Equities Trader at Coronation Insurance Plc

Job Summary

• The Equities Trader plays a pivotal role in overseeing the product development and trading activities within a securities brokerage firm in Nigeria.
• This position requires a deep understanding of financial markets, trading strategies, and product offerings.
• The individual in this role is responsible for managing a team of traders, analysts, and product specialists to ensure efficient and profitable operations.

Job Details

• Manage equity orders in a risk-controlled manner as a fiduciary and contribute to the investment process to reduce transaction costs and identify outperformance opportunities.
• Establish equity trading strategies and processes for rebalancing, manage risk and trading positions, and stay alert to liquidity and flow issues.
• Buy and sell equity securities by utilizing short term automated trading models .
• Monitor the capital market for news, potential disruptions, opportunities, and business implications.
• Creates strategies for buying and selling of shares on the equity market.
• Participate in bidding based on knowledge of the market dynamics of the industry or of the relevant stock.
• Analyse and resolve escalated trading discrepancies and unconfirmed trades.
• Evaluate orders and follow up on completion of trade orders.
• Handle multiple trading venues and markets and establish action plans to enhance relationships with counterparties.
• Formulate hedging strategies and monitor trading desk profit and loss positions.
• Guide interactions and programs with stakeholder groups to support organizational trade and business strategies and objectives.
• Evaluate preparation of brokers’ performance reports and central dealing unit’s performance reports
• Keep up to date with financial statement information such as balance sheet, accounting standards and principles, and related terminologies relevant to various institutional industries serviced by the company.
• Monitor and review operational plans and procedures for compliance.
• Learn and stay up to date with local trading regulations and best execution policies.

Requirements

• Bachelor’s degree in Finance, Accounting or any related discipline 
• Minimum of Six (6) years relevant post-qualification experience 
• Professional certification, e.g. CISA, CIMA, ACCA, ACA, CFA or other relevant professional certificate is an added advantage 
• Significant experience in fixed income trading, preferably in a financial securities firm or investment bank, with a strong track record of successful trades and risk management. 
• In-depth understanding of fixed income markets, including different types of fixed income securities, yield curve dynamics, credit analysis, and market liquidity. 
• Familiarity with financial derivatives and structured products is also beneficial. 
• Strong quantitative and analytical skills to analyze market data, assess risk-reward profiles, and develop effective trading strategies. 
• Proficiency in using financial models, spreadsheets, and data analysis tools is essential.