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  • Posted: May 30, 2017
    Deadline: Not specified
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    Rand Merchant Bank (RMB), a division of FirstRand Bank Limited, is a leading African corporate and investment bank and part of one of the largest financial services groups in Africa. We offer our clients innovative, value-added advisory, funding, trading, corporate banking and principal investing solutions. We structure the most appropriate financing solu...
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    Finance and Product Control Manager

    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).

    Method of Application

    Interested and qualified? Go to Rand Merchant Bank on www.linkedin.com to apply

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