Stockbroker at City Code Mortgage Bank Limited

Stockbroker

• The Stockbroker is responsible for executing securities transactions on behalf of the firm and its clients on the Nigerian Exchange Group (NGX) and other authorised trading platforms.
• The role involves managing client trading accounts, providing investment recommendations, monitoring market movements, and ensuring full compliance with Securities and Exchange Commission (SEC) regulations and NGX Rules.
• The Stockbroker serves as a trusted intermediary between clients and capital markets, delivering value through timely trade execution, accurate reporting, and sound market intelligence.

Key Responsibilities
Securities Trading & Order Execution:

• Execute buy and sell orders for equities, bonds, ETFs, and other listed securities on behalf of clients through the NGX trading system.
• Ensure all trade orders are executed promptly, accurately, and at the best available market price in the client's interest.
• Monitor open orders and positions throughout the trading session and update clients on execution status in real time.
• Maintain detailed trade blotters and transaction records for each client account.

Client Account Management;

• Conduct KYC (Know Your Customer) and AML checks for all new and existing clients in line with regulatory requirements.
• Provide clients with regular account statements, portfolio performance reports, and trade confirmations.
• Handle client enquiries, resolve trade disputes, and escalate complex issues to the Head of Capital Markets.
• Build and maintain strong client relationships to drive retention and trading volume growth.

Investment Advisory & Market Intelligence:

• Provide clients with investment advice and trading recommendations based on market analysis, research reports, and risk profiling.
• Monitor real-time market data, NGX price movements, corporate announcements, and macroeconomic indicators to identify trading opportunities.
• Advise clients on optimal entry and exit points, portfolio diversification, and risk management strategies.
• Prepare and share market updates, trading summaries, and investment briefs for clients and management.

Regulatory Compliance & Reporting:

• Ensure all trading activities comply with SEC Rules and Regulations, NGX Rulebook, ISA 2007, and the firm's internal compliance policies.
• Prepare and submit required regulatory returns, trading reports, and compliance documentation within stipulated timelines.
• Report suspicious transactions and potential market abuse incidents to the Compliance Officer promptly.
• Maintain proper documentation of all client instructions, confirmations, and correspondence as required by regulators.

Business Development:

• Identify and onboard new retail and institutional clients through referrals, networking, and marketing activities.
• Develop and maintain a client pipeline, tracking prospects from initial contact through to account activation.
• Contribute to the firm's trading revenue targets by growing client trading volumes and deepening existing relationships.
• Participate in investor education events, capital market seminars, and client engagement programmes.

Key Performance Indicators

• Trading volume and revenue generated per quarter against set targets.
• Number of new client accounts opened and activated within reporting period.
• Trade execution accuracy — zero erroneous orders or settlement failures.
• Regulatory compliance rating — zero SEC/NGX sanctions or reportable breaches.
• Client satisfaction and retention rate across managed accounts.
• Timeliness and accuracy of trade confirmations, account statements, and reports.

Qualifications & Experience
Education:

• B.Sc. / B.A. in Finance, Economics, Accounting, or a related discipline. MBA or relevant postgraduate qualification is an advantage.

Experience;

• 3–5 years' experience in securities trading, capital markets, or investment services in a licensed dealing member firm.

Technical Skills:

• Proficiency in NGX trading terminals (X-Gen / XETS), Bloomberg or Reuters terminals, Microsoft Office Suite, and portfolio management tools.

Core Competencies

• Securities trading & order management
• Client relationship management
• Capital markets & equities knowledge
• Investment advisory & risk profiling
• Regulatory compliance (SEC / NGX)
• Market analysis & data interpretation
• Trade settlement & reconciliation
• Business development & client acquisition.