Stanbic IBTC Bank PLC, apart of the Standard Bank Group is recruiting for a Credit Research Analyst. Stanbic Bank Nigeria was merged IBTC Chartered Bank PLC to form Stanbic IBTC Bank. The merger, by way of the first ever tender offer in Nigeria and a $525 million FDI. Stanbic IBTC Bank PLC through its wholly owned stock broking and asset management subsidiary, IBTC Asset Management Limited has several excellent mutual funds including the IBTC Nigerian Equity Fund, which is Nigeria's largest mutual fund with a net asset value in excess of N25 billion (as at December 2007). It is the only bank that has a direct subsidiary that is a pension fund administrator; through the market leading IBTC Pension Managers Limited (IPML). Job Title: Credit Research Analyst Job ID: 8784 Location: Lagos Main Purpose of the Job To take responsibility for coverage of corporate and sub-national entities in Nigeria that issue securities carrying credit risk such as Commercial Paper, Corporate and Sub-national Bonds. The candidate will form and maintain a view on the credit quality of designated issuers, produce written research and communicate with internal and external clients on the names - Conduct financial analysis on designated corporate and sub-national entities issuing relevant securities
- Develop/maintain opinions on the credit strength of designated companies and state governments, based on quantitative and qualitative analysis and make investment recommendations
- Produce timely, commercially relevant research , both maintenance and thematic on the relevant names/sectors
- Communicate opinions in writing and orally to Buy Side analysts and portfolio managers as well as Sales and Sales Trading in relevant geographies (Lagos, London, NY and JHB)
- Work with Head of CIB Research to develop the research franchise for the sector with external and internal clients
- Develop relationships with key personnel within corporates to enable access to information for research purposes as well as investor access
- Support new issuance from the Stanbic IBTC DCM business franchise
Key Performance Measures - Volume of output: Consistent production of timely, commercially relevant research
- Build research franchise: Frequency of client interaction and client requests
- Effectiveness of client interaction: Feedback from internal and external clients (sales, sales trading, IB as appropriate)
- Corporate Access
Key Dimensions of the Job - Develop/maintain opinions on designated companies based on quantitative and qualitative analysis
- Communicate opinions in writing and orally to Buy Side analysts and portfolio managers as well as Sales and Trading in relevant geographies (Lagos, London, NY and JHB)
- Working to deadlines on both bespoke and periodic research
- Respond in a timely manner to newsflow, using the appropriate channels and in accordance with compliance guidelines
- Supporting Investment banking with data for your sector as required
- Develop relationships with key personnel within corporates to enable access to information for research purposes as well as investor access
Required Skills and Qualifications
Problem Solving - Must be able to make defendable judgments on at times limited quantitative information
- Must show initiative with respect to the development of the research franchise for the sector
- Must be able to respond to conflict with maturity as there are several stakeholders with at times incongruent interests
Planning - Must be able to consider the critical path of a research document and work backwards to plan appropriately
- Must be able to plan for research product for 6-12 months in advance
Decision Making
Must be able to quickly interpret the implications of market developments and newsflow and decide upon the relevance of such developments on the valuation of the company.
Required Competencies
Knowledge - Bachelor's degree in Finance/Accounting discipline or at least CFA level 1
- Knowledge of the Nigerian financial markets or Emerging Market/Frontier Market experience
- Strong MS Office Skills, esp Excel, Word and Powerpoint
- Knowledge of Bloomberg useful
Experience - 3-5 years experience in equity research on either the buy side or the sell side in a 'non-financials sector'
- Track record of effective communication of ideas
Personal Competencies - Strong written and oral communication skills
- Ability to think independently yet work within a team and learn from peers
- Ability to work accurately under pressure
- Attention to detail
- Self Motivated
- Flexible – the business demands may require changes at short notice
- Strong interpersonal skills
- Focused on outcomes despite at times long lead times
Important Relationships External clients – Buyside analysts and fund managers domestically and internationally Internal Clients: Sales in Nigeria, London, NY and SA Team members Investment Banking - DCM Editorial |
