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Principal, FX Trader at Standard Chartered Bank

By zee
On June 13, 2025
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Principal, FX Trader at Standard Chartered Bank

Location: Lagos
Job Type: Full Time

About the Bank

In 1965, the Standard Bank of South Africa merged with the Bank of West Africa acquiring businesses including a banking operation in Nigeria, which dated back to 1894.

The name was then changed to Standard Bank of West Africa. Four years after the merger, Standard Bank Nigeria was incorporated locally to take over the business in Nigeria. In 1971, 13% of the share capital was placed with Nigerian investors.

The end of the civil war saw a major economic upturn and as a consequence, the military government sought to increase local control of the retail-banking sector, hence the Bank’s investment in Standard Bank Nigeria (renamed First Bank of Nigeria in 1979) was reduced to 38%. Standard Chartered remained a shareholder of First Bank of Nigeria until 1996.

Standard Chartered re-entered Nigeria in 1999 and opened to customers on 15 September 1999 as a wholly owned subsidiary of Standard Chartered Bank Plc, headquartered in United Kingdom.

It now has 42 branches located in Lagos, Port Harcourt, Abuja, Ibadan, Kano, Kaduna, Maiduguri, Ota, Aba, Onitsha and Onne offering a wide range of products and services in Retail, Corporate and Institutional Banking. It employs over 900 employees and sees Nigeria as a growth centre.

Job Description of the Principal, FX Trader at Standard Chartered Bank

We are seeking a highly logical and commercially astute Foreign Exchange (FX) Trader to manage and execute the West Africa Foreign Exchange (FX) trading strategy.
This role is pivotal in enhancing profitability, supporting client pricing needs, and capturing market opportunities through both intra-day and overnight volatility trading.
The successful candidate will actively collaborate across internal and external networks to drive market engagement, deliver strategic growth, and ensure strict adherence to risk and compliance frameworks.

Key Responsibilities of the Principal, FX Trader at Standard Chartered Bank

Strategic Trading & Revenue Growth

Execute trades on the Bank’s proprietary account, informed by robust market, economic, and technical analysis.
Drive Foreign Exchange (FX) revenue growth by identifying and executing profitable trading strategies.
Ensure competitive and timely client pricing in collaboration with the Corporate and Retail Desks

Market Engagement & Client Support

Act as a key support to Corporate Treasury by enhancing client turnover through insightful pricing, feedback, and market positioning.
Maintain strong relationships with internal stakeholders, regional sales teams, and global dealing centres to leverage market intelligence

Risk, Governance & Compliance

Monitor market risk, counterparty limits, and regulatory changes, ensuring alignment with internal controls and external expectations.
Oversee Foreign Exchange (FX) position monitoring and reconciliation throughout the trading day and at close of business.
Promote a strong risk culture by embedding the Group’s values and Code of Conduct in daily activities

Operational Excellence

Utilize advanced trading platforms and Information Technology (IT) systems for optimal execution and reporting of trades.
Ensure trade profitability and performance metrics are consistently tracked and reported.
Contribute to team knowledge sharing and process improvements

Leadership & Conduct

Uphold a culture of integrity, ethics, and high professional standards in the Financial Markets team.
Support colleagues and emerging traders by sharing best practices and market insights.

Skills and Experience of the Principal, FX Trader at Standard Chartered Bank

Must-Have Qualifications

A Bachelor’s degree in a relevant discipline.
Association of Corporate and Financial Professionals Dealing Certification (ACI certification) (mandatory).
Minimum of 5 years’ experience in Treasury or Foreign Exchange (FX) trading within a reputable financial institution.

Technical Competencies

In-depth knowledge of Foreign Exchange (FX) markets and financial instruments.
Proficiency in interpreting economic trends and applying technical trading strategies.
Strong understanding of regulatory frameworks governing financial markets.

Interpersonal & Business Skills

Excellent communication, negotiation, and client relationship management skills.
Strong decision-making capabilities with high attention to detail and risk awareness.
Demonstrated ability to work across multicultural and cross-functional teams

Additional Skills