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
- Project management
Personal Competencies:
- Excellent interpersonal and communication skills
- Excellent writing skills
- Leadership skills
- Attention to details
- Team player
Application Closing Date
27th August, 2015.
How to Apply
Interested and qualified candidates should:
Click here to apply online