Norrenberger is an Integrated Financial Services Group (Licensed & Regulated by the Central Bank of Nigeria (CBN) and the Securities & Exchange Commission (SEC) that operates a customer-focused business model offering clients a comprehensive range of financial products& services including Funds & Investment Management, Structured & Alternative Finance, SME Funding, Foreign Exchange and Business Advisory Services.
We are recruiting to fill the position below:
Job Title: Halal Fund Manager
Location: Abuja (FCT)
Employment Type: Full Time
Job Description
- The Position Holder is responsible for providing leadership to the investment management of the company’s Halal Funds portfolio, by contributing to the formulation of investment strategies, product development and process improvement initiatives; maintain coverage of assigned research responsibilities; ensuring efficient trade execution, portfolio administration and transaction processing; setting up and managing a portfolio that offers an ideal investment facility, which allows you to earn an attractive and stable riba-free return on the portfolio while providing managing liquidity efficiently.
- In addition, the Position Holder would be expected to extensively collaborate with the Norrenberger Group’s strategy and direction to establish long-range goals, strategies, plans and policies in line with Shariah principles.
The main responsibilities of the position include:
- Develop Procedures and Processes: Produce and implement a manual of procedures and processes for all Halal investment-related activities to earn competitive returns through dynamic asset allocation between short-term and long-term Shariah Compliant investment outlets.
- Product Creation: Drive product creation to suit client / investor appetite.
- Trade Execution: Trade execution, including compilation and dissemination of approved portfolio trade orders to counterparties. The Position Holder is also responsible for ensuring efficient and accurate posting of portfolio and transaction data, leading efficient transactions processing.
- People Management: Responsible for driving and sustaining strategic people management practices that support the organization’s ability to achieve its corporate objectives. Strategically plan and direct operations of the portfolio management business; lead and manage the portfolio investment team.
- Stakeholder Engagement: Create new relationships and build advantageous relationships across the firm, as well as with key decision-makers in organizations in which Norrenberger either already has an existing relationship, or are in the organization’s client pipeline, in order to support the growth of the firm’s client-base and Halal Funds Under Management (HFUM), as well as its long-term business growth.
- Investment Strategy: Active contribution to the development and implementation of strategies to improve the portfolio management function.
- Fund Management: The Fund Manager shall hold overall responsibility for funds management to earn potentially competitive returns through dynamic asset allocation between Shariah Compliant Short-term instruments (such as Murabahah, Ijarah, etc), and long-term securities (e.g., Sukuk, musharaka, wakalah, istisna, and Ward Hassan, etc.), while ensuring capital preservation. He/she must be able to manage the portfolio to consistently earn returns that are highly competitive with conventional market instruments.
- Market Research and Analysis: Leads market research and analysis efforts into uncovering both global and local macroeconomic trends in Islamic finance, extensive research into various Halal financial instruments, and in-depth review of mostly active Halal instruments, in order to understand current trends, and forecast future performance of the portfolio, with the aim of applying this knowledge to keep up with benchmark returns.
- Manage Portfolio Performance: Develop the halal portfolio performance benchmarks and targets based on factual market information on a periodic basis (quarterly, half-yearly, and annually), or at any other frequency interval requested.
- Review Investment Proposals: Review proposals for investment in various Islamic instruments, both in the short term (e.g., Murabahah, Ijarah) and medium/long term instruments (musharaka, wakalah, istisna, and Sukuk, amongst others).
- Asset Allocation: Review on a constant basis, the portfolio asset allocation to achieve desired objectives and/or goals, and ensure compliance with regulations as applicable.
- Must also ensure the funds operate in accordance with regulations outlined by authorities, such as the Securities and Exchange Commission
- Prepare funds management proposals to current and prospective clients.
- Ensure that prospectuses and other documents are completed, filed and distributed as regulations require.
- Keep knowledge up-to-date about the economy, current financial news and financial markets.
Qualification, Experience & Skills
- Minimum of a B.Sc in Management, Statistics, Finance, Mathematics, Accounting or Economics can be helpful, as can an MBA
- Professional Finance qualification
- 10+ years Experience in Halal fund Management.
Required Knowledge, Skills and Abilities:
- Good Analytical and problem-solving skills
- Must be registered at the Securities & Exchange Commission and have significant track records as a Fund Manager.
- Good Knowledge of Islamic Finance.
Job Title: Credit Risk Analyst
Location: Abuja (FCT)
Employment Type: Full Time
Sector: Investment and Asset Management
Job Summary
- The Credit Analyst officer will evaluate clients’creditdata in order to determine the degree of risk involved inlendingmoney to them. Prepare reports about the degree of risk inlendingmoney to clients. Analysing client records and using the data to recommend payment plans.
The main responsibilities of the position include:
- Review and provide feedback about the completed loan application form on any missing or unclear documents in the application thereby ensuring all required supportive documents for the credit analysis have been submitted
- Conduct credit evaluation/ analysis for retail and MSME clients and make appropriate recommendation in line with credit policy
- Ensure proposed facility are structured appropriately in line with transaction dynamics, repayment structure and customer’s cash flow.
- Ensure compliance to target market, risk acceptance criteria and overall Credit policy
- Conduct Risk Rating and Credit scoring for all loan request
- Conduct financial and non-financial business analysis on proposed request and interpret generated financial ratios/ performance indicators
- Recommend credit for final approval, follow-up with the required DLA to ensure request are approved timely and communicate approval to market facing units
- Ensure that all pre-disbursement conditions are met
- Ensure that limits are monitored; maturing repayments and all receivables on accounts are collected
- Identification of credit-related early warning signals and flagging likely problems before they crystallize
- Prepare on a timely basis, the rendition of all relevant regulatory returns
- Liaise with Financial Control Department (FINCON) to prepare Capital Adequacy Ratios and loan impairment in line with CBN prudential guidelines and IFRS requirements
- Credit call visits to customers with relationship management team.
- Liaise with Legal Unit and ensure that all security documentations comply with terms of approval and are enforceable
- Ensure proper filling of customer loan documentation in line with the requirement of the CBN prudential guideline
- Builds relationship with RMs and Relationship/platform Officers to improve quality of business proposals and turnaround time on credit evaluations.
- Perform Credit status enquiry and act as interface to other Credit bureaus with regards to submission of data (CRMS, CR, CRC etc.)
- Review of Credit portfolio for sustained quality, performance and compliance with approved terms and conditions as well as Credit policy
- Identify deteriorating accounts for prudential classification and transfer to the recovery team
- Revise and propose changes to existing Credit Risk policies
- Prepare relevant risk reports for the Risk Management Committee and relevant Board committees
- Staff training internally (credit staff) and externally as may be required
- Carry out such other duties that may be delegated to it by Head, ERM.
Qualification, Experience & Skills
- Minimum of 6 years post-NYSC experience in Credit Risk Management from a financial institution
- Experience in Credit Administration and delinquent management will be an added advantage.
- Minimum of a B.Sc. preferably in Accounting / Finance, Economics or Business Admin
- Professional qualification such as ACA, ACCA will be an added advantage
- Good knowledge of CBN policies on credit and loan administration
- Strong proficiency in analyzing and evaluating financial information
- Knowledge of retail banking and micro-lending
Required Knowledge, Skills and Abilities:
- Computer proficiency particularly with spreadsheet
- Attention to detail; thorough, particular and accurate
- A demonstrated knowledge of finance, accounting and risk management
- Communicate in clear, concise and effective written and verbal formats
- Excellent interpersonal skills
- Energetic and with sound decision-making skills
Job Title: Financial Operations Officer
Location: Abuja (FCT)
Employment Type: Full Time
Job Summary
- The Investment Operations Officer is the primary interface between the investment department and all internal and external counterparties (Internally: Advisory, Enterprise Assurance and Corporate services and externally, all transaction counterparties).
The main responsibilities of the position includes:
- Maintains archival and financial administrative files
- Daily reconciliation of all internal ledgers to ensure accuracy
- Ensures timely resolution of all client’s complaints in line with agreed turnaround time
- Ensure accurate and timely upload of customers’ information into the core application.
- Prepares weekly and monthly operations report
- Ensuring that transactions are cleared and settled correctly
- Organize and track investment documents and applications
- Ensures the safekeeping of all cash and negotiable instruments.
- Manages the core application as it’s relates to inputs of client’s data to ensure accuracy.
- Assist the Head, Operations to forecast daily cash requirements and execute daily financing decisions.
- Handles all aspects of In-house investment portfolios.
- Maintain investment team archives; ensure all transaction justifications, instructions and confirmations are prepared and received when due and are filed correctly and easily retrievable Maintain investment team archives; ensure all transaction justifications, instructions and confirmations are prepared and received when due and are filed correctly and easily retrievable.
- Checking daily transaction reports
- Perform daily account maintenance, generate reports, prepare correspondence and special projects as assigned
- Organize and track investment documents and applications.
Requirements / Minimum Qualifications
- First Degree in a Numerate Field (preferably in Economics or Finance Sciences, Engineering)
- 7+ years’ experience in operations within the investment banking sector.
- Strong interest in Global Financial Markets and keen intellectual curiosity
- Interest in enrolling in, and completing, the CFA program
Required Knowledge, Skills and Abilities:
- Statistical analysis
- Proficiency in Microsoft Word and Excel and other operational software
Generic Skills:
- Team player with the ability to think and act independently
- Outstanding written and oral communication skills
- Quick learner, comfortable dealing with ambiguous and fluid situations
- Ability to multi-task; juggle multiple deliverables and perform under very demanding conditions
- Independent, excellent attention to detail and organizational skills
- Superior analytical & critical thinking skills; ability to make good decisions when faced with complex data
- High level of passion, integrity, creativity, inquisitiveness and self-confidence.
Deadline: 4th January, 2021.
How to Apply
Interested and qualified candidates should send their CV to: recruitment@norrenberger.com using the Job Title as the subject of the mail.
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