We are seeking a versatile, strategic, and results-oriented executive to serve as the Managing Director/Chief Executive Officer (MD/CEO) of a Microfinance Bank. The MD/CEO will provide overall leadership and strategic direction for the Bank, driving the delivery of accessible, responsible, and technology-enabled financial services to micro, small and medium-sized businesses, entrepreneurs, and individuals within its licensed area.
The role is responsible for driving sustainable growth in deposits, quality lending, customer acquisition, revenue, and profitability, while maintaining strong credit discipline, effective financial and operational controls, regulatory compliance, sound corporate governance, and the overall financial stability and long-term sustainability of the Bank.
Responsibilities
1.Strategic Leadership
Translate the Board's strategy into annual business plans, budgets and functional targets.
Lead the execution of the Bank's strategic and operational objectives.
Monitor business performance and take corrective action where required.
Drive innovation and the effective use of technology across the Bank.
2.Business Growth and Financial Performance
Drive deposit mobilization, customer acquisition, lending and revenue growth.
Ensure effective management of costs, profitability and financial resources.
Monitor the Bank's financial and operational performance against approved targets.
Develop and maintain strong relationships with key customers, businesses and stakeholders.
3. Regulatory and Risk Governance
Maintain effective relationships with the Central Bank of Nigeria, NDIC and other relevant regulators.
Ensure compliance with applicable regulatory requirements, prudential guidelines and internal policies.
Ensure adequate capital, liquidity and other prudential requirements are maintained.
Provide leadership in managing credit, operational, liquidity and other material risks.
4. Executive and People Leadership
Lead and coordinate the executive management team and Heads of Function.
Chair Management Committee and ALCO meetings as required.
Promote a strong culture of integrity, customer service, accountability and effective internal control.
Develop management capability and succession plans for key positions.
5. Board and Stakeholder Reporting
Provide accurate and timely reports to the Board and its committees.
Implement Board decisions and provide regular updates on business performance and material risks.
Represent the Bank before regulators, customers, investors and other key stakeholders.
Requirements
Qualifications
MBA, MSc or equivalent postgraduate qualification.
Relevant professional certification such as CIBN, ACA, ACCA or CFA is preferred.
Minimum of 15 years' post-qualification experience in banking or financial services.
Minimum of 5 years' experience in senior management within a Bank or Microfinance Bank.
Experience in digital banking or fintech is strongly preferred.
Must satisfy applicable CBN Approved Persons' Regime and fit-and-proper requirements.
Ability to travel
Core Competencies
Strategic and executive leadership
Banking and financial management
Deposit mobilization and business development
Credit and risk management
Regulatory and corporate governance
Financial and commercial acumen
Stakeholder management
People leadership and decision-making
Performance Measures
Achievement of approved deposit, revenue, profitability and customer growth targets.
Maintenance of required capital, liquidity and prudential ratios.
Timely and accurate Board and regulatory reporting.
Effective management of regulatory examinations and compliance requirements.
Development and retention of a capable management team.
Achievement of the Bank's approved strategic and operational objectives.
Benefits
An opportunity to lead and shape a high-growth Microfinance Bank, build a technology-driven financial institution from the ground up, create meaningful financial inclusion and business impact, and enjoy a competitive executive compensation package aligned with the strategic importance of the role.
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