Company Info
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). Corporate Finance Transactor
Job Requisition ID: R23404
Location: Lagos
Job type: Full-time
Job Description
- The role involves the origination, structuring, and management of a portfolio of investment banking clients, relationships, and transactions.
- The successful candidate will oversee the entire transaction lifecycle, from origination and implementation to closure, ensuring that client transactional requirements as outlined in mandates and legal agreements are fully implemented and adhered to.
- The candidate will be actively involved in the deal origination and structuring processes, while also participating in the implementation of transactions within their allocated sector or product.
- This will drive improved profitability, market share, and enhance the firm’s competitive positioning.
- Key to success in this role will be the ability to add value to client transactions through innovation, subject-matter expertise, and lateral thinking, ensuring that all mandates align with the Bank’s standards and regulatory compliance.
Responsibilities
The successful candidate will be responsible for:
- Support the execution of the strategy for Corporate Finance in Nigeria in partnership with broader Corporate Finance leadership;
- Lead and mentor a team of junior bankers in analyzing operations, business plans, and financial forecasts to support M&A, capital raising, and equity capital market transactions;
- Review and assess detailed financial statements, related reports, and drafts to prepare financial documentation relating to a range of sophisticated and complex investment banking transactions involving numerous parties
- Review and assess financial statements and reports to prepare comprehensive documentation for complex investment banking deals involving multiple stakeholders
- Advise clients on strategic options, market positioning, and industry trends, providing insights for decision-making
- Co-ordinate with the wider RMB’s South African and regional teams on an ongoing basis to drive CFD origination and execution efforts
- Drive the execution of mandates in line with RMB standards;
- Build and promote the RMB brand in the Nigerian market; particularly in the Corporate Advisory context;
- Conduct his/ her business in a manner that is consistent with the RMB leadership brand;
- Able to add value to transactions for the benefit of RMB and/or the client through knowledge of the subject, innovation and lateral thinking.
- Have a good understanding of the evolving regulatory landscape and how this impacts potential transactions in Nigeria.
- Able to add value to the implementation of transactions through an understanding of valuation, the Companies Act and relevant regulatory authority rules and regulations.
Qualifications And Experience
- Suitable business qualification and an MBA from an accredited institution/ CFA would be preferred;
- More than 6 years of relevant experience in a financial or corporate and investment banking environment.
- Ideally 3-4 years of relevant corporate finance/transaction advisory / private equity experience.
- Ability to think laterally, innovate and add value for RMB and client.
- Excellent communication skills – both written and spoken.
- Must understand the theories and practices of company valuations, reviewing and building financial models, presentation skills and undertaking complex statistical analysis.
- A strong track record of achievement in previous work experience.
- Good level of social and interpersonal skills, professional, passionate, ambitious and able to demonstrate a high level of integrity
- Candidate must be a self-starter, willing to work in a multicultural environment and be able to think and act well under pressure.
- Candidate must be willing to learn with a strong desire to succeed.
Application Closing Date
18th June, 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
27th June, 2025.
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3). Senior Corporate Credit Analyst
Job Requisition ID: R35428
Location: Lagos
Job type: Full-time
Job Description
- The essence of this role is to strengthen the credit department and its processes and enhance corporate velocity.
- The Senior Credit Analyst will be responsible for a portfolio of Corporate Clients and Trade/Commodity Finance exposures, typically across all major industries of focus for RMB Nigeria.
- He/she will assist the HOC in the day-to-day running of the department and execution of the RMB credit philosophy, as well as take on the responsibility for the development of other Credit Analysts in the team.
Responsibilities
The successful candidate will have the following responsibilities:
- A good understanding of RMB’s credit philosophy and processes
- A strong understanding of the Bank’s credit risk appetite, credit grading, and credit pricing models
- A good understanding of the respective businesses of counterparties operating in the various industries of interest to RMB Nigeria
- Identify transaction-specific risks, including structure, credit, taxation, accounting, currency, and legal
- Introduce risk-mitigating measures as input to structure transactions in line with the risk philosophy of FirstRand Bank
- Keeping up to date with news and events that might affect the Bank, various industries, as well as individual counterparties and portfolios of focus for RMB Nigeria
- Keeping up to date with trends in the lending environment, particularly as they relate to corporate lending
- A general understanding of trends in the global lending market to provide input into the bank-wide lending policy development process
- Assisting with credit portfolio management and monitoring, including day-to-day administration, portfolio reporting (monthly & quarterly), and implementing collection strategies as may be required
- Review and provide input in terms of the credit reports of other Analysts before the final submission to Credit Committees
- Assist HOC with the generation and presentation of Board and Executive Management reports
- Assist with strategic decision-making and management for the credit team as a whole
- Assist with Credit input into the annual ICAAP exercise
Qualifications and Experience
The ideal candidate must have:
- An Undergraduate Degree in a relevant discipline
- At least 10 years of relevant working experience within a core credit (lending or consulting) environment
- Prior experience in Credit (preferably as a Financial/Credit Analyst or within a Credit Rating Agency) will be an added advantage
- A relevant professional qualification (ICAN, ACCA, CFA, etc) or a graduate degree will be an added advantage.
Competency and General Skills:
Technical Skills:
- General knowledge of practical economics relating to business, industry, and the Nigerian macroeconomic environment
- Good understanding of financial instruments and banking products
- Good understanding of the BCBS requirements as relate to lending and credit
- High level of numeracy, and a strong ability to interrogate data
- Proficient in the use of spreadsheets, databases, and word-processing applications
- Strong communication, writing, and presentation skills, with an ability to debate issues effectively, and convincingly
- Ability to analyze company financial statements and assess financial instruments
- Must possess good leadership and strong interpersonal skills
Key Competencies:
- Result-oriented and driven – A self-starter who produces a consistently high quality of output within agreed deadlines. Prompt and proactive in driving for results and must have a problem-solving aptitude.
- Creative / Innovative – Must possess the ability to identify and initiate more efficient ways of doing things
- Detail – Must possess a strong level of attention to detail and be well organized.
- Must also possess the ability to process and work with large volumes of data.
- Good communication skills – Must possess the ability to communicate and debate views effectively, constructively, and convincingly using verbal and non-verbal means.
- Relationship-building capability – Must possess the ability to put people at ease and build sound relationships based on mutual trust and openness.
- Strong character & integrity are paramount
- Self-confidence with a pleasant personality and well-presented
- Well organized / good time management capabilities / disciplined / detail detail-oriented
- A good communicator (i.e. verbal and written) who is deadline and solutions driven
- Self-starter able to work with minimal supervision
- Strong work ethic and ability to operate in a fast-growing environment
- Flexible when necessary and able to work effectively under pressure
- Team-oriented.
Application Closing Date
27th June, 2025.
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4). Custody Services Head
Job Requisition ID: R35422
Location: Lagos
Job type: Full-time
Job Description
- The Head of Custody Services remains accountable and responsible for developing and implementing the organization’s strategy and end-state vision for the Custody team.
- To drive the Custody team to ensure timely execution of all strategic plans as it pertains to Custody and ancillary solutions, whilst ensuring that budget requirements are met.
- Responsible for instilling a culture of operational excellence and simultaneously ensuring improved product capabilities with ongoing process efficiency and adherence to all operational practices, regulatory requirements, and governance processes.
Key Roles and Responsibilities
Strategy and Financial Management:
- Formulate a strategy for the Custody team and ensure successful implementation thereof
- Ownership and accountability for driving the strategic plans and ensuring successful implementation thereof, with the right levels of priorities assigned to strategic tasks
- Management of the entire suite of Global Securities Solutions (GSS), including direct custody, global custody, futures clearing solutions, funds services, prime finance, and fiduciary services
- Insightful analysis of industry developments, market changes and competitor offerings to identify threats and opportunities, assess potential impact on clients and offer appropriate and innovative product solutions
- Continuous review of existing products; ensures maintenance of up-to-date product documentation and high-quality collateral
- Extensive client interaction (within the overall client management strategy) to stay abreast of client agenda and thinking, to explain the impact of market changes and to lead solution discussions
- Accurate financial forecasting for budgetary and strategic business purposes Drives market advocacy process through ensuring active participation in local industry forums, work groups, and regulatory committees
- Establishment and implementation of an effective channel management strategy to support custody and broader GSS products
- Establish and maintain excellent working relationships and collaborations within Custody, Global Markets, the RMBN, and the broader RMB/First Rand Bank Group
- Attract and retain knowledgeable individuals who will add value to the Custody business and ensure ongoing up-skilling of individuals to ensure personal growth and development for the benefit of the Custody business, Global Markets, RMBN, GSS, and broader RMB/First Rand Bank Group
- Seek to adopt and support best practices wherever feasible in line with local and international standards
- Prepare and present accurate and meaningful information at executive levels within the organization, whilst ensuring that such information is an adequate representation of the current events transpiring within custody
- Build a high-performance culture within the team to support the strategic initiatives to provide service excellence that will differentiate RMBN in the market Active participation at all industry forums with proactive feedback to clients and other stakeholders in terms of the impact of such market initiatives Provide support to other business and functional areas in achieving their key organizational objectives in the collective interest of the Bank and Group
Business:
- Closely monitor market developments and competitor activity; maintains close contact with country and global product teams, assesses potential impact on clients and custody business locally/internationally and identifies appropriate action where necessary
- Job scope covers the whole range of custody services, including other GSS products
- Periodically reviews products to ensure profitability requirements and expectations continue to be met
- Co-ordinate activities across the region to minimize overlap and maximize sharing and re-use of solutions
- Manage relationships with functions such as Trading & Execution, Markets Sales & Structuring, Corporate Transaction Banking, Central Operations, Business Technology, Risk, Credit, Compliance, Legal, Finance etc as they impact the evolution of the custody product suite locally
Risk Management:
- Product risks are identified and managed effectively
- Takes responsibility for identifying, assessing, monitoring, controlling and mitigating risk.
Leadership:
- Actively strive to build team camaraderie within Custody business/operations, Global Markets, RMBN, GSS, and broader RMB/First Rand Bank Group
- Keep open lines of communication with all Custody staff and provide ongoing feedback where relevant to ensure alignment between management and staff at all times
- Foster a culture of high performance and operational excellence within the Custody team
- Encourage and mentor teams to build steadfast relationships with all stakeholders, internal and external to the Custody environment / RMBN
- Set well-defined job objectives for the Custody team and ensure that they are well versed with the strategic intent of the Custody business, allowing them to participate in the execution of the strategic objectives
Governance:
- Ensure ongoing adherence to all legislations, regulatory requirements and risk and compliance matters to avoid control breaches or non-adherence to such requirements
Qualifications
- Candidates should possess a B.Sc. in Economics, Accounting and Finance or any finance or social science related courses with a minimum of second-class upper division.
- At least 10 years’ experience in banking with extensive securities services or financial services or a similar environment exposure, and no less than 5 years in management/leadership position
Experience:
- A proven track record of experience in securities services or financial services (5-10 years)
- Advantageous to have an understanding and working experience of banking regulations, financial accounting, payment, credit risk, process mapping & reengineering, sales and treasury products.
General:
- Good judgment and decision-making skills
- Strong interpersonal and inspirational skills
- Listening, analysis and negotiating skills
- A strong communicator who is deadline and solutions driven.
- Ability to excel within tight deadlines and across multiple dependencies
Human Relations Profile:
- Strong character & integrity is paramount
- High degree of self-confidence; pleasant personality; well presented
- Well organized / good time management skills / disciplined/ detail detail-oriented
- Self-starter, able to work with minimal supervision
- Excellent problem-solving/solutionist skills with a “can do” attitude
- Excellent team building and interpersonal skills
- Flexible when necessary
- Strong work ethic and able to operate in a fast-changing environment (driving aggressive growth).
Application Closing Date
27th June, 2025.
How to Apply: Interested and qualified candidates should use the links below to apply:
