Junior FX Trader
Junior FX Trader
We are seeking a high-energy, detail-oriented Junior FX Trader to join our trading desk and support our expansion into complex, high-growth currency corridors. In this role, you will support daily operations, manage high-volume transaction flows across frontier markets, and work closely with Senior Traders to develop market-making skills. This is a unique opportunity to build a professional FX trading career in a fast-paced fintech environment by contributing to active market management and liquidity provision.
- What You'll Be Doing
- Assist in managing aggregated client flows and help accumulate or liquidate residual risk when market rates are favorable to support P&L performance.
- Build a deep understanding of illiquid corridors such as NGN, KES, TZS, and XOF to learn how to quote competitive rates despite market imbalances.
- Learn and uphold standard trading protocols to ensure all agreed transactions are legally and operationally binding.
- Support capital efficiency by assisting in value date matching and ensuring funds are available to meet payout obligations.
- Track a range of pricing tools, including Bloomberg and intraday market trends, to ensure the firm's pricing remains competitive.
- Identify opportunities to match buyers and sellers simultaneously to lock in risk-free margins.
- Manage the daily lifecycle of a trade—from early morning quotes to evening safeguarding deadlines—with high operational discipline.
- Collaborate with the Middle Office to ensure net positions are correctly reflected in accounts to meet regulatory and safeguarding requirements.
- Review automated risk reports, check overnight client activity, and verify bank balances before the market opens for daily desk setup.
- Adjust exchange rate spreads on the automated platform to protect the firm from volatility during overnight and weekend periods.
- Manage multiple institutional communication groups to gauge intraday supply and demand dynamics.
- Issue trade tickets following deal confirmations to formalize notional amounts, rates, and value dates.
- Perform physical balance checks for restrictive markets to ensure fund availability before executing sales.
- Track client funding windows and ensure exchange deals are funded within the required 24-hour window.
- Provide the desk with live updates on price sensitivity and volume changes at specific rate levels.
- Act as a bridge between the trading desk and the Operations team to track the movement of funds through various banking partners.
- What You Need
- 1–3 years of experience in a financial services environment, with a foundational understanding of FX terminology and pricing increments.
- A University degree, preferably in Finance, Economics, or a quantitative field.
- Strong analytical rigour and comfort working with exchange rate movements and complex data sets.
- High proficiency in MS Excel for managing and analyzing trading data.
- The ability to maintain focus and professional decorum in fast-moving, high-stakes communication environments.
- A foundational understanding of risk management strategies and the discipline to monitor unrealized profit and loss.
- Full commitment to operational hours, including early morning starts to capture market openings across various time zones.
- Best If You Have
- Previous experience operating within a fast-scaling FinTech or payments company.
- A professional background specifically in FX operations, middle office, or junior trading.
- Hands-on familiarity with Bloomberg terminal and other professional financial data platforms.
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