Research Analyst at Rand Merchant Bank (RMB)

Rand Merchant Bank (RMB), a division of FirstRand Bank Limited, is a leading African corporate and investment bank and part of one of the largest financial services groups in Africa. We offer our clients innovative, value-added advisory, funding, trading, corporate banking and principal investing solutions.

We are recruiting to fill the position below:

Job Title: Research Analyst

Job Requisition ID: R41849
Location: Lagos
Job type: Full-time

Job Description

• To provide independent and high-impact macroeconomic, sectoral, and market research to inform investment decisions, enhance origination efforts, support clients’ decision-making and strengthen RMBN’s thought leadership position in the Nigerian market.

Responsibilities
The successful candidate will be responsible for:

• Conducting in-depth macroeconomic, financial market, and sectoral research to support RMBN’s credit, investment banking, markets, and treasury businesses.
• Developing and maintaining economic models, forecasts, and databases tracking key indicators (GDP, inflation, exchange rates, interest rates, fiscal metrics, commodity prices, etc.).
• Preparing timely research publications — including economic updates, market reports, thematic reports, and investment briefs — with clear, actionable insights where applicable.
• Undertaking analysis, sector mapping, and policy impact assessments relevant to clients and strategic sectors (e.g., infrastructure, energy, telecommunications, agriculture, manufacturing, and financial services).
• Supporting senior management and coverage teams with analytical input for client pitches and investor briefings.
• Monitoring global and regional trends, identifying risks and opportunities for RMBN and its clients.
• Liaising with regulators, MDAs, and data agencies to ensure data accuracy and regulatory insight.
• Ensuring rigorous data integrity and consistency across research outputs.
• Implementing best practices in analytical methodology, visualization, and presentation.
• Supporting the development of RMBN’s thought leadership through participation in external forums, media engagements, and industry events.
• Demonstrating a commitment to continuous personal improvement and encouraging the same in others.
• Building and sustaining collaborative working relationships with relevant peers and stakeholders to achieve productivity synergies across the bank.

Experience & Qualifications

• A Bachelor’s Degree in Economics, Finance, Statistics, or related quantitative discipline.
• A Master’s degree, CFA/FRM certification, or progress toward same is advantageous.
• At least 5 years of work experience in macroeconomic or sector research, investment banking, asset management, or policy research environment.
• Demonstrable experience producing professional-grade research reports, models, and market commentaries.
• Advanced proficiency in MS Excel, PowerPoint, and analytical tools.
• Strong understanding of Nigeria’s macroeconomic and financial market dynamics, regulatory frameworks, and sectoral drivers.
• Understanding of macroeconomic and market dynamics in key West African markets, a plus.
• Working knowledge of French is an advantage.

General Competencies:

• Strong quantitative and qualitative research capabilities.
• Skilled in economic modeling, data interpretation, and scenario analysis.
• Exceptional business writing and data visualization skills; able to distill complex insights into clear narratives.
• Confident presenter — comfortable engaging technical, external or senior audiences.
• Deep awareness of market trends, and investment implications as well as ability to translate research into actionable commercial insights.
• Able to manage multiple priorities and deliver high-quality outputs under pressure.
• Collaborative mindset and strong ethical grounding.

Application Closing Date
9th January, 2026.