Managing Director at Dove Consulting

Position Overview

• The Managing Director (MD) is the highest-ranking executive of the Microfinance Bank, responsible for the overall strategic, operational, and financial performance of the institution.
• The MD will lead the bank in achieving its mission of financial inclusion, providing innovative and sustainable microfinance solutions to underserved communities.
• This role demands a proactive leader with exceptional banking expertise, strategic vision, and operational execution capabilities.

Key Responsibilities
Strategic Leadership:

• Develop and implement the bank’s strategic goals and objectives in alignment with its vision and mission.
• Lead the preparation and execution of the bank’s annual business plans, ensuring financial sustainability and compliance with regulatory requirements.
• Identify market opportunities and create strategies to expand the bank’s portfolio and customer base.
• Guide the bank toward achieving its financial inclusion goals through innovative microfinance products and services.

Financial Management:

• Oversee the bank’s financial health, ensuring profitability, liquidity, and effective risk management.
• Approve budgets, monitor financial performance, and ensure proper allocation of resources to optimize returns.
• Ensure compliance with all financial reporting standards and provide timely, accurate reports to the Board of Directors.
• Monitor credit management processes to ensure high-quality loan portfolios and minimal non-performing loans (NPLs).

Regulatory Compliance:

• Ensure the bank operates within the framework of regulatory guidelines provided by the Central Bank of Nigeria (CBN) and other relevant authorities.
• Lead the implementation of best practices in corporate governance, internal controls, and risk management.
• Serve as the primary point of contact for regulators, auditors, and other external stakeholders.

Operational Excellence:

• Oversee day-to-day operations of the bank, ensuring efficient service delivery, customer satisfaction, and achievement of operational goals.
• Drive the adoption of technology and digital solutions to enhance operational efficiency and customer engagement.
• Manage and monitor branch activities to ensure alignment with the bank’s goals and regulatory standards.

Team Leadership and Development:

• Provide leadership to the bank’s management team, fostering a culture of accountability, innovation, and excellence.
• Recruit, mentor, and retain top talent, ensuring continuous capacity building and performance improvement.
• Set performance targets for key departments and conduct regular reviews to monitor progress.

Stakeholder Engagement:

• Build and maintain strong relationships with stakeholders, including customers, investors, regulators, and community leaders.
• Represent the bank at industry events, forums, and meetings to enhance its visibility and reputation.
• Drive corporate social responsibility (CSR) initiatives to strengthen the bank’s ties to the community.

Key Qualifications

• A Master’s Degree (MBA or related) is an added advantage.
• Professional certifications such as CIBN (Chartered Institute of Bankers of Nigeria), ACCA, or ICAN are desirable.

Experience:

• A minimum of 7 years of progressive experience in the banking or microfinance sector, with at least 4 years in a senior management or leadership role.
• Demonstrated experience in credit management, financial analysis, and portfolio management.
• Proven track record of driving business growth and operational efficiency in a financial institution.

Skills and Competencies:

• Leadership and Strategic Thinking: Ability to inspire and lead a team toward achieving strategic objectives.
• Financial Acumen: Strong knowledge of financial management, credit analysis, and banking operations.
• Regulatory Knowledge: Deep understanding of CBN regulations, microfinance policies, and compliance requirements.
• Customer Focus: Commitment to delivering exceptional customer service and addressing the needs of underserved communities.
• Digital Savvy: Proficiency in leveraging technology for operational efficiency and customer engagement.
• Communication and Interpersonal Skills: Excellent ability to engage with diverse stakeholders and build lasting relationships.