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Tuesday, November 20, 2018

Forex Trader Job at DFCU Bank - Career Opportunity in Uganda

Vacancy title:
Forex Trader 

Jobs at:
DFCU Bank 

Deadline of this Job:
22nd November 2018 

Duty Station:
Kampala, Uganda 

Summary
Date Posted: 20th November 2018 , Base Salary: Not Disclosed , Employment Type: Full-Time

JOB DETAILS:
Reports to: Head of Global Financial Markets

DFCU bank is a fast growing commercial bank offering a variety of innovative products and services. DFCU Limited was started by the Commonwealth Development Corporation (CDC) of the United Kingdom and the Government of Uganda through the Uganda Development Corporation (UDC) under the name of Development Finance Company of Uganda Limited. Later restructuring brought in DEG (of Germany) and International Finance Corporation (IFC) as equal partners with CDC and UDC, each having a 25% stake in the company. Its objective was to support long-term development projects whose financing needs and risk did not appeal to the then existing financial commercial lending institutions.
Job Summary: The Forex Trader will be price making, quoting and executing foreign currency trades on behalf of or for the benefit of the bank within set parameters for the counterparties and the overall bank liaising with counterparties and the supervisory team, analysing data, making quick fire decisions, and finalising trades over appropriate systems. Ensure all trades are captured and completed into the banks core banking system. Keep track of deals made, money made and money lost.

Key Duties and Responsibilities:
• Tasked with quoting prices to other interbank market participants and central bank as and when requested within approved set limits
• Execute trades and ensure all administrative issues are completed
• In charge of the daily maintenance of the banks foreign exchange blotter ensuring all major trades are captured
• Management of dealing room foreign exchange risk, with a view of avoiding or minimizing loss resulting from high risk exposures by ensuring that all trades and positions are within approved limits
• Liaising closely with the sales staff and brokers
• Determine market sentiments via research valuation and data analysis. Maintain close counterparty and supervisory relationships.
• Provide key parties with daily trading information
• Keep the sales team abreast with market movements or prices plus major developments
• Collect client sentiments and views plus market intelligence from the sales team
• Adherence to proper conduct and professional behavior
• Follow the prescribed procedures when dealing and adhere to the ACI code of conduct
• Keep up to date with current global developments, including economical & political
• Assemble, disseminate and distribute economic news

Qualifications, Skills and Experience:
• The applicant for the DFCU Bank Forex Trader job placement must hold a Business /finance/ Economics related degree/ACI certificate
• A minimum of four years’ experience in Banking
• Sound working knowledge of Financial Markets
• Strong analytical skills
• Mathematically inclined
• Willingness to take measured risks
• Proficiency for evaluating market conditions and responding quickly, proactively and positively
• Broad knowledge of banking practices and local banking regulation
• Broad knowledge of ALCO management
• A good appreciation and knowledge of Risk Management, covering Operational Risk, Market Risk, Counterparty Risk and Credit Risk
• Good analytical and decision making skills
• Ability to manage and motivate staff
• Ability to work in a matrix organization
Job application procedure
All candidates who so wish to join the banking sector in the aforementioned capacity are encouraged to send their applications with detailed CVs including present position and copies of relevant professional/academic certificates (University Transcript, O & A level) to: Vacanciesbank@dfcugroup.com
NB: dfcu Bank does not solicit/accept payment in cash/kind from prospective candidates in exchange for shortlisting or job placement. Any candidate who engages in this kind of transaction is aiding and abetting fraud and will be automatically disqualified.