Summary
Date Posted: Tuesday, March 21 2023, Base Salary: Not Disclosed

JOB DETAILS:

dfcu Bank is a fast-growing Bank in Uganda offering a wide range of financial solutions to its chosen market segments. We are seeking to recruit for the role of Money Markets Trader to support our expansion strategy.

REPORTING TO: Head of Global Financial Markets

JOB PURPOSE: Reporting to Head of Global Financial Markets, the role holder will be responsible for exploring avenues for contributing to the banks profitability and expertise in matters related to funding of the Bank’s positions, meeting reserving requirements and trading in government securities.


KEY ACCOUNTABILITIES:
1. Grow the Bank’s interest income through interbank lending.
2. Anticipate and be alert to market changes and spot opportunities for investment.
3. Manage inter-bank money market transactions which include placements, borrowings and REPOS.
4. In conjunction with Treasury, ensure that the bank meets it Cash Reserve Requirements.
5. Funding of NOSTROS and clearing accounts to ensure that there are sufficient funds to meet clients’ needs at any time.
6. Monitor limits to keep within the Bank’s acceptable risk apetite.
7. Liaise with the relevant stakeholders to get an understanding of all major clients’ current cash positions and anticipated future cash positions to take relevant decisions.

QUALIFICATIONS, EXPERIENCE and COMPETENCIES REQUIRED:
1. A university Degree in Business, Finance, Economics, Statistics, Actuarial Sciences, or related field.
2. At least 4 years’ experience in Banking.
3. Basic working knowledge of Financial Markets.
4. Strong analytical skills.
5. Mathematically inclined.
6. Have excellent verbal and written communication skills.
7. Ability to Keep up with global developments including economic & political developments in as far as they relate to interest rates, exchange rates, commodity prices etcetera.
8. Basic knowledge of treasury products especially financial markets products.
9. Willingness to take measured risks.
10. Broad knowledge of banking practices and local banking regulations.
11. A good appreciation and knowledge of Risk Management, Covering Credit, Market, Counterparty and Operational Risk.
12. Good analytical and decision-making skills.
13. Self-driven.
14. Ability to work in a matrix organisation.


Work Hours: 8

Experience in Months: 48

Level of Education: Bachelor Degree

Job application procedure


If you believe you meet the requirements as noted above, please forward your application with a detailed CV including present position and copies of relevant professional/academic certificates (University Transcript, O & A level), by close of business on Tuesday 21st March 2023 to the email address indicated below.

Vacanciesbank@dfcugroup.com 

dfcu Bank is committed to give equal opportunities in employment and aims to ensure that it does not discriminate against gender or race. Only short-listed candidates will be contacted through +256 312 300391.

Disclaimer: 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.

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