• Application Deadline: Tue, 21 Jan 2025 00:00:00 GMT
• Position: Corporate Credit Analyst



• Job Type Full Time



• Qualification BA/BSc/HND



• Experience



• Location Lagos




• Job Field Finance / Accounting / Audit 
  
  

Responsibilities:

The Successful Candidate Will

• 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

• A tertiary education with a financial background, with a minimum Second-Class Upper division or equivalent.


• At least five 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 macroeconomic 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

• 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.