Job Opportunities at Rand Merchant Bank

Purpose:

RMB Nigeria is looking to appoint a Transactor within the TTS team. The individual must be an entrepreneurial self-starter who has the energy and passion to develop RMB’s TTS business. The successful candidate will be required to provide support to the trade finance and working capital solutions to clients based in Nigeria

Responsibilities:

The successful candidate will be responsible for: 

• Responsible for implementing the set strategy and budget numbers for the product set, in conjunction with the head of TTS.
• maintaining existing client/partner relationships, in conjunction with the Coverage team to ensure profitable Treasury and Trade Solutions  
• Managing the trade and working capital portfolio from reporting, Credit Approval, deal implementation, and closure.
• Assist with the origination, structuring, and implementation process around bespoke lending, and trade finance.
• Drafting detailed deal screen memos, including fundamental financial analysis and models and independent research using a variety of data sources
• Conducting debt capacity analysis as well as putting together pitches and proposals and executing them Participating in discussions with management regarding bespoke deal structuring
• Managing the transaction execution process for multiple ongoing deals
• Close transactions by obtaining the relevant internal approvals for the transaction and leading or actively participating in the successful conclusion of negotiations.
• Rating and pricing structured trade finance transactions and term funding according to a formalized Credit Rating Methodology, with assistance from the Structuring team.
• Identifying transaction-specific risks including credit, compliance, taxation, accounting, and legal.
• Manage the credit approval process in conjunction with Client Coverage
• Building on the existing strong relationships with the Credit and Market Risk teams, Legal and Compliance functions, and Middle and Back-office areas.

Other:

• Cross-selling of bank products/opportunities to its clients
• Internal stakeholder relationship management

Qualifications and Experience:

• B.Sc. in Economics, Accounting, and Finance or any finance or social science-related courses with a minimum of Second-Class Lower division. 
• At least 6 years of experience in banking, working with Lending & and trade solution products in Nigeria. Other African experiences are also advantageous.

Technical Skills:

• Strong financial modeling skills 
• Strong analytical, numerical, and writing skills. 
• Proficient in the use of Excel to prepare spreadsheets and other modeling tools for generating reports logically.
• Proficient in the use of PowerPoint and strong presentation skills 
• Good understanding of Credit 
• Advanced level product/processes knowledge 

General:

• Good judgment and decision-making skills 
• High levels of numeracy and literacy are essential  
• Strong interpersonal skills, and  
• Listening, analysis, and debating skills 

Business Skills:

• Excellent report-writing skills 
• Ability to critically assess the commercial viability of clients’ business models and operations, identifying viable lending/financing opportunities. 
• Ability to originate, critically assess, develop, and close structured trade and commodity finance transactions. 
• Ability to analyze company financial statements, interpret corporate credit quality, and identify and quantify business and financial risks from a lending/credit perspective. 
• A passion for structured lending and investment banking generally, commodity markets, and structured (trade) finance specifically. 
• A general understanding of a variety of financial derivative products and instruments will be a distinct advantage.  
• A good understanding of corporate credit ratings, portfolio theory, and credit pricing will be a distinct advantage. 
• Effectively prioritizing and managing heavy workload in a fast-paced, deadline-oriented environment. 
• Creating new trading strategies and improving the existing ones to cope with changing market scenarios. 
• Comprehensive understanding of industry regulations & and all other regulatory requirements. 

Additional competencies (will serve as a strong recommendation) 

• Post-graduate studies/qualifications in banking, finance / financial markets   
• Proven experience in structuring and implementing working capital and supply chain solutions for clients 
• A sound understanding of forex markets will be beneficial.  
• Existing strong Nigerian Corporate relationships 
• Existing STCF experience  

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 
• Team oriented 
• Flexible when necessary  
• Ability to work under pressure 
• A strong communicator who is deadline and solutions-driven.  
• Strong work ethic and ability to operate in a fast-changing environment (building a business).  
• Able to work as part of a highly innovative and competitive team, meeting demanding deadlines.  
• A high degree of professionalism and business acumen  

go to method of application »

Job Description

The Finance Officer will assist in carrying out end-to-end financial (regulatory, management, statutory) and risk reporting, Business partnering, Budget and forecast, accounts payable (in conjunction with RMB SA), and remittance of taxes (VAT, CIT, WHT, and others) as part of the core financial team responsibilities.

Responsibilities:

The successful candidate will be responsible for the following:

• Assist in the preparation of regulatory returns to CBN, SEC and NDIC, and the South African Reserve Bank.
• Assist with the preparation of Group returns and reports
• Coordination of accounts payable and expense processing into the general ledger.
• Preparation of daily P&L reports as applicable to the business units
• Assist in the budget coordination and forecast analysis of the Bank
• Responsible for periodic general ledger substantiation, reconciliation, and reporting
• Assist with the preparation of monthly management accounts
• Assist in coordinating and preparation for all finance-related regulatory and tax audits.
• Coordination and preparation of monthly WHT, VAT, and other tax returns and ensuring timely remittance of same.
• Liaison with Operations, IT, and other support areas to improve on reporting processes and data integrity.
• Undertake any additional duties as directed by the Head of Finance or CFO.

Qualifications and Experience:

• The successful candidate should have a relevant degree qualification and must be a qualified CA with at least five (5) years of working experience within a financial services institution.

Technical skills

• Good appreciation and understanding of the preparation of financial statements and finance operations.
• 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 spreadsheets.

General

• Good judgment and decision-making skills
• High levels of ethics, numeracy, and literacy are essential
• Strong interpersonal and analytical skills, and
• Listening, analysis, and debating skills

Additional competencies (will serve as a strong recommendation)

• Post-graduate studies/qualifications in banking, finance / financial markets 

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
• Team oriented
• Flexible when necessary
• Ability to work under pressure
• A strong communicator who is deadline and solutions-driven.
• Able to work as part of a highly innovative and competitive team, meeting demanding deadlines.
• A high degree of professionalism

go to method of application »

Job Description

The RMB Nigeria Risk and Compliance Department is responsible for the end-to-end management and oversight of all categories of risk and governance in RMB Nigeria. The risk function within the entity is not only an oversight function but is expected to get involved in the day-to-day functional reporting and management processes insofar as there are no conflicts of interest. This creates the opportunity for broad-based integration into the business.

Responsibilities:      

The successful candidate will primarily be focused on providing operational support to the ORM in ensuring the overall operational risk objectives are met.

KRIs    

• Monitor entity-wide compliance in terms of capture and approvals by due dates and escalate gaps appropriately to the ORM
• Monitor and ensure all KRI breaches have requisite action plans in place.    
• Support the ORM with organizing KRI setting or review sessions with businesses.    

PRCIA    

• Support the ORM with organizing PRICA setting or review sessions with businesses    
• Monitor PRICA review calendar and prompt both the ORM and Businesses for reviews coming due reporting.    
• Prepare operational risk reports as may be assigned by the ORM or CRO    
• Ensure items that needed to be loaded on open pages such as loss events and PRCIA are promptly updated.   

Others    

• Take on assignments as directed by the ORM or CRO    
• Participate in governance meetings for OpRisk    
• Log all operational risk incidents on OpenPages     
• Ensure all OpRisk event logs are reviewed and approved within stipulated timeframes    
• Provide general administrative support in all OpRisk departmental activities    

Qualifications and Experience:             

• Candidates should have a relevant graduate degree and at least 2-5 years of work experience preferably having worked as an entry-level professional in investment banking, accounting, audit, management consulting, or related fields, and who is interested in working in a small team environment with a high degree of client contact. 
• Experience in MS-Excel financial modeling, including detailed income statement forecasting and scenario analysis, capital structure modeling and M&A modeling.     

Competencies:   

• Analysis and Attention to Detail
• Verbal and Written Communication
• Problem-Solving
• Self-motivated to take on multiple tasks
• Business Acumen
• Organisational Awareness
• Anticipating and Managing Change
• Presentation and Facilitation
• Understanding of Operational Risk Management
• Team player
• Strong attention to details

Human Relations Profile  

• Strong character & integrity are paramount.
• Self-confidence, with a pleasant personality 
• Well organized/good time management capabilities/disciplined/detail oriented 
• Self-starter able to work with minimal supervision. 
• Strong work ethic and ability to operate in a fast-growing environment 
• Flexible when necessary and ability to work effectively under pressure 

go to method of application »

Job Description

To be responsible for the end to end processing of Trade Service products which includes Documentary Letters of Credit, Guarantees/Standby Letters of Credit and Documentary Collections. 

• To ensure that due diligence for compliance related matters is adhered to.
• Service a portfolio of clients through the processing of various Traditional Trade and Cross Border payment products including the resolution of queries and requests originating from both internal and external clients.
• Provide sales support to the RMBN coverage and Global Markets sales teams.