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.
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 debt capital market 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.
We are recruiting to fill the position below:
Job Title: Associate, Debt Capital Market
Job ID: 12895 Location: Nigeria
Division: Investment Banking
Position Category: IB Management
Employment Type: Full Time - Permanent
Position Description
The primary purpose of the job is to actively contribute towards achieving the goals of the DCM team by:
Support origination of DCM transactions in Nigeria, with corporate entities, supra nationals, sub-nationals and related entities
Manage or assist manage transaction execution across all product categories including; vanilla bonds and commercial papers, equity linked and structured credit products, as well as supervising analysts in the deal team
Contributing towards generation of ideas that lead to product innovation, better transaction management and zero tolerance lapses in fulfilment of compliance requirements
Integration with the various Global Markets, credit structuring and sales platforms, and making use of these areas and technology to incorporate derivatives or other strategic solutions within a financing structure (structured capital markets)
Assisting with origination and growth of cross border DCM opportunities, thus playing a strong role in the further development of the Standard Bank Group’s DCM franchise
Building close relationship with investors
Participating in industry advocacy and contributing to the overall growth of the Nigerian Debt Capital Markets
Key Responsibilities
Assist in spotting origination opportunities for both domestic and international DCM transactions
Pitch book development and preparation of other client marketing materials
Lead transaction execution and manage the members of the deal team
Assist with transaction structuring
Prepare transaction documentation including prospectus, term sheet, financial models, presentations and marketing materials
Work with the legal team to review all legal documentation, as well as participate in negotiating transaction agreements
Coordinate and manage relationships with all transaction parties
Assist with providing ratings advisory service to clients
Engagement with the regulators, particularly the Nigerian Securities and Exchange Commission, The Nigerian Stock Exchange and National Pension Commission
Actively drive investor engagement and distribution
Supervise junior team members (analysts) to acquire knowledge of and apply “Departmental Operating Manual” for DCM unit
Supervise and monitor analysts to ensure compliance with KYC, mandate approval process, conflicts clearance and other internal processes for all transactions
Support development of the Investment Banking Analyst Pool
Ensure that all transaction documentation and processes are in compliance with regulatory requirements
Actively monitor changes to the rules and regulations pertaining to capital and money market activities
Representation at industry or regulatory committees
Key Performance Measures
Number of pitch books prepared for domestic and international bonds and other origination support
Number of deals closed and efficiency of execution process
Positive client feedback on live mandates
Quality of pitches and transaction documents prepared
Effectively juggling multiple tasks and sticking to agreed timelines
Distribution capability for Bonds and Commercial Paper
Positive improvements in tasks delegated to junior analysts and interns
Independently developed product solution templates / ideas
Quality of formal and informal engagement with clients, regulators and investors
Satisfactory internal compliance and audit ratings
Required Skills and Qualifications
Qualifications:
Education: BA/B.Sc Degree
Masters Degree/Professional Qualifications such as ACA / CA / CIMA / CFA advantageous
Experience:
Minimum of 3 years working experience
Experience within debt capital markets or debt advisory/lending in Nigeria or other emerging or developed markets would be important
Required Competencies
Technical Competencies:
Analytical and quantitative background
Understanding of DCM and structured products
Understanding of debt capital markets documentation and processes
Understanding of ratings process
Accurately interpret and apply regulatory legal concepts