Corporate Credit Analyst at Rand Merchant Bank

⏲ May 8, 2024, 7:55 AM
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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 are recruiting to fill the position below:

Job Title: Corporate Credit Analyst

Job ID.: R2256
Location: Lagos
Employment Type: Full time

Job Description

To provide quantitative and qualitative assessments of the current and forecast financial strength of a portfolio of corporate clients with the aim to identify portfolio related credit risks

Responsibilities
The successful candidate will have the following responsibilities:

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.
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.
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.
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 5 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.
Good understanding of financial instruments products (i.e., derivatives) and markets.
A good understanding of credit ratings, portfolio theory and credit pricing.
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.

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 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.
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.
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.