Latest Jobs at Rand Merchant Bank

Job Description

• The Governance Framework for the Management of ALM Risk (i.e., Liquidity Risk, Currency Risk, and Banking Book Interest Rate Risk) provides the governance principles aimed at creating a robust process to assess, measure, monitor, and report these risks. RMB Nigeria’s (“RMBN’s”) Group Treasury is the extension of FirstRand Bank’s Group Treasury and is responsible for the implementation of the Framework in Nigeria. RMBN’s Treasury team is also responsible for the management of the bank’s capital to ensure its adequacy under business-as-usual and stress conditions, capital management risk is therefore a key component of this role. For the purpose of this document, reference to ‘risk(s)’ means, ALM and capital management risk, which are also jointly referred to as ‘Treasury Risk’.

The following responsibilities & key performance areas are required for the job:

Frameworks, Policies, and Mandates for the management of Treasury Risks

• Responsible for the establishment and maintenance of frameworks, policies and committee (i.e., ALCCO) mandates.
• Ensure full compliance with Group standards and regulatory requirements associated with funding and capital (LAR, CRR, LCR, NSFR, CAR.)
• Propose risk limits, ensuring that portfolio mandates are in place across and in line with risk appetite.
• Research best practice and make recommendations on implementation of new developments and improvements in risk management processes.

Governance & Compliance

• Monitor risks and ensure that the exposure and utilisation is in line with the risk limits.
• Ensure that mandate and limit breaches and non-compliance thereof are escalated to appropriate forums.
• Ensure implementation of Basel III requirements across all portfolios.
• Ensure adequate governance processes are in place (frameworks and regulations).
• Ensure coordination of Internal and External Audit engagement.

Risk Analytics and Measurement

• Ensure that an appropriate control framework is in place to ensure the accuracy and completeness of Treasury risk metrics.
• Develop new and optimise existing strategies for the management of risks.
• Perform an assessment and forecast the key reporting metrics and provide commentary that can be used to explain implications of the outputs and attribute movements.
• Continuously assess appropriateness of metrics and measurement methodologies.
• Drive and implement the annual Internal Capital Adequacy Assessment Process ‘ICAAP’ (including the completions of all applicable reference documents) and Recovery Planning Process (RRP).
• Guide and implement a repeatable, dynamic stress and forecasting process in line with Group’s guidelines, regulatory requirements and best practice.
• Drive and implement the quarterly Internal Liquidity Adequacy Assessment Process ‘ILAAP’ (including the completions of all applicable reference documents).
• Review the stress testing of assumptions & BAU back testing results for each Treasury Risk.
• Perform impact assessments on proposed changes to regulations impacting on stress test outcome.
• Provide recommendations to the executive management on dividend payout and optimisation of the RWAs for business units based on the ICAAP outcome.
• Analyze and monitor the currency risk on the balance sheet (banking book) to ensure the bank is immunized from adverse shocks.
• Manage and ensure compliance with the regulatory limits on Net Open Position.

Reporting & Communication

• Co-ordination and production of the ALCCO pack sections and presentations relating to Treasury risks as well as facilitating and standardising the reporting into appropriate forums and frequency for both in-country and Group
• Coordination and submission of Key Management Process reports relating to Treasury risks in the banking book to the Board’s Risk & Compliance Committee
• Action ad hoc reporting and queries relating to Treasury risks reporting
• Communicate results of risk analytics and measurement to the Treasurer
• Co-ordination and production of the periodic ICAAP and ILAAP report

Strategic Relationships

• Responsible for the development and maintenance of strategic relationships with:
• Other Risk Type Owners
• Finance, Regulatory Reporting and Compliance
• Management committees (ALCCO, FRM)
• Regulator
• Group and in-country Research teams
• Group ALM Risk Management
• Group Capital management
• Group Exchange Control
• Develop and maintain relationships with Group peers to keep up to date with latest developments across FirstRand w.r.t risk frameworks, disclosure requirements etc.
• Industry liaison

Experience and Qualifications

• A degree in accounting / finance / maths / statistics or related field with a strong quantitative bias.
• CFA or FRM qualification would be an advantage.
• At least 5 years experience in asset/liability management or risk management.
• Thorough understanding of banking products and financial instruments.
• Thorough understanding of ALM management and an understanding of ALM and Capital specific regulations (e.g. Basel reporting standards)
• Knowledge of risk measures and practices (e.g., PV01, VaR, EaR (NII sensitivity).
• Thorough understanding of governance and control frameworks .
• Capable of analysing complex concepts and translating these into simple and concise narratives for management

The following competencies are required for the job:

• Strong analytical skills
• Strategic thinking
• Excellent communication skills (verbal, presentations and written)
• Passionate / energetic
• Work well under pressure
• Self-starter / able to work independently
• Team player
• Strong interpersonal skills
• Commitment to excellence
• Time management

go to method of application »

Job Description

• The Finance Manager will carry-out end-to-end financial (regulatory, management, statutory) and risk reporting.
• The role includes implementing and enhancing the accounting workflow systems and processes within business while ensuring financial controls and procedures are followed and adhered to for various internal and external stakeholders. In addition, compiling statutory, regulatory and management reporting for the Bank.
• This role will suit an individual who has excellent analytical, critical thinking, interpersonal skills, and a proven track record in establishing and leading highly efficient financial solutions.

Responsibilities:

The successful candidate will be responsible for:

• Oversee the day-to-day Finance operations, including general ledger management for the bank and ensure timely recording of financial transactions including journal entries, period-end journals, and reconciliations.
• Responsible for the preparation of the Bank’s timely financial results and coordinate the consolidation of Financial results for multiple Business Units of the Bank in line with IFRS, regulatory and Group requirements.
• Liaise with internal and external auditors, coordinating and facilitating all required audit processes within required and stipulated business and regulatory timelines. Coordinate the completion of timely audited financial statements and address any audit-related inquiries or findings.
• Responsible for preparing the monthly management and financial accounts, business reports and board documents; provide financial analysis and insights to support decision-making. Develop financial models and forecasts to support strategic planning, budgeting and forecast processes.
• Prepare and file regulatory reports and all relevant disclosures relating to daily, monthly, and quarterly FINA as required by CBN.
• Act as the Business partner for the Treasury business unit liaising with Treasury operations, budget performance monitoring, developing forecast and analyzing variances and other finance related matter for the department.
• Active participation in the budget process and forecast preparations on a periodic basis including analysis and monitoring adherence to the approved budget in line with the group requirements.
• Preparation of all periodic regulatory reports to CBN, SEC and NDIC; Group returns and report analysis using Hyperion Financial management (HFM)- Financial reporting consolidation tool; quarterly BA returns to South African Reserve Bank (SARB).
• Assess tax impact of banking transactions and ensure appropriate tax authorities receive tax return filings and payments as at when due.
• Identify opportunities to streamline financial reporting and control processes leveraging technology and innovative solutions to automate routine task and improve efficiency and accuracy.
• Manage any third parties to which accounting or finance functions have been outsourced.
• Ensure effective compliance and financial controls are in place in line with Group, statutory and regulatory requirement for financial and tax reporting. Monitor compliance and provide guidance to ensure adherence to financial policies and procedures.
• Cross-functional collaboration with Business Units and key Business Enablement functions across the Bank to ensure alignment of financial reporting and control activities. Provide guidance as required on financial reporting matters including accounting treatment and compliance requirements.
• Undertake any additional Finance duties as directed by the CFO.

Qualifications and Experience:

• The successful candidate should be a qualified Chartered Accountant with at least 10years working experience in a financial services institution.
• Good analytical and management skills.
• A sound knowledge of IFRS with excellent financial analysis and communication skills
• A good understanding of regulatory reporting requirements                      
• A sound understanding of foreign exchange, fixed income markets and valuation of financial instruments will be beneficial.
• Hyperion Financial management (Financial reporting consolidation tool) HFM experience will be beneficial.
• Confident to operate in a multi-dynamic global company across various business units and jurisdictions.
• Technologically adept and highly proficient in Ms. Office tools i.e. Excel, word and PowerPoint.
• Strong presentation skills and proven track record of interacting with Executive Management.
• A strong communicator who is deadline and solutions driven.
• Able to operate in a fast-changing and dynamic environment (building a business).
• Able to work as part of a highly innovative and competitive team, meeting demanding deadlines.
• Self –motivated and able to work well both in a team as well as independently.
• A high degree of professionalism and business acumen.
• Strong Business partnering skills.
• Candidates should be trustworthy and display strong work ethics and integrity in all that they do.

go to method of application »

Job Description

• 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.