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KPMG is one of the largest professional services companies in the world and one of the Big Four auditors, along with Deloitte, EY and PwC. Its global headquarters is located in Amstelveen, the Netherlands. KPMG employs 162,000 people[2] and has three lines of services: audit, tax, and advisory. Its tax and advisory services are further divided into variou...
Ref No: TFMD001
Job Description
Reporting to the MD/CEO and the Board Regulation and Supervision Committee (BRSC), the successful candidate will be responsible for the Regulation & Examination Division (RED) of FMDQ. RED drives FMDQ’s self-regulatory function. The Division will update the various membership categories, listings and quotations regulation/compliance, ensuring they meet international standards and monitor members’ activities. The Division will also report outcomes of regulatory issues in the OTC market to FMDQ Management, Board and the Regulators e.g. Securities and Exchange Commission (SEC).
Key Responsibilities
Strategic
Oversee and monitor the implementation of the self-regulatory function of FMDQ
Periodically review capital market regulations and build FMDQ network with global stakeholders to ensure alignment with leading market practices and other regulatory policies
Develop, coordinate, participate in regulatory programmes and seek to ensure that Management and market participants are knowledgeable of and comply with regulatory standards and procedures
Develop FMDQ’s members’ surveillance, examination and macro-prudential frameworks and programmes
Operational
Draft and execute securities market surveillance rules and regulations in line with international industry best practices
Implement written policies and standards of conduct within the OTC market
Participate in the meetings of the 8RSC as constituted by the Board of Directors
Engage the market with impending changes to FMDQ Rules, as well as notify market participants of changes made
Develop effective lines of communication with market participants, various industry committees, trade associations, financial services regulators and international bodies like International Organisation of Securities Commission (IOSCO). Financial Industry Regulatory Authority (FINRA), European Securities and Markets 4ithority (ESMA) etc.
Enforce standards through well publicised disciplinary guidelines and develop policies on sanctioned market participants
Respond promptly to detected offences, developing corrective action and reporting findings to the relevant regulatory authorities via established channels
Maintain documentation of regulatory activities, such as complaints received or investigative outcomes
Handle alt regulatory reporting issues and ensure effective record keeping
Conduct or direct the internal investigation of dispute issues and refer to the appropriate committee for follow-up
Identify issues that require follow-up and/or investigation
Report violations of compliance or regulatory standards to the MD/CEO and the BRSC as appropriate
Qualifications and Experience
First degree in law or business related major e.g. economics, accounting, finance, and business administration or any other relevant field
Postgraduate degree or relevant professional qualification will be desirable
Twelve (12) to fifteen (15) years’ of financial services experience in securities exchange, capital market regulatory function, or financial services preferably in capital market-related regulatory compliance
Advanced knowledge of local and international regulations (IOSCO, FINRA, ESMA, Basel, Markets in Financial Instruments Directive - MiFID etc.) and laws relating to financial markets and self-regulatory agencies
Competency and Skills Requirement
Strong knowledge of regulatory governance, fiscal accountability, project management and relationship management
Sound negotiation and conflict resolution competencies as well as deep skills in business performance monitoring
Strong leadership and interpersonal skills with an excellent ability to effectively manage and communicate at all levels in the organisation
The incumbent for the job must possess good multitasking skills, must be driven and demonstrate sound business ethics
The incumbent for the job must demonstrate keen attention to details, possess organisational/managerial savvy and must have integrity
Ref No: TFMD002
Job Description
Reporting to the MD/CEO, the successful candidate will be responsible for driving the market organising objectives of FMDQ through the Markets & Business Development Division (MBD). The divisional mandate will also require the development of the research function of the securities exchange. Whereas the market development mandate covers product development, new market development activation of extinct markets, upgrading of standards of existing markets, review of market infrastructure, fixings and indices development; the business development mandate covers development of the securities exchange’s network effects, liquidity and securities quotations and listings.
Key Responsibilities
Strategic
Apply strategic planning and forecasting of FMDQ’s revenue from trading of financial instruments; analyse business developments and monitor OTC markets and securities exchanges trends around the world
Formulate, direct and coordinate marketing activities to promote listings, quotations and trading on FMDQ
Develop new products and establish comprehensive frameworks for their trading in terms of architecture, processes, standard trading volumes and methods
Identify, develop and evaluate marketing strategy, based on knowledge of establishment objectives, OTC market characteristics, market products and market participants
Develop better price discovery mechanisms for market participants through the OTC platform thereby reducing market opacity and risk management framework for market operations
Develop liquidity and pricing strategies for the products to be listed or quoted on the OTC platform, leveraging on benchmark design and research
Balance FMDQ’s objectives and market participants’ expectations
Operational
Act in an advisory capacity to the MD/CEO on market and business development strategies in meeting FMDQs strategic objectives
Conduct economic and commercial surveys to identify potential Opportunities for market products
Analyse trading flow and strategies in order to understand patterns and forecast revenue stream
Develop and syndicate new fixings and indices
Initiate market research studies and/or analyse the findings of outsourced third party research
Lead in promoting the sales and marketing of FMDQ’s technology and products
Coordinate promotional activities working with advertisers and marketing agencies to drive quotations and listings on FMDQ OTC platform
Establish and maintain effective business relationships with FMOQ’s stakeholders
Develop business development communication strategies
Qualifications and Experience
First degree in a business related field e.g. economics, accounting, finance, business administration or any other relevant field
Postgraduate degree or professional qualification will be desirable
Twelve (12) to fifteen (15) years’ financial market experience n developed markets either as an operator in the financial services industry or a securities exchange
Past experience of marketing and selling financial market products is essential
Competency and Skills Requirement
Strong knowledge of financial markets and selling experience in currency and interest rate derivatives
Sound negotiation and management skills, strong business performance monitoring skills as well as a good knowledge of financial market products and brand awareness
Strong leadership and interpersonal skills with an excellent ability to effectively manage and communicate at all levels in the organisation
The incumbent for the job must have strong
Ref No: TFMD003
Job Description
Reporting to the MD/CEO, the successful candidate will be responsible for examining, analysing and determining the risk and internal control status of the business as required by FMDQ’s operational policies.
Key Responsibilities
Strategic
Develop the risk management and control requirements of FMDQ
Develop, implement, and review an enterprise- wide risk management framework as well as continual surveillance of activities and decisions that may materially affect the risk profile of FMDQ
Operational
Plan, design and implement an overall risk process for FMDQ and ensure the organisation’s risk management policies and strategies are in compliance with applicable SEC regulations and strategic imperatives of FMDQ
Develop and implement risk-assessment models and methodologies
Risk assessment, including analysing risks as well as identifying, describing and estimating the risks affecting FMDQ
Identify key risks and mitigating factors of potential investments, such as asset types and values, legal and ownership structures, professional reputation to the business, customer bases, or industry segments
Device systems, key risk indicators, key performance indicators and processes to monitor validity of risk modeling outputs
Define risk assessment criteria for engaging new members as well as analyse and monitor any risk in the trading activities of existing members
Be responsible for insurance and business continuity planning activities of FMDQ
Identify and analyse areas of potential risk to the assets, earning capacity, or success of FMDQ
Document and ensure communication of key risks to the appropriate Board committee
Provide support, education and training to staff to build risk awareness culture within FMDQ
Conduct formal reporting of Internal Control deficiencies and advice Management on approaches to remediate such deficiencies and other related control
Identify, design and test internal controls to mirror compliance with regulatory and internal policy requirements
Qualifications and Experience
First degree in any discipline
Postgraduate degree or professional qualification will be desirable
Ten (10) to twelve (12) years’ prior enterprise risk management, operational risk, audit or corporate governance experience at a fairly senior level in the financial services sector is required
Knowledge of financial instruments and markets is key
Competency and Skills Requirement
Proactive and self-motivated with excellent communication, facilitation and influencing skills
Ability to anticipate issues, identity solutions and provide clear guidance to Board and Management to enable it meet its corporate governance obligations
Sound business ethics and willingness to take an unpopular stand
Ref No: TFMD004
Job Description
Reporting to the MD/CEO and the Board of Directors, the successful candidate will be responsible for coordinating the execution of FMDQ’s legal, compliance and company secretarial functions and responsibilities.
Key Responsibilities
Strategic
Provide counsel and guidance to Management and the Board of Directors on legal matters
Act as the Chief Compliance Officer for the securities exchange
Assess, set up and implement legal and compliance processes for FMDQ
Develop the company’s compliance register and drive the automation of compliance monitoring
Act as the company secretary to the Board of Directors and provide guidance on governance matters
Operational
Maintain appropriate documentation of compliance activities
Identify compliance issues and conduct or direct the internal investigation of the compliance issues
Report violations of compliance or regulatory standards to the MD/CEO
Disseminate and update written policies and procedures related to compliance activities within FMDQ
File appropriate compliance reports with appropriate regulatory agencies
Ensure zero compromise of compliance procedures
Facilitate smooth execution of all the company’s secretarial responsibilities e.g.
Preparation for Board and Board Committee meetings
Serve as secretary to Executive Management meetings
Filing of annual returns with the Corporate Affairs Commission (CAC)
Ensure appropriate documentation and safekeeping of all relevant legal documents
Act as custodian of the company seal and vet all documents held under seal
Prepare agreed periodic activity and performance reports for the attention of the MD/CEO
Identify all activities within FMDQ that may lead to litigation and advise as appropriate
Perform any other duties that may be assigned by the MD/CEO or Board of Directors
Qualifications and Experience
Bachelor's degree in law
Must be a barrister at law with at least twelve (12) years’ post-call experience in international capital market
Experience in compliance and international securities markets certifications will be an added advantage
Competency and Skills Requirement
Good knowledge and appreciation of securities laws, capital market regulation and compliance requirements
A deep understanding of SEC Rules, Investment and Securities Act (ISA) and international capital market regulation will be key
Good knowledge and understanding of the Nigerian legal framework (corporate and commercial law)
Excellent written and oral communication skills
Good interpersonal and people management skills
Interested and qualified candidates should send their CV’s to: corporaterecruitment@ng.kpmg.com with the relevant job title and code stated in the subject line of the email.
Each application must include:
A cover letter detailing the applicant’s position of interest and detailed contact information
Applicant’s updated curriculum vitae
Copies of relevant credentials and certificates
All applications will be treated in confidence. Only shortlisted candidates will be contacted.
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