Parthian Securities Head of Operations

Key Responsibilities

1. Operations Strategy & Leadership

• Develop and implement the firms operational strategy in alignment with corporate objectives and regulatory requirements.
• Provide strategic leadership across all operational functions ensuring efficient execution of securities transactions and client servicing.
• Drive operational excellence through continuous process improvement and automation initiatives.
• Review operational policies Standard Operating Procedures (SOPs) and Service Level Agreements (SLAs).
• Develop operational capacity to support new products business expansion and digital transformation initiatives.
• Ensure adequate succession planning workforce planning and staff development within the Operations Department.

2. Trade Processing Clearing & Settlement

• Oversee the complete trade lifecycle from execution to settlement for equities fixed income securities Exchange Traded Funds (ETFs) mutual funds and other investment products.
• Ensure timely confirmation clearing settlement and reconciliation of all securities transactions.
• Monitor settlement obligations and proactively resolve settlement failures exceptions and trade discrepancies.
• Liaise with brokers custodians registrars clearing houses and counterparties to ensure efficient transaction processing.
• Ensure full compliance with settlement timelines prescribed by NGX CSCS SEC and other market operators.
• Supervise corporate action processing including dividend payments bonus issues rights issues stock splits and mergers.

3. Client Account Administration

• Oversee the onboarding of retail institutional and high-net-worth clients in accordance with SEC KYC AML/CFT and customer due diligence requirements.
• Ensure accurate account opening documentation and periodic customer information updates.
• Supervise account maintenance activities mandate changes account closures and client record management.
• Ensure prompt processing of client instructions relating to transfers withdrawals pledges and securities movement.
• Maintain confidentiality and integrity of client information.

4. Regulatory Compliance & Reporting

• Ensure operational compliance with the Investments and Securities Act (ISA) 2007 SEC Rules NGX Rulebook CSCS Operating Guidelines AML/CFT regulations and applicable corporate governance standards.
• Coordinate timely preparation and submission of operational reports to SEC NGX CSCS FMDQ (where applicable) and other regulatory bodies.
• Ensure compliance with client asset segregation requirements and investor protection standards.
• Support regulatory inspections audits and compliance reviews.
• Monitor regulatory developments and implement operational changes accordingly.

5. Operational Risk Management & Internal Controls

• Develop and maintain a strong operational risk management framework.
• Identify operational risks across transaction processing settlement custody client onboarding and cash management and provide recommendations to mitigate.
• Design and implement internal controls to minimize operational losses fraud processing errors and compliance breaches.
• Monitor key operational risk indicators (KRIs) and recommend mitigation strategies.
• Ensure business continuity plans and disaster recovery procedures remain effective.

6. Client Service & Service Delivery

• Ensure high standards of operational support for retail institutional and corporate clients.
• Monitor service delivery against agreed SLAs.
• Resolve escalated client operational issues promptly.
• Improve client experience through process optimization and technology-driven solutions.
• Support Business Development teams with efficient operational execution.

7. Technology Process Improvement & Digital Transformation

• Lead automation initiatives aimed at improving operational efficiency.
• Collaborate with ICT to implement secure and scalable operational systems.
• Evaluate new technologies that enhance transaction processing reporting reconciliation and client servicing.
• Champion straight-through processing (STP) initiatives.
• Ensure operational systems maintain high availability and security standards.

8. Vendor & Stakeholder Management

• Maintain productive relationships with:
• Central Securities Clearing System (CSCS)
• Nigerian Exchange (NGX)
• Securities and Exchange Commission (SEC)
• Registrars
• Custodian Banks
• Settlement Banks
• External Auditors
• Technology Vendors
• Monitor vendor performance against SLAs.
• Resolve operational issues affecting service delivery.

9. Leadership Performance Management & People Development

• Lead mentor and develop Operations personnel.
• Establish departmental KPIs aligned with organizational objectives.
• Conduct performance reviews and identify capability development opportunities.
• Promote a culture of accountability compliance operational excellence and continuous improvement.
• Foster collaboration between Operations Compliance Finance Risk ICT and Business Development.

Knowledge

• Bachelors degree in Accounting Finance Economics Banking Business Administration or a related discipline.
• Masters degree or MBA is an added advantage.
• Professional certification such as ACA ACCA CFA CIS CISA or relevant capital market certification is desirable.
• A Dealing Clerk will be an added advantage.
• Minimum of 1012 years post-qualification experience with at least 5 years in a senior operational leadership role within a stockbroking firm investment bank securities firm or capital market institution.
• Strong knowledge of:
• Investments and Securities Act (ISA) 2025
• SEC Rules and Regulations
• Nigerian Exchange (NGX) Rulebook
• CSCS Rules and Operating Procedures
• AML/CFT Regulations
• Know Your Customer (KYC) requirements
• Nigerian Data Protection Act (NDPA)
• Corporate Governance Guidelines
• Sound understanding of securities settlement processes custody operations and capital market infrastructure.
• Knowledge of risk management frameworks and internal control systems.

Skills

• Strong leadership and people management capabilities.
• Extensive knowledge of securities operations and settlement processes.
• Excellent operational planning and process optimization skills.
• Strong analytical and problem-solving abilities.
• Proficiency in securities trading and settlement systems.
• Advanced Microsoft Excel and financial systems skills.
• Excellent project management capabilities.
• Strong report writing and presentation skills.
• Effective stakeholder management and negotiation skills.
• Excellent verbal and written communication skills.
• High attention to detail and accuracy.
• Strong vendor and regulatory relationship management skills.

Abilities

• Ability to lead large operational teams in a fast-paced capital market environment.
• Ability to manage multiple priorities while maintaining operational accuracy.
• Ability to interpret and implement evolving regulatory requirements.
• Ability to establish effective internal controls and operational governance frameworks.
• Ability to drive digital transformation and operational automation initiatives.
• Ability to identify operational risks and implement proactive mitigation measures.
• Ability to make sound decisions under pressure while maintaining regulatory compliance.
• Ability to foster a culture of continuous improvement accountability and customer service excellence.