Career Openings at Bosak Microfinance Bank Limited

Summary

• The Enterprise Risk Management Officer will be responsible for identifying, assessing, monitoring, and mitigating risks across various Units of the Bank.

Key Responsibilities

• Assess the Bank’s core risk areas and recommend appropriate mitigation measures.
• Manage and monitor risk exposures across various units, ensuring compliance with internal policies and regulatory expectations.
• Create, analyze, and disseminate risk reports and dashboards for internal control and senior management review.
• Follow up on compliance issues and audit observations, ensuring timely closure and control remediation.
• Review and escalate findings from customer complaints received via the Bank’s toll-free telephone line, and support investigations in collaboration with the Unit Head.
• Conduct daily transaction checks and exception reports, especially those related to field operations and loan disbursement.
• Perform transaction call-over, quality control checks, and loan officer activity reviews.
• Support the documentation and continuous improvement of the Bank’s Enterprise Risk Management (ERM) framework.
• Participate in periodic risk assessments, stress testing, and internal audits.
• Carry out other ad hoc risk-related assignments as directed by the Unit Head.

Qualifications & Requirements

• Bachelor’s degree in Finance, Risk Management, Accounting, Economics, or related field.
• 4 years of relevant experience in risk, compliance, or internal control, preferably within a microfinance or retail banking institution.
• Familiarity with risk frameworks such as Risk Management Graduation Model (RMGM), and a strong understanding of CBN/NDIC regulatory requirements.
• Proficiency in risk reporting, issue tracking, and operational control monitoring.
• Excellent communication and report-writing skills.
• Strong ethical judgment and attention to detail.
• Professional certification is an added advantage.

Why Work with BOSAK Microfinance Bank Limited?

• Salary: N180,000 - N235,000 monthly.
• Comprehensive HMO coverage
• Continuous training and professional development
• Competitive remuneration and welfare package
• Leave and passage allowance
• Clear career growth opportunities in a mission-driven institution
• Supportive work environment where performance and passion are rewarded.

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Responsibilities

• Prepare monthly management accounts, income statements, and balance sheet reviews
• Conduct weekly and monthly bank reconciliations
• Manage treasury and cash flow to ensure liquidity
• Prepare monthly journals and general ledger reconciliations
• Maintain and update the fixed asset register
• Ensure prompt posting of transactions and accuracy of financial records
• Prepare and submit CBN regulatory monthly and annual reports
• Handle PAYE and WHT remittances and documentation
• Liaise with tax consultants, regulatory authorities, and external auditors
• Coordinate and support internal and external audit exercises
• Conduct financial analysis to support management decision-making
• Lead, mentor, and supervise finance team members
• Raise internal memos and support process improvement initiatives
• Ensure compliance with accounting standards, tax laws, and regulatory guidelines

Qualifications, Experience & Competencies

• Bachelor’s degree in Accounting, Finance, Economics, or a related discipline
• ACA/ICAN or ACCA qualification (or in view) is mandatory
• Minimum of 5 years’ cognate experience in financial control, accounting, or audit within a bank or microfinance institution
• Sound knowledge of CBN regulatory framework and microfinance bank operations
• Strong understanding of IFRS, GAAP, and financial reporting standards
• Proven experience in financial reporting, budgeting, and regulatory compliance
• High level of integrity, accuracy, and attention to detail
• Strong leadership, analytical, and risk-awareness skills
• Proficiency in Microsoft Office and core banking/accounting systems

Why Work with BOSAK Microfinance Bank Limited?

• Salary: N400,000 - N450,000 / Month. 
• Comprehensive HMO coverage
• Continuous training and professional development
• Competitive remuneration and welfare package
• Leave and passage allowance
• Clear career growth opportunities in a mission-driven institution
• Supportive work environment where performance and passion are rewarded