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.
We structure the most appropriate financing solutions to meet the needs of our clients, whether for project finance, on-balance sheet lending or a combination thereof. Our ability to think differently and our collaborative spirit is what sets us apart and enables us to deliver on our brand promise: Traditional values. Innovative ideas.
We are a proud African corporate and investment bank with an extensive deal footprint across more than 35 African countries. RMB has funded several infrastructure and resource finance projects, mergers and acquisitions, and infrastructure developments in many African countries over the past decade.Job Description
The essence of this role is to centralize all operational and regulatory responsibilities relating to the Credit function, to enhance the levels of service, compliance, timeliness, and quality of credit regulatory reporting.
Responsibilities
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
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
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
Qualifications and Experience
Candidates should possess an Undergraduate Degree in a relevant discipline
Minimum of seven years of relevant working experience within a Nigerian bank or financial institution
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.
Competency and General Skills:
Technical Skills:
General knowledge and understanding of business, industry, and the macroeconomic environment
Good understanding of financial instruments and banking products, as well as their linkages in determining
High level competency in MS Office
High level of numeracy
Strong ability to read and analyze data
Strong verbal and written communication
Sound presentation skills.
Key Competencies:
Result-oriented and driven – A self-starter who produces a consistently high quality of output within agreed deadlines. Prompt and proactive in driving for results and has problem-solving aptitude.
Creative / Innovative – Must possess the ability to identify and initiate more efficient ways of doing things.
Detail – Must possess a strong level of attention to detail, and accuracy and be well organized, which are considered essential for regulatory reporting. Must also possess the ability to process and work with large volumes of data.
Good communication skills – Must possess the ability to communicate and debate views effectively, constructively and convincingly using verbal and non-verbal means.
Relationship-building capability – Must possess the ability to put people at ease and build sound relationships based on mutual trust and openness.
Human Relations Profile:
Ability to strike and maintain good client relationships.
Strong character & integrity paramount
High degree of self-confidence; pleasant personality; well-presented
Well organized / good time management skills / disciplined/ detail orientated
Self-starter able to work with minimal supervision
Team oriented
Flexible when necessary and able to work effectively under pressure.
