Latest Jobs at Rand Merchant Bank

Purpose:

• An opportunity is available for a Credit Analyst in RMB Nigeria to report to the Head of Credit

Responsibilities:

The successful candidate will have the following responsibilities:

The successful candidate will:

• Assess financial transactions, which include(s) an assessment of products (i.e. derivatives) and structures used.
• Assess counterparty credit risk, which includes the following:
• Assessment or understanding of the operating environment (i.e. country, industry, regulatory and legal risk) and how it impacts the risk profile of the counterparty.
• Spreading and modelling of financial statements.
• Analysing and interpreting financial statements.
• Quantitative and qualitative assessment to identify and quantify the financial and business risks of the counterparty.
• Assign credit ratings to counterparties by using internally approved rating methodologies and models.
• Write credit reports and prepare credit applications and financial models to be presented to the relevant committees.
• Present credit applications and reports to various credit committees and forums.
• Monitor financial covenants and financial risks for credit reporting.
• Ongoing evaluation and monitoring of counterparties and facilities.
• Ongoing monitoring and management of portfolio, which include making recommendations and/or providing input to further develop the bank’s lending policy.
• Liaise with various business units, divisions and subsidiaries within the FirstRand Banking Group.
• Interact with clients.

Qualifications and Experience:

The ideal candidate must have:

• A tertiary education with a financial background, with a minimum Second-Class Upper division or equivalent
• At least five years of credit analysis experience, preferably within a large financial institution or five year’s experience in financial markets in a consulting/auditing capacity.
• Modelling, assessing or advising on financial and business risks should form part of this experience.
• A sound understanding of Treasury and Financial Markets products (i.e., derivatives) is required.

Technical Skills and General Competencies:

• General knowledge of practical economics relating to business, industry and the Nigerian macro-economic environment.
• Knowledge and understanding of the Companies Act, Commercial Law, legal issues relating to security, exchange control and other relevant legislation or regulatory requirements, including IFRS, Basle II and III.
• Knowledge and understanding of the taxation of companies, financial institutions and shareholders.
• Good understanding of financial instruments products (i.e., derivatives) and markets.
• A good understanding of credit ratings, portfolio theory and credit pricing.

Key Competencies:

General

• Ability to quickly gain proficiency in the following areas:
• Develop an in-depth knowledge of specific operating environments (i.e., country, industry, regulatory
• legal risk) and how it could impact on the risk profile of the counterparty and specific transactions.
• Develop an in-depth knowledge of specific sectors and clients as part of a specific industry research team.
• Assessing financial transactions, which include derivatives and other product structures in order to identify credit and other risks pertaining to vanilla and exotic derivative structures.
• Identifying transaction specific risks including credit, taxation, accounting, legal and exchange control pertaining to transactions.
• Assessing counterparty credit risk.
• Introducing risk mitigating measures as input to transactions in line with the risk philosophy of the Bank.
• A good understanding of the Bank’s credit risk appetite, credit grading and credit pricing models.
• A general understanding of trends in the global lending market with a view to providing input into the bank wide lending policy development process.

Human Relations Profile

• Strong character & integrity paramount.
• High degree of self-confidence; pleasant personality; well presented.
• Well organized / good time management skills / disciplined/ detail orientated.
• Self-starter able to work with minimal supervision.
• Flexible when necessary and ability to work effectively under pressure.
• Strong work ethic and able to operate in a fast-changing environment (building a business).
• Excellent communication skills (i.e., verbal, writing and presentation skills).
• Ability to work with a team and/or independently.

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Purpose

• The essence of this role is to lead the transaction banking unit, originating and enabling transactional sales, implementing channel solutions, and cross-selling transaction banking products in the RMB Treasury and Trade Solutions Corporate Banking segment to achieve transaction banking revenue goals.

Responsibilities:

The successful candidate will:

• Drive transactional banking strategy and products, ensuring the objectives are met or exceeded.
• Responsible for formulating and executing the TXB strategy and ensuring the team delivers on the approved budget numbers.
• Establish and maintain relationships with business partners to strengthen collaborative working relations to improve the effective and efficient execution of sector sales objectives in line with Transactional business requirements.
• Understand client’s needs and demands by providing targeted solutions within our regulatory framework and Marco environment.
• Drive the sales and origination efforts to convert existing and acquire new clients to become transactional banking clients of the bank.
• Understand critical competitors, new technologies, sector dynamics, and vital macro-environmental forces to analyze and identify sector-wide opportunities and challenges for transactional sales.
• Understand the critical micro-environmental impacts and relationships, i.e., client performance trends, client financial data, and competitive positioning in the sector to identify relevant sales solution tactics;
• Contribute to attaining the TxB budget by formulating annual tactics for the industry to enable enhanced revenue growth. This planning is in collaboration with TxB Product teams, other Corporate Banking teams, and Coverage Leads the transactional banking team to success by ensuring the team is well motivated with clear KPIs to deliver on budget.
• Provide consistent, professional, and superior delivery of TxB offerings and client
• management disciplines including
• pipeline ownership, RFP responses, proactive proposals, presentations, call reports, lead generation, and channel implementation oversight.
• Price solutions appropriately within the context of broader relationship pricing to ensure profitability and competitive positioning (with support of Pricing and Product)
• Display an in-depth knowledge of relevant systems and interdependencies between these systems.
• Assess the effectiveness of Sales tactics by measuring revenue target achievements, qualified leads, reduced sales cycles, and value creation for the client.

Qualifications & Experience:

• The successful candidate should have an undergraduate degree qualification in a relevant discipline with at least 15 years of relevant working experience within a bank, preferably a Nigerian or financial institution.

In-depth understanding and application of:

Experience:

• In a same/similar role focused on delivering results and meeting/exceeding sales targets
• Track record of entrenched relationships within a portfolio of Nigerian clients
• Ability to engage and persuade senior client stakeholders, e.g., CFO and treasurer.
• Extensive experience in sales
• A strong understanding of bank operations, trade finance, and local regulations is required.

Technical skills:

In-depth understanding of:

• TxB value Proposition
• TXB products, relevant systems, and processes
• TxB product knowledge
• TxB banking/payments and clearing
• Treasury/cash management and working capital ratios
• Portfolio management and the sales lifecycle

Key Competencies:

• Self-driven and results-oriented. Maintain high activity levels, meet deadlines, and produce consistently high-quality output.
• Set demanding goals with a strong character, integrity, confidence, pleasant, and always well-presented.
• Ability of decision-making to make fair and firm decisions based on facts and logic. Persuasive in selling ideas/products and creating a transfer of enthusiasm.
• Effective communication, organization, problem-solving, time management, discipline, attention to detail, and flexibility to create impactful proposals and negotiate win-win agreements.
• Ability to build sound relationships based on trust, effective communication, strong work ethics, deadline-driven, adaptability, and being a team player. Additionally, being client and solution-oriented, persistent, and self-motivated are key qualities for success.

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Purpose: 

• The Application Specialist is responsible for designing and developing functional software solutions for the bank.
• The candidate would work with various business units in the organization to understand and analyze their requirements and collaborate with various technical teams across the FirstRand Group to design and implement solutions to meet the needs of the business. 
• The ideal candidate will have hands-on experience in software development, project management, database design and enterprise architecture.
• The goal of the application specialist is to deliver high-quality software solutions that is aligned with user needs and business goals. 
• The role is based in Lagos, Nigeria and reports to the Head of Business Technology of RMB Nigeria. 

Responsibilities: 

The successful candidate will be responsible for: 

Strategic Perspective 

• Participating in strategic decisions about technology, definition, and implementation of RMBN’s bespoke software projects for business enablement, service & process transformation and cost efficiency 
• Working together with various teams in South Africa and Nigeria to develop software applications and specialized financial and management reports to meet regulatory and business requirements. 
• Working together with the RMB Technology teams to plan and execute projects, ensuring that the business teams have the appropriate product and technical specifications, direction and resources to deliver products effectively 
• Providing software development plans that meet the future needs of RMBN’s clients and markets, technologies for productivity and process improvements. 

 Operations 

• Performing software design and development based on the customer’s requirement and producing design documents 
• Liaising with stakeholders to determine integration points and interaction for software components 
• Working with incident managers to resolve production problems 
• Influencing and complying with regulatory requirements to ensure that the RMBN system produces reports in compliance with both Group and in country regulatory requirements
• Delivering and managing of technology projects and solution life cycle within budget and set time frames 
• Implementing & supporting core banking, peripheral, electronic channels and specialized applications 
• Developing and maintaining integrated programs to protect the integrity, confidentiality and availability of customer’s information resources 
• Attending to requests concerning code reviews and writing codes for application functionality 
• Reviewing current software properties to identify areas for optimization and executing the optimization process 
• Supervising the entire life cycle of bespoke software products to ensure they conform with applicable standards 
• Ensuring application security, best practice, and regulatory compliance for software solutions
• Responding to issues from internal and external customers; ensuring the integrity of applications developed and the satisfaction of customers 
• Evolving and updating the existing software system applications and architecture in various areas as needed 
• Effective internal and external stakeholder relationship management: 
• Build and maintain strong working relationships with all stakeholders, displaying excellent abilities to initiate dialogue and listen, advise, influence and negotiate 
• Initiate meetings with key stakeholders to track progress, manage expectations and ensure stakeholders’ needs are met 
• Proactively communicate and share information and encourage discussion and debate (share successes and highlight challenges) 
• Provide engineering support when building, deploying, configuring and supporting systems for customers 
• Document and demonstrate solutions by developing documentation, flowcharts, layouts, diagrams, charts, code comments and clear code 
• Demonstrate focus on RMBN’s clients with the deployment of software upgrades, enhancements and fixes that are coordinated based on targeted release schedules 
• Oversee code review by ensuring that peer codes are checked for errors and anti-patterns 
• Actively participate in the release of products according to stipulated timelines 
• Ensure compliance with RMB development processes 

Effective teamwork, self-management, and alignment with group values: 

• Continually drive RMB’s values 
• Follow through to ensure that personal quality and productivity standards are consistently and accurately maintained 
• Make an effort to stay relevant and up to date with legislation, new developments etc.
• Take ownership and accountability for tasks and activities and demonstrate effective self-management 
• Maintain a positive attitude and respond openly to feedback 
• Continually share, debate and communicate learnings 
• Be proactive in anticipating potential problems and continually monitor progress to ensure small details are not missed 

Education and Qualifications 

• The successful candidate should have at the minimum, a bachelor’s degree in Computer Science/ Electrical/ Electronic Engineering/ Applied physics or a related discipline. 
• Relevant certification such as ITIL (Information Technology Infrastructure Library), MCP (Microsoft Certified Professional)/ MCTS (Microsoft Certified Technology Specialist)/MCITP (Microsoft Certified IT Professional), OCA (Oracle Certified Associate), OCP (Oracle Certified Professional) 

Experience 

• Minimum of seven (7) years’ experience in a similar role and relevant industry with at least 5 years in application development & management and financial reporting 
• A Master’s Degree will be an advantage 
• Strong knowledge of core banking systems 
• Ability to negotiate and influence across all levels including senior stakeholders

Technical Skills and Competences 

• Extensive experience in software development, scripting and data modelling
• Knowledge of C# and Java programming languages. Knowledge of Python, JavaScript, PowerShell, and BASH would be an advantage
• In-depth knowledge of relational databases (Oracle, MSSQL PostgreSQL & MySQL) and NoSQL  databases (e.g. MongoDB)
• Reporting (Power BI, crystal reports) 
• High performance and secure development 
• Familiarity with Linux and Windows Operating environments
• Familiarity with project management tools (JIRA) 

Competencies 

• Customer focus (internal and external customers) 
• Interpersonal skills and ability to network within an organization 
• Analytical and problem-solving skills 
• Information analysis and management 
• Good Communication 
• Proactivity
• Flexibility

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Purpose:

• To coordinate and direct RMBN’s objective in originating and delivering financial markets products & solutions to institutional clients such as Banks, Asset Managers, Pension Funds, Insurance Companies and DFIs.

Responsibilities:

The successful candidate will have the following responsibilities:

• Offering a full spectrum of integrated capabilities to deliver leading market insight, solutions, and execution services to institutional clients across the following asset classes: foreign exchange, interest rate, credit, and commodities.
• End-to-end accountability for delivering and executing of Markets products and solutions to drive RMBN financial performance within the Nigerian Financial Market.
• Identifying opportunities to originate structured deals, across all asset classes and for both external and internal clients, by remaining in touch with client needs and constraints.
• Drive the Markets Division Strategy for Institutional Client Group (ICG) and have accountability for the budgets. Institutional Client Group (“ICG”) is a business unit that is responsible and accountable for institutional clients within RMB.
• Take ownership of the transaction/deal life cycle.
• Championing the visibility of RMBN Markets Division brand in the local and international markets.
• Contributes towards the evolution of RMBN’s Markets Sales business to position as best in class and thought leaders in the Nigerian Financial Market.
• Fosters strong internal and external networks across multiple business units to optimize the Markets growth strategy and distribution mandate of the Bank.
• Build and maintain strong working relationships with all stakeholders, displaying excellent abilities to initiate dialogue, listen, advise, influence, and negotiate to achieve win-win outcomes.
• Showing succession capabilities to lead a team and drive strategy formulation.

Qualifications and Experience:

The ideal candidate must have:

• Degree in the relevant course
• ACI
• Masters/CFA will be an added advantage
• Minimum 8 years of experience in financial services, preferably banking with a thorough knowledge and experience in fixed income, money markets, and foreign exchange. Structuring would be an advantage

In compliance with the National Youth Service Corps (NYSC) Act of 2004, all applicants should ensure that they have completed the mandatory NYSC programme. A discharge certificate will be required as evidence of completion of the programme. Where an exemption has been granted, a certificate of exemption will be required.

Technical Skills and General Competencies:

• Deep Financial Markets expertise and broader solutions knowledge
• Good communication and interpersonal skills
• Market and customer insights
• Strong decision maker
• Knowledge of the relevant exchange control regulations
• Candidates must demonstrate a keen ‘solutions-driven’ mentality, self-assurance, and confidence