Head of OTC Market

TopHire Africa is a timeless and innovative HR-Consulting Service provider that's geared towards delivering recruitment and training of qualitative verified talent. We are recruiting to fill the position below:

Job Title: Head of OTC Market

Location: Lagos

Employment Type: Full-time Job Purpose To oversee the development, growth, and effectively functioning over-the-counter market, with responsibility for increasing market participation, improving trading activity and liquidity, supporting market integrity, and expanding the range of securities and participants on the platform.

Key Responsibilities

Develop and implement strategies to grow OTC market. Drive the onboarding and active participation of brokers, dealers, issuers, investors, and other eligible market participants. Work with market operators to improve trading activity, liquidity, price discovery, and market efficiency. Identify opportunities to increase trading in eligible unlisted securities and other instruments supported by NASD. Monitor market activity, transaction volumes, turnover, pricing trends, and participant performance. Work closely 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 in collaboration with relevant control functions. Identify barriers to market participation and recommend solutions to improve access, transparency, and efficiency. Maintain relationships with relevant regulators, market associations, brokers, custodians, and institutional investors. Produce regular market performance reports and recommendations for senior management. Support the development of new market features, trading solutions, and initiatives to improve market competitiveness.

Qualifications and Experience

Bachelor's degree in Finance, Economics, Accounting, Business Administration, or a related discipline. A relevant professional qualification in capital markets, securities, finance, or risk management is an advantage. 10–12 years of experience in capital markets, securities trading, stockbroking, investment banking, or market operations. trong understanding of OTC markets, securities trading, market structure, settlement processes, and relevant regulatory frameworks. Experience managing teams, market participants, or market development initiatives. Strong analytical, commercial, operational, and stakeholder management capabilities. Salary N1,500,000 - N2,000,000 per month.