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 structure the most appropriate financing solutions to meet the needs of our clients, whether for project finance, on-balance sheet lending or a combination thereof. 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.
We are a proud African corporate and investment bank with an extensive deal footprint across more than 35 African countries. RMB has funded several infrastructure and resource finance projects, mergers and acquisitions, and infrastructure developments in many African countries over the past decade.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.