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- Tasks: Lead FX risk management and pricing strategies to optimise cross-border payments.
- Company: Join Papaya Global, a fast-growing B2B tech unicorn transforming payroll and payments.
- Benefits: Competitive salary, flexible work options, and opportunities for professional growth.
- Other info: Collaborative culture with excellent career advancement opportunities.
- Why this job: Make a real impact in a dynamic fintech environment with innovative technology.
- Qualifications: 5-7 years in FX pricing or risk management; strong analytical skills required.
The predicted salary is between 70000 - 90000 £ per year.
Papaya Global is a rapidly growing, award-winning B2B tech unicorn with a mission to revolutionise the payroll and payments industry. With over $400M raised from top-tier investors, our innovative technology provides a comprehensive solution for managing global workforces, from hiring and onboarding to managing and paying employees in over 160 countries.
The FX Treasury Manager will be a critical leader within the Treasury team, responsible for the strategic analysis, pricing, and execution of the company’s FX and cross-border payment offerings. This role requires deep market expertise, strong analytical skills, and demonstrated leadership to drive impactful, data-driven decisions across the business. You will be accountable for FX risk management, pricing strategy, customer insights, liquidity optimisation, and cross-functional collaboration to support scalable and competitive FX operations.
Key Responsibilities
- FX Risk Management & Hedging
- Identify, monitor, and manage multi-currency exposures across products and operational flows.
- Develop and execute hedging strategies (forwards, options, NDFs, limit orders) to mitigate market and balance sheet risks.
- Oversee daily exposure calculations and ensure adherence to internal risk frameworks.
- Manage collateral requirements and credit lines for FX derivatives.
- FX Dealing, Execution & Liquidity Optimisation
- Execute FX trades with liquidity providers and banking partners, ensuring competitive pricing and best execution.
- Evaluate LP performance, pricing quality, and execution reliability.
- Optimise internal currency matching/netting to reduce external conversions and bank FX fees.
- Enhance settlement efficiency, reduce slippage, and maintain strong STP performance.
- FX Pricing, Customer Insights & Market Intelligence
- Support the development and maintenance of FX pricing strategies, including tiered pricing models and margin structures aligned with customer behaviour, volume patterns, and market conditions.
- Conduct customer segmentation to understand FX usage trends and transaction behaviours.
- Build predictive models to anticipate FX demand and behavioural triggers (e.g., wallet top-ups, international payments) and support related liquidity positioning.
- Monitor global macroeconomic trends, central bank policy, and market liquidity to guide pricing and risk decisions.
- Deliver clear periodic FX market updates, scenario analyses, and short- to medium-term FX forecasts to support treasury and planning.
- Product, Engineering & Cross-Functional Collaboration
- Serve as the FX Subject Matter Expert across product, engineering, compliance, finance, and operations.
- Support the design and launch of new products with embedded FX capabilities.
- Translate market, regulatory, and technical requirements into actionable business specifications.
- Partner with engineering to optimise automation of FX systems, pricing engines, liquidity connectors, and STP flows.
- Reporting, Compliance & Governance
- Produce FX performance reports covering revenue drivers, exposure, hedge effectiveness, and cost of funds.
- Ensure compliance with global FX regulations (MiFID II, PSD2, T+1, local payment requirements).
- Liaise with auditors, regulators, and compliance teams on FX governance and control frameworks.
Requirements:
- Bachelor’s degree in Finance, Economics, Mathematics, Engineering, or a related field; CFA/FRM beneficial.
- 5–7+ years of experience in FX pricing, risk management, treasury, or cross-border payments.
- Experience in Fintech and cross-border payments company preferred.
- Strong understanding of FX markets, derivatives, pricing mechanisms, and liquidity management.
- Proficiency with analytical tools (Excel, SQL, Python, or similar).
- Experience with FX pricing engines, execution platforms, and multi-currency payment systems.
- Excellent communication skills with the ability to simplify complex topics and influence stakeholders.
- Demonstrated leadership or cross-functional influence.
FX Treasury Manager in City of London employer: Papaya Global
Contact Detail:
Papaya Global Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land FX Treasury Manager in City of London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their FX operations and be ready to discuss how your skills can help them achieve their goals. Show them you’re not just another candidate!
✨Tip Number 3
Practice your pitch! Be clear about your experience in FX pricing and risk management. Highlight specific achievements that demonstrate your analytical skills and leadership abilities. Confidence is key!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and engaged with our mission.
We think you need these skills to ace FX Treasury Manager in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the FX Treasury Manager role. Highlight your experience in FX pricing, risk management, and any relevant analytical skills. We want to see how your background aligns with our mission at Papaya Global!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your skills can contribute to our innovative team. Keep it concise but impactful – we love a good story!
Showcase Your Analytical Skills: Since this role requires strong analytical skills, don’t forget to mention specific tools you’ve used, like Excel or SQL. Share examples of how you've used data to drive decisions in previous roles – we’re all about data-driven insights!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our awesome team at Papaya Global!
How to prepare for a job interview at Papaya Global
✨Know Your FX Stuff
Make sure you brush up on your knowledge of FX markets, derivatives, and pricing mechanisms. Be ready to discuss recent trends and how they might impact the role. Showing that you’re up-to-date will impress the interviewers.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical prowess. Bring examples of how you've used tools like Excel or SQL to solve complex problems in FX risk management or pricing strategies. Real-life scenarios can really make your skills stand out.
✨Be a Team Player
Since this role involves cross-functional collaboration, be ready to talk about your experience working with different teams. Share specific examples of how you’ve influenced stakeholders or contributed to product launches in previous roles.
✨Ask Smart Questions
Prepare insightful questions about Papaya Global’s FX operations and future strategies. This shows your genuine interest in the company and helps you gauge if it’s the right fit for you. Plus, it gives you a chance to engage in a meaningful conversation.