Recruitment at Rand Merchant Bank (RMB)

Recruitment at Rand Merchant Bank (RMB)

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: Finance Manager – Asset Management

Job Requisition ID: R22542
Location: Nigeria
Job type: Full-time

Job Description

• The Finance Manager, who will primarily be responsible for the finance activities of the Asset Management Business in Nigeria will be expected to carry out end-to-end financial (regulatory, management, statutory) and risk reporting.
• The role includes implementing and enhancing the accounting workflow systems and processes for Asset Management and Fund activities while ensuring financial controls and procedures are followed and adhered to for various internal and external stakeholders.
• This role will suit an individual who has excellent analytical, critical thinking, and interpersonal skills and a proven track record in establishing and leading highly efficient financial solutions.

Responsibilities

• Oversee the day-to-day Finance operations, including general ledger management for the Asset Management Business and all the Funds, and ensure timely recording of financial transactions including journal entries, period-end journals, and reconciliations.
• Responsible for the preparation of the Entity’s timely financial results and coordinating the consolidation of Financial results for multiple Funds of the Business 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 returns as required by SEC.
• Act as the Business partner for the Asset Management Business unit liaising with Business on budget performance monitoring, developing forecast, and analyzing variances and other finance-related matter for the department.
• Preparation of all periodic regulatory reports to SEC and FRCN; 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 Buisness 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 Rand Merchant Bank Nigeria Limited “Bank” Business Units and key Business Enablement functions to manage service level agreements and 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.

Qualification

• The successful candidate should be a qualified Chartered Accountant with at least 10 years of 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 managing various Financial instruments i.e 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.

Application Closing Date
18th October, 2024.

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

Job Title: ALM Risk Manager

Job Requisition ID: R12633
Location: Nigeria
Job type: Full-time

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’.

Responsibilities
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 optimization 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.

Application Closing Date
11th October, 2024.

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

Job Title: IBD Associate

Job Requisition ID: R22263
Location: Nigeria
Job type: Full-time

Job Description

• This position presents the opportunity to gain a holistic view of the Investment Banking Division (IBD) with a focus on West Africa.
• This role will provide an opportunity to work across all product areas within IBD based on a staffing model, whilst assisting with the formulation and implementation of the IBD strategy.

Responsibilities

• The ideal candidate will fulfil the role of an associate, including execution of financial advisory/corporate finance transactions as well as leverage finance, infrastructure finance and corporate lending transactions.
• The associate will be responsible for originating client pitches, building financial models (for valuation and debt capacity) and writing credit memos/papers.
• The associate will assist the lead transactor in facility documentation and will be responsible for ensuring successful execution of admirative processes to ensure financial close on transaction.
• The associate will be responsible for managing and allocating workflow to analysts within the team as well as be partly responsible for upskilling the analysts.
• The associate will coordinate the preparation of reports and presentations, including research and analysis of African economies, market trends and business opportunities which they will collate and share with relevant stakeholders across the Business.

Qualifications and Experience

• Candidates should have a relevant graduate Degree and at least 4 years work experience in investment banking, accounting, or related fields, and be interested in working in a small-team environment with a high degree of client contact.
• Successful completion of Level 1 of the Chartered Financial Analyst (“CFA”) programme would be an added advantage.
• Experience in Excel financial modelling, including detailed income statement forecasting and scenario analysis, capital structure modelling, and Merger modelling.
• Candidates should be motivated to take on multiple tasks, should enjoy working in a constantly changing environment, have strong attention to detail, interact well, and enjoy working within a team.
• Strong leadership qualities and communications skills are key as is a well-developed business acumen.
• Conceptual thinking coupled with strong analytical ability.
• Report writing skills essential.
• Advanced PowerPoint and Excel skills are required.

Application Closing Date
18th October, 2024.

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

Job Title: Graduate Trainee

Job Requisition ID: R23069
Location: Nigeria
Job type: Full Time

Job Description

• To contribute to various projects and initiatives while honing skills and knowledge
• To apply an academic background, learn from experienced professionals, and contribute meaningfully to the team’s objectives

Responsibilities

• Collaborate with various teams to understand business objectives and contribute to strategic planning
• Participate in projects and assignments that align with the organisation’s goals and your career interests.
• Conduct thorough research and analysis on industry trends, market dynamics, and competitive landscapes to support decision-making processes
• Provide assistance in respective projects to ensure timely delivery of work
• Prepare clear and concise documentation, reports, and presentations summarising findings, and where appropriate, insights and recommendations, from various projects and analyses
• Apply critical thinking and problem-solving skills to identify issues, propose solutions and implement corrective measures to enhance efficiencies
• Communicate effectively with team members and stakeholders to ensure alignment and progress towards objectives
• Learn and apply industry best practices and stay updated with the latest trends
• Receive and respond to feedback constructively to improve performance and skills
• Demonstrate a commitment to continuous learning and professional development.

Application Closing Date
12th October, 2024.

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

Note: Applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.