I&M Bank Uganda is a commercial bank headquartered at Kingdom Kampala with a growing regional presence. The Bank offers a wide range of commercial banking and financial products and services, and prides itself on introducing innovative products and services based on the needs of its customers. We are seeking to recruit a competent and highly motivated individual with extensive experience and abilities to support business growth in the following position:
JOB TITLE: TREASURY TRADER
LOCATION: HEAD OFFICE
REPORTS TO: HEAD OF TRADING
Job purpose:
This role is responsible for strategizing and executing trades in Foreign Exchange & Fixed Income securities, including bonds and other debt instruments, while ensuring compliance with the organization’s risk management guidelines and trading strategies. Should demonstrate strong analytical abilities, a comprehensive understanding of the foreign exchange and fixed income market, and the capacity to make swift, informed decisions under pressure.
Key responsibilities & Accountabilities:
Trade Execution
§ Execute trades in fixed income securities and foreign exchange (Forex) markets, ensuring compliance with both market regulations and internal policies.
§ Optimize trading strategies to maximize returns while minimizing risk exposure.
§ Develop daily trading strategy for the desk and guidance to the Sales Dealer team
§ In charge of all currency positions and global Bank position
§ Strategy formulation for trading desk and Margin management
§ Growth in counterparties traded with and relevant strategies development
Market Analysis and Decision-Making
- Market Maker – Conducts in-depth analysis of market trends, economic indicators, and financial reports to provide actionable insights and drive informed trading decisions.
- Stay abreast of global financial news, adjusting strategies in response to market shifts and changes in financial landscapes.
Relationship Management
§ Build and maintain strong relationships with interbank trading counterparties, clients, and other key stakeholders.
§ Collaborate with relationship managers to facilitate smooth execution of trades and enhance client satisfaction.
Pricing and Sales Support
§ Develop competitive pricing models for clients, aiming to grow the bank’s market share by offering optimal value.
§ Support the sales team with tailored pricing solutions that meet the needs of clients, while ensuring profitability for the bank.
Client-Focused Trading
§ Engage in direct trading with clients, including both fixed income securities and foreign exchange, delivering high-quality service and ensuring client satisfaction.
§ Identify and capitalize on trading opportunities that directly benefit both the bank and its clients.
Risk Management
§ Constantly monitor trading activities to ensure alignment with established risk management frameworks and organizational limits.
§ Regularly assess risk metrics, including Value at Risk (VaR), to safeguard the bank’s interests.
Personal Development and Training
§ Actively identify knowledge gaps and create a personal development plan, focusing on ongoing learning and professional growth.
§ Participate in industry events and continuous professional development opportunities.
Compliance and Audit
§ Ensure full adherence to I&M Bank’s internal policies, liquidity investment directives, and regulatory frameworks.
§ Maintain an “Acceptable” audit rating by ensuring that all trades and activities comply with internal audit standards and compliance to internal and external regulations.
§ Daily, weekly reporting of transactions done and income
Industry Visibility
§ Represent the bank at industry events and forums, promoting the bank’s capabilities and maintaining a visible presence within the market and actively contribute to discussions on industry trends, regulatory changes, and market dynamics.
Minimum Education Qualification:
§ Bachelor’s degree in finance, Business, Accounting, Commerce, or a related field is required.
§ A master’s degree in a relevant field is an added advantage.
§ ACI Dealing Certificate is mandatory for this role.
Work Experience:
§ At least 4 years of working experience in a commercially oriented organization with 2 years’ experience at a supervisory level.
Required Competencies (Knowledge, Skills & Abilities):
- Self-Driven with personal initiative and innovation toward business growth
- Strong analytical skills and attention to detail.
- Problem-solving capabilities and the ability to thrive under pressure.
- Proven sales management and customer relationship management (CRM) experience.
- Expertise in market analysis and ability to anticipate market trends.
- Strong communication and collaboration skills to effectively interact with cross-functional teams.
Note: Deadline for this job posting is 02 April 2025 at 5:00pm and only shortlisted candidates will be contacted
