CREDIT OPERATIONS AND REGULATORY OFFICER AT RAND MERCHANT BANK (RMB)

About Company:

Rand Merchant Bank (RMB), a division of FirstRand Bank Limited, is a leading African corporate and investment bank and part of one of the largest financial services groups in Africa. We offer our clients innovative, value-added advisory, funding, trading, corporate banking and principal investing solutions.

Job Description:

All regulatory Credit returns mandated by the Central Bank of Nigeria (“CBN”), including but not limited to: 

• Monthly capital adequacy and credit portfolio position reports
• Monthly Credit Risk Management System (“CRMS”) submissions
• Management and implementation of ongoing information updates on the CRMS

All regulatory Credit returns mandated by the CBN in respect of credit bureaus, including but not limited to: 

• Monthly credit portfolio position reports to all credit bureaus subscribed to by RMBN 
• On-going information updates on clients’ credit positions as may be required
• All Credit regulatory returns mandated by the FirstRand Group (the “Group”) in respect of the South African Reserve 
• Bank (“SARB”) reporting requirements, including periodic credit portfolio position reports (including but not limited to BA returns)
• All regulatory Credit returns mandated by the FirstRand Group in respect of ongoing risk Management (“ORM”) practices
• Accurately prepare and respond to credit portfolio position requests from other departments in the bank, including 
• Compliance, Risk, Finance, Operations, and Internal Audit.

All other ad-hoc Credit information requests from shareholders/other stakeholders and regulators:  

• Provide support to the Credit team (and in some instances generate) in terms of all credit portfolio reporting to the Board and Executive Committee 
• Liaise with internal stakeholders to ensure that credit file contents are up to date as per CBN guidelines 

Credit Control and Loan Disbursement: 

• Participate in Deal Conclusion Forums and the New Product Approval process 
• Review Credit Facility agreements to ensure that all conditions precedent to drawdown are in place before disbursement 
• Collateral Management 
• Thorough monitoring of conditions and covenant breaches 
• Overall monitoring and control of credit documentation and processes credit post-analyses 

Effective teamwork, self-management, and alignment with group values: 

• Imbibe the RMB promises & continually drive RMB’s values    
• Maintain a positive attitude and respond openly to feedback   
• Understand which competencies and skills are required to be mastered to ensure personal development and performance   
• Keep abreast of learning opportunities, changing products, and trends  
• Continuously assess own performance, seek timely and clear feedback as well as request training where appropriate   
• Identify effective activities to address own development gaps   
• Create own development plan and review the plan with the manager    

Requirements:

• Prior experience in credit (preferably regulatory reporting / Credit Admin and operations) will be an added advantage
• Good understanding of the Nigerian Banking Industry and its regulatory requirements 

Qualifications and Skills:

• An undergraduate degree in a relevant discipline  
• Minimum of seven years of relevant working experience within a Nigerian bank or financial institution

Salary

Application Closing Date: 06th September, 2025

Application Instructions:

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