Senior Business Analyst, Institutional Banking & Distribution, Business Development

FirstBank UK Limited; London; On-site; GBP 50,000 - 90,000; Full time

Job summary

FirstBank UK is seeking a Senior Business Analyst to support their Institutional Banking & Distribution team. This role involves enhancing client relationships, managing compliance, and driving banking strategy in Sub-Saharan Africa. The ideal candidate should possess strong analytical skills, experience in Financial Institutions, and UK regulatory knowledge, ideally with insights into the African market.

Benefits

Up to 10% employer pension contribution

Life Assurance Cover

Income protection

Private Medical Insurance plan

Gym subsidy (up to £50 per month)

Employee Assistance Program

25 days annual leave, increasing with service

Qualifications

• Experience within Financial Institutions and UK Regulatory knowledge is required.
• Previous experience in the African market is an advantage.
• French speaking is desirable.

Responsibilities

• Support Head of Banking in driving business strategy.
• Prepare credit applications and manage KYC/ KYB processes.
• Monitor compliance and due diligence for banking clients.

Skills

Analytical skills

Credit Analysis

KYC & KYB knowledge

Research skills

Financial Statement Analysis

Tools

Moody's Analytical tools

Job description

Senior Business Analyst, Institutional Banking & Distribution, Business Development

Senior Business Analyst, Institutional Banking & Distribution, Business Development

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Senior Business Analyst, Institutional Banking & Distribution, Business Development

FirstBank UK is a globally recognised, top-tier bank who provide world-class services to various institutions and individuals. Offering a comprehensive range of retail and corporate financial services/products, this thriving business with over 10 million active customers in over 700 business locations is the oldest African bank in the UK. Due to business requirements, we are now looking to acquire the services of an experienced Senior Business Analyst.

Key Responsibilities:

This role is to support the Head, Wholesale Banking & Financing Solution and Deputy Head of Institutional Banking & Distribution in driving IB business strategy in Sub Saharan Africa with a view to managing existing African FI relationships and enhancing the profitability of the unit in accordance with the Bank’s Risk Appetite, IBFI budget projections, targets markets and the Bank's global strategy.

Key Skills/Experience:

Supporting the Relationship Manager in the achievement of the Department’s Budget.

Supporting the Relationship Manager to drive the origination of business by marketing new relationships with potential to improve the revenue for the Unit, on-boarding and retaining income-generating clients.

Preparation and timely delivery of sound credit applications for review by the Credit Risk team for new and existing relationships. Candidates must be very analytical and have an excellent understanding of Financial Statement Analysis for Banking Clients and other related sectors.

Responsible for all compliance requirements and reviews for Institutional Banking which entails (i) Full KYC review and on-boarding process for new to banks/prospects and (ii) KYB reviews for existing clients.

Working closely with the Business Risk Review team to ensure all client outreaches and KYC/KYB memos are completed within the required timeline with no adverse findings.

Monitoring due dates of Annual Reviews of Financial Statements for IBU clients and taking actions to obtain full Board approval for extensions prior to the expiration date of the Annual Reviews.

Preparation of approved limit extension requests for Credit Risk’s consideration where necessary, ensuring system limits are adjusted once approval is obtained from Credit Risk.

Weekly distribution of the Financial Institutions Limits Report.

Handling customers’ queries efficiently.

Supporting the Relationship Managers in prospecting, due diligence, monitoring and portfolio management.

Experience / Knowledge:

• Experience within Financial Institutions, UK Regulatory knowledge and good understanding of Credit Analysis, KYC & KYB requirements for FI’s, research skills and excellent analytical skills

• Acceptable understanding of International TradeFinance

• Previous experience working in the African market is highly advantageous

• French speaking desirable

• Spreading of audited financial statements for Banks,

• Moody’s Analytical and other Risk Rating tools

In return we offer a fantastic benefits package including:

• Up to 10% employer pension contribution
• Life Assurance Cover
• Income protection
• Private Medical Insurance plan (upon successful completion of probation period)
• Contribution to glasses/contacts and eye testing
• Gym subsidy (up to £50 per month)
• Cycle to work scheme
• Employee Assistance Program
• Interest Free season ticket loan for travel
• 25 days annual leave, rising to 28 after 3 years and 30 after 8 years’ service
• Give As You Earn (GAYE)

The Curve Group is First Bank UK’s outsource partner for Recruitment and a "Data Processor". The Curve Group will hold the information you submit but First Bank UK will have access to it. You can find their privacy policy here: https://www.thecurvegroup.co.uk/privacy-policy/

First Bank is an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates regardless of sex, race, disability, age, sexual orientation, gender reassignment, religion or belief, marital status, or pregnancy and maternity.

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Full-time

Job function

• Job function

  Analyst, Business Development, and Finance

• Industries

  Banking, Financial Services, and Investment Banking

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