OTC Trader – Luno, Cape Town or Johannesburg

Job Overview

Luno is currently hiring for the position of OTC Trader in Cape Town or Johannesburg. This role involves key operational responsibilities, and qualified applicants who meet the criteria below are encouraged to apply.

Job Details

• Employer: Luno
• Location: Cape Town or Johannesburg, South Africa
• Posted: 5 August 2026
• Closing date: Not specified by source; applications may close without notice.
• Salary: Not disclosed by source

Key Responsibilities

• Be the voice of the desk for institutional customers and VIP traders: price and quote large OTC trades, source counter-trades, and execute with speed and discipline.
• Build durable relationships with those clients alongside our country teams and relationship managers — the goal is repeat flow, not one-off tickets.
• Manage the desk's working capital, ensuring anticipated trades are pre-funded or backed by adequate credit facilities.
• Own trade disputes end-to-end, and work with Trade Operations to settle every trade cleanly.
• Execute across the book — OTC trades, counter-trades, and market counter-trades when matched flow falls through — always within approved trading strategies.
• Hedge Luno's market risk on its working capital and revenue streams, and execute revenue liquidation trades.
• Own the desk's P&L against targets and risk limits — you'll know your numbers cold and be able to defend every line of them.
• Drive the development of trading strategies across crypto and FX — OTC, hedging and revenue liquidation today; derivatives, arbitrage and warehousing as the desk matures — with risk management and profitability at the core.

Requirements

• A successful broking / OTC trading track record across more than one market.
• Ambition to grow with the desk — you see this role as a step toward broader market ownership and, in time, trading leadership.
• Ability to adapt to a fast-paced and dynamic trading environment.
• Compliance with regulatory standards and a commitment to ethical trading practices.
• Strong attention to detail and accuracy in trade execution and documentation.
• Excellent interpersonal and communication skills, a strong team player.
• Friendly, transparent, articulate and driven to succeed.
• A passion for crypto.

How to Apply

Use the Apply Now button below to navigate directly to the official Luno recruitment portal and complete your online application.

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