Latest Jobs at Rand Merchant Bank

Purpose:

RMB Nigeria is looking to appoint a Channels and Implementation Officer that will support all Transactional banking activities within the TXB business and support functions for the DTS Business unit. Actively cross-sell and drive client engagement within the RMB Banking division segment to achieve transaction banking revenue goals.

Responsibilities:

Contribute to the attainment of the TXB budget by providing enhanced support by:

• Monitoring and sending out daily and weekly liabilities movements summary    

• Track and send weekly transaction banking report to stakeholders    

• Track and monitor TXB – Fixed Deposit product and reconcile fees monthly with GTSY & Finance  

• Carry out financial analysis of all related deposit revenue lines and to aid weekly/ monthly liability projections.   

• Working with the team members to collate EXCO, Board and Year end Strategy reports.   

• Responsible for formal communication to clients with adequate maintenance of all clients TXB pricing records.   

• Assisting with the deployment steps in achieving route to market strategies in deployment of new products via presentations and trainings for staff/ clients.  

• Contribute to the TXB sales effort to convert existing and acquire new clients to become transactional 

• banking clients of the bank. 

• Join the Sales Reps for calls with relations to technical issues    

• Participate in the weekly TXB meetings    

• Research and preparation of PowerPoint presentations to pitch TXB products for new and existing clients.    

• Preparation of pre-call briefs reading materials ahead of client calls with bank EXCO in attendance.     

• Active participation in the new TXB client onboarding/acquisition strategy through the following TXB.

Product management activities:    

• Research i.e Working with data inputs e.g. MIS activity, and sales pipeline reporting to develop peer-to-peer analyst reports/ presentations to aid TXB FINTECH and Digital channel adoption strategy/ initiatives    
• Assist in preparing, driving, and closing NPA and DCF deliverables    
• Track transaction banking TXB product/ project deliverables managing dependencies and timelines    
• Assist in drafting new products or existing product enhancement business cases, business requirement specifications (BRS) for RMBN Online.   
• TXB Services & Implementation Support    
• Have a good understanding and display an in-depth knowledge of relevant systems that support TXB business/client activities and interdependencies between these systems.    
• Assist in the onboarding, training, and handholding of clients on RMB Online    
• Tracking and monitoring channel throughput – volumes & values    
• Engaging dormant Corporate channel clients to identify causes of inactivity and raise these with the Senior Transactors for intervention.    
• Client issue management process – Provide 2nd level support to address or review client issues.   
• Team support & Business continuity plans    
• Act as a backup for TXB team members during out of office periods such as training or leave. 

Qualifications and Experience:

The successful candidate should have a relevant degree qualification with at least 7 years relevant working  experience in financial services 

• Demonstrated knowledge and experience of Fixed Deposit product  
• A Master's Degree and/or a Professional Qualification will be an added advantage.  

Technical Skills:

• Strong analytical skills. 
• Knowledge of the relevant exchange control regulations. 
• Proficiency in the use of Excel & Power point    
• Strong verbal and written communication. 
• Human Relations Profile 
• Ability to manage a team to deliver on their objectives. 
• Ability to strike and maintain good relationships. 
• Strong character and integrity. 
• Team oriented. 
• Has a client-focused approach to the job. 
• Organized and detail oriented. 
• Self-starter, able to work with minimal supervision 
• Excellent problem-solving skills with a “can do” attitude 
• Flexible when necessary  
• Strong work ethic and able to operate in a dynamic environment 

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Job Description

The Finance Manager will carry-out end-to-end financial (regulatory, management, statutory) and risk reporting. The role includes implementing and enhancing the accounting workflow systems and processes within business while ensuring financial controls and procedures are followed and adhered to for various internal and external stakeholders. In addition, compiling statutory, regulatory and management reporting for the Bank. This role will suit an individual who has excellent analytical, critical thinking, interpersonal skills, and a proven track record in establishing and leading highly efficient financial solutions.

Responsibilities:

The successful candidate will be responsible for:

• Oversee the day-to-day Finance operations, including general ledger management for the bank and ensure timely recording of financial transactions including journal entries, period-end journals, and reconciliations.
• Responsible for the preparation of the Bank’s timely financial results and coordinate the consolidation of Financial results for multiple Business Units of the Bank 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 FINA as required by CBN.
• Act as the Business partner for the Treasury business unit liaising with Treasury operations, budget performance monitoring, developing forecast and analyzing variances and other finance related matter for the department.
• Active participation in the budget process and forecast preparations on a periodic basis including analysis and monitoring adherence to the approved budget in line with the group requirements.
• Preparation of all periodic regulatory reports to CBN, SEC and NDIC; 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 banking 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 Business Units and key Business Enablement functions across the Bank to 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.

Qualifications and Experience:

• The successful candidate should be a qualified Chartered Accountant with at least 10years 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 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.

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Job Description

RMB Nigeria is looking to appoint a Transactor within the TTS team. The individual must be an entrepreneurial self-starter who has the energy and passion to develop RMB’s TTS business. The successful candidate will be required to provide support to the trade finance and working capital solutions to clients based in Nigeria

Responsibilities:

The successful candidate will be responsible for: 

• Responsible for implementing the set strategy and budget numbers for the product set, in conjunction with the head of TTS.
• maintaining existing client/partner relationships, in conjunction with the Coverage team to ensure profitable Treasury and Trade Solutions  
• Managing the trade and working capital portfolio from reporting, Credit Approval, deal implementation, and closure.
• Assist with the origination, structuring, and implementation process around bespoke lending, and trade finance.
• Drafting detailed deal screen memos, including fundamental financial analysis and models and independent research using a variety of data sources
• Conducting debt capacity analysis as well as putting together pitches and proposals and executing them Participating in discussions with management regarding bespoke deal structuring
• Managing the transaction execution process for multiple ongoing deals
• Close transactions by obtaining the relevant internal approvals for the transaction and leading or actively participating in the successful conclusion of negotiations.
• Rating and pricing structured trade finance transactions and term funding according to a formalized Credit Rating Methodology, with assistance from the Structuring team.
• Identifying transaction-specific risks including credit, compliance, taxation, accounting, and legal.
• Manage the credit approval process in conjunction with Client Coverage
• Building on the existing strong relationships with the Credit and Market Risk teams, Legal and Compliance functions, and Middle and Back-office areas.

Other:

• Cross-selling of bank products/opportunities to its clients
• Internal stakeholder relationship management

Qualifications and Experience:

• B.Sc. in Economics, Accounting, and Finance or any finance or social science-related courses with a minimum of Second-Class Lower division. 
• At least 6 years of experience in banking, working with Lending & and trade solution products in Nigeria. Other African experiences are also advantageous.

Technical Skills:

• Strong financial modeling skills 
• Strong analytical, numerical, and writing skills. 
• Proficient in the use of Excel to prepare spreadsheets and other modeling tools for generating reports logically.
• Proficient in the use of PowerPoint and strong presentation skills 
• Good understanding of Credit 
• Advanced level product/processes knowledge 

General:

• Good judgment and decision-making skills 
• High levels of numeracy and literacy are essential  
• Strong interpersonal skills, and  
• Listening, analysis, and debating skills 

Business Skills:

• Excellent report-writing skills 
• Ability to critically assess the commercial viability of clients’ business models and operations, identifying viable lending/financing opportunities. 
• Ability to originate, critically assess, develop, and close structured trade and commodity finance transactions. 
• Ability to analyze company financial statements, interpret corporate credit quality, and identify and quantify business and financial risks from a lending/credit perspective. 
• A passion for structured lending and investment banking generally, commodity markets, and structured (trade) finance specifically. 
• A general understanding of a variety of financial derivative products and instruments will be a distinct advantage.  
• A good understanding of corporate credit ratings, portfolio theory, and credit pricing will be a distinct advantage. 
• Effectively prioritizing and managing heavy workload in a fast-paced, deadline-oriented environment. 
• Creating new trading strategies and improving the existing ones to cope with changing market scenarios. 
• Comprehensive understanding of industry regulations & and all other regulatory requirements. 

Additional competencies (will serve as a strong recommendation) 

• Post-graduate studies/qualifications in banking, finance / financial markets   
• Proven experience in structuring and implementing working capital and supply chain solutions for clients 
• A sound understanding of forex markets will be beneficial.  
• Existing strong Nigerian Corporate relationships 
• Existing STCF experience  

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 
• Team oriented 
• Flexible when necessary  
• Ability to work under pressure 
• A strong communicator who is deadline and solutions-driven.  
• 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