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Senior Spot Trader (Fintech / Payments)

Senior Spot Trader (Fintech / Payments)

Black Pen RecruitmentCape Town, Western Cape, South Africa
30+ days ago
Job description

Our client is looking for a commercially driven and technically savvy Spot FX & Crypto Trader to join their trading team. The role involves real-time market making and pricing across spot FX and crypto pairs , direct client negotiation , and active involvement in developing and improving pricing engines and trading infrastructure .

This is a hybrid role requiring deep market insight, strong client-facing skills, and the ability to collaborate with developers and quants on trading system enhancements.

Job type : Fulltime / Permanent

Location : Cape Town

Workplace : Hybrid

Requirements

  • Bachelor’s or Master’s degree in Finance, Economics, Computer Science, Engineering, or a related field.
  • Professional certifications (e.g., CFA, CA, FASSA) are advantageous but not required.
  • 2–6 years of experience in spot or derivative market making.
  • Prior experience in OTC or institutional crypto or FX trading is highly preferred.
  • Proven track record in pricing, risk management, and client interaction in fast-moving markets.
  • Experience with both centralized and decentralized crypto venues is a strong advantage.
  • Strong understanding of pricing models, market making, order books, and market dynamics.
  • Familiarity with FIX protocols, WebSocket APIs, and trading platform integrations.
  • Ability to work closely with technical teams to test, validate, and deploy system updates.
  • Excellent communication and interpersonal skills.
  • Strong attention to detail and high risk awareness.
  • Calm under pressure and confident in decision-making during market volatility.
  • Entrepreneurial, analytical, and collaborative mindset.

Responsibilities

Pricing & Trading

  • Make competitive two-way prices across major and emerging market FX pairs and leading crypto assets (e.g., BTC, USDT).
  • Monitor liquidity venues, OTC flows, and market depth to optimize pricing and execution quality.
  • Maintain real-time visibility on P&L, inventory, spreads, and risk exposures.
  • Execute trades and manage flows while adhering to defined risk limits and compliance policies.
  • Client Interaction

  • Quote spot FX and crypto prices directly to institutional and high-volume clients.
  • Negotiate trade terms and manage client expectations on pricing and execution.
  • Act as a market intelligence source, providing insights into market movements and pricing rationale.
  • Collaborate with the sales team to support onboarding, pricing strategies, and client retention.
  • System & Infrastructure Development

  • Work with quant and engineering teams to improve the pricing engine, trading algorithms, and execution logic.
  • Suggest and test enhancements for latency reduction, pricing accuracy, and auto-hedging logic.
  • Analyze trade data to optimize spreads, slippage, and trading performance.
  • Help define requirements and test cases for system upgrades, new product launches, and venue integrations.
  • Support the COO

  • Collaborate with the COO to enhance business processes and revenue-generation strategies.
  • Assist with ad hoc tasks and initiatives as needed.
  • Attend stakeholder meetings on behalf of the COO when required.
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    Senior • Cape Town, Western Cape, South Africa

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