Product Manager, Fixed Income & Currencies Markets at Nigerian Exchange Group (NGX Group)

About the Job

JOB DESCRIPTION:

Product Manager, Fixed Income & Currencies Markets

The Fixed Income Product Manager (FIPM) will be responsible for driving, designing and developing Fixed Income related products on the Nigerian Exchange. The FIPM will also oversee all functions pertaining to the Fixed Income product line with the overall goal of ensuring that Fixed Income 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 department. This position reports to the Head, Secondary Markets within the Capital Markets Division.

You would also be responsible for the following:

• Continuous enhancement of the Bond Market micro-structure, as well as development and introduction of new Fixed Income Product lines/markets.
• Develop and drive Fixed Income product lifecycle, from creation to launch/operational, as well as product excellence and usage (product management of the market).
• Manage functional market specifications for the product line and product literatures.
• Develop the market micro-structure (in areas such as transaction fees, market access and market quality) to increase product profitability.
• Catalyse the adoption of global best practices in sales practice, order handling, trade execution, trade reporting, and other initiatives that will enhance the client experience when interacting in the market.
• Liaise with the Market Operations and Technology Division to ensure system compatibility with market structure enhancements in support of the Fixed Income product suite.
• Drive review and amendment of trading rules as necessary, to promote fair and orderly trading in Fixed Income Products.
• Maintain relationships with broker-dealers, Institutional Investors (PFAs, CPFAs, Insurance companies, managed funds, portfolio managers, etc.) and other trading participants locally and internationally.
• Serve as a proactive resource to other areas of the organisation in order to educate and train them on product attributes and new initiatives.
• Coordinate and operate investor education programmes in partnership with other stakeholders on Bonds and other Fixed Income products.
• Understand drivers of order flow to NGX Exchange.
• Understand product profitability goals and provide inputs to appropriate financial areas.
• Analyse new product ideas in conjunction with institutional/wholesale distribution and marketing firms to determine success potentials and uniqueness within the industry.
• Monitor/interpret product pricing trends and recommend appropriate strategies.
• Provide insight and assist marketing on an on-going and proactive basis with respect to product positioning and communication strategies.

To successfully deliver these goals, you must have the following relevant experience & qualifications below:

• A first degree in quantitative or business related areas.
• A post graduate degree (MSc or MBA) or professional certification and licenses (e.g. CIS, CFA, Finra series 7 and 24) will be an added advantage.
• Minimum of 8 years post NYSC experience in financial services industry, Treasury or in an investment product management/marketing role, distribution-related role.