Jobs

Chief Executive Officer (CEO) at Memento Microfinance Bank (MMFB)

Memento Microfinance Bank (MMFB) is a Tier 1 Unit microfinance bank licensed by the Central Bank of Nigeria (CBN) and committed to the economic growth and empowerment of Nigerian individuals and small/medium sized businesses. MMFB is a digital bank, offering products and services that are tailored to meet customers’ needs; cutting across micro savings, micro loans, investments, capacity building and financial advisory services. MMFB was licensed in 2021 and is in preparation to formally launch operations in Q2 2022.

We are recruiting to fill the position below:

Job Title: Chief Executive Officer (CEO)

Location: Yaba, Lagos
Company type/Sector: Digital bank/ Financial Services
Reports to: Board of Directors
Department: Microfinance Bank
Employment: Type Full-Time

Role Summary

The CEO is responsible for giving strategic guidance and direction for the microfinance bank.
The CEO will lead the senior executive team and be directly accountable for the general management and oversight of the bank to deliver targeted profitability, business and market share growth, and product penetration.
The ideal candidate for this role will have clearly demonstrated strong leadership skills, results orientation and be able to interpret the corporate vision into growth strategies and profitable operations.

Responsibilities

Build the organizational structures and business teams to maximize productivity and performance.
Oversee and manage the senior leadership team of the microfinance bank.
Coordinate the development of key performance goals for functions and direct reports.
Prepare strategic roadmaps, budgets and annual business plans.
Manage and maintain relationships with the CBN, other regulatory agencies and strategic stakeholders.
Initiate and support the development of a healthy internal culture that retains key employees and encourages their professional development.
Evaluate and decide upon key investments in equipment, infrastructure, and talent.
Ensure business compliance with company's policies, procedures and corporate governance expectations.
Responsible for leading the identification of target market segments and developing strategies for growth.
Directly supervise the Department Heads, and indirectly, senior management responsible for major strategic business units (SBU) through the Department Heads.
Responsible for ensuring business compliance with the company’s policies, procedures and corporate governance expectations.
Facilitate and present periodic business performance reviews reports to the Board.
Any other duties and responsibilities which may be required from time to meet the objectives of MMFB.

Qualifications, Skills & Competencies

A Degree in Business Administration, Finance, the Sciences, or any other related field.
Minimum of 10 years senior management experience within the financial services industry.
Prior microfinance experience is desirable, particularly within a microfinance bank from an international network.
Strong leadership and relationship-building skills.
Communication skills – verbal, non-verbal and written.
Self-starter and very organized, with strong attention to detail.
Good product development and portfolio management capabilities.
Must have undergone the Microfinance Certification Programme and obtained a Certificate in Microfinance Banking issued by the Chartered Institute of Bankers of Nigeria (CIBN).
Excellent problem-solving skills; analytical and structured in his/her thinking.