Job Title: Fixed Income Trader  Â
Organisation:Â DFCU Bank
Duty Station:Â Â Kampala, Uganda
Reports to: Head of Global Financial Markets
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About US:
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: Reporting to the Head of Global Financial Markets, the Fixed Income Trader will be responsible for maintaining the bank’s Held-for-Trading portfolio in Government Securities, generating both long- and short-term trading plans and executing trades daily.
Key Duties and Responsibilities:
- Implementing Fixed-income sales and marketing strategies, tracking performance against budget on a daily, weekly and monthly basis to realise set fixed-income budgets.
- Execute and capture primary and secondary market trades ensuring completion into the bank’s core system.
- Monitor the banks PV01, Value-at-Risk and Aging limits.
- Analyse market data and risk to form a trading strategy.
- Build and maintain strong relationships with regulators, counterparties and investors.
- Continuously engage various stakeholders to discuss market trends and investment strategies.
- Stay up to date on industry trends including regulatory changes.
- Management of market risk, to mitigate losses resulting from high-risk exposures by operating within approved limits.
- Adherence to the highest standards of ethical and professional behaviour.
- Adherence to the ACI and BoU code of conduct.
- Keep up to date with global macroeconomic and political developments.
- Assemble, disseminate and distribute economic news
Qualifications, Skills and Experience:
- The applicant must hold a degree in Business, Finance, Economics, Statistics, Actuarial Sciences, or a related field.
- ACI dealing certificate is an advantage.
- Broad knowledge of banking practices and local banking regulations.
- Broad knowledge of ALCO management.
- Good knowledge of Trade finance and corporate banking functions.
- Ability to market and establish client relationships.
- Good analytical and decision-making skills.
- Ability to manage and motivate staff.
- Ability to work in a matrix organisation.
How to Apply:
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), to the email address indicated below.
Vacanciesbank
dfcugroup.com
Deadline: 10th May 2024
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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.
For more of the latest jobs, please visit https://www.ugashare.com or find us on our facebook page https://www.facebook.com/Ugashare
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