Senior FI and NBFI Credit Analyst at Rand Merchant Bank (RMB) – Lagos, Nigeria

February 2, 2024
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Job Description

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.

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, where necessary.
  • Analyzing 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 portfolio monitoring and management, including 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 years of 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 and understanding of business, industry and the macroeconomic 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, Basel 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 and legal risk) and how it could impact the risk profile of the counterparty and specific transactions.
  • Develop an in-depth knowledge of specific sectors and clients as part of an industry-specific research team.
  • Ability to assess financial transactions, which include derivatives and other product structures in order to identify credit and other risks pertaining to vanilla and exotic derivative structures.
  • Ability to identify transaction-specific risks including credit, taxation, accounting, legal and exchange control pertaining to transactions.
  • Ability to assess counterparty credit risk.
  • Ability to introduce risk-mitigating measures as input into transactions in line with the risk philosophy of the Bank.
  • Have a good understanding of the Bank’s credit risk appetite, credit grading and credit pricing models.
  • Possess 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 and integrity are 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, with the ability to work effectively under pressure.
  • Strong work ethic and ability 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.

Method of Application
Interested and qualified candidates should submit their Applications to: [email protected] using the Job Title as the subject of the mail.