Head of FX, Africa

Job Description

Remitly's vision is to transform lives with trusted financial services that transcend borders. Since 2011, we have been tirelessly delivering on our promises to people who send money around the world. Today, we are reimagining global financial services and building products that extend beyond traditional barriers to give customers access to more of the services they need, no matter where they call home. Join over 2,700 employees worldwide who are growing their careers with purpose and connection with our customers while having a positive impact on millions of people around the globe.

About The Role

The Treasury team is uniquely positioned in the center of processing Remitly's global transaction flows and enabling business growth. Remitly is a unique work environment with extraordinary business growth which is perfect for someone looking for an exciting challenge and career opportunity.

The ideal candidate will use their skills and experience needed to lead our ongoing efforts to build and manage a scalable and efficient Treasury FX Trading and Funding function within the Africa region.

You Will

• Engage in trading across multiple currencies in the Africa region, managing the complexities and risks associated with exotic currency pairs
• Identify and engage new partners to enhance liquidity in the Africa region. Continuously manage relationships with partners within the area
• Partner with the Business Development team in commercial negotiations by leveraging local market insights
• Negotiate favorable FX spreads with counterparties, ensuring fair pricing and cost control
• Regulatory Changes: Continuously assess the impact of changes in regulation and implement necessary adjustments to maintain compliance
• Collaborate with local finance and product leaders to deliver strategic local insights on fund flows, funding strategies, and market conditions
• Coordinate and partner with other trading desks located around the globe to ensure alignment on trading strategies, risk management, and liquidity sourcing across regions.
  
  

You Have

• 8-15 years of experience in FX trading, treasury management, or financial services, with a focus on African markets
• Deep understanding of the African FX ecosystem, including regulatory environments, market trends, and key players
• Proven track record in building and maintaining relationships with banks, financial institutions, and other partners in the region
• Strong negotiation skills to secure optimal pricing and access to funding sources
• Expertise in managing FX risk and implementing effective hedging strategies
• Knowledge of regulatory compliance requirements for remittance and FX operations in African countries
• Fluency English; French language skills highly desirable
• Strong leadership and communication skills to collaborate with cross-functional teams and represent Remitly to external partners
• Ability to thrive in a fast-paced, dynamic environment and adapt to rapidly changing market conditions
• Familiarity with emerging trends in digital payments and fintech innovations in Africa
• Bachelor's degree in Finance, Economics, or related field; MBA or relevant advanced degree preferred
  
  

Our Benefits

• Paid Vacation Days
• Health insurance
• Commuter benefit
• Employee Stock Purchase Plan (ESPP)
• Mental Health & Family Forming Benefits
• Continuing education and corridor travel benefits
  
  

We are committed to nondiscrimination across our global organization and in all of our business operations. Employment is determined based upon personal capabilities and qualifications without discrimination on the basis of race, creed, color, religion, sex, gender identification and expression, marital status, military status or status as an honorably discharge/veteran, pregnancy (including a woman's potential to get pregnant, pregnancy-related conditions, and childbearing), sexual orientation, age (40 and over), national origin, ancestry, citizenship or immigration status, physical, mental, or sensory disability (including the use of a trained dog guide or service animal), HIV/AIDS or hepatitis C status, genetic information, status as an actual or perceived victim of domestic violence, sexual assault, or stalking, or any other protected class as established by law.

Remitly is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.