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: Trade and Working Capital Transactor
Job Requisition ID: R13961
Location: Lagos
Job type: Full time
Purpose
- RMB Nigeria is looking to appoint a Transactor within the TTS team. The individual must be an entrepreneurial self-starter who has the energy and passion to develop RMB’s TTS business.
- The successful candidate will be required to provide support to the trade finance and working capital solutions to clients based in Nigeria
Responsibilities
The successful candidate will be responsible for:
- Responsible for implementing the set strategy and budget numbers for the product set, in conjunction with the head of TTS.
- maintaining existing client/partner relationships, in conjunction with the Coverage team to ensure profitable Treasury and Trade Solutions
- Managing the trade and working capital portfolio from reporting, Credit Approval, deal implementation, and closure.
- Assist with the origination, structuring, and implementation process around bespoke lending, and trade finance.
- Rating and pricing structured trade finance transactions and term funding according to a formalized Credit Rating Methodology, with assistance from the Structuring team.
- Identifying transaction-specific risks including credit, compliance, taxation, accounting, and legal.
- Manage the credit approval process in conjunction with Client Coverage
- Building on the existing strong relationships with the Credit and Market Risk teams, Legal and Compliance functions, and Middle and Back-office areas.
- Drafting detailed deal screen memos, including fundamental financial analysis and models and independent research using a variety of data sources
- Conducting debt capacity analysis as well as putting together pitches and proposals and executing them Participating in discussions with management regarding bespoke deal structuring
- Managing the transaction execution process for multiple ongoing deals
- Close transactions by obtaining the relevant internal approvals for the transaction and leading or actively participating in the successful conclusion of negotiations.
Others:
- Cross-selling of bank products/opportunities to its clients
- Internal stakeholder relationship management
Qualifications and Experience
- B.Sc. in Economics, Accounting, and Finance or any Finance or Social Science-related courses with a minimum of Second-Class Lower division.
- At least 6 years of experience in banking, working with Lending & and trade solution products in Nigeria. Other African experiences are also advantageous.
Technical Skills:
- Strong financial modeling skills
- Strong analytical, numerical, and writing skills.
- Good understanding of Credit
- Advanced level product/processes knowledge
- Proficient in the use of Excel to prepare spreadsheets and other modeling tools for generating reports logically.
- Proficient in the use of PowerPoint and strong presentation skills
General:
- Good judgment and decision-making skills
- High levels of numeracy and literacy are essential
- Strong interpersonal skills, and
- Listening, analysis, and debating skills
Additional competencies (will serve as a strong recommendation):
- Post-graduate studies/qualifications in banking, finance / financial markets
- Proven experience in structuring and implementing working capital and supply chain solutions for clients
- Existing strong Nigerian Corporate relationships
- Existing STCF experience
- A sound understanding of forex markets will be beneficial.
Business Skills:
- Excellent report-writing skills
- Ability to critically assess the commercial viability of clients’ business models and operations, identifying viable lending/financing opportunities.
- Ability to originate, critically assess, develop, and close structured trade and commodity finance transactions.
- A good understanding of corporate credit ratings, portfolio theory, and credit pricing will be a distinct advantage.
- Effectively prioritizing and managing heavy workload in a fast-paced, deadline-oriented environment.
- Creating new trading strategies and improving the existing ones to cope with changing market scenarios.
- Comprehensive understanding of industry regulations & and all other regulatory requirements.
- Ability to analyze company financial statements, interpret corporate credit quality, and identify and quantify business and financial risks from a lending/credit perspective.
- A passion for structured lending and investment banking generally, commodity markets, and structured (trade) finance specifically.
- A general understanding of a variety of financial derivative products and instruments will be a distinct advantage.
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
- Self-starter able to work with minimal supervision
- Strong work ethic and ability to operate in a fast-changing environment (building a business).
- Able to work as part of a highly innovative and competitive team, meeting demanding deadlines.
- A high degree of professionalism and business acumen
- Team oriented
- Flexible when necessary
- Ability to work under pressure
- A strong communicator who is deadline and solutions-driven.
How to Apply
Interested and qualified candidates should:
Click here to apply
Application Deadline 21st June, 2024.