Corporate Credit Analyst at Rand Merchant Bank

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.    
• 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.    
• 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.    

Qualifications and Experience:  

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:  

General    

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 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.    
• 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.    
• 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.    
• Flexible when necessary and ability to work effectively under pressure.   
• 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.