Active Jobs at RMB - Rand Merchant Bank

Job Description

• Hello Future Trade and Working Capital Sponsor Transactor,
• RMB is a place where exceptional people create their own opportunities by challenging the conventional and driving sustainable impact.
• United by our proud heritage, strong ethics and philosophy of Traditional values. Innovative ideas, it’s the magic of our people and culture that sets us apart.
• Now, is the time to imagine your next move with South Africa’s number one employer in Financial Services for 2023, where you can embrace the power of collective thinking to unlock unique opportunities for our clients and society.

Purpose:

• To originate, source, structure and manage a portfolio of investment banking clients from implementation through to termination and to ensure that the defined client transactional requirements reflected in the relevant approvals and legal agreements are implemented and adhered to.
• To develop client relations through originating, structuring and execution of deals, compiling proposals as well as overseeing the transaction. 
• To directly participate in deal origination and structuring processes and participate in deal implementation processes in the allocated sector/product to enable improved profitability, market share and competitive positioning.

Are You Someone Who Can:

• Manage and maintain the transaction by complying with internal procedures and agreed processes to effect management (prepare cash flows, obtain signatures, sending instructions to various departments), apply knowledge of Companies Act, Excon, FICA, Tax, Accounting to transaction where applicable, in implementing and managing the transaction.
• Achieve sales targets in line with performance scorecards and achieve an acceptable cost of sales ratio through pipeline managements and sales quality.
• Identify opportunities to increase sales revenue and to grow the organizational client base while containing costs
• Develop tactical strategies with retaining or signing unbanked customer base with a view to improve and increasing profitability.
• Maintain specialized knowledge on all FirstRand approved products, application procedure, fulfilment processes and timelines to drive and achieve relevant sales targets.
• Drive the maximizing of cross-selling opportunities where possible and in consultation with more experienced Transactors.
• Directly inform the client inputs during legal drafting processes, implement and manage transactions in accordance with legal and regulatory requirements and ensure full understanding of transaction.
• Achieve expected financial targets and uphold associated service levels.
• Provide a professional service to stakeholders by ensuring that transactions are managed and accounted for in accordance with legal agreements, relevant legislation and that deal activities are executed by following agreed business process.
• Understand and manage financial aspects of transactions through understanding and adherence to Legal agreements and all applicable regulatory aspects (Companies Act, Excon, IFRS, FICA, Bank’s Act, etc.), to prepare financial activities required on the transaction (e.g. Diary reminders, payments, drawdowns, invoices, etc.).
• Preparation and analysis of various financial reports required in the preparation of the insights required for client strategies.
• Interface with CIB Finance on monthly management accounts and resolve queries raised by frontline. Feedback results to Equity team monthly at team meetings.
• Adhere to internal controls and procedures to alleviate risk and prevent losses by following internal procedures and agreed processes to effect financial management (prepare cash flows, obtain signatures, sending instructions to various departments, etc.).
• Identify and understand potential risks which may lead to increased costs and collaborate with relevant stakeholders on risk mitigation strategies.
• Build trusting relationships with stakeholders through consistent and timeous communication and adherence to their requirements (systems and procedures) and evidencing an understanding thereof.
• Respond to queries from stakeholders by understanding their requirements and providing information timeously.
• Provide quality service delivery by understanding and being proactive and evidencing a good understanding of the transaction.
• Contribute to client service delivery culture through adherence to approved organizational service delivery principles
• Prepare model and reminders for required activities by using available systems.
• Manage documentation by obtaining supporting and legal documents in formats required and lodge with securities, where applicable.

You Will Be An Ideal Candidate If You:

• have a Bachelor of Commerce in Accounting
• have 4 to 5 years experience in a similar role, preferably within Banking

You Will Have Access To:

• Opportunities to network and collaborate
• Challenging Work
• Opportunities to innovate
   

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Job Description
Hello Future Implementation Specialist

• In this role you will be required to play an essential role in bridging the gap between portfolio managers (PMs) and trade execution. You will be required engage in the cash management of client investor flows, maturing instruments and distributions and ensure investment strategies are executed efficiently and within key investment restrictions. To support the management of a range of local and global CIS funds and segregated portfolios.

Are you someone who can

• Monitor daily cash positions across various Ashburton CIS funds, ensuring adequate liquidity for trades.
• Monitor daily subscriptions and redemptions and work with PMs to implement the relevant trades.
• Track distributions and upcoming maturities, coordinating reinvestment strategies as directed by PMs.
• Participate in initiating trades through the organisation’s order management system, ensuring compliance with established guidelines.
• Regularly assess portfolio drift and collaborate with PMs to initiate rebalancing when necessary.
• Implement buy and sell orders within the order management system as directed by PMs, focusing on accuracy and efficiency.
• Manage maturing instruments, including bonds, and facilitate their transition to new positions when required.
• Help optimise trade lists to reduce transaction costs and limit market disruption.
• Support the administration of local and offshore feeder funds, overseeing subscription and redemption processes.
• Alert PMs to any significant deviations between feeder and underlying funds, ensuring timely responses.
• Keep track of trade executions to verify they align with expectations, providing feedback as necessary.
• Work closely with traders to choose appropriate order types (market, limit, VWAP) for various trades.
• Provide support to the execution function where required, and execute various instrument types such as equities, fixed income, currencies, and derivatives.
• Prepare reports on portfolio and execution activities to assist in decision-making and strategy discussions.
• Communicate regularly with fund managers and relevant stakeholders about trade implementations and portfolio status.
• Use key portfolio management tools to support efficient trading and operational processes.
• Contribute to efforts aimed at enhancing existing workflows and systems to improve operational efficiency.
• Share knowledge with junior staff about trading practices and operational protocols.
• Identify and report potential risks in trading and cash management, supporting risk mitigation strategies.

You will be an ideal candidate if you:

• Minimum: Bachelor’s degree in commerce or finance or economics or equivalent
• Preferred: Honour’s degree in Commerce or Finance or Economics or equivalent
• 3 - 5 years’ experience in a similar environment, of which 1 - 2 years ideally at junior (entry level) management level
• Strong understanding of financial instruments, trading processes, and cash management. 

You will have access to:

• Opportunities to network and collaborate 
• Challenging Working
• Opportunities to innovate
• We can be a match if you have:
• Proficiency in order management systems and portfolio management technologies. 
• Familiarity with compliance regulations and investment restrictions within the asset management industry. 
• Experience working within an operations environment, ideally within an asset management business.
• Implementation experience is an advantage.
• Excellent analytical skills with attention to detail and the ability to interpret complex financial data. 
• Strong communication skills to effectively liaise with internal and external stakeholders.
• This is an office-based role requiring constant communication with the trading and investment team – some flexibility will however be available. 
• Ability to thrive in a fast-paced, dynamic environment, demonstrating strong organisational skills and the capacity to manage multiple priorities. 

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Hello Future Transaction Manager,

• RMB is a place where exceptional people create their own opportunities by challenging the conventional and driving sustainable impact.
• United by our proud heritage, strong ethics and philosophy of Traditional values. Innovative ideas, it’s the magic of our people and culture that sets us apart.
• Now, is the time to imagine your next move with South Africa’s number one employer in Financial Services for 2023, where you can embrace the power of collective thinking to unlock unique opportunities for our clients and society.

Purpose:

• To manage the life-cycle of a transaction and mitigate associated operational risks.

Are You Someone Who Can:

• Coordinate and participate in any ad hoc project as required
• Read and understand legal agreements in order to draw up an amortisation schedule and book deals 
• Derive payment amounts from the legals and amortisation schedule 
• Prepare notification to clients and submit payments to team leader for approval
• Ensure all legal requirements are fulfilled before draw down can occur
• Ensure all ongoing deal management tasks are performed in line with the legal agreements
• Settle all instruments on the correct systems
• Clear reconciliation and exception report items within SLA timeframes
• Respond to queries from internal and external stakeholders
• Prepare financial statements, investor reports and other reports required by the regulators
• Continually look for ways to enhance efficiencies
• Demonstrate pride in the organisations brand services and products by consistently delivering on the brands promise
• Follow through to ensure that personal quality and productivity standards are
• consistently and accurately maintained
• Stay relevant and up to date with legislations and new development
• Maintain a positive attitude and respond openly to feedback
• Handle stress in ways that do not negatively impact others
• Plan and manage own workflow anticipating obstacles juggling priorities and following through on objectives within agreed time-frames and according to quality standards
• Take ownership of personal career development leveraging formal and informal opportunities
• Read situations and organisational realities
• Set aside personal agenda for the greater good
• Act in an ethical transparent and morally defensible manner including highlighting unethical practices
• Continually share debate and communicate learnings
• Flag and debate issues constructively
• Promote a friendly cooperative climate

You Will Be An Ideal Candidate If You:

• have a Bachelor’s Degree in Finance, Accounting, Economics, or Business Administration.
• have 3 to 5 years’ experience in a similar environment, of which 1 to 2 years ideally at junior (entry level) management level

You Will Have Access To:

• Opportunities to network and collaborate
• Challenging Work
• Opportunities to innovate
   

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Hello Future Fraud Administrator,

• RMB is a place where exceptional people create their own opportunities by challenging the conventional and driving sustainable impact.
• United by our proud heritage, strong ethics and philosophy of Traditional values. Innovative ideas, it’s the magic of our people and culture that sets us apart.
• Now, is the time to imagine your next move with South Africa’s number one employer in Financial Services for 2023, where you can embrace the power of collective thinking to unlock unique opportunities for our clients and society.

Purpose:

• To action identified fraud incidents, execute appropriate fraud mitigation interventions based on the type of fraud in order to prevent further losses that may be incurred by the bank or clients, report system failures that poses a risk to the bank and clients or staff or external parties that pose a fraud risk to the bank or clients. People, processes or systems that pose a fraud risk to the bank and clients should be addressed and reported.

Are You Someone Who Can:

• Minimize financial losses to FRB and clients by executing detection duties and interventions as soon as fraudulent incidents have been detected.
• Deliver exceptional service that exceeds Clients’ expectations through proactive, innovative and appropriate solutions that are delivered in a timely manner.
• Feedback to clients on a regular basis until the incident is closed and the client is satisfied with actions taken. It includes explaining the fraud investigation process and return of secured funds to the client and the gathering required documentation.
• Build productive working relationships with various experts and counterparts within the banking industry and the broader fraud community.
• Active participation in and contribution to specialist practice forums to share information and insights across the business.
• Conduct detection activities and fraud intervention in line with applicable laws and processes to effect quick resolution of fraudulent matters
• Execute fraud detection practices according to the identified fraud event types, and manage cases end to end from detection to resolution using appropriate guidelines.
• Analyse and compare transactions and documents to determine authenticity and assign required Client identification category (find Client not fraud, find Client is fraud, can't find Client) and fraud type.
• Open SECM fraud cases and compile relevant and comprehensive case related documentation in the required format for the appropriate resolution of fraud cases.
• Manage cancellation process for required transaction method based on product (e.g., card, digital or accounts) of fraudulent activity by cancelling cards or putting holds on accounts. Provide access to transact once Client has been identified.
• Liaise with relevant internal and external stakeholders including bureaus and other banks to ensure correct validation of Client information and security checks.
• Extract and share insights, trends and lessons learnt from root cause analysis applied in detection to inform further fraud prevention improvements across a wide range of processes and systems.
• Compile and communicate accurate and timely reports on fraud cases and track progress made. Keep key stakeholders informed of case status including updating relevant information systems and tools (e.g., SECM, Hogan etc.) accessed by the fraud community.
• Manage own development to increase own competencies.
• Demonstrates pride in the organization’s brand, services and products by consistently delivering on the brands promise.
• Plan and manage own workflow, anticipating obstacles, juggling priorities and following through on objectives within agreed timeframes and according to quality standards.
• Stay relevant and up to date with legislations and new development.
• Maintain a positive attitude and respond openly to feedback.
• Handle stress in ways that do not negatively impact others.
• Take ownership of personal career development, leveraging formal and informal opportunities.
• Act in an ethical, transparent and morally defensible manner, including highlighting unethical practices.
• Continually share, debate and communicate learning’s.
• Flag and debate issues constructively.
• Contribute to a friendly, co-operative climate in working with others to achieve collective goals.
• Be sensitive to others’ feelings, needs, values, views and attitudes and be courteous and diplomatic when dealing with difficulties and problems others may be experiencing (EQ).
• Ensure cross skilling plan is implemented.

You Will Be An Ideal Candidate If You:

• Have a Diploma or equivalent in Finance, Business, Criminal Justice, Risk Management, or a related field. a Bachelor's degree in Finance, Business Administration, Forensics, Criminal Justice, or a related field would be advantageous. 
• have 1 to 3 years’ experience in a similar environment.

You Will Have Access To:

• Opportunities to network and collaborate
• Challenging Work
• Opportunities to innovate
   

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Job Description

• Hello Future Production Support Specialist!
• RMB is a place where exceptional people create their own opportunities by challenging the conventional and driving sustainable impact.
• United by our proud heritage, strong ethics and philosophy of Traditional values. Innovative ideas, it’s the magic of our people and culture that sets us apart.
• Now, is the time to imagine your next move with South Africa’s number one employer in Financial Services for 2023, where you can embrace the power of collective thinking to unlock unique opportunities for our clients and society.
• In this role you will liaise with Business Analysts, development teams, business users, project teams and vendors to provide end-to-end production and project support for all applications in production to ensure the smooth running of day-to-day activities and to optimise the efficient performance of the applications and related process

Are you someone who can:

• Provide specialist business and systems support to Corporate and Investment (C&I) banking clients to help minimise business disruption and enable business continuity. This role provides support to a platform that operates 24x7 with business hours- Monday to Sunday and will include some out of hours activity to support both anticipated and unplanned system changes.
• Serve as a liaison between various product and client engagement teams.
• Provide end to end resolution of production queries raised by the client engagement teams while also ensuring constant liaison activities with relevant stakeholders till resolution.
• Troubleshoot existing integrations and providing technical support to our C&I clients.
• Communicate product and detailed data specifications to clients and partners as needed in technical or non-technical client meetings.
• Perform full system, data integrity and user acceptance testing with technology platforms.
• Provide technical expertise and guidance to clients’ representatives and technical specialists.

You will be an ideal candidate if you:

• Have a relevant Degree
• Have 3-5 years technical and support experience and experience of working hands-on with a variety of platform technology
• At least two years’ exposure to Foreign Exchange preferably in a Banking environment and/or related Industry knowledge
• In-depth knowledge of SWIFT (MT and MX message formats); ISO 20022 cross-border payments and reporting (CBPR+) messages.
• Knowledge of Balance of Payments Reporting (BOP) reporting to SARB and exchange control processes.
• An understanding of a Dealing desk which facilitates trades.
• Knowledge of API integrations and providing technical support on the same, preferably in a Banking environment, and experience in reading log files
• Knowledge of relevant internet and connectivity protocols.
• Experience with SQL and a variety of databases .e.g. MySQL etc. (internal and external APIs, file transfers, and SQL queries).
• Knowledge of API's (REST) and the ability to understand JSON/XML/SQL files.
• Expert experience in reading log files, understanding of reading traceroute and telnets.
• Experience with SQL and a variety of databases .e.g. MySQL etc. (internal and external APIs, file transfers, and SQL queries).

You will have access to:

• Opportunities to colborate and create innovative solutions for our clients
• Work in a dynamic team and hone your Foreign Exchange knowledge and skills

We can be a match if you are:

• Curious & courageous - you're driven by always wanting to know more and learn more and you're brave enough to
• Obsessed with mastery - you know what it takes to become good at what you do and are constantly pushing yourself to do it