first principle thinkers and they focus on solving problems from the root cause and not just the symptoms of the problem.
  • People Skills: people are their greatest asset. They make up the company, the culture and their behavior reflect what the company values are. They immensely care about their people and They always make the best effort to see that their people love spending time with each other.
  • Communication: They are people that take feedback seriously and they don’t shy away from even the hard stuff.

What do you stand to gain?

  • A chance to be an early member of a high-growth startup
  • Competitive salary
  • Amazing work culture and a company that truly cares about creating the best and most fun place to work.
  • Health insurance which includes dental, optical & major surgeries.
  • Interest-free staff loans upon confirmation
  • Work- from home (fully remote)
  • vehicle financing for confirmed employees at 50% of asset value.
  • Stock options for early employees.
  • Annual Training budget.
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