Job Details

Bourse Africa is looking to appoint a qualified person to act in the capacity of Vice President – Product Development, with respective responsibility for the FX, Agri, and Industrials (Energy/Metals) segments. The successful applicant is envisaged play an important role taking Bourse Africa – as the corporate hub - into its key African national (or regional) markets. Bourse Africa is a network of spot and derivatives exchanges, clearinghouses and depository platforms offering multi-asset class trading to serve markets worldwide from Africa. The exchange will operate via a hub to be located in Botswana, linking to national exchanges initially targeted towards the jurisdictions of Cote d’Ivoire, Egypt, Ghana, Kenya, Nigeria, South Africa, Tanzania, Uganda and Zambia. Devising exchange-traded products that meet the needs of the commercial and institutional market participants and working with those participants to foster market entry and usage of the instruments is a key success factor for Bourse Africa in building liquidity in its pan-African and regional markets.

 The role would be situated in Johannesburg, South Africa. However, significant travel around Africa and to global markets as a core part of the job, outlined in detail below.

 Each VP - Product Development would focus on two key areas of work:

 Overseeing design of specifications and roll-out of contracts ; Supervising the ongoing product management of active contracts

 The VP – Product Development will have responsibility for the development and validation of contract specifications, a process that would include:

 An appraisal of the liquidity potential of each contract, building on existing analysis;

Alignment of quality specifications with physical market practices;

For commodities, structuring the delivery mechanism where required (relative merits of physical delivery and cash settlement; number and location of delivery points; etc);

Spot reference pricing benchmarks;

Maintaining an appropriate balance across the various possible interests that may utilise the market (longs/shorts; hedgers/speculators; large/small participants; African/international; etc).

 The VP - Product Development would also have responsibility for the marketing of each contract to maximise liquidity development and breadth of participation. Specific elements of the process include:

 Identification of and marketing to key commercial and institutional participants;

Consultation with market participants and regulators;

Awareness-raising, education and training;

Promotion, publicity and incentives;

Requirements for engagement of market-makers, and their scope of activity.

Product management aims to build sustainable liquidity growth over time and maintain a close consultative relationship with the market, including through product committees, continued marketing and awareness-raising, provision of ongoing education and training to stakeholders, and addressing logistics and compliance issues that may arise.

 PACKAGE: Negotiable depending on experience

NOTE

Bourse Africa offers these positions on a three year contract.

The successful candidates will be required to undergo thorough background screening.

If you have not heard from us within 30 days of closing date, please consider your application unsuccessful.

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