Equity Bank Uganda is hiring a FX & Derivatives Trader to ensure prudential and statutory mandated management of the Banks’ Foreign exchange rate risk.

Job Ref: TREASURY/11/2025/01

 

 

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: recruitment@equitybank.co.ug

 

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.

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