Rand Merchant Bank (RMB), a division of FirstRand Bank Limited, stands as a leading African corporate and investment bank, integrated within one of Africa's largest financial services groups. We specialize in providing innovative, value-added advisory, funding, trading, corporate banking, and principal investing solutions.
Job Title: Corporate Credit Analyst
Location: Lagos
Employment Type: Full-time
Job Description
As a Corporate Credit Analyst at RMB, you will conduct quantitative and qualitative assessments of corporate clients' financial strength to identify portfolio-related credit risks.
Key Responsibilities
The successful candidate will undertake the following responsibilities:
- Assess financial transactions, including derivatives and structures used.
- Evaluate counterparty credit risk, considering the operating environment (country, industry, regulatory, and legal risk).
- Spread and model financial statements.
- Prepare and present credit reports and applications to relevant committees.
- Monitor financial covenants and risks for credit reporting.
- Engage in ongoing evaluation and management of counterparties and facilities.
- Liaise with various business units and clients.
- Analyze financial statements to identify and quantify business risks.
- Assign credit ratings using approved methodologies and models.
Qualifications
Ideal candidates must possess
- A tertiary education in finance with at least a Second-Class Upper division or equivalent.
- A minimum of 5 years of credit analysis experience, preferably in a large financial institution or in financial markets consulting/auditing.
- Expertise in modeling, assessing, or advising on financial and business risks.
- A solid understanding of Treasury and Financial Markets products (e.g., derivatives).
Technical Skills and General Competencies
- Knowledge of practical economics, Nigerian macroeconomic environment, and relevant legislation (e.g., IFRS, Basle II and III).
- Understanding of taxation for companies and financial institutions.
- Familiarity with credit ratings, portfolio theory, and credit pricing.
Key Competencies
- Proficiency in assessing counterparty credit risk and identifying transaction-specific risks.
- Knowledge of the bank’s credit risk appetite, credit grading, and pricing models.
- Ability to stay updated on trends in the global lending market.
Human Relations Profile
- Strong character and integrity.
- High self-confidence with excellent communication skills.
- Ability to work effectively in teams or independently and manage time efficiently.
- Flexibility to adapt and perform under pressure.
How to Apply
Interested and qualified candidates should Click here to apply.
Application Deadline: October 17, 2024.
Conclusion
Rand Merchant Bank (RMB) offers an exciting opportunity for experienced professionals to join their team as a Corporate Credit Analyst in Lagos. This role is ideal for individuals with strong financial acumen, credit risk expertise, and a commitment to excellence.
If you meet the qualifications and are ready to contribute to RMB’s innovative banking solutions, apply by October 17, 2024, to take the next step in your career.
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