Recruitment at the Nigerian Stock Exchange
The Nigerian Stock Exchange, services the largest economy in Africa, and is championing the development of Africa's financial markets. The Exchange offers listing and trading services, licensing services, market data solutions, ancillary technology services, and more. It is an open, professional and vibrant exchange, connecting Nigeria, Africa and the world.
We are recruiting to fill the positions below:
Job Title: Equity Products Manager
Location: Lagos
Division: Trading Business Division
Department: Secondary Market Department
Report to: Head - Secondary Markets Department
Grade: Deputy Manager - Senior Manager
Estimated Date of Resumption: Monday, March 23, 2020
Job Summary
- The Equities Product Manager will oversee all functions pertaining to the equities product line with the overall goal of ensuring that Equities products are appropriately priced, positioned, promoted, and supported in a way that will increase order flow as measured by number of transactions, trading volume and value in line with the overall goals of the product management department.
- The Equities Product Manager will also become the “product advocate” by proactively disseminating related information while communicating the product message.
- The candidate is expected to stay abreast of the competitive landscape and industry trends (utilizing internal and external data/information resources) to create a competitive platform that enables stakeholders realize their investment objectives.
- The Nigerian Stock Exchange services the largest economy in Africa, and is championing the development of Africa’s financial markets.
- The Exchange offers listing and trading services, licensing services, market data solutions, ancillary technology services, and more. It is an open, professional and vibrant exchange, connecting Nigeria, Africa and the world.
Key Responsibilities
- Drive review and amendment of trading rules as necessary, to promote fair and orderly trading in equities
- Maintain relationships with broker-dealers, market makers, Institutional Investors and other trading participants locally and internationally
- Serve as a proactive resource to other areas of the organization in order to educate and train them on product attributes and new initiatives
- Coordinate and operate investor education in partnership with other stakeholders on E based products.
- Enhance the market micro-structure (in areas such as transaction fees, market making, , securities lending and short selling, and market quality) to increase product profitability
- Catalyse the adoption of global best practices in sales practice, Equities order handling, trade execution, trade reporting, and other initiatives that will enhance the client experience when interacting in the Nigerian securities market
- Liaise with the Market Operations and Technology Division to ensure system compatibility with market structure enhancements in support of the Equities product line
- Work with market participants to increase market liquidity in equities and consider questions such as appropriateness of algorithmic trading in the Nigerian market, length of trading hours, stock circuit breakers, best execution statistic, Opening and Closing auctions, etc
Other Responsibilities:
- Analyse new product ideas in conjunction with institutional/wholesale distribution and marketing firms to determine success potentials and uniqueness within the industry
- Continuously monitor industry trends and competitive environment; recommend initiatives to strengthen market position.
- Coordinate and partner with other Secondary Market team members and stakeholders, to design and price products, identify and address key issues that must be resolved before a successful product launch occurs
- Serve as gatekeeper, ambassador and product line expert to internal/external parties
Qualifications and Experience
- A post graduate degree (MSc or MBA) or professional certification and licenses (eg CIS, CFA, Finra series 7 and 24) will be an added advantage
- Minimum 8 years of experience in financial services industry or in an investment product management/marketing role, distribution-related role.
- A first degree in Finance or Business related areas
Functional Competencies:
- Strategic Planning & Analytical
- Good Understanding of Market Statistics
- Knowledge of order flow drivers and the eco system
- Understanding of Financial Markets and Investment Strategies.
- Capital Mkt Knowledge
- Analytical Thinking
- Microsoft Office Packages
Behavioural Competencies:
- Inter-Personal Relations
- Team Player.
- Attention to Detail
Job Title: Product Specialist, ETPs
Location: Lagos
Division: Trading Business Division
Department: Secondary Market Department
Report to: Head - Secondary Markets Department
Grade: Assistant Manager - Deputy Manager
Estimated Date of Resumption: Monday, March 23, 2020
Job Summary
- S / he is expected to stay abreast of the competitive landscape and industry trends (utilizing internal and external data / information resources) to support the creation of a competitive platform that enables stakeholders realize their investment objectives.
- The Product Specialist will support the drive of ETP product line and ensure the success of these programmes by developing and maintaining relationships with ETP market participants and relevant external and internal stakeholders.
- S / he will assist to obtain and maintain knowledge of ETP client business, set up and attend stakeholder visits and conduct stakeholder presentations.
- The position is situated Nigeria with a global focus to cover both local and international buy and sell side participants.
- The Product Specialist, ETP will support the review /creation of ETP frameworks for scope of work, proposals, and research and business cases.
- S / he will support all functions pertaining to the ETP product line with the overall goal of ensuring that ETPs are appropriately priced, positioned, promoted, and supported in a way that will increase order flow as measured by number of transactions, trading volume and value in line with the overall goals of the product management department and will have responsibility for margins made on ETP Product line.
- The Product Specialist will assist as the “Product Advocate” by proactively disseminating related information while communicating the product message.
Key Responsibilities
- Manage key relationships with other stakeholders, Broker-Dealers, Market Makers, Institutional Investors (PFAs, CPFAs, Insurance companies, managed funds, portfolio managers, etc) and other trading participants locally and internationally
- Assist in the development and maintenance of a broad knowledge and awareness of trading industry developments, competitors, regulators, rules that impact ETP trading
- Assist to proactively disseminate investment and product resources to other areas of the organization in order to educate and train Internal/External stakeholders on Product attributes and new initiatives. Assist to coordinate and operate investor education in partnership with other stakeholders. Work with Product Managers in developing business plans to achieve company revenue goals
- Analyse competitive marketplace and industry trends to accordingly develop business strategies for revenue generation
- Obtain customer / client feedback and suggest appropriate product revisions
- Support the Product Manager to liaise with fund experts to consistently develop and manage an array of offerings under ETP product line to meet the needs of the investing community and assimilate market feedback into new product development and positioning of existing ETPs
- Assist to define the Exchange’s growth strategy and execution plan for the ETPs product line to drive product sales & profitability
- Perform research and support data analysis, such as trend and behaviour analysis related to the financial services industry and ETPs product development in general Using the outcome of analysis and research, underpin recommendations for creating, developing, maintaining and enhancing NSE ETP Market product
- Support the design and implementation of new ETP Product initiatives: Draft relevant documentation, perform analysis, research and carry-out appropriate planning with cross-market collaboration in mind, when relevant
- Recommend product enhancements and updates to identify new business opportunities
- Work with business team to identify new customers and to retain existing customers
- Maintain complete documentations for all product related activities
- Research / Policy Development and Standard Operating Procedures:
- Periodically updating ETPS Market policy, guidelines and Standard Operating Procedure (SOP)
- Conduct regular research and liaising with professionals across various industries to ensure best practices for ETPS Market are practiced in the organisation.
- Support the coordination of activities of ETP liquidity providers to appropriate their functions in promoting liquidity and market efficiency
- Support the enhancement of the market micro-structure (in areas such as transaction fees, ETP licensing fees) to increase product profitability
- Assist to advocate transparency of ETPs listed on The Exchange by ensuring they observe documentation requirements in terms of structure, exposures and fair value at all times
- Support the Product Manager to liaise with ETP providers covering the Nigerian market or NSE ETP committee to ensure the providers meet a strong market demand for new and innovative ETPs to support ETPs across the asset class
- Support the drive for performance ie turnover & margins of ETP trading on The Exchange
- Work with the Product Manager to liaise with the Market Operations and Technology Division to ensure system compatibility with market structure enhancements in support of the ETP product line and other business partners as necessary
- Support the creation, review and amendment of ETP trading rules as necessary, to promote fair and orderly trading in ETPs
Other Responsibilities:
- Monitor / interpret product pricing trends and recommend appropriate strategies
- Understand product profitability goals and provide inputs to appropriate financial areas
- Assist in driving the development process once a new product has been approved by all functional areas. Support the Listing Sales and Retention team in marketing on an on-going and proactive basis with respect to product positioning and communication strategies
- Continuously monitor industry trends and the competitive environment; recommend initiatives to strengthen market position
- Assist in the preparation of presentations for ExCo and other key stakeholders. P & L responsibilities for ETP products.
- Understand drivers of ETPs order flow to the Exchange
- Support the Product Manager to coordinate and partner with the other product development team members in conjunction with other stakeholders, to design and price products, identify and address key issues that must be resolved before a successful product launch occurs
- Serve as gatekeeper, ambassador and product line expert to internal/external parties
- Research new product ideas in conjunction with institutional/wholesale distribution and marketing firms to determine success potentials and uniqueness within the industry
Qualifications and Experience
- Minimum 6 years of experience in financial services industry or in an investment product management/marketing role, distribution-related role.
- A first degree in quantitative or business related areas. A post graduate degree (MSc or MBA) or professional certification and licenses (eg CIS, CFA, will be an added advantage.
Functional Competencies:
- Ability to work under presure with strict deadlines
- Good working knowledge on institutional and wholesale distribution channels
- Solide knowledge of electronic trading, algorithmic trading or high frequency trading.
- Microsoft Office Packages
- Strategic Planning & Analytical
- Excellent Communication Skills, both Written and Verbal
Behavioural Competencies:
- Relevant experience in trading, sale-trading, sales.
- Time Management
Application Deadline 27th January, 2020.
Job Title: Technology Business Analyst
Location: Lagos
Division: Shared Services Division
Department: Technology Services Department
Report to: Team Lead, IT Project Management Grade: Executive Assistant - Officer
Estimated Date of Resumption: Monday, March 23, 2020
Job Summary
- The aim of this role is to support the Project Management Office Team to work closely with business partners and team members to document business processes / requirements and recommend process improvements and document processes within the new system.
- The job holder must be a high-energy, hands-on individual with strength of convictions and be able to present outstanding teamwork, interpersonal and communication skills, in addition to technical skills and adapting to new and evolving technologies.
- The Nigerian Stock Exchange serves the largest economy in Africa, and is championing the development of Africa’s financial markets.
- The Exchange offers listing and trading services, licensing services, market data solutions, ancillary technology services, and more. It is an open, professional and vibrant exchange, connecting Nigeria, Africa and the world.
Key Responsibilities
- Prepares a detailed work plan which identifies and sequences the activities needed to successfully complete the project
- Liaises with the Team Lead, Project Management Office to develop, agree project objectives, performance requirements and identifies project participants for approved projects
- Maintains strict adherence to the budgetary guidelines, quality and safety standards
- Co-coordinates the efforts of all third-parties involved in the project lifecycle
- Develops project templates to ensure that all project information is appropriately documented and secured, and ensures all financial records are up to date
- Produces weekly reports dashboards for the Team Lead, showing progress against outstanding milestones, status, resource requirements, issues, risks and dependencies, organize complex information
- Develops project status reports for management and funders, and liaises with the Strategy team to develop reporting dashboards, as may be required
- Consolidates project reports from key stakeholders for monthly reviews
- Performs regular assessments of projects with departmental heads and project managers to ensure project management standards are followed when supervising projects
- Ensures that project deliverables are completed on time, within budget and at the required level of quality.
- Collaborate with stakeholders and users to elicit and document user requirements and develop solution / functional specifications and user stories for software development team
- Document all requirements and the business solution such that stakeholders, the development team and test team understand them clearly to go about their tasks
- Assess the impact of the solution on various stakeholders
- Develop product documentation and training materials (including videos, if applicable) and deliver training
- Under the guidance of the Team Lead – Technology PMO, develop performance metrics, analyze customer usage patterns, and complete other data analytics projects
- Collaborate with the Project Managers and Developers to translate Business Requirements into products and services
- Play a key role in the Quality Assurance and User Acceptance of the software products
- Monitors and revises project plans, and escalates issues and or risks as they arise in line with agreed criteria
- Manages the project planning, budgeting, and resource identification process as needed
- Determines the resources (time, money, equipment, etc,) required to complete projects
- Ensures optimal allocation and use of resources - labour, materials and equipment and liaises with Procurement to ensure resource acquisition at the most favourable terms
Other Responsibilities:
- Support other members of the team in delivery of the departmental goals and objectives
- Conduct research as the need arises.
- Perform other related duties as may be assigned from time to time
Qualifications and Experience
- Minimum of 2 years’ post - NYSC relevant project management experience
- Relevant professional qualification e.g. PMI-PMP, PMI-BA, IIBA-CBAP/CCBA or Prince II or other Professional Business Analysis/Project Management certification, will be an added advantage.
- To successfully deliver the above goals, the right candidate must have: Bachelor's degree in Computer Science or other Sciences, an engineering discipline or equivalent
Functional Competencies:
- People Management
- Presentation
- Project Management
- Risk Management.
- Analytical Thinking
- Data Gathering and Analysis
- Negotiation
Behavioural Competencies:
- Planning and Organizing
- Professionalism.
- Attention to Detail
- Effective Communication Skills (Written & Oral)
Application Deadline 26th January, 2020.