The Nigeria Sovereign Investment Authority (NSIA) is a recently established Sovereign Wealth Fund (SWF) for the benefit of the Federal Republic of Nigeria. The Authority will take off with an initial funding of US$1 billion.
The NSIA is legislated to invest pledge funds on behalf of the people of Nigeria for their medium and long-term benefit through investments: (i) savings for future generations of Nigerians, (ii) infrastructure development and (iii) the stabilization of the Nigerian economy.
The NSIA shall have three separate ring-fenced investment portfolios: the future Generations Fund; the Economic stabilization Fund; and the Nigeria Infrastructure fund.
The NISA is seeking highly competent and result-oriented individuals with strong personal and professional integrity to form a dynamic executive management team. The team will have overall responsibility for the implementation of the establishment of the SWF whose governing principles are based on rules and guidelines that ate consistent with international best practices for managing SWFs. The performance, reporting and transparence of the NSIA must be exemplary, and will enable all Nigerians to see and understand how their patrimony is being managed and increased for the future.
To this end, suitable candidates are being identified for immediate consideration, to fill the position below
Position: Managing Director/CEO – ES00611
Reporting to the Board of Directors, the successful candidate will oversee the day-to- day operation of the NSIA in line with the NSIA (Establishment etc) Act 2011, its operational guidelines and its periodic Ch business plan which will be in accordance with the Santiago Principles and international best practices for SWFs. She/he will provide strategic leadership, direction and guidance to the NSIA executive management team, as well as oversee the implementation of the SWF investment strategies. Specifically, the CEO will:
- Take full responsibility for the investments of the SWF, on behalf of the Federal Government of Nigeria, in various asset classes within the three specific investment portfolios and in line with broader economic policy and financial resource requirements,
- Lead the development of NSIA’s corporate strategy and provide strategic guidance and oversight to the executive management team in the development of tactical and operating plans.
- Work closely with the Board of Directors to formulate appropriate investment policies and strategies; and assist to implement a transparent governance framework.
- Oversee the implementation and day-today management and operations of the investment strategies of the SWF
- Exercise management’s responsibility over the NSIA to deliver its statutory obligations to all stakeholders.
- Develop and maintain strategic relationships with various stakeholders, key institutions/investors and strategic business alliances.
- Develop the NSIA to have high ethical standards and establish a results-oriented performance driven culture within the organization.
Qualifications, experience and attributes
- Applicants should have a first degree in Economics, Law, Accounting, Finance, Business Administration or any other relevant disciplines, from a reputable institution.
- Post-graduate degree(s) in any business/finance related field such as MBA.
- Professional certification in finance, risk and investment management will be an added advantage.
- Minimum of 10 years’ senior management experience in investment manage and asset allocation strategies.
- High intuitive and excellent decision-making skills.
- Experience in multilateral and/or international financial institutions will be an added advantage.
Mode of Application
To apply, please quote appropriate reference number as the subject of your e-mail and send your current curriculum vitae (prepared as a Microsoft Word document, and saved with your full names) to us at recruitment@ng.kpmg.com on or before 30th November 2011.
Please include in your application, a statement of how you meet the advertised criteria, as well as names and contact details (including telephone and e-mail addresses) of three referees who are knowledgeable about your professional achievements and abilities.
All positions will be located in Nigeria. The CEO position is targeted mainly at Nigerians within and outside the country. The CIO and CRO positions are open to Nigerian and non-Nigerian applicants. Women are strongly encouraged to apply for any of the positions on offer.
All applications will be treated in strict confidence. Only short-listed candidates will be contacted. The NSIA Act can be sighted on www.fmf.gov.ng
