Job Vacancies at Stanbic IBTC Bank, Nigeria

Lagos, Nigeria Posted 3 years ago Posted on Banking / Finance / Insurance, Customer Service

Stanbic IBTC Bank is recruiting to fill the following positions:

1.) Actuarial Specialist - SIIL
2.) Fund Manager, Alternative Investment
3.) Fund Manager, RSA Funds
4.) Relationship Manager - Commercial Banking (Lagos Island)
5.) Relationship Manager - Commercial Banking (Lagos Mainland)
6.) Team Lead - Commercial Banking

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.

See job details and how to apply below.

1.) Actuarial Specialist - SIIL

Job ID: 56361
Location: Lagos Island, Lagos
Job Sector: Insurance

Job Purpose

Supports the Executive Director: Technical in developing & pricing solutions for SIIL across the different channels, Experience investigation, Actuarial valuation, Capital & Risk management function. Supports the Business Units through clear understanding of all data and customer insights that helps in developing optimal customer solutions for SIIL.
Engages with different stakeholders with the intention of creating buy in and pricing solutions that assists the business in optimising risks from solutions whilst reducing the customer financial risks and assisting them to meet their personal goals.
Creates in-depth understanding of the business processes that SIIL utilize to engage and serve customers. Utilizes the resultant understanding to develop & price solutions that meet customer needs and assists the Stanbic IBTC group in meeting their life insurance business goals.

Key Responsibilities/Accountabilities
Product Development, Pricing and Implementation of solutions:

Assists in driving new solutions for the businesses across all areas and channels:
- Embedded Risk Business
- Direct Life Business
- Advisory Business
Develop solutions in line with the Product management framework & Future Ready standards of modularity and portability
Pricing of the products to meet profitability and risk appetite for the business
Preparing a new product pricing report in line with the product management framework for any new product to be launched
Facilitates the establishment of the UFSO for the business by getting in depth understanding of customer needs through data analytics and insights from the underlying Stanbic IBTC Group and utilising the insights to drive good solutions for customers.
Develops and maintains working relationships with other functional product areas in the groups within the UFSO for Stanbic IBTC Wealth, Bank, other subsidiaries and external partners.
Provide strategic insight into risk business projects to ensure project effectiveness, efficiency and spend is aligned with business goals

Product Maintenance:

Updating the immediate & regulatory annuity rates on a regular basis to ensure its in line with prevailing market conditions and the business’s risk appetite
Re-price for any improvements and changes to existing products
Assess industry trends, market size and structure, competitor benchmarks, and reviews competitor analysis for existing solutions.
Develops relevant metrics to manage existing business and tracks the metrics to ensure that the business that is in force is managed optimally.
Calculates existing metrics like loss ratios, asset liability management matching, persistency and other critical metrics to assist the business to assess impact of current solutions and gives ideas on managing the solutions.
Tracks legislative changes that impact our solutions and initiates changes to ensure that all our solutions are in line with legislative requirements.
Research and apply critical thinking to industry trends, competitor dynamics and current/ potential future events to provide relevant business insights
Sourcing relevant research on the life insurance solutions industry, competitors and other relevant market players for input into business cases, business planning, strategy reviews

Developing Innovative Solutions:

Collaborate effectively with team members, Stanbic IBTC senior stakeholders and external partners facilitating development of innovative risk solutions
Price innovative risk solutions that assists customers in meeting their day today needs and also integrate well with the broader Finance Solutions in the Bank.

Data Analysis and Process Review:

Drive the annual pricing review for all solutions in time for the business review.
Drives all the required experience investigations exercises to ensure that the pricing reviews align to the latest experience on the book.
Assist in the provision of actuarial insights in the management of leads and ensure that the business offers appropriate solutions to customers.
Reviews system changes and ensures that changes are deployed correctly on the Life Insurance systems and the corresponding bank systems.

Actuarial Valuation and Risk Management Functions:

Perform and review periodic actuarial valuation work covering; data, Reserves, Value of New Business (VNB) & Embedded Values (EVs).
Drafting half-year and full year actuarial valuation reports for external statutory actuaries.
Build and Run the Regulatory and Economic Capital (ECAP) calculations for SIIL
Reporting and communicating actuarial analytics.
Supporting the SIIL Finance team with actuarial finance reporting.
Support the Risk Management function within SIIL by producing relevant Management Information.
Support the development and implementation of Risk Management projects and initiatives.

Preferred Qualification and Experience

A Bachelor's degree in Actuarial Science, Must possess the desire and willingness to continue writing Actuarial Exams, Must possess the desire and willingness to develop insurance solutions and improve customer experience.
5-7 years Superior understanding of the Insurance business
Excellent Microsoft Office Suite skills.
Professional Certifications in Finance related fields
Advanced/Professional Degree or Professional Qualification in a relevant discipline is desirable.
Strong Analytical/Numeric skills.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online

2.) Fund Manager, Alternative Investment

Job ID: 56338
Location: Lagos Island, Lagos
Job Sector: Financial Services

Job Purpose

The Fund Manager, Alternative Investments would be responsible for the development of SIPML’s alternative investment portfolio working with the relevant business teams, ensure professional management of alternative investment portfolios towards achieving the Company’s business objectives.

Key Responsibilities / Accountabilities
Technical & Portfolio Management:

Research & Data analysis capabilities
Analytical and quantitative background
Understanding of capital markets concepts and structured products
Understanding of Alternative Investment (E.g Power, Energy, Infrastructure) documentation and execution processes
Understanding of ratings process
Accurately interpret and apply regulatory and complex legal concepts
Responsible for spotting investment opportunities within the regulatory framework
Responsible for transaction structuring.

Manage Investment Opportunities with Key Industry Clients:

Manage clients expectation with regards to portfolio performance
Maintain key relationship with clients
Attend periodic Investment Committee and Advisory Committee meetings to communicate fund performance, economic and financial market outlook that might impact performance of assets under management on request
Ensure the Alternative Investment portfolio is within the top 20 percentile on a risk-adjusted basis
Monitor Alternative investments, economic conditions, markets and portfolio performance with respect to stated investment objectives/goals and make appropriate recommendations to the Head of Department
Responsible for identifying and sourcing alternative investment opportunities.
Maintain competitive watch and market intelligence on the performance of competitors in the industry.
Ensure strict adherence to the guidelines, risk management and investment policies set by the Fund’s Investment Committee.
Maintain important relationship with clients and counterparties
Ensure the timely rendition of returns to clients and regulatory authority
Periodic (monthly, quarterly, yearly) comparative analysis of fund performance.

Fund Performance and AUM Growth:

Alternative Investment Mandates
Responsible for the growth of portfolios under management
Accountable for investment returns for alternative asset portfolios
Continuously evaluate the external environment and assess the impact on the Fund's activities. Where required, recommend necessary changes to plans.
Preparation of periodic Fund performance reports vs benchmarks and targets
Preparation of periodic reports on growth in assets under management for SIPML and the industry including market share analysis.
Monitoring the performance and growth in assets under management of competitors.

Stakeholder Engagement:

Proactively develop relationships with key external stakeholders including relevant to the alternative asset portfolios to ensure Stanbic IBTC gets appropriate co-operation when required
Manage relationships with internal stakeholders.
Hold primary relationship with clients and handle all aspects of client interaction including coordinating and execution of transactions.
Monitor client account performance and service client needs to retain existing clients.

Manage the Fund Risk:

Adherence to the guidelines set by the Investment Committee and terms of the Fund with respect to Investment Processes
Ensure adherence to all Company’s standards/policies.
Ensure regulatory & legal compliance.
Ensure adherence to all ESG policies and Stanbic IBTC SEE framework
Assist in monitoring markets and pre-empting risk for both clients and Stanbic IBTC.

Preferred Qualification and Experience

Post Graduate qualifications in Finance, Economics, Accounting, Engineering or other relevant degree. Other relevant qualifications including qualifications such as a Masters, and MBA is required
Master's in Business Administration; Strong Analytical/Numeracy Skills; Insight and knowledge of local and international practices in pensions and retirement benefit industry; In-depth understanding and practical knowledge of Asset/Fund Management industry.
Certified Financial Analyst (CFA)
Minimum 10 years post qualification experience with at least 4 years spent in the Financial Sector and 4 years in top management position Experience in Investment Banking, Project Finance, Infrastructure Finance and Advisory, Credit, Asset management/pension fund investment.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online

3.) Fund Manager, RSA Funds

Job ID: 56339
Location: Lagos Island, Lagos
Job Sector: Financial Services

Job Purpose

The Fund Manager RSA is a senior Investment Manager who will provide leadership and strategic direction including development and compliance with the investment strategy, asset allocation, processes, policies and guidelines.
The role holder will stay abreast of industry trends and will provide insight and recommendations to the Investment Committee regarding new strategies, concepts and applications.
Maximise investment value by managing the portfolios within the framework of the overall portfolio strategy and objectives.
The role holder will assist in the new business development on a regular basis as well as analytical support in preparation of annual budgets, evaluation of variance and trends in achieving budgeted income.

Key Responsibilities / Accountabilities
Develop and implement the broad investment strategy:

Monitoring global macro events and assessing implications on markets and client portfolios assigned under team.
Ensuring disciplined implementation of well-defined investment views and rational strategy.
Ensure assigned team portfolios are managed according to specific client investment objectives and constraints.
Monitor and ensure implementation of generated and evaluated ideas in maximizing clients’ portfolio performance.
Interface with strategy teams and research groups to understand and implement internal recommendations.

Portfolio Construction and implementation of strategic investment policies:

Ensure asset allocation strategy within investment portfolios aligns with broad internal asset allocation strategy
Consistently monitor the execution of the investment process whilst ensuring portfolio construction is aligned with the process and asset allocation outlook provided by the strategy teams.
Lead and mentor members of the investment team and help ensure a productive allocation of the team’s resources.
Manage or co-manage the tactical strategies agreed on portfolios from time to time.
Coordinate inputs on investment mandates and strategies.

Evaluation of all relevant investment research to ensure portfolio decisions follow Internal investment policy and risk framework:

Ensure disciplined and industry accepted process is followed in determining valuations of investment securities in client portfolios.
Responsible for team articulation of current economic and market views, outlook, portfolio positioning and construction
Responsible for ensuring changing market dynamics are properly monitored and included in strategic and tactical strategies.
Provide broad analytical and fundamental investment support to the team regarding well researched opportunities.

Articulation of effective coordination of investment communication with internal and external clients:

Articulate structure of presentation materials that provides information to clients for their understanding of the investment strategy and returns on their portfolios
Ensure the portfolio is structured to meet the ever changing objectives and needs of clients.
Collaborate with business development teams to provide analysis and proposals to gain new business.
Participate in client and prospect presentations on a regular basis
Contribute to quarterly investment commentary and provide ongoing communication both internally and externally as it relates to investment strategy
Develop and lead corporate culture in a positive manner and have input into the strategic direction of the company

Monitor the income and performance benchmarks on the fund against the budget:

Track the income generated across all funds against the budgeted income. Evaluate the variance and trends in achieving the budgeted income.
Ensure that all investment decisions made on the Fund enhance the return.
Track the performance of the Funds against the benchmark and the annual target returns and ensure the team is aligned with the objective to outperform the performance metrics and inflation.

Enhance open investment ideation and communication:

Promote an open communication culture amongst team members and the Head Investments.
Provide direction to team members on all cascaded business objectives.
Eliminate key man risk by building capacity and knowledge amongst team members

Preferred Qualification and Experience

B.Sc. in Finance, Engineering, Actuarial Science, Economics and other related fields
Master’s Degree or relevant professional qualification. A first-level university degree in combination with additional years of qualifying experience may be accepted in lieu of advanced university degree.
Wealth Management
Finance

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online

4.) Relationship Manager - Commercial Banking (Lagos Island)

Job ID: 56087
Location: Lagos Island, Lagos
Job Sector: Banking

Job Purpose

A Relationship Manager is accountable for a portfolio of Commercial Banking Clients. Commercial Banking Segment is for Companies who carry out a turnover of at least N2billion for Tier 2 and at Least N5bn Turnover annually for Tier 1.
It is expected that the RM integrates and coordinates all Stanbic IBTC and Standard Bank Group products, services and resources in order to maximize the value of the business relationship and ensure profitability for the Bank and the Client.

Key Responsibilities / Accountabilities

Effective Relationship Management to deliver the financial and non-financial Commercial Banking targets for the portfolio.
Execution of the Bank’s Commercial Banking strategic initiatives and activities towards managing clients in the portfolio, to ensure full mining of each relationship and optimization of both customer experience and profitability for the Bank.
Engagement with Commercial Banking Partners
Ensure Compliance of all accounts in the portfolio

Preferred Qualification and Experience

First Degree
A professional qualification or 2nd degree will be an added advantage
Minimum of 7 years experience in Relationship Management
Minimum of 2 years experience in Corporate Banking or Finance

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online

5.) Relationship Manager - Commercial Banking (Lagos Mainland)

Job ID: 56088
Location: Lagos Mainland, Lagos
Job Sector: Banking

Job Purpose

A Relationship Manager is accountable for a portfolio of Commercial Banking Clients. Commercial Banking Segment is for Companies who carry out a turnover of at least N2billion for Tier 2 and at Least N5bn Turnover annually for Tier 1.
It is expected that the RM integrates and coordinates all Stanbic IBTC and Standard Bank Group products, services and resources in order to maximize the value of the business relationship and ensure profitability for the Bank and the Client.

Key Responsibilities/Accountabilities

Effective Relationship Management to deliver the financial and non-financial Commercial Banking targets for the portfolio.
Execution of the Bank’s Commercial Banking strategic initiatives and activities towards managing clients in the portfolio, to ensure full mining of each relationship and optimization of both customer experience and profitability for the Bank.
Engagement with Commercial Banking Partners
Ensure Compliance of all accounts in the portfolio

Preferred Qualification and Experience

First degree
A professional qualification or 2nd degree will be an added advantage
Minimum of 5 - 7 years experience in Relationship Management
Minimum of 2 years experience in Corporate Banking or Finance

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online

6.) Team Lead - Commercial Banking

Job ID: 56089
Location: Lagos Island, Lagos
Job Sector: Banking

Job Purpose

A Relationship Manager is accountable for a portfolio of Commercial Banking Clients. Commercial Banking Segment is for Companies who carry out a turnover of at least N2billion for Tier 2 and at Least N5bn Turnover annually for Tier 1.
It is expected that the RM integrates and coordinates all Stanbic IBTC and Standard Bank Group products, services and resources in order to maximize the value of the business relationship and ensure profitability for the Bank and the Client.

Key Responsibilities/Accountabilities

Effective Relationship Management to deliver the financial and non-financial Commercial Banking targets for the portfolio.
Execution of the Bank’s Commercial Banking strategic initiatives and activities towards managing clients in the portfolio, to ensure full mining of each relationship and optimization of both customer experience and profitability for the Bank.
Engagement with Commercial Banking Partners
Ensure Compliance of all accounts in the portfolio

Preferred Qualification and Experience

First Degree
A professional qualification or 2nd degree will be an added advantage
Minimum of 7 years experience in Relationship Management
Minimum of 2 years experience in Corporate Banking or Finance

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online

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