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RMB Nigeria Ltd is Hiring a Trade and Working Capital Transactor Near Floor 3, NY
Job Description 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. 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. 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. Other: 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. 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 Good understanding of Credit Advanced level product/processes knowledge General: Good judgment and decision-making skills High levels of numeracy and literacy are essential Strong interpersonal skills, and Listening, analysis, and debating skills 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. 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. 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. 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 A sound understanding of forex markets will be beneficial. Existing strong Nigerian Corporate relationships Existing STCF experience 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 Team oriented Flexible when necessary Ability to work under pressure A strong communicator who is deadline and solutions-driven. 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 Job Details Application Closing Date 21/06/24 All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties. Introduce yourself to our recruiters and we will get in touch if there's a role that seems like a good match. Should you have any queries, please log it via MyQ. FirstRand provides a comprehensive range of financial services in South Africa and certain markets in broader Africa. The group also offers certain niche products and services in the UK and India. Listed on the Johannesburg Stock Exchange (JSE) and the Namibian Stock Exchange (NSX), FirstRand Limited is the largest financial institution by market capitalisation in Africa. The group follows a multi-branding approach. Its portfolio of financial services businesses includes FNB, RMB, WesBank, Ashburton Investments, Aldermore, MotoNovo, DirectAxis and MotoVantage. Many are leaders in their respective segments and markets, offering transactional, lending, investment and insurance products and services The FirstRand Corporate Centre houses many of the critical functions required by a large and complex financial services group. The group's track record of delivering superior returns to shareholders has been achieved through a combination of organic growth, acquisitions, innovation and the creation of completely new businesses. The group’s purpose of delivering Shared Prosperity provides many opportunities for employees to innovate to address social and environmental challenges in our markets. All of our businesses have successful Volunteering programmes which also allow employees to adopt and support causes close to their hearts.
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