The Role
Leads the microfinance bank as CEO, overseeing strategy, operations, growth, profitability, digital transformation, risk management, regulatory compliance, governance, financial planning, and executive leadership. The role requires expanding market reach, managing loan portfolio quality, ensuring CBN and NDIC compliance, maintaining capital and liquidity health, reporting to the board, and building a high-performance organizational culture.
Summary Generated by Built In
Hiring – Managing Director
Location: Lagos
Our client is a leading microfinance institution dedicated to providing accessible, flexible, and innovative financial services to individuals, micro-enterprises, and SMEs. Licensed and regulated by the Central Bank of Nigeria (CBN), the bank offers a range of financial products including micro-loans, savings, digital banking solutions, and advisory services tailored to foster economic empowerment and financial inclusion.
The company is seeking to hire an experienced, vision-driven, and strategic Managing Director (MD). The MD will serve as the Chief Executive Officer, taking ultimate responsibility for the overall strategic direction, operational management, financial growth, and regulatory compliance of the bank. You will lead the executive team in expanding the bank's market footprint, driving digital transformation, and delivering sustainable profitability while maintaining rigorous risk management standards.
Key Responsibilities:
- Formulate, execute, and monitor the bank's short- and long-term strategic plans in alignment with the Board of Directors' vision.
- Drive business growth, market share expansion, and customer acquisition across target microfinance and SME segments.
- Identify new market opportunities, expansion locations, and innovative product offerings (e.g., digital lending, mobile banking platforms).
- Represent the bank in high-level stakeholders' meetings, key strategic partnerships, and public/industry forums.
- Oversee day-to-day operations across all branches and functional units, ensuring seamless execution and service delivery.
- Ensure the health and quality of the loan portfolio by maintaining robust credit risk assessments and efficient loan collection/recovery strategies.
- Supervise the development and deployment of digital banking infrastructure to streamline operations and enhance customer experience.
- Monitor operational metrics and financial performance indicators against set targets and budgets.
- Maintain ultimate accountability for the bank’s financial health, profit and loss (P&L), capital adequacy, and liquidity management.
- Oversee annual budgeting, financial forecasting, capital allocation, and resource optimization processes.
- Establish robust internal control, governance, and risk management frameworks to mitigate operational, credit, liquidity, and reputational risks.
- Ensure continuous readiness for internal and external audits and timely implementation of audit recommendations.
- Ensure total adherence and compliance with Central Bank of Nigeria (CBN) regulations, Nigeria Deposit Insurance Corporation (NDIC) guidelines, and other relevant regulatory bodies.
- Maintain clear and transparent communication with the Board of Directors, providing regular performance updates, strategic reports, and risk evaluations.
- Ensure corporate governance best practices are strictly embedded across all levels of the institution.
- Lead, mentor, and inspire an executive leadership team and broader workforce to achieve high levels of performance and accountability.
- Foster an inclusive, high-performance, and ethical organizational culture focused on innovation and customer-centricity.
- Oversee talent retention strategies, capacity building, and succession planning for critical bank roles.
Requirements
- Bachelor’s degree in Banking, Finance, Economics, Accounting, Business Administration, or related disciplines. Master’s degree or MBA from a recognized institution is highly preferred.
- Mandatory Microfinance Certified Banker (MCB) certification issued by CIBN. Additional professional qualifications such as ACA, ACCA, CFA, or CIBN are strongly desirable.
- Minimum of 15 years’ progressive experience in the banking sector (commercial or microfinance banking), with at least 5 to 7 years in a senior executive leadership role (e.g., Executive Director, General Manager, or Chief Operating Officer).
- Must meet all regulatory "Fit and Proper" person requirements set by the Central Bank of Nigeria (CBN) for microfinance bank executives.
- Proven track record of portfolio growth, successful digital banking transformation, risk management, and profitability in a microfinance or financial services environment.
- Deep understanding of microfinance operations, credit management, financial technology, regulatory frameworks, and board-level reporting.
Benefits
Negotiable
Skills Required
- Bachelor’s degree in Banking, Finance, Economics, Accounting, Business Administration, or a related discipline
- Master’s degree or MBA from a recognized institution
- Microfinance Certified Banker certification issued by CIBN
- Additional professional qualification such as ACA, ACCA, CFA, or CIBN
- Minimum 15 years of progressive banking-sector experience
- At least 5 to 7 years in a senior executive leadership role, such as Executive Director, General Manager, or Chief Operating Officer
- Meet all CBN regulatory Fit and Proper person requirements for microfinance bank executives
- Proven track record of portfolio growth, digital banking transformation, risk management, and profitability in microfinance or financial services
- Deep understanding of microfinance operations, credit management, financial technology, regulatory frameworks, and board-level reporting
Am I A Good Fit?
Get Personalized Job Insights.
Our AI-powered fit analysis compares your resume with a job listing so you know if your skills & experience align.
Success! Refresh the page to see how your skills align with this role.
The Company
What We Do
Dunn and Braxton is an international management consulting firm that provides bespoke recruitment, talent outsourcing, and HR support services to help business owners and founders meet their human capital needs. Based in Nigeria, they aim to be a trusted talent solution provider in Africa, enabling companies to optimize productivity and focus on core innovation by managing their non-core human resource functions.
