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FX & Derivatives Trader job at Equity Bank Uganda | Apply Now
Are you looking for Bank jobs in Uganda 2025 today? then you might be interested in FX & Derivatives Trader job at Equity Bank Uganda
About the Organisation
Equity Bank Uganda Limited, is a commercial bank in Uganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator.
Equity Bank is one of the fastest growing banks in Uganda, with a large network of 50 branches, 7,000+ EquiDuukas, 1,279 POS Terminal and 50+ ATMs spread across the country. 25 of these branches are located in Central and greater Kampala, serving over 1,800,000 customers. The Bank has deployed a number of Alternate Business Channels to enhance its product and service delivery. These include: Internet Banking, Eazzy 247- a mobile banking service, Point of Sales (POS) machines as well as partnerships with major telecom companies.
The Bank has adopted the Group approach of financial inclusion by opening its doors to customers across the financial pyramid. On the back of the Group technological advances, Equity Uganda is now recognized as a key enabler to driving inclusion and innovation through strategic partnerships with telecoms, utility companies, local government, religious bodies, and third- tier financial institutions.
The partnership with the entities above has enabled Equity Bank Uganda to grow through technology adoption, faster access to finance and improved play in the growing cross-border opportunities following the recent revitalization of the East Africa Community (EAC). The Bank plays a pivotal role in facilitating trade by providing a gateway from Kenya to the quickly growing economies of Rwanda, Burundi, Democratic Republic of Congo and South Sudan. Improved performance and growth has resulted in improved customer relationships and better regulatory ratings.
Equity Bank Uganda Limited is a major contributor to Uganda’s job market as it currently employs over 2,000 members of staff. It won the Uganda Investment Authority “Employer of the Year Award" in 2010 and is among the top Ten Banks in Uganda in terms of profitability and customer deposits as at 2015.
Kampala, Uganda
Full Time
Job Title
FX & Derivatives Trader job at Equity Bank Uganda
Equity Bank Uganda
Job Description
Job Title: FX & Derivatives Trader
Organisation: Equity Bank Uganda
Duty Station: Kampala, Uganda
Job Ref: TREASURY/11/2025/01
Job Summary: To ensure prudential and statutory mandated management of the Banks’ Foreign exchange rate risk.
Duties, Roles 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
SERVICES
COMMERCIAL
SERVICES
INDUSTRIAL
SERVICES
RESIDENTIAL
Qualifications, Education and Competencies
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.
