Available Jobs at RMB - Rand Merchant Bank

Job Description

• The Segment Finance Head supports the Chief Financial Officer by in managing the financial operations of a business segment and by leading the finance department, by providing direction, financial expertise, and leadership to drive the business segment financial performance and ensure compliance with regulatory requirements and accounting standards.
• 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.

Are you someone who can:

• Analyse department budgets, often manage the accounting function, ensure actions are legally compliant, monitor cash flow, and provide the financials for CFO review
• Collaborate with the finance team to develop and implement strategic financial plans that align with business objectives.
• Lead the budgeting and forecasting processes, provide strategic financial insights to support decision-making, and monitor financial performance against budgets and forecasts.
• Support senior management in delivering key initiatives and driving business growth.
• Ensure accurate and timely financial record-keeping, including administrator and retirement funds.
• Manage reconciliations between operational and accounting systems, as well as balance sheet reconciliations.
• Oversee year-end, interim, and month-end processes and reporting.
• Lead the external audit process and provide regular feedback to the executive team.
• Develop and maintain policies and procedures to ensure compliance and efficiency.
• Identify and mitigate financial risks through proactive strategies.
• Provide guidance on organizational budgeting and ensure expenditure remains within budget.
• Manage fund accounting and analysis, as well as general ledger and sub-ledger maintenance.
• Allocate resources and manage cash flows effectively.
• Collaborate with stakeholders to achieve business objectives and drive financial performance.
• Lead and manage a team of finance professionals to ensure the delivery of high-quality financial services.
• Develop and implement cost control measures to improve profitability, and collaborate with product and solutions and operations teams to monitor and control manufacturing costs.
• Ensure compliance with tax regulations and develop secure procedures for confidential information.
• Collaborate with stakeholders to achieve business objectives and drive financial performance.

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Job Description

• Cash Management Operations is a customer-facing role that requires extensive customer interaction and communication and vital collaboration with global teams.
• A pivotal part of your role is to process and manage the issuance of futures margin calls, monitor, and execute cash through bank accounts, and provide regulatory and default reporting.
•  Using technology to improve customer efficiency is critical and is often accomplished by using data analytics solutions to improve the customer experience and reduce the operational burden on your team.

Are you someone who can: ​

• optimise cash flow management.
• Monitor margin requirement daily and follow the escalation process where issues are experience.
• Calculate the daily Profit and Loss for Business Stakeholder review.
• Prepare daily bank reconciliations and clear all exceptions.
• Validate payment instructions against transaction documents and ensure compliance with contractual terms and regulatory requirements for the various types of financial transactions.
• Coordinate with deal management teams and counterparties to facilitate timely and accurate processing of payment instructions.
• Monitor payments deadlines and ensure adherence to cut-off times and regulatory deadlines for transfers related to settlements.
• Investigate and resolve payment exceptions and discrepancies in a timely manner, and in collaboration with internal/external parties involved in deal management and payment processing.
• Collaborate with internal stakeholders i.e., compliance and client services to address payment-related issues and mitigate risks associated with financial transactions.
• Maintain accurate records of payment instructions, confirmations and supporting documentation for audit and compliance purposes across deal and cash management activities.
• Identify opportunities for process improvements and automation within the cash management functions to enhance operational efficiency and reduce manual intervention.
• Follows documented policies and procedures to execute day to day transactions, activities, processes and ensure all Service Level Agreements (SLAs) are met
• Conduct periodic reviews and audits of payment processes to ensure compliance with industry standards and regulatory requirements.
• Liaise with external settlement agents, custodian banks, and payment networks to optimise deal settlement processes and resolve payment-related issues.
• Stay informed of developments in payment technologies, regulations, and industry best practice relevant to payments processing.
• Account setup - Opening, closing, and amending client accounts on the Global Clearing Management System and the respective internal management system.
• Ensure data quality of upstream systems and raise issues to reduce reference data inefficacy there by reducing manual work.
• Portfolio setup and amend commission structures and rating codes on client accounts.
• Setup and maintenance of general reference data attributes to support the Derivatives Clearing business.

You will be an ideal candidate if you have the following:

Qualifications

• Minimum qualification: Bachelor’s degree in finance, accounting, business administration or related field

Experience and Skills

• 3 to 5 years’ experience in a similar environment, of which 1 to 2 years ideally at a junior specialist level
• Knowledge of financial instruments, transaction structures and regulatory frameworks governing payments and deal settlements
• Strong understanding of payment processing systems/workflows, deal management processes and payment protocols
• Product knowledge in Derivatives/Fixed Income and Equities spaces
• Knowledge and experience using Futures/Derivatives systems and technology (such as GCMS, Calypso, SMART, Murex System)
• Attention to detail is a must.
• Firm understanding of the risk and regulatory requirements of a Clearing business.
• Strong analytical, time management, interpersonal, oral, and written communication skills

You will have access to: 

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

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 
   

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Job Description

• To resolve issues being experienced by Traders, systems or operations as efficiently as possible as well as report on profits daily
• Deliver against operational and cost targets
• Prioritise resource allocation to minimise and reduce wastage
• Monitor costs for the financial year according to the operational plan
• Allocate and approve expenditure
• Review cost reports and resolves or explains variances to the budget
• Identify, control and escalate potential risks that may lead to increased costs
• Manage costs or expenses within approved budget to achieve cost efficiencies
• Understand the business of the desk to provide commentary on large profit or loss movements on a daily and monthly basis
• Ensure timely and accurate reporting, analysis, submission and communication or distribution of daily PnL
• Reconcile finance PnL to the risk attributed PnL and front office estimates, and understand and resolve any material differences identified
• Provide daily commentary on PnL movements and variance investigation to front office and finance management
• Ensure that internal financial controls over PnL are adhered to
• Liaise with operations teams to resolve any settlement issues
• Liaise with platform support teams to resolve any source system issues
• Report relevant PnL and Balance sheet positions and complete the applicable reconciliations, identifying and resolving any issues
• Provide advice to the business on the PnL impact of trades and the interaction of the trading and finance systems, especially regarding proposed new trades
• Ensure that applicable accounting standards are adhered to regarding PnL reporting
• Provide PnL data and commentary to the market risk governance team for regulatory reporting
• Identify and recommend enhancements to PnL controlsm and production processes
• Promote teamwork and inclusivity amongst team members and demonstrates behaviours that respect diversity
• Partner and collaborate with team members to achieve team success
• Share information and knowledge that benefits the team

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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 Cost Accountant 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 ensure quality of the product/ service as generated by the business and productivity targets are met by leveraging resources, support functions and relationships across the business.
• Are You Someone Who Can:
• Demonstrate leadership behaviour through personal involvement, commitment and dedication in support of organisational values.
• Develop tactical strategy and delivery plans in support of functional strategic objectives in partnership with leadership.
• Establish mutually beneficial relationships with stakeholders, that support thought leadership, innovative and integrated practice solutions.
• Anticipate and meet the needs of clients and commit to continuous development and entrenchment of a customer service culture.
• Draw up a budget aligned to tactical delivery plans, monitor effectiveness and report on variances.
• Manage expenditure planning and reporting within approved budget parameters.
• Develop new insights into situations and apply innovative solutions to make organisational improvements.
• Manage people by executing management responsibilities and create an environment that encourages employee growth and performance excellence.
• Improve business profitability through efficient use of profitability model.
• Conduct cost analysis, interpret and provide insights to the business to support decision making and to seek new ways to improve profitability.
• Conduct review, scenario planning and overall budgetary process in terms of spend and forecast adjustments.
• Review, analyse and/or build, implement and maintain cost models aligned to standard drivers and methodologies to reflect both business expectations and Steerco guidance.
• Drive, influence and manage creative business solutions, optimise processes and inform strategic decisions through cost modelling and data analysis.
• Manage end to end costing projects involving a segment, business unit, function or country/region from strategy articulation through to model design and implementation.

You Will Be An Ideal Candidate If You:

• have a Bachelor of Commerce with Honours in Accounting
• have 3 to 5 years experience within a similar role
• You Will Have Access To:
• Opportunities to network and collaborate
• Challenging Work
• Opportunities to innovate