FX manager

Papaya Global is a rapidly growing, award-winning B2B tech unicorn with a mission to revolutionize the payroll and payments industry. With over $400M raised from top-tier investors, our innovative technology provides a comprehensive solution for managing global workforces, from hiring and onboarding to managing and paying employees in over 160 countries.

The FX Manager will be a critical leader within the Treasury team, responsible for the strategic analysis, pricing, and execution of the company’s FX and cross-border payment offerings. This role requires deep market expertise, strong analytical skills, and demonstrated leadership to drive impactful, data-driven decisions across the business. You will be accountable for FX risk management, pricing strategy, customer insights, liquidity optimization, and cross-functional collaboration to support scalable and competitive FX operations.

Key Responsibilities

1. FX Risk Management & Hedging

• Identify, monitor, and manage multi-currency exposures across products and operational flows.
• Develop and execute hedging strategies (forwards, options, NDFs, limit orders) to mitigate market and balance sheet risks.
• Oversee daily exposure calculations and ensure adherence to internal risk frameworks.
• Manage collateral requirements and credit lines for FX derivatives.

2. FX Dealing, Execution & Liquidity Optimization

• Execute FX trades with liquidity providers and banking partners, ensuring competitive pricing and best execution.
• Evaluate LP performance, pricing quality, and execution reliability.
• Optimize internal currency matching/netting to reduce external conversions and bank FX fees.
• Enhance settlement efficiency, reduce slippage, and maintain strong STP performance.

3. FX Pricing, Customer Insights & Market Intelligence

• Support the development and maintenance of FX pricing strategies, including tiered pricing models and margin structures aligned with customer behavior, volume patterns, and market conditions.
• Conduct customer segmentation to understand FX usage trends and transaction behaviors.
• Build predictive models to anticipate FX demand and behavioral triggers (e.g., wallet top-ups, international payments) and support related liquidity positioning.
• Monitor global macroeconomic trends, central bank policy, and market liquidity to guide pricing and risk decisions.
• Deliver clear periodic FX market updates, scenario analyses, and short- to medium-term FX forecasts to support treasury and planning.

4. Product, Engineering & Cross-Functional Collaboration

• Serve as the FX Subject Matter Expert across product, engineering, compliance, finance, and operations.
• Support the design and launch of new products with embedded FX capabilities.
• Translate market, regulatory, and technical requirements into actionable business specifications.
• Partner with engineering to optimize automation of FX systems, pricing engines, liquidity connectors, and STP flows.

5. Reporting, Compliance & Governance

• Produce FX performance reports covering revenue drivers, exposure, hedge effectiveness, and cost of funds.
• Ensure compliance with global FX regulations (MiFID II, PSD2, T+1, local payment requirements).
• Liaise with auditors, regulators, and compliance teams on FX governance and control frameworks.
• Bachelor’s degree in Finance, Economics, Mathematics, Engineering, or a related field; CFA/FRM beneficial.
• 5–7+ years of experience in FX pricing, risk management, treasury, or cross-border payments.
• Experience in Fintech and cross-border payments company preferred
• Strong understanding of FX markets, derivatives, pricing mechanisms, and liquidity management.
• Proficiency with analytical tools (Excel, SQL, Python, or similar).
• Experience with FX pricing engines, execution platforms, and multi-currency payment systems.
• Excellent communication skills with the ability to simplify complex topics and influence stakeholders.
• Demonstrated leadership or cross-functional influence.
• Strong commercial acumen and risk awareness.
• Advanced analytical and quantitative skills.
• Ability to thrive in fast-paced, high-growth environments.
• Effective collaboration and stakeholder management.
• Detail-oriented, proactive, and execution-focused.

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