Business Development Manager at Ultraviolet Microfinance Bank

Job Summary:

The Business Development Manager is responsible for driving business growth by mobilizing deposits, expanding the bank’s customer base, increasing loan portfolio quality, and developing strategic partnerships that enhance profitability and sustainability of the Bank.

Key Responsibilities:

Deposit Mobilization & Revenue Growth

• Develop and implement strategies to mobilize savings and fixed deposits.
• Drive achievement of monthly and annual deposit targets.
• Identify high-net-worth individuals, SMEs, cooperatives, and corporate clients.

Loan Portfolio Development

• Grow the bank’s quality loan portfolio.
• Ensure proper loan structuring in collaboration with credit team.
• Monitor loan performance to minimize default rates.

Business Strategy & Planning

• Develop business growth strategies aligned with the bank’s objectives.
• Conduct market research and competitor analysis.
• Identify new markets and expansion opportunities.

Relationship Management

• Build and maintain strong relationships with key clients and stakeholders.
• Represent the bank at business meetings, networking events, and community engagements.
• Handle high-value client negotiations.

Team Leadership

• Supervise and mentor deposit mobilization officers and marketing staff.
• Set performance targets and monitor team productivity.
• Conduct periodic performance reviews.

Compliance & Risk Management

• Ensure all business activities comply with CBN regulations and internal policies.
• Work closely with risk and compliance teams.