Proprietary Trader at Alan & Grant

Job Description

• Buying and selling securities on behalf of clients and the company.
• Evaluating trading algorithms.
• Implementing effective trading strategies.
• Working with quantitative researchers to improve trading strategies.
• Regularly monitoring portfolios to ensure that they are guideline compliant.
• Create and maintain policies, business procedures, and practices to help ensure compliance with applicable laws and regulations.
• Keeping abreast with changes in the economy and the financial market.
• Assisting the company to attract new clients by maintaining and enhancing marketing materials.
• Work in a fast-paced technology-based trading environment with daily interaction across multiple business units.
• Ownership of the daily/intraday trade, position, and reconciliation.
• Build and maintain strong relationships with the exchanges, regulators, clearing firms and counterparties.
• Perform ad hoc project work as needed.
• Any other assignment as may be assigned by your supervisor

Key Performance Metrics

• Trade volume/value and or nos. of deals executed relative to the market.
• Reduction/elimination of trade error.
• Trading without falling victim of regulatory penalties.
• Compliance of job turnaround time with set standards.
• Number of certificates dematerialized per month/income.
• Elimination/existence of interruption to trading that is not Exchange induced.
• Number of new accounts opened.
• Income generated from transactions.
• Level of complaints/commendation from clients.
• Number of transferred accounts from Meristem

Requirements

• Bachelor's Degree in Finance, Accounting, Economics or a related field.
• Minimum professional qualification is ACS and an Authorized Dealing Clerk of the Nigerian Exchange Limited.
• Professional qualification CIS is compulsory; ACA, ACCA, MBA, CFA and CIIA will be an added advantage.
• Proven trading experience.
• Minimum of 4 years post-graduate experience with a minimum of 2 years as qualified authorized dealer of the Nigerian Stock Exchange.
• Ability to use EFA Horizon trading software of the Nigerian Stock Exchange.
• Good understanding of the working of Nigerian Macro-Economic indices
• Good understanding of the equity/capital market dynamics.
• A sound knowledge of the Rules and Regulations of The Nigerian Stock Exchange and SEC
• Strong numerical skill and ability to interpret basic accounting indices.
• Ability to multitask and work for long hours.
• Strong inter-personal relationship and good communication skill. Attributes
• Attention to details
• Must have hands-on trading experience.
• Strong entrepreneurial spirit and business acumen.
• A solid understanding of financial markets.
• Demonstrate strong analytical, quantitative, and technological skills.
• Ability to work in a high-pressure/fast-paced work environment.
• Excellent presentation and decision-making skills.
• Multitasking ability and proper task priority management
• Ability to work independently and with a team
• Excellent verbal and written Communication
• Proven trustworthiness and performance under the highest ethical standards.
• Ability to lead by example.
• Must possess good listening skills
• Good communication skill.
• Ready to learn and innovative
• Must be transparent and of honest disposition.
• Must always place client's interest above personal interest.
• Must act in the best interest of the firm in tandem with the market rules.

Work Tools Required:

• Laptop