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- Tasks: Lead FX risk management and optimise cross-border payment strategies.
- Company: Join Papaya Global, a fast-growing B2B tech unicorn transforming payroll and payments.
- Benefits: Competitive salary, flexible working 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 36000 - 60000 £ per year.
Papaya Global is a rapidly growing, award-winning B2B tech unicorn with a mission to revolutionize 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 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 optimization, 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 Optimization: Execute FX trades with liquidity providers and banking partners, ensuring competitive pricing and best execution. Evaluate LP performance, pricing quality, and execution reliability. Optimize 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 behavior, 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 optimize 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.
Nice to have
- Strong commercial acumen and risk awareness.
- Advanced analytical and quantitative skills.
- Ability to thrive in fast-paced, high-growth environments.
- Effective collaboration and stakeholder management.
- Detail-oriented, proactive, and execution-focused.
FX manager employer: Papaya Global
Contact Detail:
Papaya Global Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land FX manager
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to current employees at companies you’re interested in. We all know that sometimes it’s not just what you know, but who you know!
✨Ace the Interview
Prepare for your interviews by researching common FX manager questions and practicing your answers. We recommend using the STAR method (Situation, Task, Action, Result) to structure your responses. Show them you’ve got the skills and experience they need!
✨Showcase Your Expertise
When you get the chance, demonstrate your knowledge of FX markets and risk management during conversations or interviews. We want to see you shine as the expert you are! Bring up relevant experiences and insights that can add value to their team.
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we often have exclusive roles listed that you won’t find anywhere else. Let’s get you that dream job!
We think you need these skills to ace FX manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the FX 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 needs!
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 mission at Papaya Global. Keep it concise but impactful!
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. We love seeing how you've applied these skills in real-world scenarios!
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 FX Manager position. Let’s make it happen!
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, pricing mechanisms, and risk management strategies. Be ready to discuss specific examples from your past experience where you've successfully managed FX risks or executed trades.
✨Showcase Your Analytical Skills
Prepare to demonstrate your proficiency with analytical tools like Excel, SQL, or Python. You might be asked to solve a problem or analyse data on the spot, so practice explaining your thought process clearly and concisely.
✨Understand the Company’s Mission
Familiarise yourself with Papaya Global's mission and how they aim to revolutionise the payroll and payments industry. Be prepared to discuss how your role as an FX Manager can contribute to their goals and enhance their offerings.
✨Be Ready for Cross-Functional Collaboration
Since this role involves working with various teams, think of examples where you've successfully collaborated across departments. Highlight your communication skills and how you can simplify complex topics for different stakeholders.