Credit Analyst Opening At Rand Merchant Bank (RMB)

 

Role Details

Application deadline: March 22, 2024

Job posted on: January 25, 2024

Work type: Full Time

Industry: Other

Overview

About the job

Background

RMB Nigeria, a leading force in Corporate and Investment Banking, distinguishes itself through its people who bring diverse backgrounds, fostering unique perspectives for solving challenges. Embracing an innovative, resilient, and can-do mindset, our team delves deeper and envisions further, unlocking distinctive opportunities for clients and society. We value a culture of sharing, honorable behavior, and seek individuals who embody intelligence, hard work, self-motivation, and a passion for both their work and RMB's success. In our non-hierarchical, entrepreneurial environment, we empower our people to think and act like owners, holding them accountable and rewarding exceptional performance.

Moreover, we actively support the recruitment and progression of individuals with disabilities, encouraging candidates to voluntarily disclose their disability information.

This information will be kept confidential unless legal requirements necessitate disclosure to other parties.

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:
• 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:

• 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:
• 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.
• 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

Why you should come work for us

At RMB we believe that exceptional performance is only possible with exceptional people. That’s why we create opportunities for smart, innovative and hard-working individuals to realise their potential and challenge the norm.

Perks/Compesation

.TBD-Base on Candidate Experience

About company

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. As the corporate and investment banking arm of FirstRand Bank Limited (which is wholly-owned by FirstRand Limited), RMB has access to a network of retail banks in 25 African countries, as well as branches and representative offices in Namibia, Botswana, Nigeria, Angola, Kenya, the UK, India, China and the Middle East. In the business of corporate and investment banking, it’s not just the thought, but the quality and inventiveness of the thinking that counts. Our ability to think differently, and our collaborative spirit is what sets us apart and enables us to deliver on our brand promise Traditional values. Innovative ideas. Making the most of Africa as an investment destination requires specialist skills, innovation and an entrepreneurial spirit. We have funded several projects and advised on a number of mergers and acquisitions in more than 35 African countries over the past decade. We are one of the biggest market makers in the South African financial market. Our innovative hedging solutions protect our clients against: interest rate, currency, liquidity, commodity, equity and credit risks.