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Head Trading job at Equity Bank Uganda Limited | Apply Now
Kampala, Uganda
Full Time
Are you looking for Management jobs in Uganda 2025 today? then you might be interested in Head Trading job at Equity Bank Uganda Limited
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.
Job Title
Head Trading job at Equity Bank Uganda Limited
Equity Bank Uganda Limited
Job Description
Job Title: Head Trading
Organisation: Equity Bank Uganda Limited
Duty Station: Kampala, Uganda
Reports to: Head of Treasury
Duties, Roles and Responsibilities
Keep track of exchange and interest rate movements in local and international markets, hedging against exposure created by customer transactions while managing the bank’s position in accordance with the market trends.
Maintain exchange positions for the bank within the given parameters and ensure profitable covering of open positions in the interbank markets
Provide competitive quotes for both FX & Money market aimed at Servicing currency requirements for Equity bank clients while ensuring maximum returns in line with the Bank’s revenue aspirations.
Liaise with other subsidiaries & counterparties on maximization of trading income and build relationships with brokers/dealers to identify fixed income securities for both investing and trading
Analyzes fixed income securities and invest in government securities taking into consideration multiple sources of information including industry and market research, historical data and projected financial statements.
Formulate and implement both the Money market and Fixed income trading Strategies.
Implement the Bank’s inter-bank money market trading affairs while monitoring all risks and making wise and logical decisions resulting in non-risky profitability
Prepare the monthly ALCO reports to be used during the monthly meetings
Constant and effective monitoring of the banks foreign currency exposure to ensure internal and BOU policy limits are adhered to.
In liaison with back-office departments, ensure timely renewal of Interbank & Counterparty Limits and ensure all reconciliations as per the treasury reconciliation guidelines.
Liaise with Refintiv, Bloomberg and any other service providers to ensure smooth operation of dealing platforms
Manage cash flow, liquidity and interest rate risk for the Bank and to ensure all key risk Indicators are in compliance with internal limits and regulatory requirements.
Perform interbank lending/borrowing, Funding swaps in accordance to the bank’s asset-liability position
SERVICES
COMMERCIAL
SERVICES
INDUSTRIAL
SERVICES
RESIDENTIAL
Qualifications, Education and Competencies
Bachelor’s degree in Economics or Business-related field.
Professional Qualifications: ACI dealing Certificate.
7 years progressive experience in a Treasury environment/field.
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 investment appraisal Skills: Able to provide advice and cause/effect evaluation to support business decision making.
Knowledge of Foreign exchange, Rates & Money market trends.
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 in the subject field to recruitment@equitybank.co.ug
Deadline: 13th April 2025.
NB: Only short-listed candidates will be contacted.
