Jobs at CityCode Mortgage Bank Limited

Job Summary

• The Portfolio Manager is responsible for constructing, managing, and optimising investment portfolios on behalf of individual, institutional, and corporate clients.
• The role involves developing and implementing investment strategies aligned with each client's financial objectives, risk tolerance, and time horizon; monitoring portfolio performance against benchmarks; and making informed asset allocation decisions across equities, fixed income, money market instruments, and alternative investments.
• The Portfolio Manager plays a critical role in delivering superior risk-adjusted returns while maintaining strict regulatory compliance.

Key Responsibilities
Portfolio Construction & Asset Allocation:

• Construct and manage diversified investment portfolios tailored to each client's investment policy statement (IPS), risk profile, and return objectives.
• Develop strategic and tactical asset allocation frameworks across equities, fixed income, money market, real assets, and alternative investments.
• Conduct rigorous security selection using fundamental, quantitative, and technical analysis methodologies.
• Rebalance portfolios periodically to maintain target asset allocation and respond to market conditions or changes in client mandates.
• Optimise portfolio construction using Modern Portfolio Theory (MPT), risk-parity, and factor-based investing frameworks.

Investment Strategy & Research Integration:

• Develop and implement top-down macroeconomic and bottom-up fundamental investment strategies informed by in-house and third-party research.
• Collaborate with the Research & Development Manager to integrate economic forecasts, sector analyses, and thematic investment views into portfolio decisions.
• Monitor global and domestic market trends, monetary policy developments, and geopolitical events that may impact portfolio positioning.
• Identify investment opportunities across listed equities, Eurobonds, FGN bonds, T-bills, commercial papers, and other instruments.

Performance Monitoring & Reporting:

• Monitor portfolio performance against agreed benchmarks (e.g., NGX ASI, JP Morgan EMBI, 91-day T-bill rate) on a daily, monthly, and quarterly basis.
• Prepare detailed portfolio performance reports, attribution analyses, and investment commentaries for clients and senior management.
• Present portfolio reviews to clients, explaining performance drivers, market outlook, and recommended strategy adjustments.

Risk Management:

• Identify, assess, and mitigate investment risks including market risk, credit risk, liquidity risk, and concentration risk within managed portfolios.
• Ensure all portfolios operate within defined risk parameters, investment guidelines, and regulatory limits at all times.
• Implement hedging strategies and use derivatives where appropriate and permitted under client mandates.
• Stress test portfolios against adverse market scenarios and report findings to the CIO and Risk Committee.

Client Relationship & Mandate Management:

• Manage client relationships proactively, conducting regular portfolio review meetings and investment update calls.
• Onboard new institutional and high-net-worth clients, drafting and agreeing investment policy statements and discretionary management mandates.
• Provide timely responses to client queries and ensure all reporting obligations are met within agreed deadlines.
• Identify opportunities to grow assets under management (AUM) through deepened client relationships and new mandates.

Regulatory Compliance:

• Ensure all investment activities comply with SEC Rules, ISA 2007, CBN guidelines, and the firm's investment management policies.
• Prepare and submit required regulatory filings, fund reports, and compliance declarations within stipulated timelines.
• Ensure proper disclosure, suitability assessment, and best execution standards are maintained for all client mandates.

Key Performance Indicators

• Client retention rate and satisfaction scores across managed mandates.
• Portfolio risk adherence — zero breaches of investment policy statement guidelines.
• Timeliness and quality of portfolio reports and client presentations.
• Regulatory compliance rating — zero SEC sanctions or reportable violations.
• New mandates won — number and value of new client portfolios onboarded per year.

Requirements
Educational Qualifications and Experience:

• B.Sc. in Finance, Economics, Accounting, or related discipline. MBA or M.Sc. in Finance / Investment Management is an advantage.
• Minimum of 6 years' experience in investment management, portfolio management, or asset management, with a demonstrable track record of managing client portfolios.

Certifications:

• CFA (Chartered Financial Analyst) designation is strongly preferred. CAIA, FRM, or CISI qualifications are an added advantage. SEC Fund Manager Registration required.

Technical Skills:

• Proficiency in portfolio management systems, Excel modelling, and reporting tools.

Core Competencies:

• Investment strategy & asset allocation
• Portfolio construction & optimisation
• Financial modelling & valuation
• Risk management & measurement
• Performance attribution & reporting
• Capital markets & instruments knowledge
• Client relationship management
• Regulatory compliance (SEC / CBN)
• Macroeconomic & sector analysis
• Decision-making under uncertainty

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Job Summary

• The Research & Development Manager leads the firm's investment research function, delivering high-quality macroeconomic analysis, equity research, fixed income coverage, and sector intelligence to support investment decision-making across portfolio management, stockbroking, and business development teams.
• The role also drives product development initiatives — identifying and structuring new investment products, funds, and financial solutions that meet evolving client needs and market opportunities. The R&D Manager is the intellectual engine of the investment division, translating market data and research insights into actionable strategies and competitive offerings.

Key Responsibilities
Investment Research & Market Analysis:

• Lead the production of high-quality, timely research reports, including equity research notes, fixed income analyses, macroeconomic outlooks, and sector reports.
• Conduct in-depth fundamental and quantitative analysis of listed equities, bonds, money market instruments, and alternative assets.
• Develop and maintain financial models, including DCF valuations, comparative analyses, dividend discount models, and earnings forecasts for covered companies.
• Monitor and interpret macroeconomic indicators — GDP, inflation, MPR, exchange rates, fiscal policy — and assess their implications for markets and portfolios.
• Track regulatory developments, corporate actions, earnings releases, and market-moving events and communicate their investment implications promptly.

Research Output & Publication:

• Oversee the production and timely distribution of daily market reports, weekly investment notes, monthly economic reviews, and quarterly outlook publications.
• Ensure all research outputs are accurate, well-structured, and meet the highest standards of analytical rigour before dissemination to clients and internal teams.
• Maintain a research calendar and ensure the team delivers coverage on all priority sectors, companies, and macroeconomic themes on schedule.
• Present research findings and investment views at client meetings, investor forums, and internal investment committee sessions.

Product Development & Innovation:

• Identify gaps in the firm's product offerings and develop proposals for new investment products, including collective investment schemes, structured notes, managed funds, and thematic portfolios.
• Conduct feasibility analyses and market sizing studies for proposed products, assessing demand, competitive landscape, and potential returns.
• Lead the end-to-end development of new products from concept design through regulatory approval, structuring, and commercial launch.
• Collaborate with the legal, compliance, and operations teams to ensure new products are structured in line with SEC regulations and the firm's risk appetite.
• Monitor post-launch product performance and recommend enhancements or product modifications based on market feedback and performance data.

Strategic Intelligence & Investment Committee Support:

• Provide strategic market intelligence and investment recommendations to the Investment Committee, CIO, and Portfolio Managers to inform asset allocation and trading decisions.
• Prepare Investment Committee papers, strategy briefs, and market outlook presentations for Board and management review.
• Develop and maintain the firm's house views on key asset classes, sectors, and geographic markets, updating positions in response to new data and events.
• Support the Portfolio Management team with bespoke research on specific securities, issuers, or market themes as required.

Team Leadership & Research Standards:

• Lead, mentor, and develop a team of research analysts, setting clear work plans, quality standards, and professional development goals.
• Establish and enforce research methodology standards, model integrity protocols, and peer review processes across the team.
• Foster a culture of intellectual curiosity, analytical rigour, and commercial awareness within the research function.
• Manage external data subscriptions, research tools, and vendor relationships to ensure the team has access to best-in-class data and platforms.

Client Engagement & Thought Leadership:

• Represent the firm as a thought leader in capital markets through publications, media interviews, investor seminars, and industry conferences.
• Present research insights and investment views directly to institutional clients, HNW investors, and corporate clients on request.
• Develop client-facing research portals, newsletters, and digital content that enhance the firm's research brand and client value proposition.

Key Performance Indicators

• Quality and accuracy of research outputs — measured by internal review scores and client feedback.
• Research publication timeliness — adherence to the research calendar with zero missed deadlines.
• Number of new investment products developed, approved, and successfully launched per year.
• Investment recommendations accuracy — performance of buy/hold/sell recommendations vs. benchmarks.
• Portfolio Manager Satisfaction with research quality and investment committee support.
• Team development — analyst promotions, training completion, and retention rates.
• Thought leadership visibility — media appearances, publications, and conference presentations per quarter.

Qualifications & Experience

Education:

• B.Sc. / B.A. in Economics, Finance, Accounting, Statistics, or related discipline. M.Sc. in Finance, Economics, or MBA with Finance specialisation is strongly preferred.

Experience:

• Minimum of 7–10 years' experience in investment research, equity analysis, or financial markets, with at least 3 years in a research leadership or senior analyst role.

Certifications:

• CFA designation is strongly preferred. FRM, CAIA, or equivalent research/investment qualifications are an added advantage.

Technical Skills:

• Advanced proficiency in Bloomberg Terminal, financial modelling (Excel/VBA), statistical tools (R, Python, or SPSS), and presentation/reporting software.

Personal Attributes:

• Exceptional analytical and writing skills, intellectual curiosity, commercial awareness, strong communication, and the ability to distil complex data into clear, actionable insights.

Core Competencies:

• Investment research & equity analysis
• Financial modelling & valuation
• Macroeconomic & sector intelligence
• Fixed income & credit analysis
• Product development & innovation
• Research writing & publication
• Team leadership & analyst development
• Investment committee advisory
• Data analytics & statistical tools
• Client engagement & thought leadership

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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.