Full-Time

Global Head of FX

Posted on 8/14/2024

Sendwave

Sendwave

201-500 employees

Fee-free international money transfer service

Fintech
Financial Services

Senior, Expert

Remote in UK

Remote-first organization offering flexibility.

Category
Corporate Finance
Risk Management
Finance & Banking
Requirements
  • Emerging/Frontier market FX: experience working in the EM/Frontier market FX space with ideally a deep network in Africa
  • Proven track record in revenue generation in order to become a significant contributor to the business’ global P&L. You have a hunter instinct to maximise FX margins
  • Managing a global team across EMEA and APAC
  • Developing and maintaining relationships with banks and liquidity providers to ensure competitive FX pricing
  • Working closely with Zepz’s Biz Dev team to drive existing and new business opportunities in FX
  • A keen strategic mind. You’ll be a thought leader for Zepz and help shape the future of our business through the development of thoughtful FX strategies that align with business objectives
  • Willingness to travel.
Responsibilities
  • Developing and managing the firm's FX activities, opportunities and exposures globally
  • Execution and developing an FX strategy

Sendwave focuses on international money transfers, allowing individuals, especially immigrants and expatriates, to send money to countries like Africa, the Philippines, and Haiti quickly and affordably. Users can link their debit cards and send money through a user-friendly app without incurring fees, as Sendwave generates revenue through exchange rate margins instead. The company is licensed in the US, Canada, the UK, and the EU, and offers 24/7 customer support, which has helped it build a trusted reputation with over one million users. The goal of Sendwave is to provide fast, secure, and cost-effective remittance services.

Company Stage

Acquired

Total Funding

$403.7M

Headquarters

Washington, District of Columbia

Founded

2017

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased digital banking adoption boosts demand for Sendwave's services in emerging markets.
  • Partnerships with traditional banks can expand Sendwave's service offerings and customer base.
  • Focus on financial inclusion creates favorable regulatory environments for Sendwave's expansion.

What critics are saying

  • CFPB scrutiny on remittance providers could impact Sendwave's operations and reputation.
  • Layoffs at parent company Zepz indicate potential financial instability affecting Sendwave.
  • Competitive remittance market risks customer churn due to price-conscious consumers.

What makes Sendwave unique

  • Sendwave offers fee-free international money transfers, unlike many competitors charging high fees.
  • The company provides 24/7 customer support, enhancing user trust and satisfaction.
  • Sendwave Pay offers interest-bearing accounts, a unique feature among remittance providers.

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Benefits

Unlimited Paid Time Off

Private Medical Cover

Retirement

Life Assurance

Parental Leave

Remote Work Options

INACTIVE