Job Openings 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 following positions below:

1.) ALM Risk Manager

Job ID.: R12633
Job Location: Lagos
Employment Type: Full-time

Job Description

• The Governance Framework for the Management of ALM Risk (i.e., Liquidity Risk, Currency Risk, and Banking Book Interest Rate Risk) provides the governance principles aimed at creating a robust process to assess, measure, monitor, and report these risks.
• RMB Nigeria’s (“RMBN’s”) Group Treasury is the extension of FirstRand Bank’s Group Treasury and is responsible for the implementation of the Framework in Nigeria. RMBN’s Treasury team is also responsible for the management of the bank’s capital to ensure its adequacy under business-as-usual and stress conditions, capital management risk is therefore a key component of this role.
• For the purpose of this document, reference to ‘risk(s)’ means, ALM and capital management risk, which are also jointly referred to as ‘Treasury Risk’.

Responsibilities
Frameworks, Policies, and Mandates for the management of Treasury Risks:

• Responsible for the establishment and maintenance of frameworks, policies and committee (i.e., ALCCO) mandates.   
• Ensure full compliance with Group standards and regulatory requirements associated with funding and capital (LAR, CRR, LCR, NSFR, CAR.)   
• Propose risk limits, ensuring that portfolio mandates are in place across and in line with risk appetite. 
• Research best practice and make recommendations on implementation of new developments and improvements in risk management processes.   

Governance & Compliance:

• Monitor risks and ensure that the exposure and utilisation is in line with the risk limits. 
• Ensure that mandate and limit breaches and non-compliance thereof are escalated to appropriate forums. 
• Ensure implementation of Basel III requirements across all portfolios. 
• Ensure adequate governance processes are in place (frameworks and regulations). 
• Ensure coordination of Internal and External Audit engagement.

Risk Analytics and Measurement:

• Ensure that an appropriate control framework is in place to ensure the accuracy and completeness of Treasury risk metrics.
• Develop new and optimise existing strategies for the management of risks. 
• Perform an assessment and forecast  the key reporting metrics and provide commentary that can be used to explain implications of the outputs and attribute movements. 
• Continuously assess appropriateness of metrics and measurement methodologies. 
• Drive and implement the annual Internal Capital Adequacy Assessment Process ‘ICAAP’ (including the completions of all applicable reference documents) and Recovery Planning Process (RRP). 
• Guide and implement a repeatable, dynamic stress and forecasting process in line with Group’s guidelines, regulatory requirements and best practice.  
• Drive and implement the quarterly Internal Liquidity Adequacy Assessment Process ‘ILAAP’ (including the completions of all applicable reference documents). 
• Review the stress testing of assumptions & BAU back testing results for each Treasury Risk. 
• Perform impact assessments on proposed changes to regulations impacting on stress test outcome. 
• Provide recommendations to the executive management on dividend payout and optimization of the RWAs for business units based on the ICAAP outcome. 
• Analyze and monitor the currency risk on the balance sheet (banking book) to ensure the bank is immunized from adverse shocks.  
• Manage and ensure compliance with the regulatory limits on Net Open Position. 

Reporting & Communication:

• Co-ordination and production of the ALCCO pack sections and presentations relating to Treasury risks as well as facilitating and standardising the reporting into appropriate forums and frequency for both in-country and Group 
• Coordination and submission of Key Management Process reports relating to Treasury risks in the banking book to the Board’s Risk & Compliance Committee 
• Action ad hoc reporting and queries relating to Treasury risks reporting 
• Communicate results of risk analytics and measurement to the Treasurer   
• Co-ordination and production of the periodic ICAAP and ILAAP report.

Strategic Relationships:

• Responsible for the development and maintenance of strategic relationships with: 
  • Other Risk Type Owners 
  • Finance, Regulatory Reporting and Compliance 
  • Management committees (ALCCO, FRM) 
  • Regulator 
  • Group and in-country Research teams 
  • Group ALM Risk Management 
  • Group Capital management 
  • Group Exchange Control 
  • Develop and maintain relationships with Group peers to keep up to date with latest developments across FirstRand w.r.t risk frameworks, disclosure requirements etc. 
  • Industry liaison.

Experience and Qualifications

• A Degree in Accounting / Finance / Maths / Statistics or related field with a strong quantitative bias. 
• At least 5 years of experience in asset/liability management or risk management. 
• CFA or FRM qualification would be an advantage. 
• Thorough understanding of banking products and financial instruments. 
• Thorough understanding of ALM management and an understanding of ALM and Capital specific regulations (e.g. Basel reporting standards) 
• Knowledge of risk measures and practices (e.g., PV01, VaR, EaR (NII sensitivity). 
• Thorough understanding of governance and control frameworks .
• Capable of analysing complex concepts and translating these into simple and concise narratives for management.

The following competencies are required for the job:

• Strong analytical skills 
• Strategic thinking 
• Excellent communication skills (verbal, presentations and written) 
• Team player 
• Strong interpersonal skills 
• Passionate / energetic 
• Work well under pressure 
• Self-starter / able to work independently 
• Commitment to excellence 
• Time management.

Application Closing Date: 16th August, 2024.

Click here to apply online

2.) Human Capital Manager

Job Location: Lagos
Employment Type: Full-Time

Job Description

• This role supports all teams/functions across the Bank with end-to-end people management practice execution services, including workforce planning, talent management, talent development, talent engagement, and reward and recognition.
• The role will partner with the business and work closely with all Line Managers to provide first line human capital support to employees to ensure the delivery of a positive employee experience, execution of business goals, and reward and consequence management as necessary.
• The successful candidate will assist in leading and managing the HC Function end to end; and promote a professional approach to people management & employee wellness at both strategic and operational levels.
• He/she will also support the Head, Human Capital, in formulating and implementing human resource strategies and policies in alignment with overall business objectives and strategic direction.

The successful candidate will be responsible for the following:
Strategic HC Business Partnering & Advisory:

• Championing the articulation and development of the Human Capital (HC) strategy and ensuring alignment with the Bank’s overall strategy and business objectives.
• Participate in strategy sessions in order to identify the emerging Human Capital requirements.
• Executing people management initiatives wit
• Partnering with business to develop and implement holistic HC solutions that empower the business to achieve its objectives
• Manage and execute HC activities in line with the HC Calendar
• Translating the department’s strategies into specific operational plans and programs; and communicating these to stakeholders as appropriate, to ensure mutual understanding of roles, responsibilities, and accountabilities.
• Support the Head of Human Capital in overseeing the key HR focus areas (i.e. career management and succession planning, training and development, employee welfare, performance management, and HC administration).
• Provide day-to-day performance management guidance to the business through coaching, career development, counseling, and disciplinary actions.
• Ensuring that all staff-related policies, procedures, and practices comply with local regulatory requirements, reflect best practices, and are in line with Group policies.
• Continually reviewing and assessing the effectiveness and efficiency of the department’s policies, procedures, and processes and identifying improvement opportunities.
• Overseeing candidate sourcing and selection, ensuring equity and fairness and that the right calibre of individuals are employed into the Bank.

Workforce Planning:

• Continuously monitor resourcing requirements against budget and strategic business imperatives

Performance and Talent Management:

• Promoting the performance culture and encouraging line managers and employees to take ownership of individual and team performance.
• Train and/or upskill Line Managers and Employees on the management of performance in order to build organizational capacity to perform and deliver the Bank's strategy.
• Ensure adherence to Performance Management cycles in order to drive a high-performance organization.
• Partner with business to develop and manage the succession pipeline.
• Apply HC systems and practices to support the business in sourcing, developing, and driving the productivity of employees.
• Intervene between line managers and employees on performance-related disputes.
• Support the business in managing career conversations between employees and line managers in order to ensure delivery of the employee value proposition and retention of critical talent.

Employee Engagement & Change Management:

• Providing expert advice and support to line managers & employees on all HR-related issues as appropriate.
• Proactively developing and promoting feedback mechanisms for employees to influence the continuous improvement of HR services and processes.
• Act as the lead Change Champion for any business transformation activities
• Support the Head of HC in leading employee engagement diagnostic processes
• Partner with the business leadership to implement plans that shift the dial on a positive employee experience
• Apply HC legislation & policies when advising Line managers and employees in order to maintain harmony within the workplace.

HC Analytics:

• Generate and delivery accurate and meaningful people reports monthly, to the Head of Human Capital.
• Generate insights that drive the effective management of employees in order to ensure productivity and attainment of business goals.
• Connect HC data with business data to demonstrate an aspect of the organisation that business leaders should be informed about to help them make decisions.

Labour Relations Advisory:

• Handling of disciplinary and grievances matters in areas of responsibility
• Collaborate with the legal team to interpret human resources administrative policies, advising employees and management on complaint investigation, progressive discipline, and employee grievances.
• Represent the Bank at mediation and arbitration forums where necessary on behalf of the Bank.

Culture:

• Live and exemplify the RMBN and FirstRand values
• Drive and promote a high-performance culture
• Actively participate and Champion the 360-degree feedback process

Compliance and Governance:

• Execute tasks in adherence to all relevant regulatory and business practices.
• Active risk management by applying and promoting a culture of ongoing detection and resolution of Statutory and regulatory compliance breaches

Stakeholder Management:

• Build and manage objective working relationships with various stakeholders with the aim of being recognized as a trusted advisor and living the RMB principles and values.
• Communicate effectively and ensure closed-loop feedback to stakeholders, to maintain and enhance the HC team brand of client-centricity
• Deputizing for the Head – HR, and providing support to that role
• Performing any other duties as may be assigned by the Head of Human Capital.

Qualifications and Experience

• A First Degree or equivalent in Social Science, Human Resources Management, Business Administration, Industrial Psychology, or related field is required
• Minimum of 8 years of post NYSC (with at least 3 years supervisory/managerial) generalist experience in human resource management, with a demonstrable working knowledge of end-to-end employee lifecycle management in multiple human resource disciplines.
• Ideally a Masters’ degree in human resource management or related personnel/human resources field.
• Experience working in human capital within a Corporate & Investment banking environment will be advantageous.
• An active membership of HR Professional Bodies such as Chartered Institute of Personnel Management (CIPMN), CIPD, NIM etc is a strong preference.
• Knowledge of the banking and financial services industry is a distinct advantage

Technical Pre-requisite:

• Robust knowledge and deep understanding of Nigerian Employment and Labour Laws/regulations.
• Consultation skills/strategic partnering
• Knowledge of and exposure to competency-based recruiting, and various talent mapping/profiling methodologies and tools
• Data reporting capabilities
• Experience in developing and analyzing surveys and metrics.
• Knowledge of dispute resolution process
• Customer centricity/service exposure and orientation

Competencies Required:

• The successful candidate should have excellent communication and interpersonal skills in order to form lasting relationships.
• S/he must be self–motivated and able to work well both in a team as well as independently.
• S/he must have the ability to apply knowledge and experience in a creative manner to add value to the department. S/he must maintain the highest degree of professionalism and business acumen.

Leadership Capabilities:

• Participative Leadership
• Planning & Organizing
• Monitoring & Measuring

Cognitive Capabilities:

• Analysis & Attention to detail
• Problem-Solving
• Critical thinking
• Creativity & Innovation

Interpersonal Capabilities:

• Assertive and Courageous
• Drive & Action Oriented
• Flexibility
• Excellence & Quality Orientation

General:

• Ability to persuade and influence
• Ability to present and communicate (verbal and written)
• Ability to make decisions and initiate action
• Ability to effectively plan and organize
• Ability to deliver results and meet customer expectations

Human Relations Profile:

• Strong character & integrity is paramount
• High degree of self-confidence; pleasant personality; well-presented
• Self-starter, able to work with minimal supervision
• Excellent team building and interpersonal skills
• Strong work ethic and ability to operate in a fast-changing environment.

Application Closing Date: 10th September, 2024.

Click here to apply online

3.) Foreign Exchange Dealer

Job Location: Lagos
Employment Type: Full-Time

Job Description

• To trade in the Nigeria foreign exchange markets for a designated product range (Spot, Forwards and swaps), pricing transactions and managing trading positions, in order to maximize trading profits at acceptable risk.
• To be responsible for making market and the execution of foreign exchange transactions for corporate and institutional clients.

Responsibilities

• The successful candidate will be responsible for the following:
• Transact foreign exchange trades on the bank’s own account in the knowledge of customer-based transaction flows and in anticipation of future changes in the market, making use of associated products where relevant to the trading product
• Provide a product trading service to markets customer segment sales staff to meet customer needs at competitive prices
• Contribute to building the bank’s reputation in the local and international market through personally always demonstrating a high level of professionalism, developing mutually beneficial working relationships with counterparties, internal stakeholders, clients, regulators etc.
• Manage the transaction-based risks generated in trading, by working within the established parameters and rules appropriate to the trading product (trading limits, hedging, mark-to-market, delegated authority, etc)
• Adopt a sales approach if and where appropriate, for all counterparties where their relationship to RMB is essentially that of a customer.
• To relieve other dealers as necessary to ensure the smooth functioning of the dealing room
• Share relevant market, customer and counterparty intelligence with internal stakeholders to ensure the bank derives maximum benefit from its networking potential
• Build an in-depth knowledge of the client by staying abreast of changes within the client’s business which will create new opportunities to transact
• Keep abreast of market developments and proactively keep clients up to date on current market conditions
• Seek out cross-sell opportunities within the bank’s customer base
• Interact with the support staff in order to ensure all deals are successfully executed and settled
• Ensure you remain alert to the risk of money laundering and assist in the Bank’s effort in combating it by adhering to the key principles in relation to: identifying your customer, knowing your customer, reporting suspicions, safeguarding records and not disclosing suspicions to customers.
• Entertain clients on a regular basis through RMB events as well as informal entertaining
• Manage relationships with other price makers
• Maintain the highest degree of professionalism and dealing ethics

Qualifications and Experience

• Minimum of a 2nd class Degree in a relevant course
• 10 – 12 years of trading experience with a thorough knowledge of and experience in foreign exchange in Nigeria, Fixed income markets, and structuring would be an advantage.

General skills:

• Good interpersonal and communication skills
• Must be proactive and a team player with the ability to guide junior members of the team.
• Knowledge of the Central Bank of Nigeria’s exchange control regulations and Debt Management Office’s guidelines
• Strong strategy and leadership skills
• Candidates will be expected to build productive relationships both internally and externally and therefore need to be able to communicate prices and strategies clearly and articulate market views and translate them into trades.
• Ability to cope under pressure with strict adherence to established risk guidelines.

Application Closing Date: 10th September, 2024.

Click here to apply online