Research & Development 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: Research & Development Manager

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

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

Application Closing Date
20th April, 2026.

How to Apply
Interested and qualified candidates should send their Applications to: kalimat.shellowei@citycodeinvestment.com using the job title as the subject of the email.