Role Overview
We are seeking an Emerging Markets FX Trader with deep expertise in African, LATAM, and Asian currencies. The ideal candidate will manage illiquid and restricted FX markets, execute OTC and interbank trades, and design hedging and liquidity frameworks to support high‑volume cross‑border payment flows. The role requires strong trading capability and infrastructure expertise, including building and optimizing FX trading systems, hedging engines, and liquidity connectivity.
Key Responsibilities
* Manage proprietary and flow‑driven FX trading positions across Emerging Market currencies, focusing on African (NGN, KES, ZAR, GHS), LATAM (ARS, BRL, MXN), and Asian (IDR, VDN, etc.).
* Source and maintain deep liquidity relationships with banks, brokers, and OTC desks across relevant regions.
* Execute spot, forwards, NDFs, swaps, and OTC trades to optimize execution quality and manage currency exposure.
* Monitor market developments, capital controls, and liquidity dynamics across EM FX markets.
Hedging Strategy & Risk Management
* Design and implement FX hedging strategies to manage corporate or client‑driven exposures.
* Optimize hedging efficiency across multiple liquidity venues, including banks, ECNs, OTC desks, and crypto liquidity pools.
* Develop models for dynamic hedging, inventory risk management, and spread optimization.
* Monitor risk limits, PnL, and exposure across currency books.
Trading Infrastructure & Systems
* Work closely with engineering and product teams to build and enhance FX trading and hedging infrastructure.
* Build automated hedging engines, liquidity aggregation systems, smart order routing, and pricing and risk management tools.
* Integrate connectivity with banks, ECNs, and liquidity providers via APIs or FIX protocols.
* Improve execution automation, latency optimization, and real‑time exposure monitoring.
Market Development
* Identify and onboard new liquidity providers and OTC trading partners across emerging markets.
* Build pricing frameworks for illiquid currency pairs and support new corridor launches.
* Contribute to development of scalable FX infrastructure supporting global payments and settlement flows.
Requirements
* 5–10+ years of FX trading experience in Emerging Markets.
* Strong experience trading African currencies: NGN, KES, ZAR, GHS, EGP.
* Experience working at Global banks, EM FX trading firms, Payment/fintech companies, Crypto exchanges or market makers.
* Proven experience executing OTC and institutional‑sized FX trades.
Technical Expertise
* Deep understanding of FX market microstructure in illiquid markets, NDF markets, offshore hedging, and capital controls.
* Hands‑on experience building or optimizing FX trading systems, hedging engines, liquidity aggregation platforms.
* Familiarity with FIX connectivity, API‑based trading systems, and algorithmic execution.
Preferred Qualifications
* Experience supporting high‑volume cross‑border payment flows or treasury operations.
* Experience trading EM FX through both traditional banks and alternative liquidity sources.
* Familiarity with stablecoin or crypto liquidity markets in emerging economies.
* Background in building or scaling FX market‑making operations.
* Strong analytical and problem‑solving skills.
* Ability to operate across global teams and fast‑paced environments.
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