JOB SUMMARY
The Stockbroking Operations Officer will be responsible for supporting the end-to-end operational activities of the brokerage business. This role ensures seamless trade processing, reconciliations, regulatory compliance, client account management, and efficient back-office operations. The officer will work closely with dealing, compliance, finance, and client service teams to maintain accuracy, efficiency, and operational excellence across all brokerage transactions.
RESPONSIBILITIES
- Process, validate, and settle equity trades in line with market timelines and operational standards.
- Maintain accurate client data, mandates, KYC documentation, and account updates in accordance with regulatory requirements.
- Perform daily trade reconciliations with CSCS, settlement banks, and internal systems.
- Monitor client funding, margin positions, and settlement obligations, ensuring timely resolution of discrepancies.
- Prepare and submit statutory reports to regulators (SEC, NSE/NGX, CSCS) within approved timelines.
- Support the onboarding of new clients, ensuring complete documentation and compliance reviews.
- Manage corporate actions processing—including dividends, bonuses, rights issues, and notifications to clients.
- Liaise with the dealing desk to ensure correct trade booking, amendments, and timely settlement.
- Maintain proper records of all transactions, mandates, correspondence, and audit-ready documentation.
- Ensure adherence to compliance, risk management, and internal control policies.
- Assist in preparing operational reports, dashboards, and internal performance metrics.
- Provide day-to-day support to clients, responding to operational inquiries and service requests.
- Drive continuous improvement initiatives to enhance efficiency and reduce operational risk.
REQUIREMENTS
- Bachelor’s degree in Finance, Accounting, Economics, Business Administration, or a related field.
- 2–5 years’ experience in stockbroking operations, capital markets operations, or back-office securities processing.
- Relevant certifications (CIS, ACA, ACCA, or progress towards any) are an advantage.
- Strong understanding of NGX, CSCS, SEC rules, and the Nigerian capital market ecosystem.
- Proficiency in trade settlement systems and brokerage back-office applications.
- Excellent analytical, documentation, and reconciliation skills.
- Strong attention to detail and ability to work with accuracy under tight deadlines.
- Good communication and teamwork skills.
- High level of integrity and commitment to regulatory compliance.