FX & Derivatives Trader

BASIC PURPOSE:
To ensure prudential and statutory mandated management of the Banks’ Foreign exchange rate risk.
MAIN DUTIES & 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 EXPEREINCE
QUALIFICATIONS
• 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.
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