Rand Merchant Bank (RMB) Job Vacancies

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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. RMB provides clients with innovative, value-added advisory, funding, trading, corporate banking and principal investing solutions.

RMB Nigeria is recruiting qualified candidates to fill the following positions:

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IT Auditor at Rand Merchant Bank (RMB)

Company: Rand Merchant Bank (RMB)
Location: Lagos
Job Type: Full-time
Industry: Banking / Financial Services / IT Audit
Job ID: R50639
Experience: 4 years

Job Description

The IT Auditor will report directly to the Chief Audit Executive of RMB Nigeria and will be responsible for assessing the adequacy and effectiveness of risk management and controls over IT systems and platforms, General IT Controls, Computer-Assisted Audit Techniques (CAATs) and technology projects.

The role will also contribute to the development of IT audit capabilities and provide consulting services to internal clients.

IT audit coverage includes IT and cybersecurity reviews, IT service providers, business continuity management and disaster recovery, project management, pre- and post-implementation reviews, change management, logical access management, IT governance, data backup, cloud computing, IT operations, and industry and regulatory compliance reviews such as SWIFT and PCI-DSS.

Responsibilities

Deliver assurance and consulting services in line with internal audit objectives.
Provide assurance on the adequacy and effectiveness of risk management and controls over IT systems, platforms, General IT Controls, data analysis and projects.
Collaborate with process audit teams to identify opportunities for integrated IT and process audit approaches.
Stay abreast of emerging technologies, industry trends and regulatory requirements affecting IT audit practices.
Evaluate hardware, operating systems, databases, network infrastructure and applications.
Review controls relating to systems development, IT operations, programming, security procedures and standards.
Review system backup, disaster recovery and maintenance procedures.
Ensure audits are conducted in accordance with Group Internal Audit methodology and relevant Institute of Internal Auditors standards.
Perform individual audits covering risks and controls within assigned processes.
Provide advice on technical, methodological and statutory matters.
Discuss draft audit reports with auditees and finalise management comments, action plans and implementation timelines.
Facilitate dispute resolution with line management where required.
Work closely with the RMB Nigeria Group Internal Audit team and Group and broader Africa IT auditors.
Express an audit opinion on the acceptability of residual risk within processes under review.
Maintain strong relationships with internal customers and provide valuable perspectives and solutions.
Conduct process audits as assigned by the Chief Audit Executive.
Carry out other duties, reviews and investigations as directed by the Chief Audit Executive.

Requirements

Bachelor’s Degree in Information Systems or a related field.
Minimum of 4 years’ experience in IT audit, process audit, risk management or technology assurance.
Extensive experience in General Controls Reviews, Application Controls Reviews, CAATs and project auditing.
Strong understanding of IT governance frameworks, compliance standards, regulatory requirements and cybersecurity principles.
Professional certification such as ACCA or CISA.
CRISC, CISSP or ISO 27001 Lead Auditor certification is an advantage.
Proficiency in audit analytics tools, Power BI and Microsoft Office Suite.
Strong analytical and attention-to-detail skills.
Good time and self-management skills.
Strong verbal and written communication skills.
Customer service orientation and results focus.
Ability to lead and supervise effectively.

How to Apply

Interested and qualified candidates should apply online:

Apply Online: https://firstrand.wd3.myworkdayjobs.com/en-US/FRB/job/Lagos-Central/Internal-Auditor_R50639

Application Closing Date: 1st October 2026

Portfolio Credit Analyst at Rand Merchant Bank (RMB)

Company: Rand Merchant Bank (RMB)
Location: Lagos
Job Type: Full-time
Industry: Banking / Financial Services / Credit Risk
Job Requisition ID: R52540
Experience: 3–4 years

Job Description

The Portfolio Credit Analyst will be responsible for the oversight, monitoring, analysis and reporting of the Bank’s credit portfolio across business segments including Treasury & Trade Solutions, Investment Banking, Markets and Group Treasury.

As a member of the RMB Nigeria Credit team, the role will help ensure that credit exposures remain within approved risk appetite, regulatory requirements and internal policies through proactive portfolio management, risk identification and timely escalation of emerging concerns.

The successful candidate will deliver accurate portfolio reporting, monitor portfolio quality and concentration risks, support portfolio optimisation and risk-adjusted returns, and work closely with Coverage, Transactors, Risk, Finance, Legal, Compliance and other stakeholders to strengthen credit governance and portfolio analytics.

Responsibilities

Assist in tracking and monitoring key parameters under the Credit Risk Appetite Framework, including portfolio and counterparty limits.
Support the quarterly portfolio stress testing process through stress and scenario analysis.
Take a leading role in the Credit Risk component of the annual ICAAP workflow.
Support the computation and reporting of Credit Risk capital in accordance with Basel requirements.
Monitor compliance with relevant regulatory frameworks and guidance.
Assist in preparing and presenting management committee, Board committee and regulatory reports and MIS for the Credit function.
Monitor client-level exposures daily across various product pillars in conjunction with Credit Analysts.
Track transaction breaches and escalate them to the appropriate sanctioning authority.
Propose relevant corrective actions for identified breaches.
Manage the Bank’s Expected Credit Loss (ECL) model to support compliance with IFRS 9 and relevant prudential requirements.
Report on ECL and advise stakeholders on past or anticipated changes in provisions.
Ensure compliance objectives are achieved, including audit and regulatory inspection outcomes.
Work with internal and external auditors and regulatory examiners during review processes.
Address audit and regulatory issues appropriately and within agreed timelines.
Ensure data processed and reported to the Board complies with BCBS 239 principles.
Create and maintain automated processes for gathering, validating, aggregating and reporting relevant data.
Develop and maintain automated processes that distribute portfolio results to relevant stakeholders.
Support the development, maintenance and automation of statistical models used to quantify and simulate portfolio parameters.
Support modelling and monitoring of Gross Advances, Expected Credit Loss, Non-performing/Write-Off portfolios, Credit Loss Ratios and other defined parameters.
Support periodic portfolio deep dives covering industries, products and portfolios to assess macroeconomic shocks and emerging risks.

Key Deliverables

Effective credit portfolio monitoring, with internal and external risks clearly identified and appropriate remediation suggested.
Timely completion and circulation of monthly, quarterly and annual credit portfolio reports.
Proactive calculation and communication of provisions and Credit Risk capital.
Back-testing of forecasts and estimates to assess accuracy and stability.
Improved quality of credit risk data to support effective decision-making.

Requirements

Bachelor’s Degree with a minimum of Second-Class Upper Division or equivalent.
Relevant professional qualification in accounting, finance or risk management is desirable.
At least 3–4 years’ experience in a relevant field.
Strong analytical and statistical skills.
Good attention to detail and strategic thinking.
Basic credit, financial analysis and modelling skills.
Strong presentation and report-writing skills using Microsoft Word and PowerPoint.
Good verbal communication and presentation skills.
Basic understanding of portfolio management.
Ability to work with data, identify complex underlying relationships and recognise patterns to support management decision-making.
Ability to work effectively in a fast-paced environment.
Strong stakeholder management and conflict-resolution skills.
High level of responsibility, dedication and self-motivation.
Ability to work independently and transfer knowledge to team members.
Strong follow-through and sense of urgency.
Advanced Microsoft Excel skills.
Knowledge of SQL and Power BI.

How to Apply

Interested and qualified candidates should apply online:

Apply Online: https://firstrand.wd3.myworkdayjobs.com/en-US/FRB/job/Lagos-Central/Portfolio-Credit-Analyst_R52540

Application Closing Date: 9th October 2026

Bank and NBFI Credit Analyst at Rand Merchant Bank (RMB)

Company: Rand Merchant Bank (RMB)
Location: Lagos
Job Type: Full-time
Industry: Banking / Financial Services / Credit Risk
Job Requisition ID: R52476
Experience: 3 years

Job Description

The Bank and Non-Bank Financial Institutions (NBFI) Credit Analyst will support the independent credit assessment, monitoring and risk management of sovereign, bank, non-bank financial institution, insurance company, development finance institution and other financial sector exposures within RMB Nigeria.

Reporting to the Head of Financial Institutions (FI) Credit, the role involves detailed financial and credit analysis, preparation of credit applications and annual reviews, portfolio monitoring and timely identification and escalation of emerging risks.

Responsibilities

Conduct credit analysis on assigned banks, sovereigns, non-bank financial institutions, insurance companies, development finance institutions and other financial sector counterparties.
Review annual reports, audited financial statements, management accounts, regulatory filings and other relevant financial information.
Analyse capital adequacy, asset quality, earnings, liquidity, funding profile and profitability.
Prepare detailed credit applications, annual reviews and credit memoranda.
Present credit assessments to internal approval committees where required.
Assist in determining internal credit ratings and risk grades in accordance with the bank’s credit policies and rating methodologies.
Monitor approved counterparties and identify emerging credit risks, adverse trends and potential rating migrations.
Monitor compliance with approved credit limits, covenants and other risk conditions.
Support the review and recommendation of interbank, trade finance, treasury and other financial institution exposure limits.
Monitor industry, country and sovereign risk developments affecting counterparties.
Maintain up-to-date knowledge of banking regulations, prudential guidelines and developments within the financial services sector.
Monitor news, market developments and rating agency publications for material events affecting counterparties.
Liaise with relationship managers, treasury teams, risk management teams and external stakeholders to obtain information and clarify credit matters.
Participate in client meetings, management discussions and due diligence visits where required.
Ensure credit assessments comply with internal credit policies, regulatory requirements and risk governance standards.
Maintain accurate counterparty credit records, financial spreading databases and internal risk systems.
Escalate significant credit concerns, deteriorating trends, rating migration concerns and limit breaches to senior analysts and management.
Collaborate with senior credit analysts on the structuring, assessment and monitoring of financial institution exposures.
Support portfolio reviews, sector studies and special risk assessment projects.

Key Deliverables

High-quality credit applications, annual reviews, rating reviews and credit memoranda completed within prescribed timelines.
Credit analysis and risk assessments supported by a sound understanding of counterparties, industries and key risk drivers.
Timely identification and escalation of emerging risks, adverse developments, rating migration concerns, limit breaches and other material credit events.
Effective portfolio monitoring, surveillance and maintenance of credit records and systems.
Consistent adherence to credit policies, rating methodologies, governance standards and regulatory requirements.
Support for portfolio reviews, sector studies and broader Credit team objectives.

Requirements

Bachelor’s Degree in Finance, Accounting, Economics, Banking or another business-related field.
Minimum of Second-Class Upper Division or equivalent.
Progress towards, or interest in, relevant professional qualifications in accounting, finance or risk management is desirable.
Minimum of 3 years’ experience in credit analysis, banking, audit, risk management, financial analysis or a related field.
Experience within a large financial institution or consulting firm is preferred.
Strong numerical and analytical skills, including the ability to extract, manipulate and analyse large datasets.
Good understanding of financial statement analysis within financial institutions.
Ability to analyse banking and financial institution credit metrics.
Understanding of credit risk assessment principles and methodologies.
Ability to identify key strengths, weaknesses and emerging risks from financial and qualitative information.
Basic understanding of banking business models, funding structures and risk drivers.
Basic understanding of Treasury, financial products and financial markets.
Awareness of regulatory frameworks and prudential requirements applicable to financial institutions.
Strong report-writing skills and ability to prepare clear and concise credit memoranda.
Ability to assess credit, legal, taxation and exchange-control risks and articulate recommendations and concerns effectively.
Good verbal communication and presentation skills.
Strong character and integrity.
Well organised, disciplined and detail-oriented.
Good time-management skills and ability to manage multiple deadlines.
Self-motivated and able to work with minimal supervision.
Ability to work independently while collaborating effectively with stakeholders.
Strong work ethic and ability to operate in a fast-changing environment.

How to Apply

Interested and qualified candidates should apply online:

Apply Online: https://firstrand.wd3.myworkdayjobs.com/en-US/FRB/job/Lagos-Central/Financial-Institutions–NBFI–Credit-Analyst_R52476

Application Closing Date: 9th October 2026