At a Glance
- Tasks: Lead FX trading efforts and optimise P&L performance in emerging markets.
- Company: Verto, a mission-driven fintech transforming global finance.
- Benefits: Competitive salary, health benefits, remote work, and professional development opportunities.
- Other info: Dynamic, collaborative culture with a focus on impact and ownership.
- Why this job: Join us to simplify cross-border payments and empower businesses globally.
- Qualifications: 5+ years in FX trading with strong market insight and analytical skills.
The predicted salary is between 60000 - 80000 € per year.
Overview
At Verto, we're on a mission to democratise global finance and empower businesses in Emerging Markets to reach the world. Founded by British-Nigerian entrepreneurs Ola Oyetayo and Anthony Oduu, our roots in Africa provided a firsthand understanding of the significant challenges businesses face with cross-border payments, ranging from illiquid currencies and high fees to slow transactions. This deep-rooted insight is why Africa remains a core focus, as we're committed to bridging the gap between emerging and developed markets and fostering global economic growth.
Role Overview
We're seeking a driven and results-oriented Senior FX Trader who is excited to lead our trading efforts in high-growth, complex currency corridors. In this role, you will be expected to achieve key milestones such as optimising P&L performance across our core EM books, expanding our liquidity network to ensure best-in-class execution, and driving the scaling of our automated trading ecosystem.
In this role you will:
- Drive sustainable P&L growth by managing a high-velocity flow book, balancing institutional liquidity with platform-driven demand to capture optimal spreads.
- Spearhead market-making strategies in illiquid corridors (NGN, KES, TZS), establishing Verto as a reliable price-maker during peak volatility and market openings.
- Optimise portfolio yield through sophisticated position management, utilising deep market insights to navigate the divergence between official and parallel market rates.
- Enhance capital efficiency by implementing advanced liquidity management techniques and optimising settlement cycles across multi-jurisdictional accounts.
- Drive profitability by aggregating fragmented liquidity flows into executable wholesale positions.
- Scale Verto's market footprint by diversifying our counterparty network, including Tier-1 banks, local liquidity providers, and institutional speculators.
- Mitigate balance sheet risk through proactive hedging and the use of forward-dated instruments to protect against macro-economic shifts in emerging economies.
- Champion operational excellence by ensuring all trading activities align with global safeguarding standards and internal risk appetite frameworks.
- Accelerate the transition to a low-touch trading environment by collaborating with Product and Engineering teams to automate core execution and settlement workflows, driving operational scalability and increasing Straight-Through Processing (STP) rates.
You'll be responsible for:
- Active Book Management: Overseeing the daily trading book, managing net open positions (NOP), and making data-driven decisions on risk retention vs. external hedging.
- Strategic Price Discovery: Synthesising global macro data and local market intelligence to provide competitive, real-time pricing across the Verto platform and OTC desk.
- Execution Leadership: Managing high-value OTC transactions and maintaining professional execution standards across all institutional communication channels.
- End-to-End Trade Oversight: Collaborating with Middle Office and Treasury to ensure seamless physical delivery, particularly in markets with complex regulatory or liquidity constraints.
- Risk & Compliance: Maintaining a rigorous control environment, ensuring all trades are executed within credit limits and meeting safeguarding requirements.
- Counterparty Relationship Management: Acting as a key point of contact for liquidity providers and institutional clients, fostering long-term partnerships built on execution quality.
- Product Collaboration: Partnering with Product and Engineering teams to refine automated pricing algorithms and internal trading tools for better scalability.
- Market Analysis: Providing regular insights and updates on emerging market trends to internal stakeholders to inform broader business strategy.
Skills and Qualifications
- Education: A University degree (preferably in Finance, Economics, or a quantitative field) is required.
- Experience: 5+ years of experience in FX Trading or Market Making, with a demonstrable track record in Emerging or Frontier Markets.
- Market Insight: A deep understanding of the structural nuances of African and EEMEA markets, including regulatory hurdles and liquidity dynamics.
- Technical Proficiency: Advanced knowledge of Bloomberg and trading platforms; experience with algorithmic or platform-based trading is a significant plus.
- Quantitative Skills: Strong ability to analyse complex data sets to identify pricing trends and optimise risk-adjusted returns.
- Communication: Elite negotiation skills and the ability to represent the firm professionally in fast-moving, high-stakes environments.
Life At Verto Perks
- Insurance paid by the company
- Health and wellness benefits (with specific added benefits depending on the location of the role)
- Yearly salary review based on inflation, personal and business performance
- Access to entire Udemy's library
- Budget for professional development courses
- Work-From-Anywhere policy for certain durations
- Integration programme (opportunity to work from our global offices)
- Regular team social events
- Pension scheme (depending on the role location)
- Flexible work arrangements
- Location specific benefits like car lease policy, cycle to work, gym membership, etc.
You’ll Fit Right In If You
- Love asking "why?"
- Value solving problems over just completing tasks
- Understand sync vs. async communication practices
- Thrive in ambiguity and change
- Actively seek feedback
- Prioritise impact over activity
- Are fun to work with - we love good humour!
Culture
- Mission-Driven Impact Work: Be at the forefront of simplifying cross-border payments, directly contributing to a borderless future for global businesses, particularly in emerging markets.
- High Performance & Ownership: We empower you to take risks, be results-driven, and take ownership. Act fast, deliver impactful results, and make the impossible possible.
- Collaborative & Supportive Environment: We work "as one," sharing successes and failures openly. We foster a transparent, supportive atmosphere where everyone does their best.
- Industry Competitive Compensation & Benefits: We compensate our employees in recognition of the great value they bring to the business; our compensation and benefits package are competitive in the industry across all our geographies.
Diversity & Inclusion at Verto
Verto is an equal opportunities employer and we value diversity. Anyone seeking employment at Verto is considered based on Merit, Competence, Qualifications and their Talent. We are proud to be a truly international team and we do not discriminate in our hiring process.
Senior FX Trader in London employer: VertoFX ltd
At Verto, we pride ourselves on being an exceptional employer that champions diversity and inclusion while driving meaningful change in global finance. Our collaborative and supportive work culture empowers employees to take ownership of their roles, fostering professional growth through access to extensive training resources and a flexible work-from-anywhere policy. With competitive compensation and unique location-specific benefits, Verto is dedicated to creating an environment where every team member can thrive and contribute to our mission of simplifying cross-border payments for emerging markets.
StudySmarter Expert Advice🤫
We think this is how you could land Senior FX Trader in London
✨Tip Number 1
Network like a pro! Get out there and connect with industry folks on LinkedIn or at events. 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 Verto and its mission. Understand their focus on emerging markets and be ready to discuss how your experience aligns with their goals. Show them you're not just another candidate!
✨Tip Number 3
Practice your pitch! Be clear about your achievements and how they relate to the Senior FX Trader role. Highlight your market-making strategies and risk management skills to stand out from the crowd.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in being part of the Verto team.
We think you need these skills to ace Senior FX Trader in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior FX Trader role. Highlight your experience in FX trading, especially in emerging markets, and showcase any relevant achievements that align with Verto's mission.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to express your passion for democratizing finance and how your skills can contribute to Verto's goals. Be genuine and let your personality come through.
Showcase Your Market Insights:In your application, demonstrate your understanding of the complexities of African and EEMEA markets. Share insights or experiences that highlight your ability to navigate these environments effectively.
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 team!
How to prepare for a job interview at VertoFX ltd
✨Know Your Markets
Before the interview, dive deep into the structural nuances of African and EEMEA markets. Understand the regulatory hurdles and liquidity dynamics that affect FX trading in these regions. This knowledge will not only impress your interviewers but also show that you're genuinely interested in Verto's mission.
✨Showcase Your Trading Experience
Be ready to discuss your previous experience in FX trading or market making, especially in emerging or frontier markets. Prepare specific examples of how you've managed high-velocity flow books or implemented successful market-making strategies. This will demonstrate your capability to drive sustainable P&L growth.
✨Demonstrate Technical Proficiency
Familiarise yourself with Bloomberg and other trading platforms relevant to the role. If you have experience with algorithmic or platform-based trading, be sure to highlight this during the interview. Showing that you can leverage technology to optimise trading processes will set you apart.
✨Communicate Effectively
Elite negotiation skills are crucial for this role, so practice articulating your thoughts clearly and confidently. Be prepared to discuss how you would manage high-value OTC transactions and maintain professional execution standards. Good communication will reflect your ability to represent Verto professionally in fast-paced environments.
