MANAGING DIRECTOR/QUANTUM MICROFINANCE BANK

VACANCY

11/13/20232 min read

Job Description: Managing Director/Quantum Microfinance Bank

As the Managing Director of our innovative microfinance bank, you will lead the strategic direction and overall operations of the institution, driving its growth, profitability, and technological advancement in the microfinance landscape. Your visionary leadership, industry expertise, and business acumen will guide the bank toward achieving its mission and solidifying its position as a frontrunner in the microfinance banking sector.

Key Responsibilities:

1. Strategic Leadership: Develop and articulate a clear strategic vision for the microfinance bank, aligning it with industry trends, customer needs, and shareholder expectations.

2. Operational Excellence: Oversee day-to-day operations, including financial management, technology implementation, risk management, and customer service, ensuring optimal efficiency and performance.

3. Innovation and Technology: Drive innovation and digital transformation, leveraging emerging technologies to enhance the bank's products, services, and customer experiences.

4. Financial Performance: Develop and execute strategies to achieve financial targets, manage expenses, optimize revenue streams, and ensure sustainable profitability.

5. Stakeholder Engagement: Foster strong relationships with stakeholders, including customers, investors, regulatory authorities, and industry partners, to enhance the bank's reputation and market presence.

6. Risk Management: Identify, assess, and manage risks across the organization, ensuring compliance with regulatory requirements and industry standards.

7. Talent Development: Build and lead a high-performing executive team, nurturing a culture of collaboration, innovation, and professional growth.

8. Corporate Governance: Ensure compliance with legal and regulatory frameworks, as well as adherence to corporate governance principles.

9. Market Expansion: Identify opportunities for geographic and product/service expansion, driving the bank's growth and market share.

10. Brand Ambassadorship: Represent the bank in external forums, conferences, and media engagements, positioning it as a thought leader and influencer in the microfinance domain.

Educational Qualifications:

- Bachelor's degree in Business Administration, Finance, Economics, or a related field. A Master's degree (MBA) is highly preferred.

- Evidence of enrollment in microfinance certification with the Chartered Institute of Bankers of Nigeria(CIBN)

Job Requirements:

1. Experience: A minimum of 10 years of progressively responsible experience in the financial services industry, with at least 5 years in a senior leadership role. Relevant qualification and/or experience in Non interest (Islamic) finance or experience in line with the extant regulation.

2. Visionary Leadership: Demonstrated ability to lead and inspire teams, set a compelling vision, and drive innovation in a rapidly evolving industry.

3. Business Acumen: Proven track record of driving financial performance, growth, and profitability within a complex business environment.

4. Strategic Thinking: Strong strategic planning and execution skills, with the ability to translate long-term vision into actionable plans.

5. Stakeholder Management: Exceptional interpersonal and communication skills, with the ability to engage effectively with stakeholders at all levels.

6. Risk Management Expertise: Comprehensive understanding of risk management practices, regulatory compliance, and industry standards.

7. Adaptability: Comfortable navigating ambiguity and adapting strategies to respond to market dynamics and industry shifts.

8. Ethical Leadership: Unwavering commitment to ethical conduct, integrity, and transparency in all business dealings.

Join our dynamic Microfinance bank as the Managing Director and drive its evolution in the Microfinance economy. Your leadership will shape the future of banking, creating value for customers, investors, and society at large, while fostering innovation and sustainable growth.