Proprietary Trader

Securities Trading:

• Identify high-probability trading opportunities and execute strategies including directional trades arbitrage mean reversion and yield optimization.
• Execute calculated positions in both Equities and Fixed Income instruments in line with the firms investment policies as regards the proprietary trading (prop) book
• Generate and submit a daily P&L report and position breakdown to the Managing Director/Executive Director Investments
• Manage open positions in real-time ensuring alignment with portfolio limits and market developments.
• Target a minimum annual return of 20% on the proprietary portfolio with consistent monthly/quarterly performance reviews.

Collaboration & Reporting

• Maintain regular and transparent communication with back-office teams including risk compliance operations and financial control teams to ensure smooth trade execution settlement and reconciliation.
• Actively contribute to weekly trading review sessions and strategic planning meetings.
• Actively participate and report on activities in monthly investment risk committee meetings
• Deliver insightful market commentary and articulate the rationale behind executed trades to relevant stakeholders

Market Intelligence and Research:

• Stay updated on news and macroeconomic trends fiscal and monetary policy changes regulatory updates and company-specific news in the capital market
• Collaborate with the research team to integrate market insights into trading strategies.
• Communicate intelligence guiding positions clearly when required.
• Continuously back-test and refine trading models and risk assumptions.

Compliance

• Adhere strictly to the investment policy document and internal risk controls e.g. position limits and stop loss provision.
• Ensure compliance with SEC NGX FMDQ and other regulatory requirements.
• Monitor liquidity credit and counterparty risks and escalate any breaches immediately.

Qualifications & Experience:

• Bachelors degree in finance Economics Mathematics or related field.
• Authorised dealing clerk of the NGX
• CFA or progress toward CFA Charter is an advantage.
• Minimum 5 years of active trading experience in the Nigerian capital market (buy-side or sell-side).
• Strong analytical skills and familiarity with trading platforms technical analysis tools and Bloomberg/Reuters terminals.
• Deep understanding of NGX FMDQ CBN policies and Nigerian market instruments.