Managing Director at Prosperity Microfinance Bank Nigeria Limited

Job Purpose

• The Managing Director (MD) is responsible for providing overall leadership, strategic direction, and operational oversight of the Microfinance Bank.
• The MD ensures the bank’s profitability, regulatory compliance, financial sustainability, and alignment with its vision of promoting financial inclusion.

Key Responsibilities

• Provide strategic leadership and direction for the bank in line with policies approved by the Board of Directors.
• Formulate, implement, and monitor business strategies that drive profitability, sustainability, and growth.
• Ensure compliance with the Central Bank of Nigeria (CBN), NDIC, and all other regulatory requirements.
• Oversee day-to-day operations, ensuring efficiency, customer satisfaction, and adherence to best practices.
• Lead risk management practices, including credit portfolio quality, liquidity, and operational risk control.
• Drive innovation and digital transformation to improve financial services delivery and customer reach.
• Build and maintain strong relationships with stakeholders, including customers, regulators, shareholders, and the community.
• Prepare and present periodic operational and financial reports to the Board of Directors.
• Champion corporate governance, transparency, accountability, and ethical business practices.
• Lead, mentor, and motivate management and staff to achieve organizational objectives.
• Identify and develop new products, services, and markets that align with the bank’s mission of financial inclusion.

Qualifications & Experience

• Minimum of a Bachelor’s Degree in Banking & Finance, Accounting, Economics, Business Administration, or a related field.
• A Master’s degree (MBA, MSc) and/or professional certifications (ACIB, ICAN, ACCA, CFA, CIBN) will be an added advantage.
• Minimum of 10 years of banking experience, at least 5 years in senior management positions within microfinance, commercial, or development banking.
• Strong understanding of CBN regulations, microfinance operations, credit administration, and financial management.
• Proven track record of business growth, leadership, and strategic execution.