Ongoing 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 following positions below:

1.) Senior Institutional Sales Transactor

Job Location: Lagos
Employment Type: Full Time

Purpose

• To coordinate and direct RMBN’s objective in originating and delivering financial markets products & solutions to institutional clients such as Banks, Asset Managers, Pension Funds, Insurance Companies and DFIs.

Responsibilities
The successful candidate will have the following responsibilities:

• Offering a full spectrum of integrated capabilities to deliver leading market insight, solutions, and execution services to institutional clients across the following asset classes: foreign exchange, interest rate, credit, and commodities.
• End-to-end accountability for delivering and executing of Markets products and solutions to drive RMBN financial performance within the Nigerian Financial Market.
• Take ownership of the transaction/deal life cycle.
• Championing the visibility of RMBN Markets Division brand in the local and international markets.
• Identifying opportunities to originate structured deals, across all asset classes and for both external and internal clients, by remaining in touch with client needs and constraints.
• Drive the Markets Division Strategy for Institutional Client Group (ICG) and have accountability for the budgets. Institutional Client Group (“ICG”) is a business unit that is responsible and accountable for institutional clients within RMB.
• Contributes towards the evolution of RMBN’s Markets Sales business to position as best in class and thought leaders in the Nigerian Financial Market.
• Fosters strong internal and external networks across multiple business units to optimize the Markets growth strategy and distribution mandate of the Bank.
• Build and maintain strong working relationships with all stakeholders, displaying excellent abilities to initiate dialogue, listen, advise, influence, and negotiate to achieve win-win outcomes.
• Showing succession capabilities to lead a team and drive strategy formulation.

Qualifications and Experience
The ideal candidate must have:

• Degree in the relevant course
• ACI
• Masters/CFA will be an added advantage
• Minimum of 8 years of experience in financial services, preferably banking with a thorough knowledge and experience in fixed income, money markets, and foreign exchange. Structuring would be an advantage
• In compliance with the National Youth Service Corps (NYSC) Act of 2004, all applicants should ensure that they have completed the mandatory NYSC programme.
• A discharge certificate will be required as evidence of completion of the programme. Where an exemption has been granted, a certificate of exemption will be required.

Technical Skills and General Competencies:

• Deep Financial Markets expertise and broader solutions knowledge
• Good communication and interpersonal skills
• Knowledge of the relevant exchange control regulations
• Market and customer insights
• Strong decision maker
• Candidates must demonstrate a keen ‘solutions-driven’ mentality, self-assurance, and confidence.

Method of Application
Interested and qualified candidates should submit their Applications to: rmbn.recruitment@rmb.com.ng using the Job Position as the subject of the email.

 

 

2.) Admin Officer

Job Location: Lagos
Employment Type: Full Time

Purpose

• The administrative unit is responsible for supporting the administrative functions of the Bank.
• This position is responsible for smooth daily operations, managing administrative tasks, as well provide support to business units and staff as needed.
• The Bank Administration Officer plays a key role in operational support duties to ensure the efficient running of the bank's day-to-day facility management and janitorial service management.

Responsibilities
The successful candidate will be responsible for:

• Develop and implement maintenance programs, schedules, and procedures to ensure the proper functioning and upkeep of the facility including mechanical, electrical, and general infrastructure.
• Planning and coordinating all installations and refurbishments
• Coordinate and supervise maintenance staff, contractors, and vendors to ensure work is completed efficiently and in compliance with the policy of the bank.
• Develop and implement space management strategies to optimize the utilization of the facility.
• Implement and promote sustainable practices within the facility including energy efficiency, waste reduction, recycling, and green initiatives.
• Collaborate with different business units to ensure smooth workflow and address operational issues effectively.
• Coordinate with Business Technology and other support areas to resolve operational and technical issues.
• Respond and clear queries/enquiries in a timely manner.
• Conduct regular inspections to identify maintenance, safety hazards, and required repairs.
• Deliver excellent service against agreed service standards, delivery standards, and minimal error rates as appropriate.
• Monitor and analyze inventory levels to ensure optimal levels are maintained while minimizing excess and obsolete inventory.
• Manage day-to-day fleet operations, including vehicle assignment, scheduling, fueling, and maintenance to ensure availability and reliability of vehicles for the bank’s operations.
• Implement and maintain the organization’s health and safety policies and procedures, ensuring compliance.
• Co-ordinate and implement effective emergency procedures in the bank including fire drills, evacuation procedures, raising awareness and accounting for all staff at muster points.

Compliance:

• Awareness and understanding of the regulatory framework in which the Group operates, and the regulatory requirements and expectations relevant to the role.
• Proactively manage risks and establish/monitor controls to improve the overall state of the risk management and operating framework.
• Ensure compliance with health and safety regulations and standards to maintain a safe and secure working environment.

Reporting:

• Prepare and distribute internal reports as needed to support the decision-making process.

Governance:

• Undertake periodic self-assessments on key controls to assess the proper functioning and adequacy of existing controls.
• Highlight significant issues/errors to the Head of Operations.
• Regulatory compliance refers to compliance with all regulatory agencies, including but not limited to the CBN, FIRS, and South African Reserve Bank (“SARB”).

Qualifications and Experience

• Minimum of 3 years of experience in an Administration role, preferably in a financial institution.
• Experience in occupational health and safety will be an added advantage.

Technical Skills:

• Proficient in MS Office
• Organizational and project management skills
• Knowledge of CBN banking regulations (including foreign exchange regulations), SEC regulations, and any other regulations about banks and financial services companies
• Knowledge of the workings of the banking operations including customer service, document control and compliance
• A good understanding of typical merchant banking transactions, especially fixed-income and foreign exchange trading, trade finance, structured lending, and corporate finance

General:

• Good judgment and decision-making skills
• High levels of numeracy and literacy are essential.
• Strong interpersonal skills, and
• Listening, analysis, and debating skills
• Attention to detail with strong problem-solving skills.
• A high level of pragmatism tempered with the strength to stand firm where necessary. Able to deal with criticism.

Human Relations Profile:

• Strong character & integrity paramount.
• High degree of self-confidence; pleasant personality; well-presented
• Flexible when necessary
• Ability to work under pressure.
• A strong communicator who is deadline and solutions driven.
• Well organized / good time management skills / disciplined/ detail orientated.
• Self-starter able to work with minimal supervision.
• Team oriented.
• Strong work ethic and ability to operate in a fast-changing environment (building a business).
• Able to work as part of a highly innovative and competitive team, meeting demanding deadlines.
• A high degree of professionalism and business acumen.

Method of Application
Interested and qualified candidates should submit their Applications to: rmbn.recruitment@rmb.com.ng using the Job Position as the subject of the email.

 

 

3.)Trade and Payment Specialist

Job Location: Lagos
Employment Type: Full Time

Purpose

• Service a portfolio of clients through the processing of various Traditional Trade and Cross Border payment products including the resolution of queries and requests originating from both internal and external clients.
• Provide sales support to the RMBN coverage and Global Markets sales teams.

Responsibilities
The successful candidate will be responsible for:

• End-to-end processing of all domestic and relevant cross-border and local payments, and all transactions on Letters of Credit, Foreign Documentary Bills for Collection, Local and Foreign Guarantees
• Compliance with all applicable procedures, rules, laws and regulations
• Ensuring that functions are administered as per laid down Audit requirements.
• Communicating and explaining transactions clearly and coherently to both internal and external clients
• Providing process assistance and resolution of queries to internal and external clients
• Meeting specific performance and team targets
• Daily filing and diarizing
• Interpreting, understanding, and acting in terms of the customers’/banks’ instructions.
• Identifying potential risk areas for both the customer and the bank and to recommend alternatives.
• Ensuring that transactions are transacted in accordance with regulatory guidelines.
• Ongoing evaluation and improvement of turnaround times and ensuring process efficiency levels.
• Taking personal responsibility for personal up-skilling and further development
• Identifying cross-selling opportunities
• Formulation of innovative solutions
• Outstanding level of service provided to customers/branches and other business units.
• Supporting the Markets and Coverage sales teams with on-client-site product sales
• Providing support to the COO and undertaking any additional duties as may be required.

Education and Qualification

• The successful candidate should have at the minimum, a Bachelor's Degree in Banking, Finance, Accounting, Computer Science, Engineering, or a related discipline.
• A master’s degree would be an added advantage.

Experience:

• Minimum of 5 years of experience and proven track record in Traditional Trade, domestic, and cross-border payments environment.
• Detailed understanding of the Nigerian Banking Industry

Professional Qualification:

• CDCS Certification.
• CIBN certification would also be an advantage

Technical Skills and Competencies:

• Thorough understanding of the application of different trade financing options and settlement available
• Knowledge and understanding of foreign exchange, exchange control, credit aspects (liabilities exposure), mandates, SWIFT formats, Nostro accounts, Swift RMA Knowledge and understanding of the local settlement environment
• SWIFT and the associated formats, inclusive of the 100, 200, 400, 700, 900 and n series SWIFT RMA
• A thorough understanding of Nostro accounts must be displayed. In addition, thereto, sound reconciliation principles are to be adhered to in the clearing of outstanding Nostro items. This includes the query process in house, to clients and to Nostro correspondent and RMA customers
• Understanding and application of the principles of the various ICC publications, UCP 600, URC 522, ISBP 2007, URDG 758, URR 725 and Incoterms 2010
• Thorough working knowledge of the rules and international laws governing trade and the legal implication thereof on the business
• Knowledge of: Foreign exchange
• Nigerian exchange controls i.e. Import and export forms, duty and vat payments, etc
• Credit aspects including liabilities and exposure Mandate management
• Comprehensive computer skills and working knowledge of MS Office
• Thorough understanding of country and bank risk

Competencies:

• Excellent written and oral communication
• Interpersonal skills and ability to network within an organization
• Analytical and problem-solving skills
• Information analysis and management
• Ability to work under pressure
• Ability to engage customers in selling trade propositions
• Multi-tasking skills
• Effective time management skills
• Customer focus (internal and external customers)

Attributes:

• Expertise: The ability to apply, maintain, and develop professional and technical knowledge to develop higher quality solutions and add increasing value to the business, as well as sharing knowledge and experience with others.
• Analytical thinking: The ability to speedily absorb and analyze information and data, and identify problems, patterns, trends, causes, and corrections.
• Teamwork: Acts to build team spirit and morale, improves team effectiveness by encouraging the team to work toward a common goal, resolves conflict in the team, and promotes the team to other areas of the business.
• Initiative: The desire to take initiative, do more than is expected or required in the job, and endeavoring to improve or enhance job results, avoid problems, and find or create new opportunities
• Customer service orientation (internal and external): Seeks to exceed customer expectations and makes efforts to add value by identifying and addressing underlying needs. Takes personal responsibility for delivering customer solutions, and makes self fully available, especially in difficult periods.
• Achievement Driven: Sets and works to meet challenging goals, where there is a definite stretch, but the goal is not unrealistic. Targets are specific and measurable.
• Self-confidence: The confidence to weigh up a situation and make a quick, clear decision or judgment against a background of uncertainty or lack of information. Belief in one’s own capability to take on challenging tasks and assignments.

Method of Application
Interested and qualified candidates should submit their Applications to: rmbn.recruitment@rmb.com.ng using the Job Position as the subject of the email.

 

 

4.) Application Developer

Job Location: Lagos
Employment Type: Full Time

Purpose

• The Application Specialist is responsible for designing and developing functional software solutions for the bank.
• The candidate would work with various business units in the organization to understand and analyze their requirements and collaborate with various technical teams across the FirstRand Group to design and implement solutions to meet the needs of the business. 
• The ideal candidate will have hands-on experience in software development, project management, database design and enterprise architecture.
• The goal of the application specialist is to deliver high-quality software solutions that is aligned with user needs and business goals. 
• The role is based in Lagos, Nigeria and reports to the Head of Business Technology of RMB Nigeria.

Responsibilities
The successful candidate will be responsible for:
Strategic Perspective:

• Participating in strategic decisions about technology, definition, and implementation of RMBN’s bespoke software projects for business enablement, service & process transformation and cost efficiency 
• Working together with various teams in South Africa and Nigeria to develop software applications and specialized financial and management reports to meet regulatory and business requirements. 
• Working together with the RMB Technology teams to plan and execute projects, ensuring that the business teams have the appropriate product and technical specifications, direction and resources to deliver products effectively 
• Providing software development plans that meet the future needs of RMBN’s clients and markets, technologies for productivity and process improvements. 

Operations:

• Performing software design and development based on the customer’s requirement and producing design documents 
• Liaising with stakeholders to determine integration points and interaction for software components 
• Implementing & supporting core banking, peripheral, electronic channels and specialized applications 
• Developing and maintaining integrated programs to protect the integrity, confidentiality and availability of customer’s information resources 
• Attending to requests concerning code reviews and writing codes for application functionality 
• Reviewing current software properties to identify areas for optimization and executing the optimization process 
• Supervising the entire life cycle of bespoke software products to ensure they conform with applicable standards 
• Working with incident managers to resolve production problems 
• Influencing and complying with regulatory requirements to ensure that the RMBN system produces reports in compliance with both Group and in country regulatory requirements
• Delivering and managing of technology projects and solution life cycle within budget and set time frames 
• Ensuring application security, best practice, and regulatory compliance for software solutions
• Responding to issues from internal and external customers; ensuring the integrity of applications developed and the satisfaction of customers 
• Evolving and updating the existing software system applications and architecture in various areas as needed 

Effective internal and external stakeholder relationship management:

• Build and maintain strong working relationships with all stakeholders, displaying excellent abilities to initiate dialogue and listen, advise, influence and negotiate 
• Initiate meetings with key stakeholders to track progress, manage expectations and ensure stakeholders’ needs are met 
• Document and demonstrate solutions by developing documentation, flowcharts, layouts, diagrams, charts, code comments and clear code 
• Demonstrate focus on RMBN’s clients with the deployment of software upgrades, enhancements and fixes that are coordinated based on targeted release schedules 
• Oversee code review by ensuring that peer codes are checked for errors and anti-patterns 
• Proactively communicate and share information and encourage discussion and debate (share successes and highlight challenges) 
• Provide engineering support when building, deploying, configuring and supporting systems for customers 
• Actively participate in the release of products according to stipulated timelines 
• Ensure compliance with RMB development processes 

Effective teamwork, self-management, and alignment with group values:

• Continually drive RMB’s values
• Follow through to ensure that personal quality and productivity standards are consistently and accurately maintained
• Maintain a positive attitude and respond openly to feedback 
• Continually share, debate and communicate learnings
• Make an effort to stay relevant and up to date with legislation, new developments etc.
• Take ownership and accountability for tasks and activities and demonstrate effective self-management
• Be proactive in anticipating potential problems and continually monitor progress to ensure small details are not missed.

Qualifications and Experience

• The successful candidate should have at the minimum, a Bachelor's Degree in Computer Science / Electrical/ Electronic Engineering / Applied physics or a related discipline. 
• Relevant certification such as ITIL (Information Technology Infrastructure Library), MCP (Microsoft Certified Professional)/ MCTS (Microsoft Certified Technology Specialist)/MCITP (Microsoft Certified IT Professional), OCA (Oracle Certified Associate), OCP (Oracle Certified Professional)

Experience:

• Minimum of seven (7) years of experience in a similar role and relevant industry with at least 5 years in application development & management and financial reporting
• A Master’s Degree will be an advantage
• Strong knowledge of core banking systems
• Ability to negotiate and influence across all levels including senior stakeholders

Technical Skills and Competences:

• Extensive experience in software development, scripting and data modelling
• Knowledge of C# and Java programming languages. Knowledge of Python, JavaScript, PowerShell, and BASH would be an advantage
• High performance and secure development
• Familiarity with Linux and Windows Operating environments
• In-depth knowledge of relational databases (Oracle, MSSQL PostgreSQL & MySQL) and NoSQL
• databases (e.g. MongoDB)
• Reporting (Power BI, crystal reports)
• Familiarity with project management tools (JIRA)

Competencies:

• Customer focus (internal and external customers
• Interpersonal skills and ability to network within an organization
• Analytical and problem-solving skills
• Information analysis and management
• Good Communication
• Proactivity
• Flexibility

Method of Application
Interested and qualified candidates should submit their Applications to: rmbn.recruitment@rmb.com.ng using the Position as the subject of the email.

 

 

5.) Credit Analyst

Job Location: Lagos
Employment Type: Full Time

Purpose

• An opportunity is available for a Credit Analyst in RMB Nigeria to report to the Head of Credit

Responsibilities
The successful candidate will have the following 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:
• 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.
• 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.
• 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
The ideal candidate must have:

• 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 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:
General

• Ability to quickly gain proficiency in the following areas:
• 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.
• Develop an in-depth knowledge of specific operating environments (i.e., country, industry, regulatory
• 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.
• 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.
• 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).
• Self-starter able to work with minimal supervision.
• Flexible when necessary and ability to work effectively under pressure.
• Ability to work with a team and/or independently.

Method of Application 
Interested and qualified candidates should submit their Applications to: rmbn.recruitment@rmb.com.ng using the Position as the subject of the email.