The FX Dealer & Reconciliation Officer will be responsible for managing the company’s daily foreign exchange (FX) operations, ensuring competitive execution of FX trades, monitoring market movements, and maintaining accurate financial reconciliations. This role ensures effective liquidity management, minimization of currency risks, and integrity of transaction records across all payment and settlement platforms.

Key Responsibilities

FX Dealing & Market Operations

• Monitor and execute daily FX transactions in accordance with approved trading limits and treasury policies.
• Negotiate and obtain competitive FX rates from partner banks and liquidity providers.
• Monitor market trends, rate movements, and news to advise management on optimal trading strategies.
• Maintain and update daily exchange rate sheets and publish official company FX rates.
• Assist in implementing hedging strategies to manage FX exposure and volatility.
• Liaise with payout and settlement partners to ensure smooth cross-border remittance transactions.
• Ensure all FX trades are authorized and supported by valid transactions or funding requirements.

Reconciliation & Reporting

• Perform daily reconciliation between bank accounts, settlement reports, and back-office systems.
• Reconcile FX position reports, customer transactions, and liquidity provider settlements.
• Investigate and resolve discrepancies or failed transactions promptly.
• Prepare daily, weekly, and monthly reconciliation reports for management review.
• Track and report variances in exchange margins, commissions, and partner charges.
• Support external and internal audits by providing required reconciliation documentation.

Treasury Operations Support

• Support funding transfers between accounts and ensure optimal liquidity levels.
• Monitor incoming and outgoing remittance flows to ensure sufficient payout balances.
• Maintain relationships with banking, FX, and payout partners to ensure operational efficiency.
• Participate in system testing and improvements for FX and reconciliation modules.
• Ensure compliance with company treasury policies and regulatory requirements.

Key Performance Indicators (KPIs)

• Accuracy of daily reconciliations (zero unreconciled variances).
• Timeliness of rate updates and trade execution.
• Accuracy in FX rate quotations and minimal trading losses.
• Compliance with operational and regulatory standards.
• Quality and timeliness of management and audit reports.

Skills and Competencies

• Strong knowledge of FX markets, remittance operations, and treasury management.
• Proficiency in reconciliation and financial reporting tools.
• Analytical and detail-oriented with excellent problem-solving skills.
• High integrity, accuracy, and accountability.
• Excellent communication and negotiation skills.
• Proficient in Excel and financial systems (experience with FX Navigator, Odoo, or similar platforms is an added advantage).

Qualifications and Experience

• Bachelor’s Degree in Finance, Accounting, Economics, or related field.
• CPA / ACCA / ACI Treasury certification is an added advantage.
• Minimum of 3–5 years experience in Treasury, FX Trading, or Financial Reconciliation, preferably in a Fintech, Bank, or Money Transfer company.
• Experience in cross-border remittance or settlement operations will be an asset.