Job Description

Responsibilities

1. Support the Product Manager to liaise with fund experts to consistently develop and manage an array of offerings under ETPs & Index products lines to meet the needs of the investing community and assimilate market feedback into new product development and positioning of existing Indices.
2. Assist to define Nigerian Exchange’s growth strategy and execution plan for the ETPs & Index product line to drive product sales & profitability.
3. Perform research and support data analysis, such as trend and behavior analysis related to the financial services industry and ETPs & Index product development in general. Using the outcome of analysis and research, underpin recommendations for creating, developing, maintaining, and enhancing NGX ETPs & Index Market product.
4. Support the design and implementation of new ETPs & Indices.
5. Product initiatives: Draft relevant documentation, perform analysis, research and carry-out appropriate planning with cross-market collaboration in mind, when relevant.
6. Support the coordination of activities of ETPs & Index liquidity providers to appropriate their functions in promoting liquidity and market efficiency.
7. Support the enhancement of the market micro-structure (in areas such as transaction fees, ETPs & Index licensing fees) to increase product profitability.
8. Assist to advocate transparency of Indices listed on Nigerian Exchange by ensuring they observe documentation requirements in terms of structure, exposures and fair value at all times.
9. Support the Product Manager to liaise with ETPs & Index providers covering the Nigerian market or NGX index committee to ensure the providers meet a strong market demand for new and innovative ETPs & indices to support products across the asset class.
10. Support the drive for performance i.e. turnover & margins of Indices trading on NGX Exchange.
11. Work with the Product Manager to liaise with the Market Operations and Technology Division to ensure system compatibility with market structure enhancements in support of the ETPs & Index product line and other business partners as necessary.
12. Support the creation, review, and amendment of ETPs & Index trading rules as necessary, to promote fair and orderly trading in Indices.