Alan & Grant - Our work is focused on creating innovative HR and Organizational Development Solutions aimed at Performance Improvement & Business Growth. We currently serve clients across various sectors of the Economy from locations in Jos, Port Harcourt and Lagos.
We are recruiting to fill the position below:
Job Title: Proprietary Trader
Location: Lagos
Job type: Full time
Industry: Financial Services
Job Description
Buying and selling securities on behalf of clients and the company.
Evaluating trading algorithms.
Implementing effective trading strategies.
Working with quantitative researchers to improve trading strategies.
Regularly monitoring portfolios to ensure that they are guideline compliant.
Create and maintain policies, business procedures, and practices to help ensure compliance with applicable laws and regulations.
Keeping abreast with changes in the economy and the financial market.
Assisting the company to attract new clients by maintaining and enhancing marketing materials.
Work in a fast-paced technology-based trading environment with daily interaction across multiple business units.
Ownership of the daily/intraday trade, position, and reconciliation.
Build and maintain strong relationships with the exchanges, regulators, clearing firms and counterparties.
Perform ad hoc project work as needed.
Any other assignment as may be assigned by your supervisor
Key Performance Metrics
Trade volume/value and or nos. of deals executed relative to the market.
Reduction/elimination of trade error.
Trading without falling victim of regulatory penalties.
Compliance of job turnaround time with set standards.
Number of certificates dematerialized per month/income.
Elimination/existence of interruption to trading that is not Exchange induced.
Number of new accounts opened.
Income generated from transactions.
Level of complaints/commendation from clients.
Number of transferred accounts from Meristem
Requirements
Bachelor's Degree in Finance, Accounting, Economics or a related field.
Minimum professional qualification is ACS and an Authorized Dealing Clerk of the Nigerian Exchange Limited.
Professional qualification CIS is compulsory; ACA, ACCA, MBA, CFA and CIIA will be an added advantage.
Proven trading experience.
Minimum of 4 years post-graduate experience with a minimum of 2 years as qualified authorized dealer of the Nigerian Stock Exchange.
Ability to use EFA Horizon trading software of the Nigerian Stock Exchange.
Good understanding of the working of Nigerian Macro-Economic indices
Good understanding of the equity/capital market dynamics.
A sound knowledge of the Rules and Regulations of The Nigerian Stock Exchange and SEC
Strong numerical skill and ability to interpret basic accounting indices.
Ability to multitask and work for long hours.
Strong inter-personal relationship and good communication skill. Attributes
Attention to details
Must have hands-on trading experience.
Strong entrepreneurial spirit and business acumen.
A solid understanding of financial markets.
Demonstrate strong analytical, quantitative, and technological skills.
Ability to work in a high-pressure/fast-paced work environment.
Excellent presentation and decision-making skills.
Multitasking ability and proper task priority management
Ability to work independently and with a team
Excellent verbal and written Communication
Proven trustworthiness and performance under the highest ethical standards.
Ability to lead by example.
Must possess good listening skills
Good communication skill.
Ready to learn and innovative
Must be transparent and of honest disposition.
Must always place client's interest above personal interest.
Must act in the best interest of the firm in tandem with the market rules.