Jobs at Afrinvest West Africa Limited

We are hiring a Head of Credit, Marketing & Program Manager for a recently acquired microfinance bank. The Head of Credit, Marketing & Programs is a strategic leadership role responsible for driving the growth and profitability of the Bank by overseeing all credit operations, executing robust marketing strategies, and managing financial inclusion programs. The role is central to achieving the Bank's customer acquisition and loan portfolio targets, expanding market share within priority segments — particularly youth and women-owned businesses — and supporting the Bank's transition to a National MFB license within five years.

Job Details

• Oversee the full credit lifecycle from loan origination, appraisal, and disbursement through monitoring and recovery.
• Develop and enforce credit policies, procedures, and risk assessment frameworks to maintain portfolio quality and minimise NPLs.
• Monitor portfolio performance, analyse trends (PAR, NPLs, recoveries), and implement corrective actions in a timely manner.
• Ensure compliance with CBN regulatory guidelines and internal credit policies across all loan products and segments.
• Drive business development initiatives to identify and convert new market opportunities, partnerships, and customer segments.
• Lead and optimise all sales and customer acquisition drives for loan products, deposits, and other financial services, ensuring consistent achievement of targets.
• Build and maintain relationships with community leaders, corporate partners, cooperatives, and key stakeholders to grow the Bank's customer base.
• Develop and execute marketing campaigns across digital, ATL, and BTL channels to enhance brand visibility, customer engagement, and deposit mobilisation.
• Conduct market research to track customer needs, competitive dynamics, and emerging trends, and translate insights into actionable strategy.
• Manage the Bank's brand identity and public communications, ensuring consistency and a positive market reputation.
• Lead the design and launch of innovative financial products tailored to priority segments — youth, women-owned businesses, and other profitable niches — in collaboration with Operations and IT.
• Develop, implement, and monitor financial inclusion programs, tracking KPIs to ensure both social impact and financial sustainability.
• Continuously evaluate product and program performance and iterate based on market feedback, portfolio data, and strategic objectives.
• Ensure all growth initiatives are executed in alignment with the Bank's 5-year National License roadmap.
• Build, mentor, and manage a high-performing credit, sales, and marketing team with clear targets, accountability structures, and development plans.
• Contribute to strategic planning and EXCO decision-making as a key member of the Executive Management Team.

Requirements

• Bachelor's degree in Banking & Finance, Business Administration, Marketing, Economics, or a related field.
• CIBN (MCIB) membership, MBA, or relevant postgraduate qualification is an added advantage.
• Minimum of 8–10 years of progressive experience in credit, marketing, and business development within banking or microfinance, with at least 5 years in a senior leadership role.
• Proven track record of consistently meeting and exceeding sales and loan portfolio targets.
• Deep understanding of the Nigerian microfinance landscape, CBN regulatory environment, and financial inclusion dynamics.
• Strong experience in product development for niche segments, particularly youth and women-led businesses.
• Proficiency in credit analysis, risk management, and loan portfolio management.
• Strong strategic acumen with the ability to translate market insight into executable plans.
• Excellent leadership, communication, negotiation, and stakeholder management skills.
• Results-oriented with the ability to manage multiple priorities in a fast-paced, growth-stage environment.

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We are hiring a Head of Risk, Audit and Compliance for a recently acquired microfinance bank. The Head of Risk, Audit & Compliance is responsible for designing, implementing, and overseeing the Bank's enterprise risk management, internal audit, and regulatory compliance frameworks. The role ensures the Bank operates safely, profitably, and in full compliance with CBN Guidelines for MFBs and applicable Nigerian laws, while building scalable structures to support the planned transition to a National MFB license within five years. The role works closely with the MD/CEO, CFO, and Head of Operations, and supports the effective functioning of the Board Risk & Audit Committee.

Job Details

• Develop and maintain the Risk Management Framework, risk appetite statement, and enterprise risk register in line with CBN MFB Guidelines and Prudential Guidelines, ensuring scalability for National license operations.
• Identify, assess, and monitor key risks — credit, operational, liquidity, market, compliance, strategic, and reputational — across all branches and business lines.
• Conduct periodic stress testing and scenario analysis on growth, branch expansion, and new product initiatives; present findings and recommendations to Management and the Board Risk Committee.
• Maintain credit risk policies covering underwriting standards, concentration limits (by product, sector, geography, and obligor), portfolio quality monitoring (PAR, NPLs, roll rates, recoveries), and CBN-compliant provisioning and write-off processes.
• Develop and implement a risk-based internal audit plan covering all branches, business lines, and support functions; ensure independent, objective execution and timely reporting of findings to Management and the Board Audit Committee.
• Conduct periodic audits of financial controls, credit processes, branch operations, IT systems, and compliance with internal policies and CBN regulations.
• Track and report on the status of all audit findings; ensure management responses are adequate and that agreed remediation actions are implemented within committed timelines.
• Support external audits and CBN examination processes, coordinating management responses and driving timely closure of all findings.
• Monitor and ensure full compliance with all applicable regulatory requirements including CBN MFB Guidelines, Prudential Guidelines, BOFIA 2020, AML/CFT Regulations, KYC/CDD requirements, CBN Consumer Protection Framework, and NDPA 2023.
• Act as the Bank's designated Compliance Officer and AML/CFT Reporting Officer, overseeing Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), sanctions screening, transaction monitoring, and filing of STRs and CTRs to the NFIU.
• Coordinate all CBN regulatory examinations and inspections; ensure timely, accurate regulatory reporting and proactive closure of all regulatory findings.
• Proactively track and prepare for National MFB license requirements covering risk governance, capital adequacy, and enhanced compliance standards.
• Design and maintain a standardised internal control framework replicable across all existing and new branches.
• Develop, update, and enforce risk, compliance, and operational policies, SOPs, and process manuals; conduct periodic spot checks and branch visits to verify consistent implementation.
• Review new products, channels, and expansion initiatives for risk, control, and regulatory compliance implications, providing clear advisory input prior to launch.
• Prepare and present comprehensive risk, audit, and compliance reports to Management and the Board/Board Committees; support the effective functioning of the Management Risk Committee, Credit Committee, and ALCO.
• Provide risk and compliance input into strategic planning, particularly around branch expansion, product diversification, digital channels, and the National license transition roadmap.
• Develop and deliver regular training on risk management, AML/CFT, KYC, and internal controls; promote a strong culture of compliance, ethics, and risk ownership at all levels.

Requirements

• Bachelor's degree in Finance, Accounting, Economics, Business Administration, Law, or Risk Management.
• Relevant professional certifications are a strong advantage: CRMS or CBN-recognised risk certification, ACA/ACCA, ACAMS or equivalent AML/CFT certification, CIA, or CISA.
• Minimum of 10 years of progressive experience in risk management, internal audit, compliance, or internal control within a Nigerian financial institution; Microfinance Bank or retail bank experience strongly preferred.
• Demonstrated experience designing or significantly upgrading risk, audit, and compliance frameworks in a growing or multi-branch environment.
• Strong working knowledge of CBN regulations for MFBs, including the distinction between State and National MFB license requirements.
• Strong grasp of enterprise risk management across credit, operational, liquidity, market, compliance, and reputational risk dimensions.
• Sound credit analysis and portfolio management skills in micro, SME, and retail lending contexts.
• Excellent analytical, investigative, and problem-solving abilities; high integrity and independence of judgment.
• Ability to build scalable processes, controls, and frameworks and influence senior management and cross-functional teams.
• Strong written and verbal communication skills, including Board-level reporting.

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We are hiring a Head of Operations for a recently acquired Microfinance Bank. The Head of Operations is responsible for the efficient, secure, and compliant management of the Bank's branch operations, back-office functions, technology systems, and service delivery. The role has a dual mandate: sustain operational excellence in current state-licensed MFB operations while building scalable structures, processes, and controls to support the Bank's planned transition to a National MFB license within five years. The role works closely with the MD/CEO, CFO, and Risk & Compliance Officer.

Job Details

• Provide direct oversight of all branches, ensuring consistent adherence to CBN-approved operating procedures, service standards, and internal controls.
• Develop and enforce standardised branch operations manuals and SOPs replicable across existing and new branches.
• Oversee all back-office functions including payments, loan disbursements, account maintenance, reconciliations, vault management, and cash-in-transit, ensuring accuracy and full audit trail integrity.
• Manage the operational readiness process for new branch openings, covering premises, equipment, staffing, systems, and CBN branch licensing.
• Set and enforce service quality standards across all customer touchpoints — branch, phone, and digital channels — in line with CBN Consumer Protection Framework requirements.
• Manage the Bank's formal complaints handling process, ensuring all complaints are logged, resolved, and reported within CBN-prescribed timelines.
• Ensure KYC/CDD, BVN/NIN verification, and customer onboarding processes are compliant, efficient, and scalable.
• Oversee the day-to-day availability, performance, and integrity of the core banking application across all branches, managing relationships with the CBS vendor and IT service providers.
• Develop a technology scalability roadmap aligned with branch expansion plans and National MFB license requirements.
• Oversee digital and alternative channels (mobile banking, USSD, agency banking, ATM/POS), ensuring security, availability, and fraud monitoring.
• Collaborate with the Risk & Compliance Officer to embed operational risk practices across all branches, including incident reporting, root-cause analysis, and control gap remediation.
• Implement and monitor maker-checker controls, dual-authorisation frameworks, and fraud prevention measures across all operational processes.
• Develop, test, and maintain a Business Continuity Plan (BCP) and IT Disaster Recovery Plan (DRP) for all branches and critical systems.
• Oversee procurement, facilities management, and third-party service provider contracts across all branches, ensuring value for money and policy compliance.
• Ensure all operational processes comply with CBN MFB Regulatory Guidelines, AML/CFT/KYC rules, payment system regulations, and NDPA 2023.
• Monitor CBN circulars for operational implications and ensure timely implementation of required changes.
• Build, lead, and develop a disciplined, high-performing operations team with clear accountability structures scalable to a multi-branch National MFB.
• Provide operational input into strategic planning, branch expansion feasibility, digital channel launches, and new product implementations.
• Collaborate with EXCO members to ensure integrated decision-making and smooth execution of the Bank's growth strategy.
• Work collaboratively with other EXCO members to achieve integrated decision-making and smooth implementation of strategy. 

Requirements

• Bachelor's degree in Banking & Finance, Business Administration, Economics, Accounting, or a related field. MBA or postgraduate degree is an advantage.
• CIBN membership, PMP/PRINCE2, or CISA certification is an added advantage.
• Minimum of 7–10 years in banking or financial services operations, with at least 3–4 years in a senior operations or branch management leadership role.
• Demonstrated experience in a Microfinance Bank, retail bank, or multi-branch deposit-taking institution strongly preferred.
• Proven track record in designing and scaling operational processes, SOPs, and internal controls in a growing financial institution.
• Hands-on experience with core banking systems (e.g., Flexcube, Temenos, Mifos, or comparable MFB platforms).
• Deep knowledge of CBN MFB regulatory requirements, payment system rules (NIBSS, NIP, NEFT), and AML/CFT/KYC operational obligations.
• Strong process design capability; ability to build and replicate scalable SOPs and control frameworks across multiple branches.
• Sound understanding of operational risk, internal controls, and fraud prevention in a banking environment.
• Excellent leadership, organisational, and people management skills; ability to hold staff accountable and develop talent at all levels.
• High integrity, attention to detail, calm under pressure, and sound operational judgment.
• Proficiency in MS Office; familiarity with core banking MIS and operations dashboards is an advantage

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We are hiring a CFO for a recently acquired microfinance bank. The CFO & Head of Strategy is a key member of the Executive Management Team, responsible for providing strategic financial leadership and driving the bank’s transformation into a digitally led microfinance institution. The role combines: Financial stewardship: ensuring strong financial performance, compliance, and risk management, and Strategic leadership: defining and executing the bank’s digital and growth strategy in line with regulatory guidelines (CBN, NDIC, etc.) and financial inclusion objectives.

Job Details

• Lead the development and execution of the bank’s 5-year strategic plan, with a strong focus on digital products, channels, and operations.
• Drive the bank’s digital transformation agenda, including digital lending, mobile banking, agent banking, and partnerships with fintechs and payment service providers.
• Identify new business opportunities, market segments, and partnerships that support scalable and sustainable growth.
• Champion a data-driven culture, leveraging analytics and MIS to inform strategy, pricing, risk appetite, and product design.
• Advise the MD/CEO and Board on emerging trends in digital finance, microfinance, and regulatory changes in Nigeria and across Africa.
• Develop and implement the bank’s financial strategy, ensuring alignment with overall corporate strategy and regulatory requirements.
• Lead the annual budgeting and forecasting process, including scenario planning and stress testing.
• Oversee timely and accurate financial reporting, including management accounts, Board packs, and statutory reports in line with IFRS and CBN requirements.
• Monitor financial performance (P&L, balance sheet, cash flow, capital adequacy, liquidity, and profitability ratios) and recommend corrective actions.
• Ensure robust cost management and drive efficiency, including the financial evaluation of digital initiatives and technology investments.
• Oversee treasury management, including liquidity, asset-liability management (ALM), and funding strategies.
• Manage capital planning, ensuring compliance with CBN microfinance bank capital requirements and prudential guidelines.
• Develop and maintain relationships with investors, lenders, development finance institutions (DFIs) and other funding partners.
• Lead capital-raising initiatives (equity, quasi-equity, or debt) to support growth and digital expansion.
• Work closely with the CRO/Head of Risk to maintain a robust enterprise risk management framework, especially credit, market, liquidity, and operational risks related to digital channels.
• Ensure strong Internal Controls and financial governance, including policies for digital transactions, e-channel reconciliations, and fraud risk mitigation.
• Ensure full compliance with CBN, NDIC, FIRS, and other regulatory bodies, particularly for microfinance and digital financial services.
• Oversee the implementation of systems to monitor portfolio quality (PAR, write-offs, recoveries), especially for digital and automated lending products.
• Collaborate with the Chief Technology Officer/Head of Digital (or equivalent) to develop financially viable digital products (e.g., nano loans, digital savings, agency banking solutions).
• Own unit economics and profitability models for key products and channels, both traditional and digital.
• Evaluate and structure partnerships with fintechs, agents, aggregators, and other third parties to ensure financial viability and compliance.
• Assist to define pricing and fee structures aligned with customer value, competition, and regulatory guidelines on microfinance pricing.
• Build and lead a high-performing Finance & Strategy team including planning, performance management, coaching, and succession planning.

Requirements

• Bachelor’s degree in Accounting, Finance, Economics, or related field.
• Professional qualification such as ICAN, ACCA, or equivalent is mandatory.
• MBA or Master’s in Finance/Strategy is an added advantage.
• Minimum of 10–15 years relevant experience, with at least 5 years in a senior leadership role (CFO, Head of Finance, Head of Strategy, or equivalent) in Microfinance, commercial banking, digital banking, fintech, or related financial services.
• Demonstrable experience in financial management and reporting in a regulated financial institution, Strategic planning and execution, Managing regulatory relationships (CBN, NDIC, etc.) in Nigeria.
• Strong knowledge of IFRS, CBN microfinance guidelines, BOFIA, and other relevant regulations.
• Expertise in financial modelling, budgeting, and performance management.
• Strong understanding of digital financial services, mobile money, agent banking, and fintech ecosystems in Nigeria.
• Proficiency with core banking systems, MIS, and relevant financial and BI tools.
• Strong communication and stakeholder management skills (Board, regulators, investors, partners).
• High integrity, professionalism, and commitment to financial inclusion and customer-centricity
• Ability to work in a fast-paced, transforming environment and manage change
• Prior experience in microfinance or lending to MSMEs/low-income segments is highly desirable.
• Familiarity with digital credit scoring, alternative data, and API-based integrations will be an advantage.

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Job Summary

We are seeking an analytical Portfolio Manager to join our asset management team. This role involves developing and implementing investment strategies, managing client portfolios, and conducting in-depth financial research. The ideal candidate will possess a strong understanding of financial markets, excellent analytical skills, and a passion for delivering exceptional client outcomes.

Job Details

• Implementation of investment strategies for various fund assets and client portfolios.
• Conducting thorough research on investment opportunities to define risk-and-return profiles and support investment decisions.
• Assembling financial models to value debt and equity, and applying these models in investment and financial planning decisions.
• Preparing detailed investment recommendations and reports for review and approval by senior management and clients.
• Monitoring existing external investment managers and their performance, including material differences versus benchmarks.
• Performing due diligence on prospective new managers and recommending them for the portfolio.
• Assisting in the preparation of quarterly reports and letters to clients, and managing client interactions and communications.
• Supporting the day-to-day asset trading on behalf of the fund’s investors.
• Identifying, managing, and proposing resolutions for systemic cross-work risks, issues, and interdependency conflicts within portfolios.
• Participating in the administration of team portfolios on an ongoing basis, resolving issues, and disseminating information to partners.
• Conducting financial analysis, calculating financial covenants and yields, performing industry analysis, and preparing financing memorandums.
• Analyzing complex companies and industries, conducting credit analysis, and assigning credit ratings for portfolios.
• Reviewing and evaluating key partnership terms and documents, and conducting due diligence on offering memorandums and subscription documents.
• Contributing to the development and execution of planning in partnership with enterprise integrated planning and respective Project Management Offices (PMOs)

Requirements

• Bachelor’s degree in business, finance, economics, or a similar field is required. 
• Minimum of 5 years of portfolio management experience, or commercial banking portfolio management experience.
• Familiarity with financial modeling and comprehensive knowledge of topics related to financial planning.
• In-depth understanding of the securities industry, including investment and insurance products and services.
• Knowledge of risk management principles and portfolio construction and adjustment techniques.
• Proficient experience in change management methodologies.
• Experience using data reporting with a strong ability to translate complex data into actionable insights for business partners.
• Working knowledge of credit products lifecycle, especially commercial loan products.
• Strong knowledge of GAAP Accounting / International Financial Reporting Standards and ratio analysis, cash flow, and trend analysis.
• Ability to read and analyze financial statements, and to handle subjectivity in financial analysis.
• The Chartered Financial Analyst (CFA) designation or Certified Financial Planner (CFP) certification is an added advantage.
• Ability to work in a fast-paced environment and manage time effectively across multiple projects simultaneously.
• Excellent communication, networking, and interpersonal skills for client interactions and internal collaboration.

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As a Management Consultant, you will play a critical role in providing strategic advice and solutions to our clients. Your primary responsibilities will include conducting research, analyzing data, and working closely with clients to identify business challenges and implement effective solutions. This role requires a deep understanding of business operations, excellent problem-solving skills, and the ability to communicate and collaborate effectively with clients and internal teams.

Job Details

• Support business development activities, such as the creation of thought papers and proposals, to showcase the firm's expertise.
• Actively contribute to expanding the firm's client base and increasing the pipeline of potential projects 
• Facilitate discussions with clients to thoroughly understand their business challenges, goals, and needs.
• Interview client employees, management teams, and other stakeholders to gather essential information.
• Conduct research and data collection to gain insights into clients' industries, competitors, and market dynamics
• Perform quantitative analysis, including data mining, financial modeling, and valuation analysis.
• Conduct qualitative research to gather market data and business intelligence.
• Utilize research findings to define client problems and propose effective solutions.
• Conduct quantitative and qualitative analysis to support recommended solutions.
• Consolidate research and analysis to present actionable recommendations to clients. 
• Develop and present detailed plans to implement recommended changes.
• Assist clients in the implementation of solutions, ensuring they receive the necessary support and guidance.
• Manage client projects and transaction programs, overseeing the execution and ensuring projects meet client expectations.
• Maintain regular communication with clients to keep them informed of project progress and outcomes.

Requirements

• Bachelor's degree in a relevant field (e.g., Business, Management, Finance, or a related discipline). A master’s degree is a plus.
• 6 years of experience in management consulting or a similar role.
• Proven track record of successful project management and client engagement.
• Strong analytical skills and the ability to synthesize complex data into actionable insights
• In-depth knowledge of financial markets, investment strategies, and asset classes.  
• Proficiency in financial modeling and valuation techniques.  
• Excellent analytical, research, and problem-solving skills.  
• Strong communication and interpersonal skills, with the ability to effectively communicate complex financial information.  
• Ability to work independently and as part of a team.  
• Proficiency in data analysis tools and software (e.g., Excel, data visualization tools, and databases)
• Excellent stakeholders’ engagement and management skills

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We are seeking a detail-oriented Financial Planning Analyst to join our finance team. The Financial Planning Analyst will be responsible for assisting with financial forecasting, budgeting, and analysis to support strategic decision-making across the organization. The ideal candidate will have strong financial modeling skills, a solid understanding of accounting principles, and excellent communication abilities.

Job Details

• Participate in the preparation of annual budgets, forecasts, and long-range financial plans.  
• Develop and maintain financial models for various business units and projects. 
• Analyze financial data to identify trends, variances, and opportunities for improvement.  
• Support the monthly financial reporting process, including variance analysis and management reporting.  
• Prepare ad-hoc financial analysis to support decision making. 
• Assist in the evaluation of potential investments, mergers, and acquisitions.  
• Continuously improve financial processes and systems to enhance efficiency and accuracy.  
• Prepare financial presentations and dashboards for executive leadership and board meetings.  
• Perform ad-hoc financial analysis to support strategic initiatives and business development opportunities.  
• Ensure compliance with internal financial policies and external regulatory requirements.  

Requirements

• Bachelor’s degree in Finance, Accounting, Economics, or a related field is required.  
• 2-4 years of experience in financial planning and analysis, investment banking, or a similar role.  
• Strong financial modeling and analytical skills.  
• Proficiency in Microsoft Excel and financial software applications (e.g., Vareto, SQL).  
• Knowledge of accounting principles and financial statement analysis.  
• Excellent communication and interpersonal skills.  
• Strong attention to detail and problem-solving abilities.  
• Experience with ERP systems (e.g., NAV, SAGE) is a plus.  
• Familiarity with business intelligence tools (e.g., Tableau, Power BI) is a plus.  
• Professional certifications (e.g, ACA, ACCA, CFA) are a plus.