Credit Operations and Regulatory Officer at FirstRand Group
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
Ongoing information updates on clients’ credit positions as may be required
All Credit regulatory returns mandated by the FirstRand Group (the “Group”) in respect of:
South African Reserve Bank (“SARB”) reporting requirements, including periodic credit portfolio reports (e.g., BA returns)
Accurately prepare and respond to credit portfolio position requests from departments such as Compliance, Risk, Finance, Operations, and Internal Audit.
Respond to ad-hoc Credit information requests from shareholders, other stakeholders, and regulators.
Support the Credit team in generating credit portfolio reports for the Board and Executive Committee.
Liaise with internal stakeholders to ensure credit file contents 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 met.
Collateral Management
Monitor covenant and condition breaches.
Oversee credit documentation and post-analysis processes.
Teamwork and Personal Development
Imbibe and demonstrate RMB promises and values.
Regularly assess personal performance and seek feedback and training.
Identify and act on development needs by creating a personal development plan.
Maintain a positive attitude and openness to feedback.
Understand and strive to master required competencies and skills.
Stay informed on learning opportunities, evolving products, and industry trends.
Qualifications and Experience
Undergraduate degree in a relevant discipline.
Minimum of seven years’ relevant experience in a Nigerian bank or financial institution.
Prior experience in credit (especially regulatory reporting or Credit Admin/Operations) is an added advantage.
Strong understanding of the Nigerian banking industry and its regulatory requirements.
Competency and General Skills
Technical Skills
Broad understanding of business, industry, and macroeconomic environment.
Knowledge of financial instruments and banking products, and their interrelationships.
Advanced proficiency in Microsoft Office.
High level of numeracy and data analysis ability.
Strong written and verbal communication skills.
Solid presentation skills.
Key Competencies
Result-oriented and driven: A self-starter with a consistent track record of delivering high-quality output on time; proactive with strong problem-solving skills.
Creative / Innovative: Ability to find and implement more efficient ways of operating.
Detail-oriented: Strong focus on accuracy, organization, and handling large data sets—especially important for regulatory reporting.
Good communication skills: Ability to express and defend views clearly and constructively using both verbal and non-verbal communication.
Relationship-building: Builds trust-based relationships with openness and approachability.
Human Relations Profile
Ability to establish and sustain good client relationships.
Exemplary character and integrity.
Confident and well-presented with a pleasant personality.
Highly organized, disciplined, and detail-focused with strong time management skills.
Self-motivated and capable of working independently.