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Job Summary

We are looking for a Foreign Exchange Trader to execute foreign exchange (FX) transactions, manage the company’s position so it is within prescribed risk limits and to manage daily cash flows. This role involves working closely with internal teams, optimizing treasury operations, and ensuring compliance with risk and regulatory standards. The ideal candidate has prior experience with FX trading and instruments, strong analytical skills, and a proactive approach to process improvement.

Job Duties and Responsibilities (include but are not limited to)

• Execute FX transactions and manage the company’s position so it is within prescribed risk limits.
• Monitor cash flows and ensure the availability of funds to cover outgoing payments and approve payment files.
• Monitor incoming credits, check for matching deals and distribute the matched and unmatched credits with the dealers.
• Support treasury operations, including wire transfers, ACH payments.
• Serve as the primary point of contact for bank-related inquiries from various departments.
• Collaborate with the Business Analyst team to provide input during requirements gathering and perform comprehensive testing of new product features to ensure alignment with business needs and functional specifications.
• Understanding of FX markets, macroeconomics, and currency dynamics affecting currency movements.
• Pricing and managing FX Forwards and execution of FX swaps.
• Act as a backup for the credit team and take credit approval decisions in absence of the credit team.
• Identify opportunities for process automation within the treasury function and continuously improve treasury processes to enhance efficiency and accuracy.

Qualifications

• Bachelor’s degree or equivalent in either Finance, Mathematics, Economics or related fields.
• Minimum 2 years of experience in a similar role capacity, including in foreign exchange trading.
• Familiarity with Windows OS, Microsoft Office Suite – VBA coding is an asset.
• Excellent problem-solving, analytical and communication skills.
• Detail-oriented, organized, and capable of handling high-pressure situations and tight deadlines.
• Strong collaboration skills to coordinate with internal stakeholders across departments.
• Ability to work independently and as part of a team.

Ascendant is committed to fostering an inclusive, accessible environment where all employees and candidates feel valued, respected, and supported. We are dedicated to building a workforce that reflects the diversity of the communities in which we live and serve. Ascendant will provide accommodations throughout the recruitment, selection, and/or assessment process to applicants with disabilities. If selected to participate in the hiring process, please inform us of any accommodations you may require to ensure your equal participation.

AscendantFX Capital Inc., provides innovative technology to create customized international payment solutions for businesses. Our office is located at 1902-150 King St. W.,  Toronto, ON M5H 1J9. We are looking for a Global Payments Team Lead to join our team immediately in support of the North American Global Payments team. The Global Payments Team Lead role will provide an introduction into management and automation with a specific focus on training teams across functions. This is a permanent, full-time position of 37.5 hours/week. Salary will range between $69,500 – $75,000/annum based on experience. This is a hybrid role, the Global Payments Team Lead will be expected to work from the office location along with being able to work remotely. The individual in this role will also be enrolled in the company group benefits plan. The language of work for the position is English.

The main responsibilities of the position include:

• Supervising and coordinating the daily activities of the team, ensuring the efficient assignment and completion of tasks related to financial transactions, accounts management, and banking operations.
• Monitoring transaction processing to ensure that daily performance targets are met, verifying accuracy and authorizing routine payments and other financial transactions as needed.
• Maintaining and updating training documents in line with evolving processes, banking regulations, and internal policies, ensuring team members are kept informed of any procedural changes.
• Leading team coaching and conducting performance evaluations to identify areas for improvement, ensuring employees are well-trained in job duties, company policies, and compliance standards.
• Participating in process improvement discussions and contributing actionable ideas to optimize team workflows and increasing operational efficiency.
• Taking part in testing for application rollouts, ensuring that new software tools or system enhancements are implemented smoothly without disrupting existing operations.
• Facilitating training sessions on new enhancements or provide retraining as necessary to ensure the team remains proficient in updated systems and procedures.
• Handling associate inquiries and troubleshooting issues related to financial processes, resolving problems efficiently and ensuring minimal impact on team productivity.
• Addressing internal departmental inquiries, such as those related to bank reconciliations or treasury issues, and ensure timely resolution to maintain workflow continuity.
• Managing the distribution of daily, weekly, and monthly reports, ensuring that key performance metrics and financial data are accurately tracked and communicated.
• Performing other duties as requested by management, supporting team and organizational goals while ensuring smooth operations across all areas of responsibility.

You must have the following qualifications:

• Completion of college program in accounting, bookkeeping or a related field.
• Experience in FX/Payment Processing and Payment instruction validation.
• Extensive experience in finance or accounts payable roles.
• Experience working with the following accounting banking software: DataSoft FXO, CashPro, Accuity Bankers Almanac, ITMS, Microsoft Office and other related banking services.
• Successful completion of a criminal background check and credit check as part of the hiring process.

Applications can be emailed to hr@ascendant.world using the subject line “Global Payments Team Lead”. Please provide your resume upon submission of application.

Ascendant is committed to fostering an inclusive, accessible environment where all employees and candidates feel valued, respected, and supported. We are dedicated to building a workforce that reflects the diversity of the communities in which we live and serve. Ascendant will provide accommodations throughout the recruitment, selection, and/or assessment process to applicants with disabilities. If selected to participate in the hiring process, please inform us of any accommodations you may require to ensure your equal participation.