Stanbic IBTC Bank Job Recruitment (6 Positions)

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Stanbic IBTC Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa’s financial system for 150 years, and now spans 16 countries across the African continent.

Standard Bank is a firm believer in technical innovation, to help us guarantee exceptional client service and leading edge financial solutions. Our growing global success reflects our commitment to the latest solutions, the best people, and a uniquely flexible and vibrant working culture. To help us drive our success into the future, we are looking for resourceful individuals to join our dedicated team at our offices.

We are recruiting to fill the position below:

1) Job Title: Vice President, Corporate Finance

Job ID: 49088
Location: Lagos Island, Lagos
Job Sector: Banking

Job Details

  • Investment Banking provides clients with a range of advisory and financing solutions. Specialising in high-growth emerging markets, our expert advisers work on mergers and acquisitions, capital restructurings and empowerment deals, as well as arranging finance for acquisitions, client projects and property transactions.

Job Purpose

  • Contribute to the implementation of the strategy for the Corporate Finance Unit, in line with the broader strategy of the Corporate Finance Department and the Bank

Key Responsibilities / Accountabilities

  • Originate Corporate Finance mandates
  • Contribute to the realization of the revenue and profitability budget for the Corporate Finance unit
  • Managing relationships with clients
  • Work closely with other advisory teams across the Standard Bank Group to identify cross border advisory opportunities
  • Execution of Corporate Finance mandates to high quality standard and exceeding client expectations
  • Establish credibility with clients and prospects
  • Contribute to the development and training of members of the Corporate Finance team
  • Cross-sell the banks products and services

Preferred Qualification and Experience

  • First degree from a reputable university (minimum, second class upper division or equivalent)
  • Master’s degree or relevant professional qualification would be an added advantage
  • At least six years relevant Corporate Finance experience including demonstrable track record of pitching for and executing mergers and acquisitions, restructuring and divestitures

Knowledge / Technical Skills / Expertise:

  • Knowledge of relevant Nigerian law and regulations including the Companies and Allied Matter Acts, the Investment and Securities Act, the Rules of the Securities and Exchange Commission and the listing requirements on of The Nigerian
  • Deep understanding of financial modelling, company and asset valuation, transaction structuring, negotiation.

2) Job Title: Associate, Corporate Finance

Job ID: 49086
Location: Lagos Island, Lagos
Job Sector: Banking

Job Details

  • Investment Banking provides clients with a range of advisory and financing solutions. Specialising in high-growth emerging markets, our expert advisers work on mergers and acquisitions, capital restructurings and empowerment deals, as well as arranging finance for acquisitions, client projects and property transactions.

Job Purpose

  • Pitching for and execution of mergers, acquisitions, divestitures, corporate restructuring and other advisory transactions.

Key Responsibilities / Accountabilities

  • Preparation of transaction documents including Scheme documents, Take-Over Bid documents, Information Memoranda, etc.
  • Project and manage the implementation of transactions including coordinating other service providers e.g. printers, auditors, lawyers, etc.
  • To the extent required, manage interaction with relevant regulatory authorities, largely as relates to regulatory fillings
  • Analyze historical and projected financial statements
  • Conduct industry and market research and review company information
  • Build financial models and prepare detailed valuations
  • Preparation of pitch documents as well as proposals, information fliers, teasers and other marketing material
  • Form a deep understanding of the domestic regulatory framework and all relevant laws and regulations
  • Assist with special ad-hoc projects, presentations and initiatives as assigned
  • Managing a team of analysts to successfully deliver assigned tasks and projects

Preferred Qualification and Experience
Qualification and Experience:

  • A first Degree qualification
  • Additional qualification would be an added advantage
  • Minimum of four years corporate finance experience
  • Good knowledge of the capital market operations, laws and regulations

Knowledge / Technical Skills / Expertise
Technical Competencies:

  • Knowledge of financial modelling and valuation
  • Reasonable understanding of finance, accounting and economics
  • Good understanding of the workings of the Nigerian capital market, rules, laws and regulations
  • Proficient use of Microsoft Office Suite.

3) Job TItle: Head, Financial Advisory

Job ID: 49085
Location: Lagos Island, Lagos
Job Sector: Banking

Job Details

  • Investment Banking provides clients with a range of advisory and financing solutions. Specialising in high-growth emerging markets, our expert advisers work on mergers and acquisitions, capital restructurings and empowerment deals, as well as arranging finance for acquisitions, client projects and property transactions.

Job Purpose

  • A Senior banker position with overall responsibility for the Advisory business in Nigeria, including developing and implementing the overall strategy of the business.
  • Overall responsibility for origination and ensuring flawless execution of deals.
  • Continuously reviews potential business opportunities of high complexity in the corporate finance arena including mergers, acquisitions, company restructuring and management buy-outs.
  • Manages relationships with clients, regulators and other stakeholders.
  • Overall responsibility for building capacity, including recruiting the required staff complement and coaching and developing team members.

Key Responsibilities / Accountabilities
Origination and Execution of deals:

  • Responsible for identifying and sourcing complex Corporate Finance opportunities in both Nigeria and global markets for new and existing financial products to enhance revenue.
  • Advise key clients in respect of mergers, acquisition, capital restructuring, capital raisings, leveraged buy-outs and valuations.
  • Manage across all stages of transactions, including conception (pitching), execution, documentation and closing.
  • Includes all sectors within the Nigerian corporate landscape and both local and cross border transactions outside of South Africa
  • Support development of the Rest of Africa franchise through origination of deals and pitches with the Corporate Finance teams in South Africa, Ghana and Kenya.
  • Ensure effective management of deal teams in the context of both parties and live transactions and training of analysts in all areas of Corporate Finance.
  • Develop relationships with existing and potential clients from initial negotiations to closure.
  • Ensure execution of transactions in accordance with product approvals
  • Oversee documentation, models and presentations including term sheet, business valuation models, teasers, information memorandums, etc.
  • Lead negotiations and structure lending opportunities with counterparties, lead internal approval processes, finalise lending structures and terms, review and perform due diligence investigations, execute and close the transaction including documentation, obtain final internal approvals
  • Tailor complex and comprehensive financial solutions for key clients (including structuring, advising, modelling, documentation, implementation and administration for the term of the transaction).
  • Identify issues which are varied and often deal specific.
  • Act with a broad outlook and look to identify the key issues on an ongoing basis and determine strategies on how to address these. This will include commercial considerations, financial analysis, technical analysis, stakeholder requirements and certain legal parameters.

Strategy development and Business Performance management:

  • Provide strategic direction for Financial Advisory whilst aligning the objectives with overall Investment banking goals.
  • Take full responsibility for the balance sheet and income statement of Financial Advisory.
  • Take overall accountability for the achieving aggressive profit targets for the business.
  • Continuously evaluate the external environment and assess the impact on the BU’s activities. Where required, make any necessary changes to plans.
  • Communicate the strategy to the Financial Advisory team and ensure a deep understanding across the whole business.

Stakeholder engagement:

  • Proactively develop relationships with key external stakeholders including local regulators relevant to the business, product heads, key suppliers and external regulatory bodies to ensure Standard Bank gets appropriate co-operation when required and that the Group meets and is seen to meet regulatory compliance.
  • Manage relationships with internal stakeholders being Head of Research, Head of Debt Products, Global Markets etc.
  • Build and develop relationships across the firm with various stakeholders with the intention of breaking down silos to maximise business growth.
  • Hold primary relationship with clients and handle all aspects of client interaction including coordinating and execution of transactions.
  • Monitor client account performance and service client needs tp retain existing clients.

Leadership:

  • Together with the Head of Human Capital and Head of Investment Banking, determine the people strategy for the area with a focus on talent management, resourcing, development and retention
  • Oversee the moderation and relative distribution of performance appraisals in line with overall business performance for the area.
  • Mentor key managers and executives in the area on people management techniques and approaches. Motivate senior managers in the area to set the example on living the values and recognition.
  • Review the overall development needs analysis. Approve training budgets and review actual spend to ensure that funds are being used.
  • Review and approve succession plans for key roles in the area. Support the Talent Review process and approve nominations for the area.
  • With support from Human Capital, interview and hire direct reports. Support managers with their recruitment decisions on request.
  • Review consolidated headcount plans; reallocate resources between departments if needed.
  • Approve / decline headcount within overall mandate.

Manage the risks in the business:

  • Act as the executive sponsor for the area’s implementation of the Group’s risk management framework.
  • Review and approve assurance and audit scope documentation as well as findings.
  • Review open audit or assurance items and follow up with teams on open or overdue items.
  • Oversee the development of risk metrics and risk appetite threshold setting.
  • Drive a culture of proactive compliance.
  • Interact with specialist risk areas (operational risk, financial crime risk management, information security risk etc.) to ensure that business risk management requirements are addressed in all these frameworks.

Preferred Qualification and Experience
Qualification and Experience:

  • A university qualification ideally in Finance, Law, Social Sciences or Commerce
  • Master’s degree or a relevant professional qualification such as CFA or ACA would be an added advantage
  • Minimum of ten (10) years experience in Mergers and Acquisitions or Corporate Finance

Knowledge / Technical Skills / Expertise
Technical Competencies:

  • Investment Analysis
  • Company Valuations
  • Deal Structuring
  • International Market Knowledge
  • Strategic Planning and Reporting
  • Research.

4) Job Title: Head, Equity Capital Markets

Job ID: 49080
Location: Lagos Island
Job Sector: Banking

Job Details

  • Investment Banking provides clients with a range of advisory and financing solutions. Specialising in high-growth emerging markets, our expert advisers work on mergers and acquisitions, capital restructurings and empowerment deals, as well as arranging finance for acquisitions, client projects and property transactions.

Job Purpose

  • Lead and direct the development of the strategy for the Equity Capital Markets (ECM) team in Nigeria with an aim of simplifying delivery of the organization to clients, including leading edge strategic solutions, coordination, origination, execution, syndication and prioritization of the full suite of services including structuring advice, transaction execution, liaison and negotiation with senior market participants and Regulators.
  • Responsible for identifying and sourcing complex investment banking opportunities in both the national industry and global markets to enhance revenue in Nigeria.
  • Co-ordinate the product offering across the various affiliate companies in the Standard Bank Group and to oversee Nigerian ECM financial results.  Ensure that the strategic approach is aligned to best practice compliance requirements and market standards.

Key Responsibilities / Accountabilities
Manage Transaction Origination and Execution:

  • Responsible for identifying and sourcing equity capital market opportunities to enhance revenue.
  • Solicit for new opportunities and maintain deal pipeline
  • Develop relationships with existing and potential clients from initial negotiations to closure.
  • Manage client interactions and regulatory engagements throughout the transaction cycle
  • Execute transactions in accordance with relevant approvals and regulatory requirements
  • Oversee documentation, models and presentations including term sheet, business valuation models, teasers, information memorandums, etc.
  • Oversee issuance documentation including prospectus, rights circulars, information memorandums, investor and road show presentation materials, etc.
  • Oversee and manage financial due diligence on targets for strategic investments and acquisitions.
  • Ensure high quality outputs.

Develop strategy and manage business performance:

  • Provide strategic direction for Equity Capital Markets in Nigeria whilst aligning the objectives with overall Global ECM and Investment banking goals.
  • Take full responsibility for the balance sheet and income statement of Equity Capital Markets.
  • Take overall accountability for achieving the revenue and earnings targets for the business.
  • Continuously evaluate the external environment and assess the impact on the BU’s activities, and, where required, make necessary amendments to plans.
  • Communicate the strategy to the Equity Capital Markets team and ensure a deep understanding across the whole business.

Develop and manage relationships with key internal stakeholders that are relevant to the business:

  • Proactively develop relationships with key external stakeholders in including domestic regulators relevant to the business, product heads and external regulatory bodies to ensure appropriate co-operation when required and regulatory compliance.
  • Manage relationships with internal stakeholders including Research, Coverage, Global Markets etc
  • Hold primary relationship with clients and handle all aspects of client interaction including coordinating and execution of transactions.

Manage Employee Development:

  • Together with the Head of Human Capital, the Head of Investment Banking and Global Head of ECM, determine the people strategy for Equity Capital Markets in Nigeria with a focus on talent management, resourcing, development and retention
  • Mentor key managers in the area on people management techniques and approaches. Motivate senior managers to set the example on living the values and recognition.
  • Review the overall development needs analysis to ensure continuous upskilling of team members
  • Ensure appropriate headcount is maintained and with support from Human Capital, interview and hire direct reports.

Manage the risks in the business:

  • Act as the executive sponsor for the implementation of the risk management framework.
  • Drive a culture of proactive compliance

Preferred Qualification and Experience
Qualification and Experience:

  • A university qualification ideally in Finance, Law, Social Sciences or Commerce
  • Master’s in Business Administration or a relevant professional qualification such as CFA or ACA would be an added advantage
  • Minimum of ten (10) years of core investment banking experience, five (5) of which should be in Equity Capital Markets

Knowledge / Technical Skills / Expertise
Technical Competencies:

  • Product Knowledge
  • Deal Structuring
  • Financial Industry Regulatory Framework
  • International Market Knowledge
  • Strategic Planning and Reporting
  • Financial and Accounting Control
  • Investment Analysis.

5) Job Title: IT Client Support Officer

Job ID: 49083
Location: Lagos Island, Lagos
Job Sector: Banking

Job Details

  • Information Technology: systems development, business analysis, architecture, project management, data warehousing, infrastructure, maintenance and production

Job Purpose

  • To provide an operational User, Branch Support & Rollout (UBSR) structure to ensure that general IT problem in the branches and regions are resolved promptly and efficiently. The operational support includes first & second level support on user’s workstations, file/print servers, IT peripherals, SCCM servers, LANs and communication equipment.
  • Ensuring that all incidents are responded to, actioned and resolved within the required MTTR in the SLAs. Also ensure that calls and problems are escalated and communicated to the required support area and user for prompt attention.
  • Provide high level competency with regard to ensuring that users are optimally satisfied with the use and access of the bank’s IT services/applications in the daily discharge of their responsibilities.
  • Uptime of SCCM servers and patching of all laptops and Desktops

Key Responsibilities / Accountabilities

Key Responsibilities
Improve customer experience:

  • Achieve a minimum annual Business Survey (i.e ISS) rating of 8 out of 10
  • Ensure not more than 5 significant incidents occur every week
  • Achieve an IT User Survey score of 7 out of 10
  • Ensure closure time within 90% of agreed SLA for significant and general complaints
  • Ensure service availability meets agreed targets
  •  Achieve a Remedy satisfaction survey rating of 3.5 out of 5

Develop a cost containment culture:

  • License & Maintenance
  • Staff Printing

Establish a control framework that guarantees visibility and reliability of our franchise:

  • Satisfactory Audits (Internal & External)
  • Resolve exceptions before due dates
  • Ensure there is no vulnerability
  • Emergency changes should not exceed 10% of total changes
  • Successful DR exercises

Implement efficient and timely projects and changes to support key business objectives:

  • Achieve 80% close out sign offs on pre-agreed deliverables (time, scope, cost) by all relevant stakeholders
  • Score 90% on post implementation survey (conducted within a minimum of 3 months after project closure)
  •  Respond within 24hours to engage relevant parties once a work request is raised

Preferred Qualification and Experience

  • Minimum of first degree or its equivalent in numerate or semi-numerate disciplines such as Engineering, Computer Sciences, Statistics, Mathematics.
  • Minimum of 4 years post qualification experience in a similar or related position.

Knowledge/Technical Skills/Expertise:

  • IT Operations
  • IT Systems
  • Technical Analysis
  • IT Knowledge
  • Change Management
  • Rollout Management.

6) Job Title: Vice President, Real Estate Finance

Job ID: 48591
Location: Island, Lagos
Job Sector: Investment Banking

Job Details
This team focuses on the Real Estate equities portfolio in South Africa and the rest of our African operations, spanning Joint Ventures and Affordable Housing Development, which supports our commitment to meaningful transformation by providing high-quality homes for low-income households.

Job Purpose

  • To provide deal execution management, guidance and support to junior colleagues (both associates and analysts) for all transactional and administrative aspects involved throughout the entire Real Estate finance value chain process (i.e. advisory, origination, debt structuring, execution, financial close and ongoing transaction monitoring for all projects).

Key Responsibilities/Accountabilities
Identifying and developing opportunities:

  • Assist in developing debt structuring/arranging and / or advisory mandates for identified opportunities

Developing comprehensive financial models:

  • Developing and manipulation of excel spreadsheets and other comprehensive financial models for Real Estate finance transactions

Data gathering and base case development:

  • Assist in undertaking data gathering for model / spreadsheet inputs and working alongside relevant consultants in finalizing Base Case models for debt funding transactions

Financial Analysis:

  • Assist in undertaking financial analysis of company / projects and project financial statements and preparing brief internal reports based on findings

Developing and managing deal execution and project deliverables:

  • Assist in developing and managing execution of deal and project deliverables during the entire transaction value chain (this will include but not limited to the following;- preparation and review of Information Memorandum, Transaction Timetables, Financial Models, Internal Transaction Documents (i.e. Pre Credit papers and Credit Papers, Investment Teasers, Term Sheets, Loan Documentation etc)

Developing innovative financial solutions:

  • Working in conjunction with other team members in putting forward innovative financing solutions to clients, the bank’s senior management and colleagues

Preparing presentation materials

  • Assist in preparing presentation materials and presenting deal structures to other units within the bank, at client marketing pitches and to co-financiers and investors

Submitting work In Progress Reports:

  • Assist in submitting Work In Progress Reports to senior management located in Nigeria and South Africa

Transaction monitoring:

  • Preparing transaction summaries identifying key follow-up and monitoring steps after transaction closing for the benefit of other business groups

Establishing and maintaining relationships with clients:

  • Establishing, developing and maintaining relationships with existing and potential clients and accompanying other senior members of the bank at client meetings

Preparing client calling reports:

  • Preparing and distributing client Calling Reports in a timely manner

Transaction consultant monitoring:

  • Monitoring and following up on deliverables being prepared by consultants assigned to transactions

Assisting senior colleagues:

  • Assist senior members of the department in day-to-day work as delegated and carrying out other duties as required by the job

Provide guidance and allocate tasks to junior members of staff:

  • Provide guidance to junior members of staff in undertaking their duties
  • Provide support in allocation tasks to junior members of staff

Preparing files for audit:

  • Preparing files as to be ready for the annual audit process and assist in discussing, responding and reacting to comments raised by the Audit division

Staying up-to-date on relevant market information:

  • Keeping abreast of developments in the local, regional and international Real Estate finance market

Ensure adherence to policies:

  • Ensure that the policies and procedures of the bank are being followed.

Preferred Qualification and Experience
Qualifications:

  • Bachelors’ Honours Degree in Built Environment, Economics, Accounting, Banking & Finance, Engineering or other related subjects
  • Bachelor or Master’s Degree with minimum of Second Class Upper division (2:1) In addition, CFA accreditation would be useful. CFA accreditation, Professional membership of real estate bodies such as RICS, ULI etc., would be useful

Experience:

  • The job applicant should have between 8 – 10 years related work experience, preferably from a real estate finance/ project finance/ advisory background.

Knowledge/Technical Skills/Expertise
Key Performance Measures:
Customer:

  • Perform calls to existing and potential customers to follow up on opportunities and support in the presenting of the bank’s credentials.
  • With guidance from the respective unit head and senior colleagues, interact on a select basis with clients on mandated transactions until project achieves financial closing.

Financial:

  • Assists in providing support for the preparation of business plans and budgets on a unit and department basis

Internal Process:

  • Assist in preparing and reviewing memos and proposals;
  • Working with the Unit Head to ensure that all compliance issues (i.e. KYC etc) are suitably addressed;
  • Ensure that the policies and procedures of the bank are being followed;
  • Assist in identifying, pursuing and executing agreed business in a professional manner and within the framework as set out by the bank
  • Assist in preparing transaction summaries, assist in identifying key follow-up and monitoring steps in co-ordination with the Transaction Management Unit  after transaction closing;
  • Keeping the Transaction Management Unit fully up to date on transactions prior to hand-over at financial close;
  • Working alongside the Transaction Management Unit in attending general asset monitoring requests;
  • Taking guidance and liaising with Legal and Risk Officers to ensure all necessary documentation on transactions are suitably addressed;
  • Assist in providing clarifications and responding / reacting to comments received from the Audit Division;
  • Assist unit head and colleagues in the day-to-day work as delegated.

People:

  • Working in co-ordination with individuals from other divisions, and in particular members of the investment banking team to enhance teamwork efforts within the division;
  • Take a proactive approach towards the own personal learning and development;
  • Escalate feedback on junior staff performance to Senior colleagues and Unit Heads;
  • Adhere to the core values of Stanbic IBTC and apply professional codes of conduct at all times

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online

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Copyright @2020. cmerije.com