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Head of OTC Market
About this role
TopHire Africa is seeking a Head of OTC Market to oversee and grow the over-the-counter market in Lagos. The role focuses on increasing market participation, trading activity, liquidity, and market integrity, while expanding the range of securities and participants on the platform. The position involves working with multiple departments to improve processes, develop market rules, onboard participants, and identify opportunities to boost trading and access. It requires deep knowledge of OTC markets and capital markets, with a view to improving market efficiency and competitiveness. The employer provides recruitment and training services through HR consulting.
What you would do
- Collaborate with Market Operations, Technology, Compliance, Risk Management, and Business Development to improve market processes.
- Support the development and implementation of market rules, procedures and operating standards with control functions.
- Drive onboarding and active participation of brokers, dealers, issuers, investors and other eligible participants.
- Identify opportunities to increase trading in eligible unlisted securities and other NASD-supported instruments.
- Develop and implement strategies to grow the OTC market.
- Monitor market activity, volumes, turnover, pricing trends and participant performance.
- Identify barriers to participation and propose solutions to improve access, transparency and efficiency.
- Work with market operators to enhance trading activity, liquidity, price discovery and market efficiency.
- Support development of new market features and trading solutions to improve competitiveness.
- Produce regular market performance reports and recommendations for senior management.
What they are asking for
- Bachelor’s degree in Finance, Economics, Accounting, Business Administration or related discipline.
- 10–12 years of experience in capital markets, securities trading, stockbroking, investment banking or market operations.
- Strong understanding of OTC markets, securities trading, market structure, settlement processes and regulatory frameworks.
- Strong analytical, commercial, operational and stakeholder management skills.
- Professional qualification in capital markets, securities, finance or risk management is an advantage.
- Experience managing teams, market participants or market development initiatives.
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