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Managing Director
Job Location:
Salary:
Experience Required:
Posted:
14 October 2026 (11 days ago)
Posted:
Application Deadline:
11 January 2027
Application Deadline:
Vacancies:
1 Vacancy
Vacancies:
Job Summary
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 banks market footprint driving digital transformation and delivering sustainable profitability while maintaining rigorous risk management standards.
Key Responsibilities:
- Formulate execute and monitor the banks 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 banks 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
- Bachelors degree in Banking Finance Economics Accounting Business Administration or related disciplines. Masters 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
Required Skills:
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.
Required Education:
Bachelors degree in Banking Finance Economics Accounting Business Administration or related disciplines. Masters 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.
