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Stanbic IBTC Bank Fresh Job Recruitment – September, 2018

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Stanbic IBTC Bank Fresh Job Recruitment – September, 2018. 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.

Stanbic IBTC Bank Fresh Job Recruitment

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.

Stanbic IBTC Bank Job Recruitment in Lagos State

The Stanbic IBTC Bank is recruiting to fill the following positions below in Lagos State:

Job Title: Manager, Real Estate Finance

Job ID: 34857
Location: Lagos Island
Job Sector: Investment Banking

Job Details

  • This team focuses on the Real Estate equities portfolio in South Africa and the rest of our African operations, spanning Joint Ventures and Affordable Housing Development, which supports our commitment to meaningful transformation by providing high-quality homes for low-income households.

Job Purpose

  • To provide deal execution management, guidance and support to junior colleagues (both associates and analysts) for all transactional and administrative aspects involved throughout the entire Real Estate finance value chain process (i.e. advisory, origination, debt structuring, execution, financial close and ongoing transaction monitoring for all projects).

Key Responsibilities/Accountabilities

  • Identifying and developing opportunities:
    • Assist in developing debt structuring/arranging and / or advisory mandates for identified opportunities
  • Developing comprehensive financial models:
    • Developing and manipulation of excel spreadsheets and other comprehensive financial models for Real Estate finance transactions
  • Data gathering and base case development:
    • Assist in undertaking data gathering for model / spreadsheet inputs and working alongside relevant consultants in finalizing Base Case models for debt funding transactions
  • Financial Analysis:
    • Assist in undertaking financial analysis of company / projects and project financial statements and preparing brief internal reports based on findings
  • Developing and managing deal execution and project deliverables:
    • Assist in developing and managing execution of deal and project deliverables during the entire transaction value chain (this will include but not limited to the following;
      • Preparation and review of Information Memorandum, Transaction Timetables, Financial Models, Internal Transaction Documents (i.e. Pre Credit papers and Credit Papers, Investment Teasers, Term Sheets, Loan Documentation etc)
  • Developing innovative financial solutions:
    • Working in conjunction with other team members in putting forward innovative financing solutions to clients, the bank’s senior management and colleagues
  • Preparing presentation materials:
    • Assist in preparing presentation materials and presenting deal structures to other units within the bank, at client marketing pitches and to co-financiers and investors
  • Submitting work In Progress Reports:
    • Assist in submitting Work In Progress Reports to senior management located in Nigeria and South Africa
  • Transaction monitoring:
    • Preparing transaction summaries identifying key follow-up and monitoring steps after transaction closing for the benefit of other business groups
  • Establishing and maintaining relationships with clients:
    • Establishing, developing and maintaining relationships with existing and potential clients and accompanying other senior members of the bank at client meetings
  • Preparing client calling reports:
    • Preparing and distributing client Calling Reports in a timely manner
  • Transaction consultant monitoring:
    • Monitoring and following up on deliverables being prepared by consultants assigned to transactions
  • Assisting senior colleagues:
    • Assist senior members of the department in day-to-day work as delegated and carrying out other duties as required by the job

Provide guidance and allocate tasks to junior members of staff:

  • Provide guidance to junior members of staff in undertaking their duties
  • Provide support in allocation tasks to junior members of staff
  • Preparing files for audit – Preparing files as to be ready for the annual audit process and assist in discussing, responding and reacting to comments raised by the Audit division
  • Staying up-to-date on relevant market information – Keeping abreast of developments in the local, regional and international Real Estate finance market
  • Ensure adherence to policies – Ensure that the policies and procedures of the bank are being followed.

Preferred Qualification and Experience

  • Bachelors’ Honours Degree in Built Environment, Economics, Accounting, Banking & Finance, Engineering or other related subjects
  • Bachelor or Master’s Degree with minimum of Second Class Upper division (2:1) In addition, CFA accreditation would be useful. CFA accreditation, Professional membership of real estate bodies such as RICS, ULI etc., would be useful.


  • The job applicant should have between 8 -10 years related work experience, preferably from a real estate finance/ project finance/ advisory background.

Knowledge/Technical Skills/Expertise
Key Performance Measures:


  • Perform calls to existing and potential customers to follow up on opportunities and support in the presenting of the bank’s credentials. With guidance from the respective unit head and senior colleagues, interact on a select basis with clients on mandated transactions until project achieves financial closing.


  • Assists in providing support for the preparation of business plans and budgets on a unit and department basis

Internal Process:

  • Assist in preparing and reviewing memos and proposals;
  • Working with the Unit Head to ensure that all compliance issues (i.e. KYC etc) are suitably addressed;
  • Ensure that the policies and procedures of the bank are being followed;
  • Assist in identifying, pursuing and executing agreed business in a professional manner and within the framework as set out by the bank
  • Assist in preparing transaction summaries, assist in identifying key follow-up and monitoring steps in co-ordination with the Transaction Management Unit  after transaction closing;
  • Keeping the Transaction Management Unit fully up to date on transactions prior to hand-over at financial close;
  • Working alongside the Transaction Management Unit in attending general asset monitoring requests;
  • Taking guidance and liaising with Legal and Risk Officers to ensure all necessary documentation on transactions are suitably addressed;
  • Assist in providing clarifications and responding / reacting to comments received from the Audit Division;
  • Assist unit head and colleagues in the dayto-day work as delegated.


  • Working in co-ordination with individuals from other divisions, and in particular members of the investment banking team to enhance teamwork efforts within the division;
  • Take a proactive approach towards the own personal learning and development;
  • Escalate feedback on junior staff performance to Senior colleagues and Unit Heads;
  • Adhere to the core values of Stanbic IBTC and apply professional codes of conduct at all times

Application Closing Date
Not Specified.

APPLY ALSO: AIICO Insurance Recruitment Application Form – September, 2018

Job Title: Tax Manager – Bank

Job ID: 35017
Location: Lagos Island, Lagos
Job Sector: Banking

Job Details

  • Finance: budgeting and forecasting, creating interim and annual financial statements, facilitating internal mergers and acquisitions, as well as dealing with analysts and investors.

Job Purpose

  • Manage the Bank tax compliance and tax risk
  • Oversee the tax function in the Bank.

Key Responsibilities/Accountabilities
Monthly tax compliance and providing tax support to different business and department in the Bank:

  • Prepare monthly WHT, VAT and other tax computation
  • Monthly WHT and VAT filing
  • Monthly tax GL review
  • Respond to tax enquiries from the network within the Bank
  • Maintain proper record all of the Bank tax transactions
  • Manage the Bank annual corporate tax filing
  • Manage the bank deferred tax computation and measurement
  • Responsible for the Bank withholding tax management
  • File other tax related returns with the relevant tax authority
  • Tax clearance certificate for the Bank and Employees across the State

PAYE, WHT, VAT and Corporate Tax audit:

  • Keep record of document required for tax audits
  • Keep record and response to all tax audit correspondence
  • Manage the collation of tax receipts
  • Responsible for the transfer pricing compliance and filing for the Bank
  • Manager relationship with tax consultants for the Bank
  • Ensure all tax receipts are proper kept
  • Represent the Bank during audits, reviews and investigation

Tax Risk Management:

  • Custodian of the Bank tax strategy, Policies and Governance document
  • Identification and evaluation of taxation risks with the Bank
  • Implementation of systems and processes to mitigate identified tax risk
  • Optimisation of the Bank tax expense, by identifying and implementing tax planning strategies
  • Improve tax knowledge within the Bank through communication and tax training
  • New product & system review for tax compliance


  • Provide tax support to the finance reporting team during tax audit
  • Responsible for the tax input in Budget and budgeting process for the Bank
  • Responsible for Encompass for Bank and monthly Tax information Pack for the Group
  • Manage the Bank compliance with FATCA, AEOI,CRS etc
  • Manage the bank tax SOP and attestation to the group

Preferred Qualifications and Experience

  • First Degree in Finance and Accounting
  • Post Graduate Diploma in Finance and Accounting


  • Finance International Financial Reporting Standard
  • 5-7 Years experience in Finance & tax position

Knowledge/Technical Skills/Expertise
Financial and Accounting Control:

  • Ability to design control measures and checks in accounting and financial processing activities to mitigate risks of errors, omissions and fraud.

Preparing Financial Statements:

  • The ability to prepare statutory or official financial statements in line with internationally accepted accounting practices and local regulatory requirement

Financial Accounting:

  • Knowledge of financial accounting principles, classifying, measuring and recording transactions using the financial systems of the Bank.

Financial Acumen:

  • Knowledge and understanding of costing, budgeting and finance concepts and the understanding and application of related processes and procedures.

Application Closing Date
Not Specified.

APPLY ALSO: World Bank Fresh Recruitment Application Form – September, 2018

Job Title: Head, Reconciliation and Resolution Unit

Job ID: 34942
Location: Lagos Island
Job Sector: Financial Services
Region/State/Province/District: Lagos

Job Purpose
To coordinate and supervise all reconciliation activities of all contribution inflows and outflows through:

  • Supervision of Reconciliation, Resolutions & Enquiry activities
  • Supervision for the resolution of all uncredited contributions
  • Supervision and coordination of regulatory reporting requests
  • Supervision of enquiry management process

Key Responsibilities
Coordinate reconciliation activities of all contribution inflows and outflows to deliver a consistently superior customer experience

Deliver a consistently acceptable superior quality of customer experience:

  • Ensure Conclusion of daily tasks and valuation advice sent by 4:30pm
  • Prompt resolution of TCF through visitations and communication (emails, SMS and letters)
  • Prompt response to internal and external customer enquiries
  • Establishment of SLA that seeks to delight both internal and external customers
  • Building and maintaining key stakeholder relationships, through effective collaborations with partners.
  • Ensuring the necessary Service Level Agreements (SLAs) are well defined and agreed to and that the service levels are monitored for exceptions and where found, corrective measures are promptly employed.

Supervise and Coordinate the Resolution of all Uncredited Contributions to Guard Against Customer Complaints and Regulatory Infractions:

  • Ensure daily and prompt resolution of TCF to RSA
  • Ensure fresh inflows not uploaded are communicated to employers for immediate resolution (CRA/TCF Resolution)
  • Ensure No schedule and schedule with issues items are communicated to employers to enable credit of clients’ accounts.
  • Ensure all schedules received are sent to Custodian within 24hrs of receipt and same is reported for upload immediately except there are issues
  • CRA Cleanup & CRA Credit interest resolution within 30days of accrual
  • Weekly/Monthly visits to clients and ensure Outflows from TCF exceed daily inflows

Supervision and Coordination of Regulatory Reporting Requests:

  • Ensure achievement of satisfactory audit reviews (internal and external)
  • Ensure efficient management of “Risk Logs” – Incidents, Complaints, Errors, Pending Issues, etc; including prompt escalation of MUD items and prompt resolution of all issues.
  • Maintain records/tracker of all contribution requests received within the unit (enquiries, requests, pension applications, complaints etc) and submit activity report to the HoD on a daily basis.
  • Ensure appropriate tracking/monitoring and reports are made available to allow for informed decisions and early identification of adverse trends.
  • Recommend and implement approved strategic business initiatives, changes to operational processes and procedures in alignment with the Company’s business strategy.

Supervision of Enquiry Management Process:

  • Ensure efficient management of “Risk Logs” – Incidents, Complaints, Errors, Pending Issues, etc; including prompt escalation of MUD items and prompt resolution of all issues.
  • Drive proactive management of operational risk items and incidents, reducing operational losses and upholding reputation.
  • Ensure documentation, periodic review and update of checklist of specific processes / transactions that are prone to errors, including respective preventive measures.
  • Drive the implementation of “customized” capacity building for staff who handle critical error-prone processes / transactions.
  • Drive the identification and appropriate feedback/PIP for staff who frequently commit errors.
  • Ensure effective root-cause analysis, complaints management and reporting; as well as awareness creation on learning points, including trend and target monitoring.

Preferred Qualification and Experience

  • A First Degree or equivalent in a Business related Degree
  • Basic MS Office Suite, excel and word knowledge, Compliance Training

Knowledge/Technical Skills/Expertise

  • Reconciling Financial Records:
  • The ability to check financial entries in multiple systems to ensure that transactions and records are kept in sync and that they have been recorded appropriately.

Attitude of Customer Experience /Industry knowledge:

  • Within the Bank Customer Experience Framework, the ability to represent the values of Standard Bank, take ownership and show passion for customer service and expertise on the pension industry that is covered by the role.

Query Resolution:

  • The ability to handles queries effectively and formulate appropriate responses..

Transaction Case Management:

  • The ability to understand the nature of the transaction, gather required information and channel transaction into correct direction
  • Can manage the progression of the transaction and update clients on progress and problem solving. Able to recommend process improvements and enhancements.

Application Closing Date
Not Specified.

How to Apply Stanbic IBTC Bank Fresh Job Recruitment

Interested and qualified candidates should:

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