Stanbic Bank is recruiting for Business Manager (IB)
Job ID5344
Location: Nigeria – Lagos
Employment Type: Full Time – Permanent
Shift No
Regulatory Approval Yes
Position Description
Job Purpose
To provide support to the Management of investment Banking and business heads within the IB covering: (a) Financial and management control including budgeting and reporting (b) Risk & compliance, (c) Credit-related support and (d) Management of relationship with internal clients such as Client Coverage, TPS, Credit, Finance and Risk management) and other internal clients as may be required to effectively manage business performance. The job holder will therefore be expected to:
• Provides timely and relevant client performance data and market intelligence for effective management decision making
• Quality control and management of all Business reporting and MIS for IB, Corp Fin and DS
• Financial Control – Performance Monitoring and Variance analysis
• Be able to gather, interpret, analyze and present both financial and non financial information
KRAs
Financial & Management Control Functions
• Preparation of Budget for Investment banking IB and its constituent units
• Monitoring budget vs performance
• Manage the General Ledger for IB, including Cost/profit Centre codes
• Assist with the management of the IB’s financial reports and other performance management targets including revenue and costs.
• Prepare month-end reports for management use – Internal Exco purposes as well as for matrix reporting purposes to H/Office (Jo’burg)
• Preparation of Presentations for performance reporting purposes
• Work with stakeholders to “project manage” agreed actions arising from management meetings
• Liaise with Finance department on recognition of income and tax related issues.
• Keep and maintain adequate records of all business performance management data.
• Invoice tracking for IB
Risk & Compliance Functions
• Liaising with Risk & Compliance on behalf of the IB
• Managing the Risk Self Control Assessment Grid and coordinating the implementation of action points in the grid
• Acting as custodian of Risk & Compliance policies on behalf of the IB and monitoring compliance with same
• Preparing risk-related reports as and when needed
Credit & Business Support Functions Supports Deal Teams in the following areas:
• Assist in Annual Credit reviews for transactions in Investment Banking
• Track and monitor client product utilisations and revenue reporting
• Review provisioning of classified Risk Assets in IB’s loan book
Other Functions
• Preparing files for the annual audit process and assist in discussing, responding and reacting to comments raised by the Audit division;
• Keeping abreast of developments in the local, regional and international Financial markets;
• Ensuring all requisite administration and filing matters in relation to function are maintained and up to date;
• Assisting senior members of the IB and business heads in day-to-day work as delegated and carrying out other duties as required by the job;
• Ensuring that the policies and procedures of the bank are being followed.
• Preparing Ad-hoc financial and other reports for IB
• Liaise with IT on capturing/treatment/reporting of IB transactions on the Bank’s Banking application.
Division Proposition
We know that success in competitive global markets relies on a clear focus, exceptional talent, a strong team ethic, and a hunger for innovation. Our investment banking division provides a challenging environment with significant opportunities for growth and the rewards that accompany market-leading success.
If you are a professional who can clearly demonstrate a strong entrepreneurial spirit combined with a highly developed ability to analyse and interpret market data, then we want to hear from you.
Job Purpose
To provide support to the Management of investment Banking and business heads within the IB covering: (a) Financial and management control including budgeting and reporting (b) Risk & compliance, (c) Credit-related support and (d) Management of relationship with internal clients such as Client Coverage, TPS, Credit, Finance and Risk management) and other internal clients as may be required to effectively manage business performance. The job holder will therefore be expected to:
• Provides timely and relevant client performance data and market intelligence for effective management decision making
• Quality control and management of all Business reporting and MIS for IB, Corp Fin and DS
• Financial Control – Performance Monitoring and Variance analysis
• Be able to gather, interpret, analyze and present both financial and non financial information
KRAs
Financial & Management Control Functions
• Preparation of Budget for Investment banking IB and its constituent units
• Monitoring budget vs performance
• Manage the General Ledger for IB, including Cost/profit Centre codes
• Assist with the management of the IB’s financial reports and other performance management targets including revenue and costs.
• Prepare month-end reports for management use – Internal Exco purposes as well as for matrix reporting purposes to H/Office (Jo’burg)
• Preparation of Presentations for performance reporting purposes
• Work with stakeholders to “project manage” agreed actions arising from management meetings
• Liaise with Finance department on recognition of income and tax related issues.
• Keep and maintain adequate records of all business performance management data.
• Invoice tracking for IB
Risk & Compliance Functions
• Liaising with Risk & Compliance on behalf of the IB
• Managing the Risk Self Control Assessment Grid and coordinating the implementation of action points in the grid
• Acting as custodian of Risk & Compliance policies on behalf of the IB and monitoring compliance with same
• Preparing risk-related reports as and when needed
Credit & Business Support Functions Supports Deal Teams in the following areas:
• Assist in Annual Credit reviews for transactions in Investment Banking
• Track and monitor client product utilisations and revenue reporting
• Review provisioning of classified Risk Assets in IB’s loan book
Other Functions
• Preparing files for the annual audit process and assist in discussing, responding and reacting to comments raised by the Audit division;
• Keeping abreast of developments in the local, regional and international Financial markets;
• Ensuring all requisite administration and filing matters in relation to function are maintained and up to date;
• Assisting senior members of the IB and business heads in day-to-day work as delegated and carrying out other duties as required by the job;
• Ensuring that the policies and procedures of the bank are being followed.
• Preparing Ad-hoc financial and other reports for IB
• Liaise with IT on capturing/treatment/reporting of IB transactions on the Bank’s Banking application.
Required Skills and Qualifications
• Minimum of a B.Sc degree
•Masters Degree/Professional Qualifications will be added advantages
• CA / CIMA advantageous.
• The job holder will be expected to understand the general dynamics of the local and international financial markets;
• English language proficiency is a must for undertaking this role
Required Competencies
• Detailed understanding of accounting – management and financial accounting – Ability to gather, interpret, analyse and present both financial and non financial information
• Understanding of bank’s products and facilities that give rise to counter party credit risk
• Ability to source market information, understand activities of all key players in the sector (whether they are clients or not);
• Understanding of investment banking business.
• Knowledge of financial markets
• Conceptual and practical knowledge of credit procedures, policies, and standards
• computer literacy, particularly with Microsoft Word, Excel and Power Point;
• Project Management competencies
The job holder should have a minimum of five years in a banking environment, preferably with a Financial control/audit background;
• The job holder should as a minimum have the following traits / abilities and personal characteristics
(i) good verbal and written communication skills, (ii) ability to work under pressure and to tight deadlines,
(iii) attention to detail,
(iv) methodical,
(v) diplomacy,
(vi) ability to handle, manage and resolve conflict within the unit and across IB,
(vii) result-orientated,
(viii) good numerical ability,
(ix) people management skills,
(x) team player,
(xi) resillience
(xii) self-motivated and ability to work unsupervised
(xiii) strong analytical skills
Financial analysis skill
People management skill/good human relations Ability to multi-task
Ability to work under pressure Independence Good presentation skills
We are an equal opportunities employer and are totally opposed to discrimination in any form. It is our policy to provide equal employment opportunities for all employees regardless of race, sex, colour, nationality, national or ethnic origin, sexual orientation, marital / partnership status, religion, age or disability.a
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