Ongoing Recruitment at Lovonus Microfinance Bank

Reports To: Board Audit Committee

We are seeking a seasoned, highly analytical, and ethical professional to lead our Internal Control and Audit department. The Head of Internal Control & Audit will be responsible for developing and executing a comprehensive internal audit program, ensuring strict regulatory compliance, safeguarding bank assets, and improving the overall operational efficiency of the institution.

The ideal candidate will have a deep understanding of CBN regulations, risk management, and microfinance banking operations, coupled with an uncompromising stance on integrity.

Key Responsibilities

• Audit Planning & Execution: Formulate, implement, and manage the annual risk-based internal audit plan to assess the adequacy and effectiveness of the bank’s internal controls.
• Regulatory Compliance: Ensure full compliance with Central Bank of Nigeria (CBN) regulations, NDIC guidelines, and other relevant statutory requirements.
• Risk Assessment: Identify, assess, and evaluate operational, financial, and credit risks across all branches and departments.
• Investigation & Fraud Prevention: Lead investigations into suspected fraud, forgeries, or operational lapses and recommend appropriate disciplinary or corrective actions.
• Financial & Operational Reviews: Review accuracy and reliability of financial reports, loan disbursements, and general ledger reconciliations.
• Reporting: Prepare and present independent, objective, and timely audit reports to the Managing Director and the Board Audit Committee.
• Internal Control Maintenance: Continuously review and update the bank’s internal control policies to plug loopholes and adapt to evolving security or operational needs.

Requirements & Qualifications

• Education: Bachelor’s degree in Accounting, Finance, Economics, or a related discipline.
• Professional Certification: Must be a Chartered Accountant (ICAN or ACCA). Certifications such as CISA, CIA, or CFE are a distinct advantage.
• Experience: * Minimum of 5–10 years of experience in internal control, audit, or risk management within the banking sector.
• At least 3 years in a senior or managerial role (Microfinance experience is highly preferred).

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Reports To: Head of Business Development 

We are looking for a results-driven and customer-oriented Business Development Officer to join our team. In this role, you will be responsible for driving the bank\'s growth by identifying new business opportunities, mobilizing deposits, marketing loan products, and managing client relationships.

The ideal candidate possesses excellent communication skills, a strong network, and a passion for financial inclusion and sales.

Key Responsibilities

• Client Acquisition & Marketing: Source for new individual and corporate clients to actively market the bank’s deposit and loan products.
• Deposit Mobilization: Meet and exceed set monthly targets for deposit mobilization and account opening.
• Loan Portfolio Management: Evaluate loan applications, conduct thorough credit appraisals/site visits, and ensure high-quality loan disbursement.
• Relationship Management: Maintain excellent relationships with existing clients to ensure customer retention, repeat business, and referrals.
• Recovery & Monitoring: Monitor loan repayment schedules and follow up with clients to ensure zero tolerance for default and maintain a healthy Portfolio at Risk (PAR).
• Market Intelligence: Keep track of market trends, competitor activities, and customer feedback to suggest product improvements.

Requirements & Qualifications

• Education: B.Sc. or HND in Marketing, Business Administration, Banking and Finance, or any related field.
• Experience: * Minimum of 2–4 years of active experience in marketing or business development within a Microfinance Bank or commercial bank.
• Proven track record of meeting and exceeding sales/mobilization targets.

Skills:

• Strong marketing, negotiation, and persuasion skills.
• Good understanding of micro-lending and credit risk assessment.
• Excellent communication and interpersonal skills.
• Proficiency in basic computer applications (MS Word, Excel).
• Personal Attributes: Target-driven, self-motivated, honest, and able to work under pressure with minimal supervision.