Company Info
Large organization
200 + Employees
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.
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.
1). Intern
Job Requisition ID: R31046
Location: Lagos
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
27th March, 2025.
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2). Corporate Credit Analyst
Job Requisition ID: R26680
Location: Lagos
Job type: Full time
Responsibilities
The successful candidate will:
- 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 and Experience
- A tertiary education with a financial background, with a minimum Second-Class Upper division or equivalent.
- At least five 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 macroeconomic 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:
- 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
28th March, 2025.
How to Apply: Interested and qualified candidates should use the links below to apply:
