Finance and Product Control Manager at Rand Merchant Bank

Job description

Purpose:
The Finance Manager will be responsible for carrying-out end-to-end financial (management, regulatory, statutory) and risk reporting for RMB Nigeria with special emphasis on financial analysis, performance reporting and product control.

Responsibilities:

The successful candidate will be responsible for the following:

• Preparation of daily management accounts.
• Interest income and expense
• Net Interest Revenue through revaluation
• Balance sheet and income statement movements
• Provide commentary and insight intmovements
• Daily reconciliation of products profit and loss tthe general ledger accounts
• Preparation and review of relevant regulatory reports for the CBN, NDIC, SEC and the South African Reserve Bank, as required.
• Drive engagement tensure compliance with reporting standards on existing and new products.

Product control

• Ensure that the portfolistructure is correct according tGroup standards, and drive business understanding of the purpose of each portfolio
• Ensure that all transactions are booked intthe right portfolios and all portfolios have the correct attributes attached tthem.
• Ensure financial instruments are correctly booked intthe systems and that systems accurately reflect their valuations, accruals, funding and cash flow events
• Monitor market risk and perform stress loss back testing
• Monitor and analyse monthly performance of all business units
• Work closely with business, IT and other support areas tdesign and implement robust management information systems for product and portfolireporting.
• Provide support tthe CFand undertake any additional Finance duties as directed by the CFO

Qualifications and Experience:

• The successful candidate should have a relevant degree qualification and must be a qualified Chartered Accountant with at least seven years’ relevant working experience within a bank, preferably a Nigerian bank.
• A qualification showing high proficiency in a quantitative field will be a great advantage (e.g. B.Eng, B.Sc in a mathematical, physical science, Finance or Accounting).

Technical skills

• Good appreciation and understanding of preparation of management accounts and financial statements and finance operations.
• A fundamental understanding of data and financial analysis coupled with the ability tpresent analysis on a report
• A good understanding of regulatory reporting requirements.
• Good understanding of IFRS and its applications.
• Proficient in the use of computer accounting systems and Microsoft office tools and spread sheets, proficiency in PowerPivot and VBA will be a great advantage.
• A sound understanding of forex and fixed income markets.
• Business insight and risk awareness

General

• Good judgment and decision making skills
• Strong interpersonal skills, and
• Listening, analysis and debating skills
• Additional competencies (will serve as strong recommendation)
• Post-graduate studies / qualifications in banking, finance / financial markets

Human Relations Profile

• Strong character & integrity is paramount
• High degree of self-confidence; pleasant personality; well presented
• Well organized / good time management skills / disciplined/ detail orientated
• Self-starter, able twork with minimal supervision
• Team oriented
• Flexible when necessary
• Ability twork under pressure
• A strong communicator whis deadline and solutions driven.
• Strong work ethic and able toperate in a fast-changing environment (building a business).