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Regulatory Development Analyst at Ngex

Regulatory Development Analyst

  • Job Type: Full Time
  • Qualification: BA/BSc/HND
  • Experience: 3 – 5 years
  • Location: Lagos
  • Job Field: Law / Legal 
  • Deadline: Not specified

About the Job

  • The Regulatory Development Analyst works with the team to develop Rules and Regulations on the standards of conduct for Dealing Members that align with Nigerian Exchange’s strategic objectives and is also responsible for creating awareness on compliance and regulatory issues for the Broker Dealer community.
  • The Regulatory Development Analyst is also involved in the process of issuing Licenses to Dealing Members and managing the sale and transfer process of Dealing licenses.
  • This position reports to the Team Lead, Regulatory Development and Approvals.


  • Manage the implementation of the Minimum Operating Standards (MOS) and Sub-Broker model for Dealing Members.
  • Communicate and prepare memoranda for the National Council and Executive Management on various projects and initiatives as may be required.
  • Maintain the database of Dealing Member Firms and act as the liaison between the other units in the department, other departments in NGX Regulation, and CSCS on regulatory matters with the Dealing Members.
  • Liaise and work with external stakeholders on special initiatives and projects within the financial sector.
  • Manage the selection and bi-annual review of Designated Advisers.
  • Manage applications from Dealing Members to open Representative Offices or/and Branch Offices.
  • Conduct the Representative Office, Branch Office, and pre-trade (for firms applying for Dealing Member Licenses) inspections.
  • Track new regulatory rules and policies and align them with NGX Regulation processes and procedures.
  • Coordinate the collation of required periodic Statutory/Regulatory Reports and submit them to the appropriate statutory/regulatory agency.
  • Identify training needs and recommend capacity development programmes for Dealing Members to the NGX Exchange X-Academy.
  • Evaluate new rules and regulations before they are exposed to stakeholders and make recommendations where necessary.
  • Conduct on-site inspections and examinations of Dealing Member Firms in line with NGX Regulation’s risk-based supervision framework and preparing inspection reports within the stipulated timelines.
  • Review Dealing Members’ financial performance, capital adequacy, and liquidity management.
  • Review Dealing Members’ compliance profile with the applicable Rules and Regulations.
  • Track inactive firms on an ongoing basis with a view to providing support to resolve outstanding regulatory issues.
  • Prepare presentations, organise meetings and workshops to engage various stakeholders on Nigerian Exchange’s new initiatives, rules, and products.
  • Periodic risk profiling of Dealing Member firms.
  • Facilitate the adoption and implementation of the Nigerian Sustainable Finance Principles by the Dealing Members.
  • Perform other tasks as assigned by the Unit Head and Head of Department.

Job Specification
To successfully deliver the above goals, the right candidate must have:

  • Minimum of 3-5 years’ post-NYSC working experience in the financial sector.
  • Minimum of LLB / B.Sc in Law, B.Sc / HND in Accounting, Finance or related fields.
  • Strong understanding of Capital Market operations and relationship management experience.
  • Demonstrated ability to work in a complex organisation.
  • Must be able to build strong partnerships with business and corporate staff, communicate to a wide variety of audiences in clear, understandable language.

Desired Competencies and Skill Requirements:

  • Highly organised with strong attention to detail and accuracy.
  • Ability to deal with ambiguity with strong judgment and problem-solving skills.
  • Open-minded with the ability to follow instructions and deliver quality results.
  • Ability to maintain a high level of confidentiality in handling sensitive information.
  • Basic project management skills.
  • Ability to work independently on multiple assignments and projects concurrently.
  • Effective organisational and interpersonal skills including written and verbal communication skills.
  • Strong working knowledge of MS Word, Excel, PowerPoint, Visio and Project.
  • A commitment to collaboration and a joint-accountability approach.

Method of Application

Interested and qualified? Go to Ngex on to apply
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