Senior Treasury Officer/FX Trader

Grey is building inclusive global banking for individuals and businesses across emerging markets. We help customers own US, UK, and EU bank accounts (irrespective of wherever they are in the world), to enable them to send, receive, save, and spend foreign currency easily.

With over 1 Million customers acquired, we believe we're building one of the fastest-growing fintechs in emerging markets. Our product is live to customers in 80+ countries (across 4 continents) and we're processing millions of dollars everyday. We’ve raised over $2M from YCombinator, SomaCap, TRUE Capital, Ingressive Capital, and other high-profile investors.

We're an agile startup focused on building an amazing & reliable product, shipping and iterating quickly, and deepening our product market fit. We’re looking for high-agency people to help us achieve our vision - to make globalization work for everyone. We're a fully remote company with staff in the US, UK, Canada, Portugal, Brazil, India, Ghana, Tanzania, Nigeria, and Rwanda.

We are seeking a highly skilled Treasury Manager specializing in FX Trading and FX Sales to lead and execute foreign exchange strategies, optimize liquidity, and drive corporate FX sales. This role requires a strong background in treasury and financial operations, with a focus on FX reporting, risk hedging, and OTC transactions. The ideal candidate will bring deep expertise in FX markets, proficiency in treasury management systems, and a proactive approach to securing corporate clients. This is a strategic role that balances technical FX management with relationship-building to expand our client base and maximize profitability.

Key Responsibilities:

Rates and Liquidity Management

• Market Intelligence & Rate Updates: Maintain competitive and market-aligned FX rates on our Dashboard, staying responsive to shifts in market trends.
• Liquidity Management: Oversee liquidity positions across multiple accounts and currencies, working closely with providers and securing favorable terms through ongoing relationship management and sourcing of new partners.
• Rates Negotiation & OTC Blotter Management: Lead rate negotiations and manage OTC blotters, ensuring all transactions are recorded accurately, and terms are optimized to enhance profitability and operational efficiency.
• Market Making & Retail Pricing: Make markets in multiple currency pairs, price retail and corporate clients competitively, and oversee rate distribution on our platform, adapting to market conditions and competitor rates.
• Trade Booking & Settlement: Manage trade booking across various platforms, ensuring all treasury trades are recorded accurately and settled smoothly with counterparties. Maintain comprehensive trade worksheets and reconcile reports.

Cash Flow and Investment Management

• Cash Flow Optimization: Plan and manage cash flow to meet operational needs, customer transactions, and strategic investments, ensuring liquidity and efficient capital allocation.
• Investment of Surplus Funds: Manage the strategic investment of surplus funds within company policy, optimizing returns while minimizing risk exposure.
• Cash Forecasting & Modeling: Develop detailed cash flow models and projections, regularly reporting on liquidity status across currencies, and adjusting strategies to maintain healthy cash reserves.
• Counterparty and Compliance Management: Build and maintain relationships with trading counterparties, monitoring capital controls, intercompany flows, and regulatory compliance to support unrestricted fund movements.

Foreign Exchange (FX) Management

• FX Trading & Corporate FX Sales: Execute FX trades to meet company objectives and drive growth through corporate FX sales, proactively engaging clients and understanding their unique FX requirements.
• FX Reporting & Analysis: Prepare and present comprehensive FX reports, tracking daily P&L, rates, currency exposures, and transaction volumes. Ensure reporting accuracy and transparency across all trading activities.
• FX Risk Hedging: Develop and implement hedging strategies to manage FX risk and protect against adverse currency movements, continuously assessing exposure and adjusting as needed.
• Pricing Model Development & Rate Guide: Design real-time pricing models and rate guides that capture daily P&L on FX transactions, ensuring transparent and effective risk and margin management.
• SPV & Treasury Strategy Development: Create and manage a Special Purpose Vehicle (SPV) for FX transactions, aligning with the company's broader treasury strategy and providing liquidity management for large transactions and special projects.

Financial Operations, Controls, and Reporting

• Daily Cash & Debt Management: Oversee daily cash flow operations, ensuring liquidity levels meet operational benchmarks for customer transactions and debt coverage.
• Portfolio & Treasury Strategy Management: Develop and maintain an investment policy and treasury strategy, optimizing portfolio returns across diverse assets while managing associated risks.
• Internal Controls & Compliance: Establish rigorous internal control processes for FX transactions and treasury operations, aligning with regulatory standards and maintaining operational integrity.
• Treasury Software & Technology Integration: Identify, recommend, and implement treasury management software to streamline reporting, FX trading, and cash flow management. Leverage technology for improved efficiency and control across treasury operations.

Crypto, Currency Pairs, and Alternative Trading Options

• Currency Pair Trading & Diversification: Manage trading across a broad range of currency pairs, including high-volume African and emerging markets. Implement diversification strategies to optimize risk-adjusted returns.
• Crypto Management: Integrate cryptocurrency transactions into FX and treasury operations, managing crypto-to-fiat conversions and monitoring regulatory compliance in digital asset trading.
• Alternative Trading Instruments: Explore and implement additional trading options beyond FX, including commodities and interest rate derivatives, to enhance portfolio diversity and profitability.

Corporate Sales and Client Relationship Management

• Corporate Client Acquisition & Retention: Drive sales growth by securing and onboarding corporate clients for FX and treasury solutions. Tailor service offerings to meet corporate FX needs and maintain strong, long-term relationships.
• Strategic Cross-Selling: Identify opportunities to cross-sell FX and treasury services, increasing client engagement and expanding service offerings to meet a broader range of financial needs.
• Customer Relationship Management: Serve as a primary point of contact for corporate clients, providing guidance on FX market trends, pricing, and risk management strategies.

Strategic Liaison and Advisory

• Long-term Financing and Investment Liaison: Work closely with senior management to address long-term financing needs, aligning FX and treasury strategy with company objectives.
• Market Information Partnership: Collaborate with market information providers, staying informed of FX and economic trends to provide strategic insights to internal stakeholders.
• Regulatory Compliance: Remain updated on regulatory changes affecting FX, treasury, and cryptocurrency operations, ensuring the company stays compliant with evolving standards.

Qualifications

• Education: Bachelor’s degree in Finance, Economics, Accounting, or a related field. Advanced degree (Master’s) or professional certification (CFA, ACT, CTP) is highly desirable.
• Experience: Minimum of 5 years in treasury, FX trading, or FX sales, with experience in corporate sales and risk hedging strategies, preferably within fintech or financial services.
• Technical Skills: Advanced proficiency in treasury management software, FX platforms, and financial analysis tools. Strong experience with cryptocurrency and alternative trading instruments is advantageous.
• Analytical Abilities: Exceptional analytical skills with a focus on accurate financial reporting, P&L tracking, and risk assessment.
• Sales Acumen: Proven track record in business development and client acquisition, with a focus on building relationships with corporate clients.
• Communication Skills: Excellent verbal and written communication skills, with the ability to translate complex financial information for varied audiences.

Desired Competencies

• Strategic Vision: Ability to align FX and treasury activities with broader company goals and adapt strategies to maximize profitability.
• Relationship-Building: Strong interpersonal skills to maintain collaborative relationships with liquidity providers, corporate clients, and cross-functional teams.
• Adaptability: Able to quickly adjust to changes in the financial market and regulatory landscape, managing risk while seizing opportunities.
• Integrity and Ethical Standards: High ethical standards, with a commitment to confidentiality and integrity in managing financial transactions.
• Continuous Improvement Orientation: Proactive in identifying and implementing process improvements, leveraging technology and innovation to enhance treasury functions.

Benefits:

   🔆 Flexible working hours

   🔝 Remote friendly

   🩺 Health Insurance

   👨🏾‍🏫 Training Budget

   😎 Team building events

   🚀 Yearly offsite