Fresh Jobs at Rand Merchant Bank

Job Description

• The role involves the origination, structuring, and management of a portfolio of investment banking clients, relationships, and transactions. The successful candidate will oversee the entire transaction lifecycle, from origination and implementation to closure, ensuring that client transactional requirements as outlined in mandates and legal agreements are fully implemented and adhered to.
• The candidate will be actively involved in the deal origination and structuring processes, while also participating in the implementation of transactions within their allocated sector or product. This will drive improved profitability, market share, and enhance the firm’s competitive positioning.
• Key to success in this role will be the ability to add value to client transactions through innovation, subject-matter expertise, and lateral thinking, ensuring that all mandates align with the Bank’s standards and regulatory compliance.

Responsibilities

The successful candidate will be responsible for:

• Support the execution of the strategy for Corporate Finance in Nigeria in partnership with broader Corporate Finance leadership;
• Lead and mentor a team of junior bankers in analyzing operations, business plans, and financial forecasts to support M&A, capital raising, and equity capital market transactions;
• Review and assess detailed financial statements, related reports, and drafts to prepare financial documentation relating to a range of sophisticated and complex investment banking transactions involving numerous parties
• Review and assess financial statements and reports to prepare comprehensive documentation for complex investment banking deals involving multiple stakeholders
• Advise clients on strategic options, market positioning, and industry trends, providing insights for decision-making
• Co-ordinate with the wider RMB’s South African and regional teams on an ongoing basis to drive CFD origination and execution efforts
• Drive the execution of mandates in line with RMB standards;
• Build and promote the RMB brand in the Nigerian market; particularly in the Corporate Advisory context;
• Conduct his/ her business in a manner that is consistent with the RMB leadership brand;
• Able to add value to transactions for the benefit of RMB and/or the client through knowledge of the subject, innovation and lateral thinking.
• Have a good understanding of the evolving regulatory landscape and how this impacts potential transactions in Nigeria.
• Able to add value to the implementation of transactions through an understanding of valuation, the Companies Act and relevant regulatory authority rules and regulations.

Qualifications And Experience

• Suitable business qualification and an MBA from an accredited institution/ CFA would be preferred;
• More than 6 years of relevant experience in a financial or corporate and investment banking environment.
• Ideally 3-4 years of relevant corporate finance/transaction advisory / private equity experience.
• Ability to think laterally, innovate and add value for RMB and client.
• Excellent communication skills – both written and spoken.
• Must understand the theories and practices of company valuations, reviewing and building financial models, presentation skills and undertaking complex statistical analysis.
• A strong track record of achievement in previous work experience.
• Good level of social and interpersonal skills, professional, passionate, ambitious and able to demonstrate a high level of integrity
• Candidate must be a self-starter, willing to work in a multicultural environment and be able to think and act well under pressure.
• Candidate must be willing to learn with a strong desire to succeed.

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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:

• 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 macroeconomic 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:

• Develop an in-depth knowledge of specific operating environments (i.e., country, industry, regulatory and 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.