Corporate Credit Analyst at Rand Merchant Bank (RMB)


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

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.Interact with clients.
  • 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.       

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

Key Competencies:
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 counterparty credit risk.    
  • Introducing risk mitigating measures as input to transactions in line with the risk philosophy of the Bank.    
  • 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.
  • 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.       

Human Relations Profile    

  • Strong character & integrity paramount.   
  • High degree of self-confidence; pleasant personality; well presented.    
  • 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.   
  • Well organized / good time management skills / disciplined/ detail orientated. 
  • Self-starter able to work with minimal supervision.    
  • Flexible when necessary and ability to work effectively under pressure.   

 

How to Apply
Interested and qualified candidates should:
Click here to apply

Application Deadline 17th October, 2024.