Head of Institutional Sales (FX & OTC)

Quidax is an African focused cryptocurrency exchange. We enable customers to buy/sell Bitcoin and other cryptocurrencies (Ethereum, USDT and Litecoin) with Naira.

Our vision, which is at the core of what we do every day at Quidax, is to build a world where sending money and value around the globe is as easy as sending a text message. We value positive energy, and clear communication and are committed to building an inclusive environment for people from every background.
We are recruiting to fill the position below:

Job Title: Head of Institutional Sales (FX & OTC)

Location: Lagos
About the Role

• This role owns OTC trading revenue and desk performance. You will build, scale, and run Quidax’s OTC business, providing large-block crypto execution for HNWIs, institutions, corporates, and trading desks.
• You’re not just a trader. You’re a desk builder, people leader, and risk-aware revenue operator.
  What You’ll Be Owning
  OTC Revenue & Volume:
• Own OTC volume, revenue, and margin targets
• Build a scalable OTC book with repeat, high-trust clients
• Balance volume growth with disciplined spread and risk management
  OTC Desk Build & Operations;
• Design the OTC operating model: pricing, approvals, limits, escalation
• Work closely with Finance, Compliance, and Liquidity teams
• Ensure clean settlement, confirmations, and post-trade processes
  Team Build & Leadership;
• Hire, train, and manage OTC sales reps and traders
• Define what “good” looks like for OTC reps (judgment > speed)
• Build a performance culture without cowboy risk-taking
  Client Relationships & Trust:

Build long-term relationships with:

• HNWIs
• Funds
• Corporates
• Market makers
• Retain clients across market cycles, not just bull runs
  Risk & Governance:
• Set and enforce risk limits per trade, client, and rep
• Ensure compliance with KYC/AML and internal controls
• Lead post-mortems when trades go wrong — no hiding
  Biggest Challenge You’ll Tackle:
• Managing volatility without blowing up margins
• Scaling OTC without turning it into a casino
• Recruiting disciplined OTC talent in a noisy market
• Operating OTC in African liquidity and FX realities
  Who We’re Looking For
• 7–12 years in OTC crypto trading or institutional sales
• Proven experience building and running an OTC desk
• Has managed people, not just personal books
• Strong understanding of pricing, spreads, hedging, and settlement
• Deep relationship network in crypto OTC markets
• Calm under pressure, high integrity, low ego
• Comfortable operating in emerging markets
• Excellent communication and negotiation skills, with the ability to foster long-term relationships with strategic partners
• A passion for innovation and the ability to thrive in a fast-paced, dynamic environment
• An entrepreneurial mindset with a knack for identifying and capitalizing on new opportunities
• A self-starter who thrives in fast-moving environments and doesn’t wait for instructions.
  Bonus:
• Experience working with crypto/blockchain companies, developer tools, or financial APIs.
  Application Closing Date
  Not Specified.
  How to Apply
  Interested and qualified candidates should:
  Click here to apply online