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:
Job Title: Vice President, Debt Capital Market
Job ID: 16112
Location: Lagos Island
Job Sector: Investment 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
The primary purpose of the job is to actively contribute towards achieving the goals of the DCM team by:
- Actively leading and providing dependable support for origination of DCM transactions in Nigeria, with corporate entities, supra nationals, sub-nationals and related entities
- Coordinating transaction execution across all product categories including; vanilla bonds and commercial papers, equity linked and structured credit products, as well as supervising analysts and associates executing the transactions
- 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)
- Generating ideas that lead to product innovation, better transaction management and zero tolerance lapses in fulfilment of compliance requirements
- 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 clients, regulators and investors
- Participating in industry advocacy and contributing to the overall growth of the Nigerian Debt Capital Markets
Key Responsibilities/Accountabilities
Origination Responsibility:
- Spot origination opportunities for both domestic and international DCM transactions
- Prime responsibility/ownership for all pitch books and marketing materials
- Support origination efforts including presentation to clients and follow-up client engagement
- Build closer personal relationships with key clients through informal engagements
- Active participation at all Client Coverage meetings and frequent engagements with Client Coverage Sector Heads, to develop opportunities in Client Account Plans
Execution Responsibility:
- Coordinate transaction execution to ensure successful closure
- Facilitate transaction structuring
- Review work of analysts and associates and oversee transaction documentation including prospectus drafting, term sheet, financial models, presentations, marketing materials and legal documentation
- Coordinate and manage relationships with all transaction parties
- Provide ratings advisory service to clients
- Engagement with the regulators, particularly the Nigerian Securities and Exchange Commission, The Nigerian Stock Exchange and National Pension Commission
- Coordinate investor engagement and distribution
Talent development for analysts and associates:
- Mentor junior members of the team and monitor their training and development plan
- Conduct appraisals for junior team members
- Support development of the Investment Banking Analyst Pool
Risk and Compliance:
- 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
- Supervise analysts and associates to proactively ensure diligent record keeping and adherence to compliance processes
- Ensure that DCM processes and procedures are documented in always-up-to-date Procedures Manual
Industry Advocacy:
- Proactively anticipating market developments and leading with product innovation
- Representation at industry or regulatory committees
Key performance measures
- Number of leads identified for domestic and international bonds and deals originated
- Number of deals closed and efficiency of execution process
- Positive client feedback on live mandates
- Quality of pitches and transaction documents prepared by the team
- Implementation of new DCM products and structured solutions
- Quality of training and development for analysts and junior associates within the DCM team
- Quality of formal and informal engagement with clients, regulators and investors
- Satisfactory internal compliance and audit ratings
Preferred Qualification and Experience
- Education: BA/B.Sc Degree
- Masters Degree/Professional Qualifications such as ACA / CA / CIMA / CFA advantageous
Knowledge/Technical Skills/Expertise
- Minimum of 6 years working experience
- Experience within debt capital markets or debt advisory in Nigeria or other emerging or developed markets would be important
Application Closing Date
28th March, 2016
How to Apply
Interested and qualified candidates should:
Click here to apply online