Portfolio Manager at CityCode Mortgage Bank Limited

CityCode Mortgage Bank Limited is a duly registered Primary Mortgage Bank that has remained healthy since inception in 1992. We are set up for the purpose of providing mortgage loans and assisting customers in accessing National Housing Fund Loan through Federal Mortgage Bank of Nigeria.

We are recruiting to fill the position below:

Job Title: Portfolio Manager

Location: Lagos Island, Lagos
Employment Type: Full-time

Job Description

• 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

Application Closing Date
20th April, 2026.

How to Apply
Interested and qualified candidates should their CV to: kalimat.shellowei@citycodeinvestment.com using the Job Title as the subject of the mail.