Nigerian Stock Exchange Ongoing Recruitment

Job Description

Division: Capital Market Division
Department: Secondary Market Department
Role: Exchange Traded Funds (ETF) Product Manager
Location: Lagos
Report to: Head - Secondary Markets Department
Grade: ETF Product Manager

ESTIMATED DATE OF RESUMPTION:  Friday, March 31, 2017

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 Nigerian Stock Exchange is seeking a dynamic and experienced individual who has a deep understanding ofthe competitive landscape in the relevant financial markets as ETF Product Manager. The ETF Product Manager will lead and guide the review /creation of ETF frameworks for scope of work, proposals, and research and business cases. He/She will oversee all functions
pertaining to the ETF product line with the overallgoal of ensuringthat ETFs 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 product management department and will have responsibility for margins made on ETF Product line. The Product Manager will also be responsible for the NSE Index business. He/She will focused on the development and calculation of indices and play a lead role in developing new indices and implementing custom index requests. The Product Manager will becomethe “Product Advocate” by proactively disseminating related information while communicating the product message. He/She is expected to stay abreast of the competitive landscape and industry trends (utilizing internal
and external data/information resources) to create a competitive platform that enables stakeholders realize their investment objectives. The Product Manager will own and drive the ETF product line and ensure the success ofthese programmes by developing and maintaining relationships with ETF market participants and relevant external and internal stakeholders. He/She will obtain and maintain knowledge of ETF client business. Set up and attend stakeholder visits and conduct stakeholder presentations. The position is situated Nigeria with a global focus to cover both local and international buy and sell side participants.

KEY RESPONSIBILITIES

• Liaise with fund experts to consistently develop and manage an array of offerings under ETF product lineto meet the needs of the investing community and assimilate market feedback into new product development and positioning of existing ETFs
• Define the Exchange’s growth strategy and execution plan for the ETF product line to drive product sales & profitability
• Perform data analysis, such as trend and behaviour analysis related to the financial services industry and ETFs product development in general. Using the outcome of analysis and research, underpin recommendations for creating, developing, maintaining and enhancing NSE
• ETFs Market product development
• Responsible for the design and implementation of new ETF Product initiatives: Draft relevant documentation, perform analysis, research and carry-out appropriate planning with cross-market collaboration in mind, when relevant. Coordinate activities of ETF liquidity providers to appropriate their functions in promoting liquidity and market efficiency
• Enhance the market micro-structure (in areas such as transaction fees, index licensing fees) to increase product profitability
• Advocate transparency of ETFs listed on The Exchange by ensuring they observe documentation requirements in terms of structure, exposures and fair value at all times
• Liaise with index providers covering the Nigerian market or NSE index committee to ensure the providers meet a strong market demand for new and innovative indices to support ETFs across theasset class
• Maintain the MSCI relationship and work with MSCI by contributing meaningfully to the analysis, evaluation and NSE product vision of NSE/MSCI index offering
• Work with clients to implement custom index requests and co-develop custom index solutions
• Responsible for performance i.e. turnover & margins of ETF trading on The Exchange
• Liaise with the Market Operations and Technology Division to ensure system compatibility with market structure enhancements in support of the ETF product line and other business partners as necessary
• Create, review and amend ETF trading rules as necessary, to promote fair and orderly trading in ETF
• Manage key relationships with other stakeholders, Broker-Dealers, Market Makers, Institutional Investors (PFAs, CPFAs, Insurance companies, managed funds, portfolio managers, etc.) and other trading participants locally and internationally
• Develop and maintain a broad knowledge and awareness of trading industry developments, competitors, regulator rules that impact ETF trading
• Proactiver disseminate investment and product resources to other areas ofthe organization in order to educate and train Internal/External stakeholders on Product attributes and new initiatives
• Coordinate and operate investor education in partnership with other stakeholders
• Understand drivers of ETFs order flow to the Exchange
• Coordinate and partner with the other product development team members in conjunction with other stakeholders, to design and price products, identify and address key issues that must be resolved before a successful product launch occurs
• Serve as gatekeeper, ambassador and product line expert to internal/external parties
• 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
• Understand product profitability goals and provide inputs to appropriate financial areas
• Assist in driving the development process once a new product has been approved by all functional areas
• Provide insight and assist the Listing Sales and Retention team in marketing on an ongoing and proactive basis with respect to product positioning and communication strategies
• Continuously monitor industry trends and the competitive environment; recommend initiatives to strengthen market position
• Assist in the preparation of presentations for ExCo and other key stakeholders

FUNCTIONAL COMPETENCIES

• Analytical Thinking
• Strategic Research
• Risk Management
• Market Analysis
• Capital Mkt Knowledge
• Knowledge of Trading Platforms

BEHAVIOURAL COMPETENCIES

• Attention to Detail
• Problem Solving
• Leadership
• Time Management

QUALIFICATIONS AND EXPERIENCE

• A first degree in quantitative or business related areas
• A post graduate degree (M Sc or MBA) or professional certification and licenses (e.g. CIS, CFA, will be an added advantage
• Minimum 10 years of experience in financial services industry or in an investment product management/marketing role, distribution-related role.

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Division: Capital Market Division
Department: Secondary Market Department
Report to: Head - Secondary Markets
Department Grade: Product Support Analyst

ESTIMATED DATE OF RESUMPTION
Friday, March 31, 2017

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 Nigerian Stock Exchange, a leading Exchange in Africa that currently offers listing and trading in Equities, ETPs and Bonds, is searching for a Product Support Analyst. The Product Support Analyst  will  assist in all functions pertaining to the Product Management Department, with the overall goal of ensuring that all product lines get the necessary support,  in  line with the overall goals of the department. The Product Support Analyst  will  not be restricted to any product -line or unit of the department, but his/her responsibilities  will cut across the product -lines. The candidate  will  ensure the success of the products by working with  all  stakeholders (both internal and external).

KEY RESPONSIBILITIES

• Research & provide statistical reports on product (equities, fixed income, ETPs, derivatives/risk products) take-off/performance to be used for strategic planning sessions, presentations and Management briefings.
• Research & provide reports on capital market products, and or data to be used for strategic planning sessions, presentations, marketing plan & Management briefings
• Research & provide reports of industry best practice to be used by NSE/ad-hoc research proposals
• Monitor and report on weekly performance of NSE-traded products
• Liaise with other units and departments as and when necessary. Ensure efficiency of the department (administratively)
• Perform other tasks as assigned by the Head of Department
• Understand drivers of order flow to the Exchange
• Coordinate and partner with the other Product Management team members in conjunction with other stakeholders, to identify and address key issues that must be resolved before a successful product launch occurs. Serve as gatekeeper, ambassador and product line expert to internal/external parties
• 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
• Understand product profitability goals and provide inputs to appropriate financial areas
• Assist in driving the development process once a new product has been approved by  all  functional areas
• Provide insight and assist marketing on an on -going and proactive basis with respect to product positioning and communication strategies
• Continuously monitor industry trends and competitive environment; recommend initiatives to strengthen market position
• Assist in the preparation of presentations for EXCO and all key stakeholders

FUNCTIONAL COMPETENCIES

• Analytical Thinking
• Strategic Research
• Risk Management

BEHAVIOURAL COMPETENCIES

• Attention to Detail
• Problem Solving
• Leadership

QUALIFICATIONS AND EXPERIENCE

• A first degree in quantitative or business related areas
• 5 years of experience in financial services industry or in an investment product management/marketing role, distribution -related role