Job Title:                     Head, Stockbroking- Nigeria

Industry:                      Banking

Location:                    Nigeria

Salary:                         Competitive Salary Package + Benefits

Job Purpose(s)

• Manage and provide strategic leadership and oversight on Securities/ proprietary trading.
• Set and drive implementation of business strategies which contribute to the organization’s market share, profitability, and related objectives in the division

Responsibilities:

• Participate in the formulation and implementation of market risk management policies, procedures, and guidelines.
• Deploy the use of technology tools to forecast market directions.
• Provide regular report on market for Prop Trading.
• Manage a team of asset (equity, fixed income, etc.) traders to aggressively build the business to achieve annual revenue and business growth targets.
• Build Company’s reputation in the marketplace as a market maker in the respective asset classes.
• Develop and execute trading to support other business divisions in generating revenue or hedging risks.
• Monitor market to analyse trends and events that may impact trading strategies and use information to advice clients.
• Develop the department’s budget in line with Company’s strategies and use information to advice clients.
• Perform other duties as assigned by the Executive Management / Board.

Key Performance Indicators (KPIs):

• Market share – trading volumes.
• Contribution to Company’s profit.
• Cost effectiveness of the department.
• Compliance to risk limits.
• Service quality

Job Requirements:

Education

• Bachelor’s Degree in Accounting or Finance
• Any of MBA, ACA, ACCA, CFA, ACS, CIS, Treasury Dealer Certificate or similar qualification will be an added advantage.

Experience

• Minimum of 8 years’ experience in Financial Services Industry with +3 years related work experience.

Key Competences Requirements:

Knowledge

• Shareholder Funds Management
• CSCS Trading platform
• Portfolio recovery and consolidation
• Dematerialization process
• Workings of registrars
• Regulatory compliance

Skill/Competencies

• Strong knowledge of financial markets and instruments.
• Insightful, quantitative thinker with strong analytical abilities.
• Highly focused and able to multitask and prioritise.
• Attention to detail and flexible.
• Integrity and ethics.