Opportunity as a Transactional Banking Officer – Channels and Implementation at Rand Merchant Bank

Application Deadline: June 28, 2024

One of the biggest financial services organizations in Africa, Rand Merchant Bank (RMB) is a prominent corporate and investment bank in Africa, operating as a division of FirstRand Bank Limited. We provide cutting-edge, value-added finance, trading, corporate banking, advice, and primary investment services to our clients.

Rand Merchant Bank is hiring qualified individuals to cover the following positions:

Job Title: Transactional Banking Officer – Channels and Implementation

Job application ID: R13988
Job Location: Lagos
Job type: Full-time

Job Description

– A Channels and Implementation Officer will assist with all Transactional Banking activities within the TXB business and provide support for the DTS Business unit. RMB Nigeria is seeking to appoint this individual.

– To meet the revenue targets for transaction banking, employees must engage clients efficiently and make cross-sells inside the RMB Banking division section.

Job Responsibilities

It is the duty of an appointed employee to assist in achieving the TXB budget by offering more assistance through:

– keeping an eye on and providing a weekly and daily summary of liabilities movements

– monitoring and providing stakeholders with a weekly transaction banking report.

– tracking and keeping an eye on the TXB Fixed Deposit product, and each month, reconcile fees with GTSY & Finance.

– performing a financial analysis of each associated deposit revenue stream in order to support the weekly and monthly predictions of liabilities.

– assembling the EXCO, Board, and Year- end Strategy reports in collaboration with the team members.

– maintaining all client TXB price records and official client communications.

– assisting with staff and client training and presentations as part of the deployment processes to implement route to market plans for new product deployment.

– participation in the TXB sales campaign to bring in new and existing customers to the bank for transactional banking services.

– attending calls pertaining to technical concerns with the sales representatives.

– taking part in the TXB meetings every week.

– doing research and creating PowerPoint presentations to introduce TXB products to potential and current customers.

– preparing readable materials for pre-call briefs prior to client calls when bank EXCO is present.

– taking an active part in the next TXB customer acquisition/onboarding plan.

Product Manager related activities

– developing peer-to-peer analyst reports and presentations using data inputs such as MIS activity and sales pipeline reporting to support TXB FINTECH and digital channel adoption strategies and projects.

– Help with the planning, directing, and completion of NPA and DCF deliverables.

– Monitor your transactional banking. Deliverables for TXB projects and products that manage deadlines and dependencies.

– Help with the creation of business cases for new or improved products as well as business requirement specifications (BRS) for RMBN online.

– TXB services & assistance with Implementation.

– Possess a solid understanding of the pertinent systems, their interdependencies, and how they support TXB business and client activities.

– Help with customer handholding, training, and onboarding on RMB Online. Track and monitor channel throughput, volumes, and values.

– Interacting with inactive corporate channel clients to determine the reasons behind their inactivity and bringing the issues to senior Transformers for possible intervention.

– Ability to manage client issues in order to handle or review client issues, provide second level help.

– Making plans for business continuity and team support

– Providing support to TXB team members when they are on leave or for training.

Experience and Qualifications

The chosen applicant must:

– hold a relevant degree and have worked in the financial services industry for at least seven years.

– demonstrate familiarity with and understanding of fixed deposit products

– have a professional qualification or a master’s degree which will be advantageous.

Technical skills

– strong aptitude for analysis.

– awareness of the applicable exchange control laws.

– proficiency with Power Point and Excel.

– strong written and vocal communication skills.

– profile of Human Relations.

– the capacity to lead a group of people to accomplish goals.

– the capacity to establish and preserve positive relationships.

– strong morals and integrity.

– team -focused.

– has a client-focused method of working.

– meticulous and well-organized.

– self-starter who can complete tasks with no direction

– outstanding problem-solving abilities and a “can do” mentality

– adaptable as needed

– exemplary work ethic and capacity to function in a fast-paced setting

How to apply

Competent and interested should: click on the link to apply