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Managing Director/ Chief Executive Officer (MFB)

eRecruiter  •  Lagos, NG (Onsite)  •  28 days ago
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Job Description


Job Title: Managing Director/Chief Executive
Officer (MFB)
Location:
Nigeria
Industry:
Microfinance bank
Reports To:
Executive Management


About the Company


Our client, a group of companies recently licensed as a Microfinance Bank (MFB), is looking to hire a Managing Director/Chief Executive Officer (MD/CEO).


Position Overview:
The MD/CEO will provide overall strategic leadership, direction, and management of the Microfinance Bank (MFB), ensuring its growth, sustainability, and compliance with regulatory standards. The role requires a visionary leader with strong experience in financial services, an understanding of the Nigerian microfinance landscape, and the ability to leverage technology and partnerships with fintech/payment players to expand access to financial services.
Key Responsibilities:
Strategy Leadership and Partnerships:
• Develop and implement the Bank’s strategic plan in line with Board directives and regulatory guidelines.
• Drive innovation by forging strong partnerships with fintech, payment serviceproviders, and other technology partners to deliver digital-first financial solutions.
• Identify and implement new products, services, and channels that enhance customer experience and promote financial inclusion.
Operational & Oversight:
• Ensure compliance with the Central Bank of Nigeria (CBN) and all regulatory requirements, including prudential guidelines and reporting.
• Oversee the Bank’s operations, risk management framework, and internal control systems to safeguard assets and ensure efficiency.
• Monitor financial performance, ensuring profitability, liquidity, and sustainability of the Bank.
Business Development & Growth:
• Champion the expansion of customer acquisition strategies, focusing on underserved communities, SMEs, and individuals.
• Drive revenue growth through innovative microfinance products, digital channels, and agency banking initiatives.
• Oversee marketing, customer service, and community engagement to strengthen the Bank’s brand and impact.
People & Culture Management:
• Lead and inspire the management team and staff, promoting a culture of performance, accountability, and innovation.
• Ensure effective talent management, training, and succession planning across the Bank.
• Promote ethical standards, integrity, and customer-centric values throughout the organization.
Board & Stakeholder Engagement:
• Report regularly to the Board on performance, risks, opportunities, and strategic initiatives.
• Build strong relationships with regulators, shareholders, investors, fintech partners, and other stakeholders.
• Provide thought leadership on industry trends and advocate for financial inclusion in Nigeria.
Equality
The post holder must demonstrate commitment and enthusiasm to promote the principle of equality in employment and service delivery.
Key Qualifications & Experience:
• Education: Minimum of a first degree. Additional qualifications in Finance, Banking, Economics, or Business Administration will be an advantage (MBA preferred).
• Professional Certification: Must have successfully completed the Microfinance Certification Programme and obtained a Certificate in Microfinance Banking from the Chartered Institute of Bankers of Nigeria (CIBN) – larp.cbn.gov.ng.
• Experience: At least 10 years post-qualification experience, with a minimum of 5 years in financial services and at least 3 years at senior management level.
• Proven track record of driving business growth and managing partnerships in financial services, particularly with fintech or payment ecosystems.
• Strong understanding of digital banking, microfinance operations, risk management, and regulatory compliance.
Core Competencies & Attributes:
• Visionary leadership with strong strategic thinking and execution ability.
• Excellent understanding of financial technology and digital channels.
• Strong relationship management, negotiation, and networking skills.
• High ethical standards, integrity, and regulatory compliance mindset.
• Strong communication and presentation skills, with the ability to engage stakeholders at all levels.
• Results-driven, resilient, and innovative.
Main Working Relationships
Handshake with all support teams related to the Group businesses and stakeholders.
ONLY QUALIFIED CANDIDATES WILL BE SHORTLISTED
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About eRecruiter

eRecruiter Africa was born from the need to have a Pan-African recruitment consulting firm that places the client first. Our goal is to be the best recruiter in Africa, in the industries we operate.

We succeed because we dare to think differently from our competitors and ask our clients the right questions, thereby uncovering what they may not have thought of. We truly understand our markets and are passionate about it.

We have continued to develop our markets and venture into new territories. Currently, we recruit into the entire African Market. We deliver the right candidates while taking into consideration the role and organizational fit. Our clients are at the heart of our business and we always take an interest in our clients’ business – that’s why we always get it right first time. We currently have a 99% client retention rate

Industry
Consulting & Advisory
Company Size
51-200 employees
Headquarters
Ikeja, NG
Year Founded
2012
Website
erecruiterafrica.com
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