Job Opportunities at RMB Private Bank

About the job

The role holder will support the Compliance team in driving, coordinating, and monitoring initiatives and actions to ensure RMB Nigeria (“the Bank”) operates by all relevant Nigerian and South African banking laws, regulations, internal policies, and frameworks including those relevant to Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT/CPF).

Responsibilities:

Compliance Frameworks and Policies

• Provide support to the team in promoting a good and effective compliance culture within the Bank
• Responsible for implementation of Financial Crime and Regulatory Risk circulars, regulations, policies, and frameworks
• Ensure AML/CFT/CPF regulations, policies and requirements are clearly communicated to the business and functions
• Provide support with creating awareness on crucial Compliance policies and frameworks to the businesses and functions
• Provide support to the team in identifying and embedding new/amended laws, regulations, and internal and Group policies
• Provide support to the team in managing and coordinating Compliance training programmes for the businesses and functions
• Provide support to the team on ad hoc Compliance Monitoring and other regulatory activities that may occur from time to time

Transaction Monitoring

• Identify and report ‘red flag’ transactions for further review and action
• Review transaction alerts and refers suspicious transactions to a designated authority for a decision on reporting
• Prepare Suspicious Transaction Reports in the required format to the Nigeria Financial Intelligence Unit (NFIU)

Compliance Advisory

• Provide timely regulatory advice and recommendations on key issues such as account opening requirements etc. to the businesses and functions
• Support the team with handling or responding to regulatory enquiries or issues that affect the Bank
• Provide support to the team in the implementation of country-level programmes and initiatives to enhance the Bank’s AML/CFT/CPF processes where required
• Provide support to the Compliance team to ensure that the procedures and controls in place are operating effectively to mitigate money laundering risks

Financial Crime

• Prepare and submit approved Customer Transaction Reports (CTR), Foreign Transaction Report (FTR) and Suspicious Transaction Reports (STR) timely to the NFIU and other relevant regulatory authorities
• Prepare and submit all monthly, quarterly, semi-annual and annual financial crime returns to CBN, SEC and NFIU
• Attend to Law Enforcement Agencies (EFCC and NFIU) clients’ enquiries and respond accordingly
• Prepare and provide support where required on all other Compliance reports submitted periodically (monthly, quarterly and annually) to the regulatory authorities
• Provide support in ensuring that the regulatory returns database for the Bank is complete and updated regularly
• Responsible for Financial Crime Group Internal Audit and Examination

Nigeria Sustainable Banking Principle (NSBP) / Environmental and Social Risk Assessments (ESRA)

• ESRA Implementation and Control Management – Improving requisite controls and seamless application of the ESRA process for the Bank
• ESRA Procedures Development and Resolution Process – Formalisation of these controls and their application in line with FirstRand Limited’s ESRA Procedure. Escalating issues and unresolved queries to the RMB International ESRA specialist, FirstRand ESRA team and the Social and Ethics Committees
• Environmental and Social Risk Assessments – Performing Environment and Social Risk Assessments on financing deals and managing external consultants when third-party project reviews are required about Equator Principle transactions
• Environmental Risk Reporting – Managing, monitoring and reporting the environmental aspects of the Bank’s sustainability reporting such as ‘Number of Equator Principles deals financed’, Number of ESRA deals reviewed’, Number of ESRA deals financed’
• Managing, monitoring and reporting RMBN’s Sustainability compliance reporting to the CBN
• Representing the Bank in all NSBP forums organised by the CBN and other local forums

Qualifications and Experience:

• University First Degree in Arts and Social Sciences or a related discipline
• Professional Qualification will be an added advantage
• Compliance Certification (s) - ACAMS, ICA or CFE will be an added advantage.
• Strong academic record
• Minimum of six (6) years of experience in a similar role

Technical skills:

• Proficient in MS Office
• Strong numerical skills
• Knowledge of global and local KYC / AML regulations and associated requirements
• Knowledge of CBN banking regulations (including foreign exchange regulations), SEC regulations, NSE regulations and any other regulations pertaining to Banks and the Financial services industry
• Knowledge of Banking operations and an understanding of the merchant banking business.

Competencies:

• Attention to detail with strong problem-solving skills
• Ability to take initiative and improve existing processes where required
• A high level of pragmatism tempered with the strength to stand firm where necessary
• Ability to deal with criticism

Human Relations Profile:

• Good character with high ethical standards and integrity
• Strong interpersonal skills and team-oriented
• A high degree of self-confidence with a pleasant personality
• Good communication and writing skills
• Well-organised, good time management skills and disciplined
• Self-starter able to work with minimal supervision
• Ability to work under pressure and extended hours if needed

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About the Job

• The Legal Officer will support the General Counsel in the end-to-end legal responsibilities of RMB Nigeria, including ensuring the legal compliance of the bank to all statutes and laws impacting the bank (excluding KYC, and AML legislation), advising on and drafting legal agreements on behalf of the bank and optimally positioning the bank within the Nigerian financial sector from a legal perspective.
• In addition to this, also assist in ensuring transactional compliance with the legislation within the credit mandate in order to protect the Bank’s legal risk through the negotiation and implementation of deals after credit approval.

Responsibilities
The successful candidate will be responsible for:

• Providing legal input into the origination of transactions where required
• Assisting in finalising term sheets
• Assisting in structuring transactions where it is required
• Liaising with transactors and clients and instructing lawyers to draft the relevant legal documents
• Negotiating terms with the client, their lawyer and/or other banks as applicable
• Reviewing finance documents internally for credit and legal compliance
• Signing off transactions at the bank’s Deal Conclusion Forum (DCF) level
• Overseeing and coordinating the execution process of legal documents
• Managing the legal conditions precedent (CPs) process for financial close
• Reviewing, drafting and advising on simple and medium complexity legal documentation of all types, with particular emphasis on Banking and Finance documentation
• Providing legal opinions and advice as requested to other teams/departments within RMBN and its affiliates/subsidiaries
• Conducting research on emerging legislation and analysing its application to and impact on RMBN’s activities
• Providing support to the Company Secretary on company secretarial services and governance
• Matters in relation to RMBN, its affiliates and subsidiaries
• Maintaining relationships with external counsel as and when needed
• Minimising the exposure of RMBN and its affiliates and subsidiaries to legal liabilities
• Ensuring compliance of RMBN, its affiliates and subsidiaries with all applicable laws and providing sound legal advice on legal obligations and implications on RMBN and its affiliates and subsidiaries' business conduct, transactions and policies
• Drafting and/or reviewing routine legal agreements including guarantees

Qualifications and Experience

• A Law Degree (minimum of 2:2) and strong academic record with emphasis on an ongoing interest in commercial and financial matters e.g. contract law, company law, markets & regulation, public policy, taxation, etc.
• Admitted to the Nigerian Bar with at least ten years
• Law firm experience in corporate and commercial transactions and litigation; or
• Experience within a legal function in a company or financial institution
• Admission to the Nigerian Bar is a minimum requirement

Technical Skills:

• Knowledge of company law and statutory compliance.
• Knowledge of the workings of the banking sector, with particular emphasis on corporate loans and corporate finance and understanding of regulatory policy.
• Practical experience in the banking industry gained either in legal practice or in a banking environment
• Knowledge of commercial issues, especially contract & company law
• Knowledge of company secretarial requirements
• General legal experience in other fields/litigation work does not meet the above minimum skills requirement
• Computer literate (MS Office/e-mail)

General:

• Excellent writing skills
• Strong interpersonal & communication skills
• Listening, analysis and debating skills
• Keep abreast of all legal developments i.e. legislation, case law, industry practice amongst law firms, internal risk
• Must be able to build strong partnerships with business and corporate staff and communicate to various audiences in clear and understandable language

Additional Competencies:

• Strong knowledge & understanding of how a bank operates, both generally and within a credit framework
• Understanding of banking laws, CAMA, and CBN regulations.
• Post-graduate studies / qualifications in banking, finance / financial markets
• Corporate finance qualification/experience
• Ability to assess risks

Human Relations Profile:

• Strong character & integrity paramount
• A high degree of self-confidence; pleasant personality; well presented Well organised / good time management skills / disciplined
• Self-starter able to work with minimal supervision
• Team oriented
• Flexible when necessary
• Able to deal with criticism
• Ability to work under pressure

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Role Purpose

• To provide insight and thorough analysis of a company, entity or sector and present this information in a way that is easily understood and usable by investors to decide how to allocate funds.
• The role requires the candidate to provide equity research coverage for the assigned sector(s) in the Nigerian and other sub-Sahara African equity markets as well as offer investment recommendations to investors in these markets, with the aim of ensuring that the assigned sector research coverage is a leading franchise with investors.

Responsibilities

• Build and maintain financial and valuation models of companies in the FMCG sector across the African markets.
• Initiate research coverage on FMCG and any other assigned sectors, producing insightful research reports, regular maintenance research as well as thematic research reports.
• Maintain and build industry database for the sector under coverage.
• Provide in-depth analysis of equities covered to domestic investors and foreign institutional portfolio managers to aid investment decisions.
• Write call notes and present investment recommendations, background and breaking information on covered companies to the equity sales team in order to drive trades.
• Prepare presentations for internal and external use such as for daily market analysis and road shows, as well as teach-ins.
• Commit to a dry-run presentation with teammates and other approved personnel before embarking on a road show.
• Manage non-deal roadshow meetings with covered companies and investors.
• Attend investor conferences and be involved in planning RMB’s business and investors’ conferences and participate in corporate earnings calls of covered companies.
• Have and maintain a good relationship with senior-level executives of sectors being covered or considered for coverage to provide corporate access to RMB’s clients.
• Assist the Head of Research in any other role towards achieving departmental as well as organizational goals.
• Provide inputs in the preparation of the RMBNS monthly trade ideas (stock picks) report.

Qualifications and Experience

• B.Sc in relevant fields. A CFA (completed or in-view), MBA or MSc in Finance could be an added advantage.
• 3 - 6 years experience working as a sell-side analyst in a reputable brokerage firm in Africa.
• Must have a valid travel passport and must not have restrictions on travel to countries globally.

Competencies / Skill:

• Self-starter, ready to work in a fast-paced, entrepreneurial environment and has an open mind.
• Very confident and must possess excellent communication skills as the position involves regular calls and face-to-face interactions with portfolio managers/investment analysts.
• Strong working relationship with domestic and foreign institutional investors.
• Excellent use of Microsoft Office tools – Excel, PowerPoint, Microsoft, etc.
• Good understanding of financial statement analysis as well as financial and valuation modelling.
• An excellent understanding of the securities markets – understanding how trends in other asset classes impact equities and vice versa.
• Highly analytical in thoughts and approach to data and report writing.
• Ability to interpret data in a meaningful manner and approach that offers clear information regarding investment choices.
• A good understanding of research compliance, ethics and engagement between the public and private sides of the business is required.

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About the Job

• The role holder will support the Compliance team in driving, coordinating and monitoring initiatives and actions to ensure RMB Nigeria (“the Bank”) operates by all relevant Nigerian and South African banking laws, regulations, internal policies and frameworks including those relevant to Financial Crime.

Responsibilities
Maintaining Regulatory Universe and Risk Management Plans:

• Defining and maintaining the whole regulatory and compliance universe with which the bank is required to comply both in Nigeria and South Africa
• Prepare annual Regulatory Universe and Compliance Monitoring Plans for the Bank for review and approval by Exco and Board Risk and Compliance Committee
• Prepare Risk Management Plans (RMPs) for all the Regulations within the Regulatory Universe of the Bank
• Provide support to the team on ad-hoc compliance monitoring and other regulatory activities that may occur from time to time

Compliance Frameworks and Policies:

• Ensure all Regulatory Risk Frameworks, Policies and Standards are up to date
• Ensure AML/CFT/CPF regulations, policies and requirements are communicated to the business and functions
• Provide support with creating awareness on crucial Compliance policies and frameworks to the businesses and functions
• Provide support to the team in identifying and embedding new/amended laws, regulations, and internal and Group policies

Financial Crime:

• Responsible for ML/FT/PF Risk Assessment in conjunction with the Group office team
• Responsible for new product and new branch ML/FT/PF Risk assessment
• Responsible for Risk Assessment and Whistle Blowing External Audit
• Responsible for Financial Crime Group Internal Audit and Examination
• Responsible for the Financial Crime training programme for the Bank

Anti-Bribery and Corruption:

• Implement the roadmap for Anti-Bribery and Corruption within RMB Nigeria by ensuring that policies and frameworks are in place
• Implementation of the adequate control environment, training and awareness, risk assessments, monitoring and remediation of risk assessment findings
• Participating in Anti-Bribery and Corruption meetings and initiatives from the Group office

Reporting:

• Responsible for Group Office Compliance Monthly, Quarterly and Adhoc Reporting
• Responsible for Monthly Exco Report
• Responsible for Monthly Risk Management Committee Report

Others:

• Responsible for BCBS239 Regulatory Risk
• Responsible for Regulatory Risk and Financial Crime Audits by GIA
• Participation in the Compliance and Regulatory projects as required from a regulators and group office
• Provide necessary training plans in Regulatory and Compliance space to staff
• Working closely with CCO on all group office reporting requirements
• Any other assignments from CCO and ECO

Qualifications and Experience

• University First Degree in Arts or Social Sciences or a related discipline
• A professional qualification will be an added advantage
• Compliance Certification(s) - ACAMS, ICA or CFE
• Strong academic record
• Minimum of ten (10) years of experience in a similar role

Technical Skills:

• Knowledge of global and local Banking Regulatory Frameworks and the Environment
• Knowledge of CBN banking regulations, SEC regulations, Nigeria Stock Exchange Regulations, FMDQ regulations and others about banks, Stockbroking and Asset Management
• Knowledge of the workings of the banking sector, and merchant banking in particular
• A good understanding of typical merchant banking transactions and products

Competencies:

• A high level of pragmatism tempered with the strength to stand firm where necessary
• Attention to detail with strong problem-solving skills
• Ability to take initiative and improve existing processes where required
• A strong sense of materiality
• A high level of pragmatism tempered with the strength to stand firm where necessary.
• Ability to deal with criticism

Human Relations Profile:

• Strong team player
• Strong character & integrity paramount
• Strong interpersonal skills & team oriented
• A high degree of self-confidence with a pleasant personality
• Listening, analysis and debating skills
• Well organised
• Good time management skills and disciplined
• Flexible when necessary