EM Sales Trader

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Kappa

WebsiteLinkedInAll Job Openings

2 - 10 employees

Founded 2021

💳 Fintech

🤝 B2B

💰 $5M Seed Round - Kappa Pay on 2024-04

Fintech • B2B

Kappa is a payments and FX-focused company that helps African businesses (and individuals) send and receive money across the globe. It provides cross-border payment rails, treasury and foreign-exchange services, fast settlement guarantees, low fees and high transaction limits, and fraud/encryption protections. Kappa connects bank accounts or accepts cash deposits, supports transfers from Cameroon, Nigeria and the CEMAC region to many destinations (including USA, France, UK, China, UAE), and offers live English and French support. The company positions itself as a fintech platform for businesses to pay suppliers and receive customer payments internationally, with offices in Boston, Douala and Lagos.

📋 Description

• FX execution across EM corridors — sourcing and executing spot, forward, and swap transactions across African and other EM currency pairs, including XAF, XOF, NGN, and adjacent corridors; maintaining a live read on where fair value sits across the LP set • LP relationship management — holding live conversations across the liquidity provider set from 7am UK time; maintaining the relationships through which prices and flow can be sourced under pressure; treating the network as Kappa’s institutional asset • Market intelligence and desk analytics — turning corridor data, customer flow, and LP behaviour into actionable desk intelligence; building and maintaining analytical tools to track spreads, regime changes, and counterparty positioning • Regulatory and capital control navigation — understanding what capital controls, central bank interventions, and jurisdiction-specific settlement requirements mean in practice; staying ahead of regulatory signals in the corridors you cover • Risk and counterparty management — thinking about exposure at the desk level, not just the trade level; assessing counterparties on financial health, regulatory standing, and behaviour under stress; surfacing concerns before they become problems • Post trade — owning reconciliation, and post-trade hygiene, not as a back-office task; escalating unusual signal early with calibrated judgement

🎯 Requirements

• Demonstrable EM or frontier FX experience — two to five years working African or other EM corridors in a markets role; the market quirks, capital controls, and counterparty dynamics must be the substance of prior work • Multi-asset fluency — working knowledge of FX spot, forwards, swaps, and options; working knowledge of bond pricing and money-market instruments in EM markets; able to reason from first principles about instruments you haven’t personally traded • Quantitative capability — comfortable with statistics and time-series analysis applied to live trading work; able to munge data in Python, R, or VBA to build a chart, run a back-test, or calculate a metric without it being a project • Corridor-level market knowledge — treats XAF, XOF, NGN, and other EM currencies as distinct markets, not flavours of the same; understands the EUR peg mechanics for CFA currencies, the CBN-managed float for NGN, and the regulatory regimes that govern each • Risk instinct — thinks about exposure at the desk level; understands settlement-window credit risk, counterparty concentration, and the risk surface that comes with own-account trading • Relational approach to the desk — treats LP and counterparty relationships as essential for the firm’s commercial reach; documents and shares the network rather than hoarding it • Operational discipline — on the desk when the market opens; owns reconciliation and post-trade hygiene without being asked; escalates with signal, not noise • Integrity under pressure — can hold honesty and stakeholder management in tension when a position is under duress

🏖️ Benefits

• A genuinely differentiated trading seat — EM and frontier FX is not a niche on top of a real job; it is the job; the corridors you cover are where the firm’s commercial edge lives • Equity participation — the role carries an equity allocation; we expect the postholder to take a long-term view of their contribution to the business • Access to experienced practitioners — a lean desk with direct exposure to senior team members and advisers who have built and run trading operations in the markets that matter for this role • Purpose-driven work — Kappa operates in a market where improved financial infrastructure has a measurable and material impact on the businesses and communities we serve • An opportunity to build something that matters.