FX Trading Principal

At Capi, we help businesses in emerging markets pay their international suppliers - simply, quickly, and fairly.

Backed by $18M+ from top-tier investors like Creandum, Y Combinator, General Catalyst, and angels from Revolut, Checkout, Stripe, and Remitly, we’re building the financial infrastructure that emerging markets deserve.

By making global trade smoother and more accessible, we help local businesses grow faster, hire more people, and power prosperity across their communities.

Our mission is to grow GDP in emerging markets by making the global financial system fairer and more accessible. We’re tackling global trade, making it easier for importers to pay their international suppliers. Our platform enables businesses to expand rapidly, create jobs, and be engines of prosperity for their countries.

Our team is made up of approx 80 people across 10 countries; we are a group of a highly-ambitious, get-it-done people, who like to work hard on something that has a tangible impact in the world. And we’re looking for more people to join our team!

Take a look through Capi’s mission & values.

As an FX Trading Principal at Capi, you will play a critical leadership role in the execution and strategic management of the company’s FX activities across emerging and developed markets. Reporting directly to the Head of Treasury, you will take ownership of market-making, risk mitigation , and relationship development with counterparties, delivering consistent value to the Treasury P&L.

This role demands deep expertise in African and EM currencies alongside strong coverage of G10 products. You will be responsible for driving trading strategy, cultivating institutional and banking relationships, and mentoring junior team members. The position offers significant cross-departmental exposure and the opportunity to influence Capi’s long-term Treasury strategy while contributing to the company’s rapid global expansion.

• Execute and oversee FX market transactions, ensuring disciplined risk management and compliance with company thresholds.

• Execute on the Treasury’s P&L priorities with a focus on revenue growth, cost efficiency, and liquidity optimisation.

• Provide macroeconomic insights and market intelligence to inform corporate decision-making and product design.

• Build, strengthen, and manage relationships with local and international banks, counterparties, and regulators across multiple regions, particularly Sub-Saharan Africa.

• Develop, backtest, and implement advanced trading strategies, tools, and platforms to enhance execution, speed, and market access.

• Mentor and train associates and treasury staff to strengthen the team’s market knowledge and execution capabilities.

• Lead the assessment of new FX products, payment systems, and markets to expand trading opportunities.

• Represent Treasury in cross-functional projects, supporting global expansion and capital flows into new markets.

  Requirements

• 10+ years’ experience in FX trading, market making, or treasury roles within financial institutions, brokerages, or fintechs.

• Demonstrated expertise in emerging market currencies, particularly African FX, and strong knowledge of G10 FX.

• Proven track record in a P&L generating position and delivering consistent revenue growth.

• Advanced understanding of financial risk management principles, in particular FX/liquidity, and hedging strategies.

• Strong macroeconomic awareness and analytical skills, with the ability to interpret complex market dynamics.

• Exceptional communication and relationship-building skills, with established networks across financial institutions and regulators.

• Ability to perform under pressure with precision, discipline, and emotional control in fast-moving market conditions.

• Proficiency in Bloomberg, Refinitiv/Reuters, 360T, and Treasury Management Systems.

• Fluency in English

• Direct experience working with African local banks and central banks.

• Fluency in French

• Track record of scaling trading businesses in fintechs, startups, or high-growth companies.

• Experience with multi-currency corporate treasury operations across Africa, Europe, and the Middle East.
  

• This is a full time position with competitive salary + benefits (including equity)

• The start date is Q1 or early Q2 2026 (we are aware people will have notice periods and we will accommodate accordingly)

• Location: This role can be based in any of our main offices and will require 3 days per week in the office
  

Capi is an equal opportunity employer and welcomes candidates from diverse backgrounds. We’re all about building a diverse, inclusive team at Capi. Whoever you are, we’d love to hear from you. If there’s anything you need to make the interview process easier—whether it’s accessibility support, a different format, or just a heads-up about what to expect—just let us know, we’re happy to help.