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KPMG Latest Recruitment in Nigeria

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KPMG :Our client, FMDQ OTC PLC (FMDQ) is a Securities and Exchange Commission (SEC)
licenced over-the-counter (OTC) market securities exchange and self-regulatory organisation. The company which was registered in November 2012, has a mission to empower the OTC financial markets to be innovative and credible, in support of the Nigerian economy.

FMDQ as an industry initiative is owned by the Central Bank of Nigeria (CBN), Financial Markets Dealers Association (FMDA), commercial/merchant banks and discount houses operational in Nigeria as at 2010 and the NSE Consult Limited (a subsidiary of the Nigerian Stock Exchange). FMDQ is poised to ensure high market integrity through focus on market governance and compliance, market development and data services.

In line with its vision to be the most liquid, efficient, secure anti technology-driven OTC market in Africa by 2018, the company is looking to hire individuals with deep understanding of the capital market, to drive this vision in the capacity of functional heads in the following areas: – See more at:

Job Title: Head, Markets & Business Development

Ref No: TFMD002

Qualifications and Experience

    First degree in a business related field e.g. economics, accounting, finance, business administration or any other relevant field
    Postgraduate degree or professional qualification will be desirable
    Twelve (12) to fifteen (15) years’ financial market experience n developed markets either as an operator in the financial services industry or a securities exchange
    Past experience of marketing and selling financial market products is essential

Job Description
Reporting to the MD/CEO, the successful candidate will be responsible for driving the market organising objectives of FMDQ through the Markets & Business Development Division (MBD). The divisional mandate will also require the development of the research function of the securities exchange. Whereas the market development mandate covers product development, new market development activation of extinct markets, upgrading of standards of existing markets, review of market infrastructure, fixings and indices development; the business development mandate covers development of the securities exchange’s network effects, liquidity and securities quotations and listings.

Key Responsibilities
Strategic

    Apply strategic planning and forecasting of FMDQ’s revenue from trading of financial instruments; analyse business developments and monitor OTC markets and securities exchanges trends around the world
    Formulate, direct and coordinate marketing activities to promote listings, quotations and trading on FMDQ
    Develop new products and establish comprehensive frameworks for their trading in terms of architecture, processes, standard trading volumes and methods
    Identify, develop and evaluate marketing strategy, based on knowledge of establishment objectives, OTC market characteristics, market products and market participants
    Develop better price discovery mechanisms for market participants through the OTC platform thereby reducing market opacity and risk management framework for market operations
    Develop liquidity and pricing strategies for the products to be listed or quoted on the OTC platform, leveraging on benchmark design and research
    Balance FMDQ’s objectives and market participants’ expectations

Operational

    Act in an advisory capacity to the MD/CEO on market and business development strategies in meeting FMDQs strategic objectives
    Conduct economic and commercial surveys to identify potential Opportunities for market
    products and future mar i participants engagement
    Analyse trading flow and strategies in order to understand patterns and forecast revenue stream
    Develop and syndicate new fixings and indices
    Initiate market research studies and/or analyse the findings of outsourced third party research
    Lead in promoting the sales and marketing of FMDQ’s technology and products
    Coordinate promotional activities working with advertisers and marketing agencies to drive quotations and listings on FMDQ OTC platform
    Establish and maintain effective business relationships with FMOQ’s stakeholders
    Develop business development communication strategies

Competency and Skills Requirement

    Strong knowledge of financial markets and selling experience in currency and interest rate derivatives
    Sound negotiation and management skills, strong business performance monitoring skills as well as a good knowledge of financial market products and brand awareness
    Strong leadership and interpersonal skills with an excellent ability to effectively manage and communicate at all levels in the organisation
    The incumbent for the job must have strong


Job Title: Head, Compliance, Legal & Company Secretariat

Ref No: TFMD004

Qualifications and Experience

    Bachelor’s degree in law
    Must be a barrister at law with at least twelve (12) years’ post-call experience in international capital market
    Experience in compliance and international securities markets certifications will be an added advantage

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Competency and Skills Requirement

    Good knowledge and appreciation of securities laws, capital market regulation and compliance requirements
    A deep understanding of SEC Rules, Investment and Securities Act (ISA) and international capital market regulation will be key
    Good knowledge and understanding of the Nigerian legal framework (corporate and commercial law)
    Excellent written and oral communication skills
    Good interpersonal and people management skills

Job Description
Reporting to the MD/CEO and the Board of Directors, the successful candidate will be responsible for coordinating the execution of FMDQ’s legal, compliance and company secretarial functions and responsibilities.

Key Responsibilities
Strategic

    Provide counsel and guidance to Management and the Board of Directors on legal matters
    Act as the Chief Compliance Officer for the securities exchange
    Assess, set up and implement legal and compliance processes for FMDQ
    Develop the company’s compliance register and drive the automation of compliance monitoring
    Act as the company secretary to the Board of Directors and provide guidance on governance matters

Operational

    Maintain appropriate documentation of compliance activities
    Identify compliance issues and conduct or direct the internal investigation of the compliance issues
    Report violations of compliance or regulatory standards to the MD/CEO
    Disseminate and update written policies and procedures related to compliance activities within FMDQ
    File appropriate compliance reports with appropriate regulatory agencies
    Ensure zero compromise of compliance procedures
    Facilitate smooth execution of all the company’s secretarial responsibilities e.g.
        Preparation for Board and Board Committee meetings
        Serve as secretary to Executive Management meetings
        Filing of annual returns with the Corporate Affairs Commission (CAC)
    Ensure appropriate documentation and safekeeping of all relevant legal documents
    Act as custodian of the company seal and vet all documents held under seal
    Prepare agreed periodic activity and performance reports for the attention of the MD/CEO
    Identify all activities within FMDQ that may lead to litigation and advise as appropriate
    Perform any other duties that may be assigned by the MD/CEO or Board of Directors

Job Title: Head, Regulation & Examination

Ref No: TFMD001

Qualifications and Experience

    First degree in law or business related major e.g. economics, accounting, finance, and business administration or any other relevant field
    Postgraduate degree or relevant professional qualification will be desirable
    Twelve (12) to fifteen (15) years’ of financial services experience in securities exchange, capital market regulatory function, or financial services preferably in capital market-related regulatory compliance
    Advanced knowledge of local and international regulations (IOSCO, FINRA, ESMA, Basel, Markets in Financial Instruments Directive – MiFID etc.) and laws relating to financial markets and self-regulatory agencies

Competency and Skills Requirement

    Strong knowledge of regulatory governance, fiscal accountability, project management and relationship management
    Sound negotiation and conflict resolution competencies as well as deep skills in business performance monitoring
    Strong leadership and interpersonal skills with an excellent ability to effectively manage and communicate at all levels in the organisation
    The incumbent for the job must possess good multitasking skills, must be driven and demonstrate sound business ethics
    The incumbent for the job must demonstrate keen attention to details, possess organisational/managerial savvy and must have integrity

Job Description
Reporting to the MD/CEO and the Board Regulation and Supervision Committee (BRSC), the successful candidate will be responsible for the Regulation & Examination Division (RED) of FMDQ. RED drives FMDQ’s self-regulatory function. The Division will update the various membership categories, listings and quotations regulation/compliance, ensuring they meet international standards and monitor members’ activities. The Division will also report outcomes of regulatory issues in the OTC market to FMDQ Management, Board and the Regulators e.g. Securities and Exchange Commission (SEC).

Key Responsibilities
Strategic

    Oversee and monitor the implementation of the self-regulatory function of FMDQ
    Periodically review capital market regulations and build FMDQ network with global stakeholders to ensure alignment with leading market practices and other regulatory policies
    Develop, coordinate, participate in regulatory programmes and seek to ensure that Management and market participants are knowledgeable of and comply with regulatory standards and procedures
    Develop FMDQ’s members’ surveillance, examination and macro-prudential frameworks and programmes

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Operational

    Draft and execute securities market surveillance rules and regulations in line with international industry best practices
    Implement written policies and standards of conduct within the OTC market
    Participate in the meetings of the 8RSC as constituted by the Board of Directors
    Engage the market with impending changes to FMDQ Rules, as well as notify market participants of changes made
    Develop effective lines of communication with market participants, various industry committees, trade associations, financial services regulators and international bodies like International Organisation of Securities Commission (IOSCO). Financial Industry Regulatory Authority (FINRA), European Securities and Markets 4ithority (ESMA) etc.
    Enforce standards through well publicised disciplinary guidelines and develop policies on sanctioned market participants
    Respond promptly to detected offences, developing corrective action and reporting findings to the relevant regulatory authorities via established channels
    Maintain documentation of regulatory activities, such as complaints received or investigative outcomes
    Handle alt regulatory reporting issues and ensure effective record keeping
    Conduct or direct the internal investigation of dispute issues and refer to the appropriate committee for follow-up
    Identify issues that require follow-up and/or investigation
    Report violations of compliance or regulatory standards to the MD/CEO and the BRSC as appropriate

Job Title: Head, Risk Management & Control

Ref No: TFMD003

Qualifications and Experience

    First degree in any discipline
    Postgraduate degree or professional qualification will be desirable
    Ten (10) to twelve (12) years’ prior enterprise risk management, operational risk, audit or corporate governance experience at a fairly senior level in the financial services sector is required
    Knowledge of financial instruments and markets is key

Competency and Skills Requirement

    Proactive and self-motivated with excellent communication, facilitation and influencing skills
    Ability to anticipate issues, identity solutions and provide clear guidance to Board and Management to enable it meet its corporate governance obligations
    Sound business ethics and willingness to take an unpopular stand

Job Description
Reporting to the MD/CEO, the successful candidate will be responsible for examining, analysing and determining the risk and internal control status of the business as required by FMDQ’s operational policies.

Key Responsibilities
Strategic

    Develop the risk management and control requirements of FMDQ
    Develop, implement, and review an enterprise- wide risk management framework as well as continual surveillance of activities and decisions that may materially affect the risk profile of FMDQ

Operational

    Plan, design and implement an overall risk process for FMDQ and ensure the organisation’s risk management policies and strategies are in compliance with applicable SEC regulations and strategic imperatives of FMDQ
    Develop and implement risk-assessment models and methodologies
    Risk assessment, including analysing risks as well as identifying, describing and estimating the risks affecting FMDQ
    Identify key risks and mitigating factors of potential investments, such as asset types and values, legal and ownership structures, professional reputation to the business, customer bases, or industry segments
    Device systems, key risk indicators, key performance indicators and processes to monitor validity of risk modeling outputs
    Define risk assessment criteria for engaging new members as well as analyse and monitor any risk in the trading activities of existing members
    Be responsible for insurance and business continuity planning activities of FMDQ
    Identify and analyse areas of potential risk to the assets, earning capacity, or success of FMDQ
    Document and ensure communication of key risks to the appropriate Board committee
    Provide support, education and training to staff to build risk awareness culture within FMDQ
    Conduct formal reporting of Internal Control deficiencies and advice Management on approaches to remediate such deficiencies and other related control
    Identify, design and test internal controls to mirror compliance with regulatory and internal policy requirements

How to Apply
Interested and qualified candidates should send their CV’s to: corporaterecruitment@ng.kpmg.com with the relevant job title and code stated in the subject line of the email.

Each application must include:

    A cover letter detailing the applicant’s position of interest and detailed contact information
    Applicant’s updated curriculum vitae
    Copies of relevant credentials and certificates

All applications will be treated in confidence.

Please note that ‘ONLY’ shortlisted candidates will be contacted.

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