Recruitment at Rand Merchant Bank 

Recruitment at Rand Merchant Bank

Rand Merchant Bank (RMB), a division of FirstRand Bank Limited, is a leading African corporate and investment bank and part of one of the largest financial services groups in Africa. We offer our clients innovative, value-added advisory, funding, trading, corporate banking and principal investing solutions.

We are recruiting to fill the position below:

Job Title: Business Development Manager

Location: Nigeria
Employment Type: Full-time

Job Description

• The primary focus of the Business Development role is to drive sales, grow assets under management, build and retain clients to improve the organisations market position. The Business Development personnel will identify business opportunities, negotiate and close business deals, maintain extensive knowledge of the financial market and current market trends, and contribute to the design of the distribution strategy.
• They will work closely with the product development team, investment team, marketing team and other internal teams to increase sales opportunities. They will represent the voice of the Client internally and share market intelligence and client feedback for the development and enhancement of products and services. The Business Development Staff will play a significant role in the integration of technology.

Responsibilities
The successful candidate will be responsible for the following:

• Generates sales by growing assets under management
• Prospect for potential new clients and turn this into increased business, prepare proposals and make presentations
• Maintain the right balance of assets under management across products to achieve the organisation’s objectives
• Increase Client’s wallet share by marketing an array of products and services that meet Client needs
• Expand and enhance the distribution strategy both in existing and new markets
• Conduct research to identify new markets and customers’ needs
• Develop and sponsor initiatives that will drive increased revenues and profitability in line with the firm’s risk appetite and financial objectives
• Actively participate in product strategy and development in conjunction with Product Management and Corporate Strategy
• Cultivate collaboration and knowledge sharing amongst team and partners
• Understand and ensure compliance with the relevant regulatory body’s rules and ensure effective and timely resolution of any audit, compliance, or control issues arising
• Act with integrity; due skill, care, and diligence

Qualifications

• A Bachelor’s Degree in an Arts or Science or related technical fields
• Post graduate qualification in Banking related discipline, Finance, and Management; or MBA will be advantageous
• Experience distributing Mutual Funds, Structured Products and other asset management products
• Registration with Nigeria’s Securities & Exchange Commission (SEC) as a Sponsored Individual is desirable
• Minimum of 5 to 8 years’ experience in asset management or similar environment

Technical Skills:

• Strong knowledge of asset management
• Fixed income solutions and credit knowledge
• Equity and Multi-Asset solutions
• Broad market knowledge
• Financial advisory and wealth management

General Competencies:

• Entrepreneur mindset
• Excellent presentation, written, and oral communication skills
• Strong interpersonal and networking skills
• Analytical and problem-solving skills
• Information analysis and management
• Proactive and flexible
• Customer focus (internal and external customers)

Application Closing Date
23rd October, 2024.

How to Apply
Interested and qualified candidates should:
Click here to apply online

Job Title: Corporate Credit Analyst

Location: Nigeria
Employment Type: Full-time

Job Description

• To provide quantitative and qualitative assessments of the current and forecast financial strength of a portfolio of corporate clients with the aim to identify portfolio related credit risks

Responsibilities
The successful candidate will have the following responsibilities:

• 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
The ideal candidate must have:

• A tertiary education with a financial background, with a minimum Second-Class Upper division or equivalent
• At least 5 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:
Ability to quickly gain proficiency in the following areas:

• 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.

Application Closing Date
17th October, 2024.

How to Apply
Interested and qualified candidates should:
Click here to apply online

Job Title: First Job Intern – 1

Job Requisition ID: R23295
Location: Nigeria
Job type: Full time

Job Description

• To deliver on predefined work objectives while gaining structured work experience in the business area
• To perform varied tasks which may include research, analysis, administration, process and project work that add value to the business area
• Adhere to the organisations shared values, service standards and Treating Customers Fairly outcomes with regards to customer interaction
• Resolve customer dissatisfaction or complaints and take ownership of the problem
• Communicate with customers according to agreed standards
• Collect customer feedback to help improve customer service
• Ensure that product knowledge and advice is technically accurate
• Work with enhanced processes and procedures to maintain operational efficiencies
• Ensure that quality standards are adhered to
• Adheres to c policies and procedures
• Maintain accurate activity reports
• Investigate innovative ways to optimise processes
• Contribute to the alignment of business processes to customer service
• Advise line management on potential opportunities for process and system improvements
• Demonstrate the shared value of, I get better and better
• Demonstrate pride in the organisations brand services and products by consistently delivering on the brands promise
• Follow through to ensure that personal quality and productivity standards are consistently and accurately maintained
• Stay relevant and up to date with legislations and new developments
• Maintain a positive attitude and respond openly to feedback
• Handle stress in ways that do not negatively impact others
• Plan and manage own workflow anticipating obstacles juggling priorities and following through on objectives within agreed time frames and according to quality standards
• Take ownership of personal career development leveraging formal and informal opportunities
• Read situations and organisational realities
• Set aside personal agenda for the greater good
• Act in an ethical transparent and morally defensible manner including highlighting unethical practices
• Share debate and communicate learnings
• Flag and debate issues constructively
• Promote a friendly cooperative climate

Application Closing Date
18th October, 2024.

How to Apply
Interested and qualified candidates should:
Click here to apply online