Job Title: Head of Market Operations
Job Location: Lagos, Nigeria
Recruiter: GV Alliance Partners Ltd / Growth in Value Alliance (GVA) Partners
The Head Market Operations reports to the Executive Director, Market Operations and Technology and is responsible for designing and managing efficient and effective operational processes to support the Exchange's traded products and associated services in a highly pro-active manner within a framework of continuous improvement
The post holder participates in developing strategies to minimise and eliminate wherever possible, the operational impact of the service provision, diversification of revenue stream, new products development, project delivery to minimise post implementation impact, interfacing with the Central Securities and Clearing System and other providers of operational services to the Exchange to ensure a seamless clearing and settlement service for the Exchange's trading activities and the adoption of best in class practices in all areas of service provision
Responsibilities:
• Lead and manage a team of professionals in a dynamic, fast paced environment
• Effectively build a robust, scalable, and flexible Operating Model to mitigate operational risk and provide support for business initiatives
• Oversee the development of policies, processes & procedures for the core processes under operations
• Continuously seek to improve the efficiency of manual processes, through automation and systems enhancements
• Manage and monitor the operational risks within the products traded.
• Control trading activities, enforcing trading rules, guidelines and codes of conduct and advice brokers on the interpretation and implementation of the operational aspects of the rules. Participate in generating new rules and refining existing rules in line with market development and best practice
• Work closely with the Technology, Business Development, Legal and Regulation, Project Management, the CSCS and other internal departments and external partners to ensure that the appropriate technology enhancements and operational requirements are prioritised and business cased for development to minimise risk and maximise business scalability, productivity and the client experience
• Develop, implement & monitor performance metrics to evaluate/quantify risk and implement changes that will improve the operational efficiency and control costs in order to ensure the quality and efficiency in business processes. Update these in line with best practices
Qualification and Experience:
• Minimum of 15 years' work experience which includes managing a high profile operations department within the Capital Market (Exchanges. large brokerage firms, Asset Management and Investment Banking operations)
• A good university degree. Post graduate qualifications in a business / finance related discipline will be a distinct advantage
• Excellent understanding of the investment process and associated market practices with the ability to think strategically about how to create business led solutions.
• Product knowledge in trading equities, fixed income and exchange traded funds.
• Knowledge and experience of derivatives (futures and options) will be a distinct advantage
• In-depth understanding of principles, practices and techniques relating to Operations Management. Previous experience in developing and implementing operational strategies and policies
• Strong process orientation and understanding of operations and technology, enabling candidate to provide support in the analysis, development and monitoring of effective controls
• Excellent analytical, decision making, judgement and critical thinking skills
• Proven project and risk management capabilities with a focus on resolving complex problems
• Effective team and matrix management skills
• Ability to manage multiple projects concurrently to work under pressure to meet tight time commitments
Job Type: Full-Time
Required Experience: 15 year(s)
How to Apply:
Qualified candidates should apply online or send their applications and CVs in an MsWord format to both recruitment@gvapartners.com and contact@gvapartners.com.
Deadline: 15.12.2013
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