Job Description

Equities Trader

MODE OF ENGAGEMENT

Full-time with a probation period of 6 months.

PRIMARY JOB LOCATION

Lekki Phase 1, Lagos (Hybrid)

REPORTING LINE

Chief Investment Officer

Your Mission Should You Choose to Accept it 😁

Traders speak a unique language, throwing out words like HODL, bear market, bull run and Bollinger bands. You are fluent in this language and know your onions.
You’re excited by trading pairs and the prospect for profit. You’re also disciplined, and stop-losses are your guidepost.
In this role, you’ll pioneer our trading desk, and the career path eventually leads to a Trading Desk lead. You’ll get to brainstorm and share research insights with our sister company, a licensed global fund.
So, if you’re a whiz at either NGN or USD equities trading, we want you to join our team!

About Volition Cap

Volition Cap is a game-changing asset manager empowering Africans & Diasporans to create wealth. We are fund managers for a related cooperative, Vizient Coop.

Roles & Responsibilities

Trade Execution

Create an equities trading portfolio and commence trading.
Develop and implement trading strategies to maximize portfolio performance
Execute equity trades efficiently while ensuring alignment with investment objectives
Attend and contribute to trading strategy sessions/trading committee meetings (monthly).
Attend and contribute to the group’s team meetings (quarterly).
Establish equities trading lines with external counterparties.
Actively compile, implement and monitor all equities trading plans and strategies.
Analyze market trends, price movements, and financial reports to identify trading opportunities.
Monitor real-time market fluctuations to actively trade equities and contribute to the trading unit’s profitability.
Collaborate with research analysts and portfolio managers to refine investment strategies
Deliver a minimum annualized return of 20%.
Provide trading plans for equities (weekly).
Maintain accurate trade records, generate performance reports, and ensure compliance with audit requirements.
Stay updated on global economic trends, financial regulations, and industry developments.

Risk Management

Manage equities trading risk on behalf of the trading unit, amounting to but not exceeding 20% allocation of total trading capital.
Actively comply and adhere to all internal controls, procedures and documentation including but not limited to execution of stop-
loss strategy, portfolio allocation, code of conduct, trading mandate and trading practices manual.
Fully understand and remain up to date on all legislation governing equities trading.
Ensure regulatory compliance with respect to equities trading.
Maintain accurate records of all equities trades and transactions by actively tracking and submitting equities trading blotter to relevant internal counterparties (daily).
Reconcile equities position (daily).

Requirements

A Bachelor’s degree in Finance, Economics, Accounting, or a related field.
5+ years of experience in equity trading.
Strong knowledge of equity markets, order execution, risk management, and trading strategies.
Proficiency in trading platforms and financial market analysis tools.
Strong analytical and quantitative skills with attention to detail.
Ability to work in a fast-paced environment.
Understanding of regulatory compliance in trading and risk assessment.
Excellent communication and teamwork skills.
Experience in proprietary trading, asset management, or brokerage firms.
Membership in relevant professional bodies is an advantage.