Legal and Compliance Analyst at National Association of Securities Dealers

Location: Marina, Niger
Industry: Finance & Investment
Grade: Legal Analyst - Senior Legal Analyst
Reports to: Head, Legal and Compliance

Job Summary

• The Legal and Compliance Department of NASD requires a consummate legal professional with a strong personality, keen attention to detail and the ability to work as a team player to support its Legal and Compliance Department.
• The individual would be required to have a broad understanding of NASD’s policies, overall mission, and strategy, as well a strong legal background.

Duties And Responsibilities
Legal and Compliance:

• Draft, review and advise on legal documentation of all types, agreements, contracts, product papers, within agreed timeframes and under the supervision of the Department Head.
• Providing enterprise wide legal support on a myriad of issues in a timely and qualitative manner
• Minimizing NASD’s exposure and that of its subsidiaries to legal liabilities. Ensuring NASD’s compliance with all applicable laws and providing sound legal advice on legal obligations and implications on the enterprise’s business conduct, transactions, and policies.
• Assist in the provision of company secretarial services to NASD PLC, NASD TGF and NASD Subsidiaries including preparing or reviewing Board papers, calendars, minutes, and action notes.
• Managing external service providers in the provision of company secretarial services to NASD
• Aid in monitoring the activities outlined in the Compliance Monitoring Programme and ensure that the relevant reports are submitted to the department and regulatory bodies by other units
• File and keep proper records of all documentation in the department
• Assist in ensuring NASD is following the provisions of CAMA, Investment & Securities Act, Securities & Exchange Rules and Regulations and that all corporate filings are up to date.
• Other tasks as may be assigned by the Department Head.

Market Regulation:

• Drafting of new rules and regulations for NASD and putting out notices to stakeholders as well interpreting existing rules and answering frequently asked questions on proposed rules.
• Periodically amending existing Rules and Regulations in line with current developments and best practices.
• Maintain up-to-date information on regulatory and policy changes and give proactive opinions on proposed legislation that affects NASD.
• Review applications for registration with NASD and maintain up to date information of Participating Institutions.
• Conduct legal research and analysis to develop solutions to OTC market legal requirements.
• Prepare and update the PI Database reports on a weekly basis
• Maintain a database for tracking compliance history and deadlines granted to firms
• Monitor the status of PI Firms and send frequent notifications and reminders to defaulting firms ahead of deadlines.
• Prepare compliance circulars and bulletins for publication
• Prepare compliance reports for the Securities & Exchange Commission on activities of Participating Institutions.

Minimum Qualification

• Minimum of 2:2 in University (LLB).
• A law degree with at least 3-5 years’ experience in the legal function of a listed company, law firm or financial services institution.
• Strong understanding of securities laws and a good understanding of the Investment and Securities Act, SEC Rules and Regulations, NASD Rules and Regulations, CAMA and other regulations affecting the Nigerian capital market.

Required Competencies:

• Strong Research Expertise
• Analytical Thinking
• Application of Legal Expertise
• Relationship Management
• Project Management
• Attention to Detail
• Leadership
• Problem Solving
• Strong experience with MS Office Suite: Word, Excel, Project, PowerPoint.