Announced
07 September, 2024
Job Type
Full Time
Job Status
Employee
Job Title
Managing Director
Job Location
Job Presentation
Our client is a Microfinance Bank that is technology driven, and gives personal or business loans to its customers.They are looking to hire an experienced managing Director.
Job Overview
As a Managing Director, you will lead and oversee the overall operations and strategic direction of the bank.The MD is responsible for ensuring the bank's financial health, growth, and compliance with regulatory requirements. This role involves making high-level decisions, managing risk, and fostering a strong organizational culture that aligns with the bank's mission to provide financial services while driving profitability and sustainability.
Strategic Leadership:
• Collaborate with the Board to define and steer the overall strategic direction of the bank.
• Develop and implement a comprehensive long-term business strategy to meet the bank’s objectives and
foster sustainable growth.
• Design and oversee the execution of a 5-year strategic plan in alignment with the bank's vision and goals.
• Establish and monitor company-wide KPIs to evaluate performance across all departments and ensure
alignment with strategic objectives.
Business Development:
• Partner closely with the Sales team to craft and execute effective sales strategies, driving the acquisition of
new business and expanding the customer base.
• Conduct ongoing business analysis to anticipate and adapt to industry trends, market shifts, and
competitive dynamics.
• Lead efforts to identify and seize new growth opportunities, ensuring the bank remains competitive in the
market.
Operational Oversight:
• Prepare and monitor the corporate plan and annual business plan, ensuring efficient and cost-effective attainment of company objectives.
• Introduce and implement robust systems, policies, structures, and resources to support the bank’s growth operational excellence.
• Oversee centralized loan processing and account opening functions to enhance efficiency, quality, and control.
Financial Management:
• Collaborate with the Finance department to set budgets and financial forecasts, ensuring sound financial planning and management.
• Regularly review and adjust financial strategies to align with the bank’s performance and market conditions.
• Report financial and operational results to shareholders on a quarterly and annual basis, maintaining transparency and accountability.
Risk Management & Compliance:
• Analyze and manage operational risks, continuously improving procedures, workflows, and controls to enhance operational efficiency and mitigate risk.
• Safeguard customer data and protect against fraud by managing authorization levels and access rights.
• Ensure the bank’s operations comply with all regulatory requirements, maintaining good standing with regulatory authorities.
Stakeholder Engagement:
• Maintain effective communication between shareholders and the Board, ensuring alignment on key strategic initiatives.
• Develop and execute a proactive marketing and public relations strategy to enhance the bank’s visibility and reputation within the community.
• Engage with key stakeholders, including customers, partners, and regulators, to build and maintain strong relationships.
Human Resource Management:
• Build and lead a high-performing, motivated team by developing and managing a well-trained workforce.
• Foster a positive organizational culture that promotes excellence, collaboration, and continuous improvement.
Innovation & Technology:
• Serve as the Operations Lead for the implementation of the Microfinance core banking system, ensuring seamless integration with operational processes and policies.
• Define and implement new policies and procedures to support product development, refinement, and the introduction of new technologies and delivery channels.
• Ensure the bank is prepared for business continuity by developing and maintaining robust contingency plans for minor and major incidents.
Performance Reporting:
• Provide regular performance updates to the Board and shareholders, offering insights into the bank’s progress towards its strategic goals.
Requirements
• A minimum of first degree or its equivalent in any discipline (additional qualification in any business related discipline would be an advantage);
• Evidence that the candidate possesses proven skills and competences in practical microfinance banking and has undergone the Microfinance Certification Program and obtained a Certificate in Microfinance Banking issued by the Chartered Institute of Bankers of Nigeria (CIBN); and
• A minimum of 8 years post-graduation experience out of which, at least, 5 must have been in the banking sector.
• A wide knowledge of the microfinance banking industry.
• Strong strategic thinking and leadership skills.
• Excellent financial acumen and understanding of banking operations.
• Ability to innovate and adapt to changes in the market, technology, and regulatory environment
• Exceptional communication and interpersonal skills.
• Ability to build and maintain relationships with stakeholders.
• High level of integrity and ethical standards.
• Strong problem-solving and decision-making abilities.
Job Overview
As a Managing Director, you will lead and oversee the overall operations and strategic direction of the bank.The MD is responsible for ensuring the bank's financial health, growth, and compliance with regulatory requirements. This role involves making high-level decisions, managing risk, and fostering a strong organizational culture that aligns with the bank's mission to provide financial services while driving profitability and sustainability.
Strategic Leadership:
• Collaborate with the Board to define and steer the overall strategic direction of the bank.
• Develop and implement a comprehensive long-term business strategy to meet the bank’s objectives and
foster sustainable growth.
• Design and oversee the execution of a 5-year strategic plan in alignment with the bank's vision and goals.
• Establish and monitor company-wide KPIs to evaluate performance across all departments and ensure
alignment with strategic objectives.
Business Development:
• Partner closely with the Sales team to craft and execute effective sales strategies, driving the acquisition of
new business and expanding the customer base.
• Conduct ongoing business analysis to anticipate and adapt to industry trends, market shifts, and
competitive dynamics.
• Lead efforts to identify and seize new growth opportunities, ensuring the bank remains competitive in the
market.
Operational Oversight:
• Prepare and monitor the corporate plan and annual business plan, ensuring efficient and cost-effective attainment of company objectives.
• Introduce and implement robust systems, policies, structures, and resources to support the bank’s growth operational excellence.
• Oversee centralized loan processing and account opening functions to enhance efficiency, quality, and control.
Financial Management:
• Collaborate with the Finance department to set budgets and financial forecasts, ensuring sound financial planning and management.
• Regularly review and adjust financial strategies to align with the bank’s performance and market conditions.
• Report financial and operational results to shareholders on a quarterly and annual basis, maintaining transparency and accountability.
Risk Management & Compliance:
• Analyze and manage operational risks, continuously improving procedures, workflows, and controls to enhance operational efficiency and mitigate risk.
• Safeguard customer data and protect against fraud by managing authorization levels and access rights.
• Ensure the bank’s operations comply with all regulatory requirements, maintaining good standing with regulatory authorities.
Stakeholder Engagement:
• Maintain effective communication between shareholders and the Board, ensuring alignment on key strategic initiatives.
• Develop and execute a proactive marketing and public relations strategy to enhance the bank’s visibility and reputation within the community.
• Engage with key stakeholders, including customers, partners, and regulators, to build and maintain strong relationships.
Human Resource Management:
• Build and lead a high-performing, motivated team by developing and managing a well-trained workforce.
• Foster a positive organizational culture that promotes excellence, collaboration, and continuous improvement.
Innovation & Technology:
• Serve as the Operations Lead for the implementation of the Microfinance core banking system, ensuring seamless integration with operational processes and policies.
• Define and implement new policies and procedures to support product development, refinement, and the introduction of new technologies and delivery channels.
• Ensure the bank is prepared for business continuity by developing and maintaining robust contingency plans for minor and major incidents.
Performance Reporting:
• Provide regular performance updates to the Board and shareholders, offering insights into the bank’s progress towards its strategic goals.
Requirements
• A minimum of first degree or its equivalent in any discipline (additional qualification in any business related discipline would be an advantage);
• Evidence that the candidate possesses proven skills and competences in practical microfinance banking and has undergone the Microfinance Certification Program and obtained a Certificate in Microfinance Banking issued by the Chartered Institute of Bankers of Nigeria (CIBN); and
• A minimum of 8 years post-graduation experience out of which, at least, 5 must have been in the banking sector.
• A wide knowledge of the microfinance banking industry.
• Strong strategic thinking and leadership skills.
• Excellent financial acumen and understanding of banking operations.
• Ability to innovate and adapt to changes in the market, technology, and regulatory environment
• Exceptional communication and interpersonal skills.
• Ability to build and maintain relationships with stakeholders.
• High level of integrity and ethical standards.
• Strong problem-solving and decision-making abilities.
Reference number
ERJ2631
Valid Till
7 Dec, 2024 (81 days left)
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