Ongoing Recruitments at Rand Merchant Bank

Job Description

• The Associate, Private Markets will provide analytical, research, and execution support to the Head of Private Markets in managing and growing the firm’s investment across private equity, private debt, infrastructure and real assets.
• The role requires strong financial acumen, research ability, attention to detail, and a genuine interest in private market investing.
• The successful candidate will assist with investment due diligence, portfolio monitoring, market analysis, and preparation of investment materials for internal and external stakeholders.

Responsibilities

• The successful candidate will be responsible for the following: 
• Support the Head of Private Markets in sourcing, evaluating, and executing private market investment opportunities 
• Perform financial analysis, modeling, and valuation of potential investments, funds, or co-investment opportunities 
• Conduct background research on sectors, managers, and transactions to inform investment decisions 
• Assist in preparing investment committee memos, presentations, and reports 
• Track performance and key developments across existing private market investments 
• Liaise with fund managers, consultants, internal team to support due diligence and transaction execution  
• Contribute to portfolio review meetings and strategic discussions on pipeline development  
• Monitor macroeconomic, industry, and regulatory trends impacting private markets developments 

Qualifications and Experience

• A Bachelor’s Degree in Finance, Accounting, Economics, or a related field is required 
• 3 - 6 years of experience in private equity, private debt, infrastructure, investment banking, or corporate finance is required  
• Solid understanding of financial modelling, valuation techniques, and investment principles  
• Excellent written and verbal communication with the ability to distil complex information clearly  
• Highly organised, detail-oriented, and capable of managing multiple workstreams 
• Enthusiastic, intellectually curious, and eager to learn within a fast-paced investment environment   

General Competencies: 

• Team player with the ability to collaborate across departments and functions   
• Entrepreneur mindset   
• Collaborative, strategic thinker who can work well with senior management and other key stakeholders  
• Result-oriented, detail-driven, and committed to excellence and the highest standard of quality and professionalism. 

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Job Description

• The Product Control and Systems Accounting manager will work closely with traders, risk, and valuation teams to produce daily P&Ls and analyze them for risk, market trends, and product performance.
• In addition, they will be responsible for overseeing the integration, management, and optimization of banking products and IT systems to ensure no deficiencies in the product or system, integrity of financial data, seamless operations, and compliance with regulatory standards.

Responsibilities
The successful candidate will be responsible for:

• Lead financial control and reporting for product lines and business unit portfolios, with a primary focus on global markets, treasury operations, and other key products across the bank.
• Responsible for financial performance and profitability analysis of products, ensuring accurate valuation of treasury instruments. Independently assess and validate income recognition, valuation methodologies, and accounting treatments for financial instruments such as foreign exchange, bonds, derivatives, and other related products.
• Ensure the timely and accurate calculation, verification, and reporting of daily profit and loss (P&L) and related analytics. Prepare and validate daily P&L reports for all Business units, maintaining high standards of accuracy and integrity.
• Ensure accurate month-end reporting of profit and loss (P&L) and balance sheet positions for all Global Markets and Treasury products. Perform reconciliations and promptly resolve any discrepancies identified. Submit monthly reports to the CFO and Head of Finance, including income attribution and portfolio performance.
• Evaluate and mitigate financial risks related to product operations, with a strong understanding of valuation methodologies for traded products. Collaborate closely with risk and valuation teams to ensure consistency, accuracy, and regulatory compliance.
• Manage and collaborate with business units to deliver insights, performance reports, budgets, and forecasts. Engage with traders, finance business partners, risk management, and IT teams, and present key performance metrics and strategic insights on product-related matters to management and relevant committees
• Oversee product cost accounting and pricing strategies, ensuring accurate setup of accounting parameters through thorough product paper reviews. Stay informed on market trends and provide strategic advice to management on their potential impact on the bank’s portfolio.
• Implement financial controls and drive process improvements for product-related operations. Develop and maintain robust internal controls for financial systems, ensuring accurate data flows and reconciling system outputs with financial reports.
• Maintain good relationships with internal and external stakeholders. Prepare financial instrument disclosures in accordance with IFRS, CBN, and other regulatory guidelines, ensuring readiness for internal reviews and external audits.
• Collaborate with product and finance teams to support budgeting and forecasting processes across the bank, ensuring alignment with strategic objectives and financial targets.
• Establish robust internal control frameworks for IT systems and banking products. Maintain and enforce policies and procedures to ensure compliance with regulatory standards and internal guidelines. Continuously review and update control processes to address emerging risks and technological advancements.
• Conduct regular audits and reviews of IT systems and product controls to identify vulnerabilities and provide assurance. Support month-end close processes and assist in audit preparations to ensure accuracy and compliance.
• Monitor compliance with internal controls and report findings to senior management. Lead investigations into control breaches, IT security incidents, and product-related issues. Develop and implement corrective action plans to address identified weaknesses and enhance control effectiveness.
• Provide training and ongoing support on financial systems and controls. Serve as the primary contact for system-related queries and troubleshooting related to finance operations and product-related matters.
• Coordinate all finance and systems enhancement projects, collaborating with internal and external project teams to conduct business analysis and ensure timely delivery of project milestones and deliverables.
• Including any other roles and responsibilities assigned by the CFO.

Experience & Qualifications

• A Degree in Finance, Economics, Accounting or similar areas.
• Professional qualification in Accounting and Membership of a Professional body is advantageous
• At least 8 years of work experience, 5 of which would have been spent in product control, financial analysis or accounting roles.
• You have prior experience in a similar role within an investment bank
• Good understanding of financial products and valuation methodologies
• Good understanding of core banking platform and financial systems

General Competencies:

• Project coordination and management
• Good communication skills
• Good presentation and business writing skills
• Good problem-solving skills
• Strong sense of accountability and ethical decision-making.

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ob Description

• The Head of Private Markets will play a key role in sourcing, evaluating, and executing investments across private market asset classes, including private equity, private debt, infrastructure, and real estate.
• The successful candidate will support the team in portfolio construction, due diligence, and ongoing monitoring of investments to deliver superior risk-adjusted returns for clients.
• The Head of Private Markets will be responsible for leading the initiatives and managing the team, collaborating closely with senior management, internal teams, and external partners to originate and execute direct investments, as well as working on partner-led investments and secondary market opportunities.

Responsibilities
Product Design:

• Develop and evaluate legal structures from the perspective of investor suitability, taxation, and regulatory compliance  

Investment Strategy and Governance:

• Develop governing documents and an appropriate investment strategy 

Deal Pipeline:

• Source and identify potential targets for investment   

Deal Structuring and Due Diligence:

• Lead the structuring and due diligence efforts for all investments 
• Take a lead role in overseeing the comprehensive credit analysis process  
• Evaluate financial statements, assess risk, and conduct in-depth capital structure analysis 
• Develop and maintain financial models for assessing investment opportunities 

Fund and Investment Documentation:

• Lead the drafting of the requisition documentation for establishing and marketing the fund   
• Lead the negotiation and documentation for the approved investment   

Stakeholder Engagement:

• Lead the presentation of new investments to the investing public  
• Provide an investment update to the investment committee 
• Build and maintain relationships with internal and external stakeholders and regulators  

Portfolio Management, Monitoring, and Review:

• Oversee and manage the performance of the investment portfolios 
• Provide strategic insight for portfolio optimization and ensure the investments are performing as expected.   
• Lead the periodic monitoring, review, and reporting of the investment portfolio  

Capacity Building:

• Lead, mentor, and develop a team of professionals within the team 
• Drive key decisions with minimal supervision  

Qualifications and Experience

• A Bachelor’s Degree in Finance, Accounting, Economics, or a related field is required 
• An MBA, CFA, or postgraduate qualification will be advantageous 
• 10 - 12 years of experience in private equity, private debt, infrastructure, investment banking, or corporate finance is required  
• The candidate must have extensive experience in credit analysis, financial modelling, structuring, origination, trade execution, and leadership 
• Registration with Nigeria’s Securities & Exchange Commission (SEC) as a Sponsored Individual is desirable 

Technical Skills:

• Proficient in financial modelling and valuation 
• In-depth knowledge of credit markets, capital structures, debt instruments, and transaction structuring   
• Ability to provide opinions and recommendations to senior management, investment committees, and external stakeholders, both in written and verbal presentation   
• Outstanding communication and presentation skills 
• Strong organisation and project management skills with the ability to oversee multiple priorities and ensure timely, high-quality execution in a dynamic and fast-paced environment   

General Competencies:

• Self-started   
• Highly self-motivated with the ability to lead 
• Entrepreneur mindset   
• Collaborative, strategic thinker who can work well with senior management and other key stakeholders  
• Result-oriented, detail-driven, and committed to excellence and the highest standard of quality and professionalism