Head, Stockbroking- Nigeria

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.

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