Credit Research Analyst at Stanbic IBTC Bank Plc

Posted on Mon 07th May, 2012 - hotnigerianjobs.com --- (7 comments)

Stanbic IBTC Bank Plc is part of the Standard Bank Group. Stanbic Bank Nigeria was merged IBTC Chartered Bank PLC to form Stanbic IBTC Bank. The merger, by way of the first ever tender offer in Nigeria and a $525 million FDI.

Stanbic IBTC Bank PLC through its wholly owned stock broking and asset management subsidiary, IBTC Asset Management Limited has several excellent mutual funds including the IBTC Nigerian Equity Fund, which is Nigeria’s largest mutual fund with a net asset value in excess of N25 billion (as at December 2007). It is the only bank that has a direct subsidiary that is a pension fund administrator; through the market leading IBTC Pension Managers Limited (IPML).

Job Title: Credit Research Analyst

Job ID: 8784

Location: Lagos

Main Purpose of the Job

To take responsibility for coverage of corporate and sub-national entities in Nigeria that issue securities carrying credit risk such as Commercial Paper, Corporate and Sub-national Bonds. The candidate will form and maintain a view on the credit quality of designated issuers, produce written research and communicate with internal and external clients on the names

Conduct financial analysis on designated corporate and sub-national entities issuing relevant securities
Develop/maintain opinions on the credit strength of designated companies and state governments, based on quantitative and qualitative analysis and make investment recommendations
Produce timely, commercially relevant research , both maintenance and thematic on the relevant names/sectors
Communicate opinions in writing and orally to Buy Side analysts and portfolio managers as well as Sales and Sales Trading in relevant geographies (Lagos, London, NY and JHB)
Work with Head of CIB Research to develop the research franchise for the sector with external and internal clients
Develop relationships with key personnel within corporates to enable access to information for research purposes as well as investor access
Support new issuance from the Stanbic IBTC DCM business franchise

Key Performance Measures

Volume of output: Consistent production of timely, commercially relevant research
Build research franchise: Frequency of client interaction and client requests
Effectiveness of client interaction: Feedback from internal and external clients (sales, sales trading, IB as appropriate)
Corporate Access

Key Dimensions of the Job

Develop/maintain opinions on designated companies based on quantitative and qualitative analysis
Communicate opinions in writing and orally to Buy Side analysts and portfolio managers as well as Sales and Trading in relevant geographies (Lagos, London, NY and JHB)
Working to deadlines on both bespoke and periodic research
Respond in a timely manner to newsflow, using the appropriate channels and in accordance with compliance guidelines
Supporting Investment banking with data for your sector as required
Develop relationships with key personnel within corporates to enable access to information for research purposes as well as investor access

Required Skills and Qualifications
Problem Solving

Must be able to make defendable judgments on at times limited quantitative information
Must show initiative with respect to the development of the research franchise for the sector
Must be able to respond to conflict with maturity as there are several stakeholders with at times incongruent interests

Planning

Must be able to consider the critical path of a research document and work backwards to plan appropriately
Must be able to plan for research product for 6-12 months in advance

Decision Making
Must be able to quickly interpret the implications of market developments and newsflow and decide upon the relevance of such developments on the valuation of the company.

Required Competencies
Knowledge

Bachelor’s degree in Finance/Accounting discipline or at least CFA level 1
Knowledge of the Nigerian financial markets or Emerging Market/Frontier Market experience
Strong MS Office Skills, esp Excel, Word and Powerpoint
Knowledge of Bloomberg useful

Experience

3-5 years experience in equity research on either the buy side or the sell side in a ‘non-financials sector’
Track record of effective communication of ideas

Personal Competencies

Strong written and oral communication skills
Ability to think independently yet work within a team and learn from peers
Ability to work accurately under pressure
Attention to detail
Self Motivated
Flexible – the business demands may require changes at short notice
Strong interpersonal skills
Focused on outcomes despite at times long lead times

Important Relationships

External clients – Buyside analysts and fund managers domestically and internationally

Internal Clients:

Sales in Nigeria, London, NY and SA

Team members

Investment Banking - DCM

Editorial

Compliance

Application Closing Date
25th May, 2012

Method of Application
Interested and qualified candidates should:
Click here to apply online

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