Career Opportunities at the Nigerian Stock Exchange (NSE)

Division: CEO
Department: Strategy Department
Report to: Head, Strategy Department
Grade: Executive Assistant - Officer
Estimated Date Of Resumption: Monday, February 18, 2019

Job Summary

• The Nigerian Stock Exchange services the largest economy in Africa, and is championing the development of Africa’s financial markets. The Exchange offers listing and trading services, licensing services, market data solutions, ancillary technology services, and more. It is an open, professional and vibrant exchange, connecting Nigeria, Africa and the world.
• The Economist role has the overall responsibility of assessing and improving the market for the trading and listing of securities.
• The Economist will gather, develop and synthesize data to facilitate the planning process and evaluate the efficacy and efficiency of current or projected initiatives/programs through regular forecasts.
• Working closely with subject matter experts within and outside The Exchange, the incumbent of the role will be required to provide the highest level of market intelligence and analysis on a myriad of business and economic issues.
• The incumbent will prepare and present research reports to internal and external audiences; manage and develop relationships with key market stakeholders (including regulatory economists, research/academic communities, policy/regulation executives, etc.); and exercise independent judgment in developing forecasts.
• The role will support the HOD and other Strategy functions by providing analytical validation for strategic initiatives and new ideas generated, and manage strategic projects within the Strategy office.
• The incumbent will use specialist tools and advanced methods in statistical analysis in covering different aspects of economic and social policy, ranging from interest rates, taxation and employment levels, health, transport and international development to assemble, sift and present information which is then used to advise business.
• This position offers a unique opportunity to play a hands-on role in ensuring the successful performance of The Nigerian Stock Exchange and the Nigerian capital market.
• It offers significant exposure to senior management, and positions the successful candidate for progression within the group or to a position within other divisions, depending on experience.
• As the lead Economist in The Exchange, the role reports to the Head, Strategy at the Corporate Headquarters. senior management, and positions the successful candidate for progression within the group or to a position within other divisions, depending on experience.
• As the lead Economist in The Exchange, the role reports to the Head, Strategy at the Corporate Headquarters.

Key Responsibilities

• Analyze and evaluate (on a quantitative and qualitative basis) the outlook for the listing and trading business, as well as on international trends in market operations, investment and money flows
• Develop economic guidelines and standards and prepare points of view used in forecasting trends and formulating economic policy.
• Provide first-class market knowledge and analytical ability on a variety of business and economic issues Improve the decision-making process by producing high quality research reports on the current operations of the market Facilitate the planning process through regular forecasts on the outlook for the listing and trading business.
• Provide information on international trends in market operations, investment and money flows, and financial services regulation Present research reports to internal and external audiences including regulators, listed companies, the dealing member community and international investors.
• Develop relationships with key stakeholders (internal and external) in legal and regulation, product management, and market operations and technology; as well as in the broader academic and research communities.
• Create, as well as use, various econometric modelling techniques to develop forecasts; understand and interpret data; Analyze data to test the effectiveness of current policies, products or services and advise on the suitability of alternative courses of action
• Write various technical and non-technical reports on economic trends and forecasts to inform the press and public; Deliver numerous oral and visual presentations which non-economist audiences must be able to understand thoroughly
• Research, analyze and interpret information about economic performance, tax, and political decisions according to both national and international factors
• Compile, and report data to explain economic phenomena and forecast market trends Formulate recommendations, policies, or plans to interpret the Capital Market at large

Job Requirements
Qualifications and Experience:

• A Bachelor’s Degree in Economics or related field, Statistics or Mathematics.
• Master’s or a Ph.D. degree is an added advantage
• Minimum of 3 years of professional experience
• Demonstrated track record of accomplishment/successfully completing projects in business or applied research

Functional Competencies:

• Analytical Thinking
• Research and Analysis
• Strategic Research

Behavioural Competencies:

• Attention to Detail
• Building Trust
• Effective Communication Skills (Written & Oral)
• Inter-Personal Relations

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Division: Listings Business Division
Department: SOE Listings
Report to: Head, State Owned Enterprises
Grade: Relationship Manager-SOE
Estimated Date Of Resumption: Monday, February 18, 2019

Job Summary

• The role is to support the Head, SOE to drive the listing of government-owned businesses within the allocated sectors, build and maintain relationships with Federal & State Government, proffer innovative capital market solutions to moribund and distressed government owned businesses (in conjunction with other market operators).
• Incumbent must have an extensive knowledge of the Exchange’s products and cultivate good knowledge of the prospect’s business, with a view to aligning their needs with the right solutions. Serving as the Relationship Manager – SOE Listings (Innovative solutions and Advisory), this position reports to the Head, SOE Listings at the Corporate Headquarters.

Key Responsibilities

• To consistently develop, Liaise & manage relationship with Government-Owned Businesses with the aim of understanding their needs and recommend Capital Market solutions
• Liaise and develop relationships with market operators (Issuing Houses) with the purpose of working together on deals leading to listings on the Exchange
• Coordinate the activities of the SOE Listings participations in the allocated sector of the government owned businesses
• Strengthen The NSE brand in the public sector arena – ‘Raising awareness of product ranges offered by the Exchange
• Identify and generate leads for SOE Listings business leading to privatisation and listings – ‘contribution to the bottom line’ and support in the delivery of the financial objectives of the organisation by growing clientele base and revenue
• Have a proper understanding of Privatisation, PPP, financial structuring and Commercialisation of Government entities
• Develop relationships with key stakeholders in the public sector and maintain relationships through regular contacts and effective visits to all assigned and prospects
• Qualify all viable leads after proper analysis on case by case basis by arranging meetings with management team Ensure delivery of industry-leading service to new and existing SOE prospects
• Maintain proper understanding of products & service offerings of NSE and stay up to date on industry knowledge. Represent the company at marketing events, networking events, meetings with prospects or partners
• Maintain proper understanding of products & service offerings of NSE and stay up to date on industry knowledge. Have clear understanding of the competitive landscape and contribute to appropriate strategy for the purpose of remaining relevant in the marketplace
• Gather information that is needed to prepare and develop pitch book and presentation materials on case by case basis
• Continuously identify and exploit cross selling opportunities that embed the NSE and its products with prospects needs
• Assist in the preparation of presentations for Management and other key stakeholders
• P & L responsibilities for SOE Listings

Qualifications And Experience

• Proven leadership skills.
• A minimum of a Bachelor’s degree in Business Administration, Economics, Accounting or other related disciplines
• Minimum 8 years relevant experience in Relationship Management (Banking, Financial Institutions or Investment Banking) Membership of a professional body- CIS, ICAN etc. is an advantage
• Excellent oral and written communication skills

Functional Competencies:

• Capital Market Skill
• Analytical Thinking
• Networking
• Research and Analysis
• Microsoft Office Packages

Behavioural Competencies:

• Inter-Personal Relations
• Time Management

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Division: CEO
Department: Enterprise Risk Management Group
Report to: Chief Executive Officer
Grade: CRO
Estimated Date Of Resumption: Friday, February 22, 2019

Job Summary

• The Exchange needs an industry professional with a strong personality, good people management skills and the ability to work as a team player to support its Enterprise Risk Management (ERM), Compliance and Internal Control efforts.
• The individual would be required to have a thorough understanding of The Exchange’s policies, overall mission and strategy, and how best to manage the risks associated with executing them.
• The Chief Risk Officer (CRO) will manage the Enterprise Risk Department (ERD) and be identified as the top Risk Officer in the company. ERM sits under the Office of the Chief Executive Officer (CEO) and the CRO will report to the CEO directly.
• The Compliance Officer and Internal Control Officer report to the Chief Risk Officer.  

Key Responsibilities

• Responsible for and has the authority to make all decisions on risk management issues that directly impact the strategic direction of the company
• Set the strategic risk management vision and is charged with delivering that strategy to the company using exceptional leadership skills, network of internal and external alliances and highly developed business skills
• Exhibit business process knowledge, possess a broad based operational perspective and provide solutions for non-insurance related business risk issues
• Risk Management Provide leadership, innovation, governance, and management necessary to identify, evaluate, mitigate, and monitor the company's operational and strategic risk
• Develop Enterprise Risk Management tools, practices, and policies to analyse and report enterprise risks, and to manage risks according to an enterprise risk management framework
• Ensure the organization's risk management policies and strategies are in compliance with applicable regulations, rating agency standards, and strategic imperatives of the organization
• Establish the Enterprise Risk Management architecture for the company
• Oversee or monitor all operational risk management activities of the organization
• Monitor and analyse risks within the company's business units and reports on these risks to the Board Audit and Risk Management Committee
• Chair or provide key input into the company's enterprise risk or other committees that oversee the enterprise risk management process and ensure alignment with organizational objectives
• The candidate will be a liaison for reporting findings and status to CEO and the Executive Committee, as well as the Board Audit and Risk Management Committee
• Additional responsibilities include: Responsibility for Insurance and Risk Management and / or Business Continuity Planning activities for the organization
• To ensure operational efficiency, adequate risk/internal control measures, high service standards, and compliance with the organisations policies and procedures Work with business units to establish, maintain and continuously improve Risk Management capabilities Reduce operational risk exposure to acceptable levels of target residual risk commensurate with the risk appetite Develop risk mitigation strategies for the organization’s critical risks and for monitoring these risks Conduct stress testing on operational risk scenarios Compliance Oversee the Compliance function
• Establish compliance operational strategies by evaluating trends; establishing critical measurements; determining production, productivity, quality, and customer-service strategies; designing systems; accumulating resources; resolving problems; implementing change
• Provide timely and accurate information to the External and Internal Auditors and the Compliance function as and when required
• Provide advice during product development and enhancements and execute operational procedures related to compliance trends, practices, and opportunities
• Ensure management and staff are apprised of new and amended industry, national and international legislation, regulation and guidelines Participate with various committees, Senior Management and financial institution personnel on discussions on emerging compliance issues
• Internal control identify, design and test internal controls to monitor compliance with regulatory and internal policy requirements and document results for escalation to department managers, CEO, Executive Committee, Council Committees and National Council of the exchange
• Responsible for completing annual assessments of the organizations internal controls including preparation of an annual work plan with supporting audit programs and test procedures, and ensuring that the program remains current with any new auditing standards and developments
• Conduct formal reporting of internal control deficiencies and recommendations from annual assessments including preparation and review of reports to management
• Advise management on approaches to remediate control deficiencies and other related control
• Evaluate internal controls for the organization; conduct design and quality assurance testing as and when required to ensure readiness for internal audits.
• General Work with business units to establish, maintain and continuously improve risk, compliance and internal control capabilities
• Ensure sufficient ongoing reviews are being performed by all departments to review their processes and identify business as usual operational risks
• Perform appropriate risk/compliance and internal control reporting to the CEO, Executive Committee, Council Committees and National Council of the exchange facilitate enterprise-wide risk assessments (including Compliance, Internal Control) and monitor priority risks across the organisation
• Monitor results of department-wide priorities, and highlight/engage Line Managers on potential corrective actions and dependencies when necessary
• Lead and guide the exchange department’s annual budgeting process
• Create KPIs for performance and quality measurement purposes
• Ensure effective alignment between the Risk, Compliance, Internal Control and Internal Audit departments
• Train internal and external stakeholders on risk, Internal Control and Compliance related matters
• Train, supervise and review the work of the Compliance Officer, Internal Control Officer

Job Requirements
Qualifications and Experience:

• A degree in Finance, Business Administration/Law or a similar field, plus 12 – 15 years’ experience with at least 5 – 7 years senior level Risk/Compliance management experience
• Strong understanding of exchange regulations and contemporary knowledge of risk framework such as Market and Operational risk Knowledge of securities and finance markets

Functional Competencies:

• Business Process Audit
• Compliance Risk Management
• Financial Risk Management
• Management Acumen
• Risk Management

Behavioural Competencies:

• Attention to Detail
• Decision Making
• Integrity