Credit Operations and Regulatory Reporting Officer at Rand Merchant Bank (RMB)

Reference ID: R54580
Location: Lagos
Employment Type: Not Specified

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. The bank provides innovative, value-added advisory, funding, trading, corporate banking and principal investing solutions to its clients.

RMB is recruiting to fill the position of Credit Operations and Regulatory Reporting Officer in Lagos. This opportunity is suitable for experienced banking and finance professionals seeking credit operations jobs and banking vacancies in Nigeria.

Job Summary

The Credit Operations and Regulatory Reporting Officer will centralise operational and regulatory responsibilities relating to the Credit function. The role aims to improve service delivery, compliance, timeliness and the quality of credit regulatory reporting.

Key Responsibilities

Regulatory Reporting for Credit

• Prepare and submit all credit regulatory returns required by the Central Bank of Nigeria (CBN), including monthly capital adequacy and credit portfolio position reports.
• Manage monthly submissions to the Credit Risk Management System (CRMS) and implement ongoing updates to client information.
• Prepare monthly credit portfolio position reports for all credit bureaus subscribed to by RMB Nigeria.
• Maintain ongoing updates on clients’ credit positions as required by credit bureaus.
• Prepare credit regulatory returns required by the FirstRand Group in respect of South African Reserve Bank (SARB) reporting requirements, including periodic credit portfolio reports and BA returns.
• Handle credit regulatory returns required by the FirstRand Group in respect of ongoing risk management (ORM) practices.
• Accurately prepare and respond to credit portfolio information requests from Compliance, Risk, Finance, Operations and Internal Audit.
• Handle other ad-hoc credit information requests from shareholders, stakeholders and regulators.

Internal Credit Portfolio Reporting and Monitoring

• Support the Credit team in preparing and generating credit portfolio reports for the Board and Executive Committee.
• Liaise with internal stakeholders to ensure credit file contents are up to date and comply with CBN guidelines.

Credit Control and Loan Disbursement

• Participate in Deal Conclusion Forums and the New Product Approval process.
• Review credit facility agreements to ensure all conditions precedent to drawdown are fulfilled before disbursement.
• Manage collateral documentation and monitoring.
• Monitor conditions and covenant breaches.
• Oversee credit documentation and processes, including credit post-analysis.

Teamwork, Self-Management and Professional Development

• Uphold RMB’s values and consistently demonstrate the bank’s promises.
• Regularly assess personal performance, seek constructive feedback and request training where necessary.
• Identify activities to address professional development gaps.
• Develop and review personal development plans with the manager.
• Maintain a positive attitude and respond openly to feedback.
• Understand the competencies and skills required for effective performance and career development.
• Keep abreast of learning opportunities, changing products and industry trends.

Qualifications and Experience

• An undergraduate degree in a relevant discipline.
• A minimum of seven years’ relevant working experience within a Nigerian bank or financial institution.
• Previous experience in credit, preferably regulatory reporting, credit administration or operations, will be an added advantage.
• Good understanding of the Nigerian banking industry and its regulatory requirements.

Technical Skills

• General knowledge and understanding of business, industry and the macroeconomic environment.
• Good understanding of financial instruments and banking products, including how they relate to determining accurate client positions.
• High level of numeracy.
• Strong data analysis and interpretation skills.
• Excellent verbal and written communication skills.
• Sound presentation skills.

Key Competencies

• Results Orientation: Ability to work independently, deliver consistently high-quality output within agreed deadlines, take initiative and demonstrate strong problem-solving skills.
• Creativity and Innovation: Ability to identify and introduce more efficient ways of working.
• Attention to Detail: Strong organisational skills, accuracy and attention to detail, particularly when handling regulatory reporting and large volumes of data.
• Communication: Ability to communicate and present views effectively, constructively and convincingly.
• Relationship Building: Ability to establish and maintain professional relationships based on mutual trust and openness.

Human Relations Profile

• Ability to establish and maintain good client relationships.
• Strong personal character and integrity.
• High level of self-confidence, a pleasant personality and professional presentation.
• Good organisation, time management and discipline, with strong attention to detail.
• Ability to work independently with minimal supervision.
• Team-oriented approach.
• Flexibility and ability to work effectively under pressure.

How to Apply

Interested and qualified candidates should apply online through the application link below:

Click here to apply online

Application Closing Date

20 November 2026.