At Verto, we’re passionate about helping businesses in Emerging markets reach the world. What first started life as a FX solution for trading Nigerian Naira has now become a market-leading platform, changing the way thousands of businesses transfer money in and out of Emerging Markets.

We believe that where you do business shouldn’t determine how successful you are, or your ability to scale. Millions of companies a day have to juggle long settlement periods, high transaction fees and issues accessing liquidity in order to trade with African businesses. We’re on a mission to change this by creating equal access to easy payment and liquidity solutions that are already a given in developed markets.

We’re not alone in realising the opportunity and need to solve for emerging markets. We’re backed by world-class investors including Y-Combinator, Quona and MEVP, power payments for some of the most disruptive start-ups in the world and have a list of accolades from leading publications including being voted ‘Fintech Start Up of the Year’ at Fintech Awards London 2022.

Each year we process billions of dollars of payments and provide companies with solutions which help them to save money, automate processes and grow, but we’re only just getting started.....

In this role you will be:

• Managing liquidity to meet all daily settlement requirements. This includes monitoring and reporting on customer and firm funds allocation and credit utilisation.
• Maintaining risk management controls related to the firm’s cash and FX positions. FX controls cover trade reconciliation, P&L and spread control, and open position monitoring. The team manages overdue settlements and closeouts for customer FX positions.
• Providing post-trade support for OTC customers and internal stakeholders. Primary internal stakeholders include the Trading Desk and Operations for daily liquidity and trade management and Finance for revenue reporting information and controls.

You’ll be responsible for:

• Supporting the team’s core functions of liquidity, risk management and support.
• Reconciliation and monitoring of daily OTC trading currency and trade positions.
• Management of customer FX trade settlements, ensuring late settled trades are followed up and closing positions where needed. Includes contacting customers regarding unsettled trades.
• Working to ensure timely settlement of our customer OTC positions.
• Management of spot FX booking and controls, including booking cover positions and monitoring for any P&L variances or uncovered positions.
• Working with the Trading and Payment Operations teams to manage daily liquidity requirements, ensuring a smooth running of daily operations and that all trades and payments are settled in good time.
• Credit management, managing daily advance settlement credit line requests. Providing management information and analysis for any OTC customer credit line requests, and monitoring open credit exposure.
• Tracking daily currency exposure and positions, monitoring against any limits and also our internal liquidity line usage.
• Working with the Middle Office Manager to complete monthly Management Information reporting on key data points.
• Providing support to OTC customers and the Verto Trading Desk on any post-trade support related queries.
• Supporting the Finance team with month end P&L reviewing,monitoring and responding to related queries.
• Implement process and system improvements to enhance the functions capabilities.

Skills and Qualifications:

• 3+ years experience in a middle office, operational risk, treasury or similar role within a bank or a payments company.
• Knowledge on the fundamental concepts of FX, middle office, and treasury.
• Good understanding of risks associated with FX and payments and a background in developing risk management controls.
• Experience in cash management and managing liquidity processes.
• Strong communication and stakeholder management skills.
• Customer First approach, experience delivering high quality customer service.
• Highly motivated, with a willingness to take responsibility and desire to make a positive impact in a rapidly growing company.
• Strong excel skills would be beneficial.
• Ability to confidently speak with counterparty banks and customers. Must be able to handle difficult conversations where needed.
• Work UK hours in order to facilitate engagement with clientele

Locations

Nairobi

Remote status

Hybrid Remote

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