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
Risk and Compliance Department is responsible for the end-to-end management and oversight of all categories of risk and governance in RMB Nigeria.
The risk function within the entity is not only an oversight function but is expected to get involved in the day-to-day functional reporting and management processes insofar as there are no conflicts of interest. This creates the opportunity for broad based integration into the business.
Responsibilities
The successful candidate will primarily be focused on providing operational support to the ORM in ensuring the overall operational risk objectives are met. This will include:
KRIs:
Monitor entity-wide compliance in terms of capture and approvals by due dates and escalate gaps appropriately to the ORM
Monitor and ensure all KRI breaches have requisite action plans in place.
Support the ORM with organizing KRI setting or review sessions with businesses.
PRCIA:
Support the ORM with organizing PRICA setting or review sessions with businesses
Monitor PRICA review calendar and prompt both the ORM and Businesses for reviews coming due reporting.
Prepare operational risk reports as may be assigned by the ORM or CRO
Ensure items that needed to be loaded on open pages such as loss events and PRCIA are promptly updated.
Others:
Take on assignments as directed by the ORM or CRO
Participate in governance meetings for OpRisk
Log all operational risk incidents on OpenPages
Ensure all OpRisk event logs are reviewed and approved within stipulated timeframes
Provide general administrative support in all OpRisk departmental activities
Qualifications and Experience
Candidates should have a relevant graduate degree and at least 2-5 years of work experience preferably having worked as an entry-level professional in investment banking, accounting, audit, management consulting, or related fields, and who is interested in working in a small team environment with a high degree of client contact.
Experience in MS-Excel financial modeling, including detailed income statement forecasting and scenario analysis, capital structure modeling and M&A modeling.
Competencies:
Personal
Analysis and Attention to Detail
Verbal and Written Communication
Problem Solving
Self-motivated to take on multiple tasks
Business:
Business Acumen
Organisational Awareness
Anticipating and Managing Change
Presentation and Facilitation
Functional:
Understanding of Operational Risk Management
Team player
Strong attention to details
Human Relations Profile:
Strong Character & integrity are paramount.
Self-confidence, with a pleasant personality
Well organized/good time management capabilities/disciplined/detail oriented
Self-starter able to work with minimal supervision.
Strong work ethic and ability to operate in a fast-growing environment
Flexible when necessary and ability to work effectively under pressure