FairMoney is a pioneering mobile banking institution specializing in extending credit to emerging markets. Established in 2017, the company currently operates primarily within Nigeria, and it has secured nearly €50 million in funding from renowned global investors, including Tiger Global, DST, and Flourish Ventures. FairMoney maintains a strong international presence, with offices in several countries, including France, Nigeria, Germany, Latvia, the UK, Türkiye, and India.

In alignment with its vision, FairMoney is actively constructing the foremost mobile banking platform and point-of-sale (POS) solution tailored for emerging markets. The journey began with the introduction of a digital microcredit application exclusively available on Android and iOS devices. Today, FairMoney has significantly expanded its range of services, encompassing a comprehensive suite of financial products, such as current accounts, savings accounts, debit cards, and state-of-the-art POS solutions designed to meet the needs of both merchants and agents.

To gain deeper insights into FairMoney’s pivotal role in reshaping Africa’s financial landscape, we invite you to watch this informative video.

About the role

The FX Trader is responsible for managing the FX margins and rates for our B2B Cross – Border Payments Trades. Responsible for positive positions and high net trade margins

The ideal candidate must bring a sound understanding and previous experience with Fintechs, treasury management, FX rates, and currency risk management tools.

Key Responsibilities

1. Execute and match large block trades within the market
2. Developing and contributing OTC sales strategies then guiding and driving the team on how to approach those strategies
3. Familiarity with deliverable FX market regulations and compliance (preferred)
4. Knowledge of the foreign exchange markets and trading platforms (preferred)
5. Providing internal stakeholders with daily market/pricing information.
6. Working closely with the Sales teams or clients and internal stakeholders to ensure accurate trade capture, manage risks and deliver excellent client servicing.
7. Booking of trades and ensuring accuracy of positions.
8. Ensuring all trades are booked correctly and liaising with the sales team or clients to address any discrepancies in a timely manner.
9. Reconciling present value of trades between the sales team and treasury middle office at the end of each day and accounting for all daily outstanding and unprocessed trades.
10. Ensuring compliance with and enhancing control processes around trade booking, verification and reconciliation.
11. Focus efforts to generate scalable, repeatable and predictable volume, net revenue and gross profit.
12. Reporting: Analyze and present data to key internal stakeholders in order to inform impactful business decisions and help adapt tactics that drive profitable growth within the region.

• Strong understanding of treasury management, FX rates, and currency risk management tools.
• Track record of successfully scaling revenue and managing large-scale client relationships.
• Excellent analytical skills with the ability to interpret sales performance metrics.
• Strategic thinker with a focus on innovation and sustainable growth.
• Outstanding communication and interpersonal skills, with the ability to collaborate across functions and influence stakeholders.
• Bachelor’s degree in Business Administration, Finance, Economics, or a related field.

• Private Health Insurance
• Pension Plan
• Training & Development
• Hybrid work
• Paid Time Off

Recruitment process

• A screening interview with one of the members of the Talent Acquisition team for 30 minutes
• Interview with the Hiring Manager for 45-60 minutes