Job Title: FX & Derivatives Trader
Organisation: Equity Bank Uganda
Duty Station: Kampala, Uganda
Job Ref: TREASURY/11/2025/01
About Organisation:
Equity Bank Uganda Limited is one of the region’s leading banks whose purpose IS to transform the lives and livelihoods of the people of Africa socially and economically by availing them modern, inclusive financial services that maximize their opportunities. With a strong footprint in Uganda, Kenya, Tanzania, Rwanda, Southern Sudan and DR Congo, Equity Bank is now home to more than 12 million customers, the largest customer base in the Eastern African Region.
Job Summary: To ensure prudential and statutory mandated management of the Banks’ Foreign exchange rate risk.
Key Duties and Responsibilities:
- Proprietary trading in foreign currencies within the given parameters.
- Drive Market making in USDUGX and other currencies where applicable.
- To maintain exchange positions for the bank within the given parameters and ensure profitability for the bank.
- Covering of open positions through the interbank market.
- Product development in order to hedge against exposure created by customer transactions i.e spot, forward and swaps.
- Keep track of exchange rate movements in local and international markets while managing the bank’s position in accordance with the market trends.
- Servicing currency requirements for Equity bank clients and ensuring maximum returns from these relationships.
- Maintaining contact with key players in the industry and gathering information that is likely to affect financial markets.
- Provide competitive quotes to the FX sales team in order to cover client flows.
- Liaise with other subsidiaries on maximization of group trading and derivatives income.
- Effective and timely reports to ALCO on foreign exchange trends and forecasts.
- Remain in close contact with brokers/counterparty dealers in order to establish price discovery.
- Liaise with the FX sales desk for opportunities around hedging through derivative instruments
- Constant and effective monitoring of the banks foreign currency exposure to ensure internal and BOU policy limits are adhered to.
- Accuracy of records, appropriate application of products and correctness of P&L position.
- Positions and profit reconciliations in liaison with back office departments.
- Timely follow up on all reconciliation items.
- Timely renewal of counterparty Limits.
- Liaise with Refinitiv & Bloomberg and other service providers to ensure smooth operation of dealing resources.
- Ensure that the operational side of FX trading is correct and timely, and where necessary settling and recording of trading activity is done seamlessly
Qualifications, Skills and Experience:
- Bachelor’s degree in Economics or business related field.
- Professional Qualifications: ACI dealing Certificate is a must have
Skills
- Thorough understanding of the local and international financial services industry.
- General banking experience
- Financial analysis Skills: Ability to analyze market information and provide structured solutions.
- Analytical business and appraisal Skills: Able to provide advice and cause/effect evaluation to support business decision making.
- Technology Skills: High level of computer literacy.
- Industry knowledge: Knowledge of foreign exchange markets and trends of major currencies.
- Goal driven and results oriented: Enjoys being measured, and judged by financial and other performance targets.
- Personal Ethics: Has a strong service ethic and demonstrates integrity in work and business contacts.
- Communication Skills: strong evaluation, communication and reporting skills.
- Interpersonal Skills: Builds relationships and networks easily with ability to interact with key contacts in the finance sector.
- Work balance: Ability to balance opposing business requirements as well as long and short term requirements independently.
Experience
- 5 years progressive experience in a Treasury environment/field.
How to Apply:
If you believe you can clearly demonstrate your abilities to meet the criteria given above, please submit your job application cover letter along with a detailed resume, copies of the relevant certificates and testimonials in a single PDF file format, quoting the respective Job title or Ref no. in the subject field to
Deadline: 25th November 2025
Note:
- Only shortlisted candidates will be contacted.
- Equity Bank is an equal opportunity employer. We value the diversity of individuals, ideas, perspectives, insights and values, and what they bring to the workplace.
For more of the latest jobs, please visit https://www.theugandanjobline.com or find us on our facebook page https://www.facebook.com/UgandanJobline
Level of Education: bachelor degree
Work Hours: 8
Experience in Months: 60