Managing Director at GTI Microfinance Bank Limited

GTI Microfinance Limited was incorporated in August 2007 as a limited liability company and started its operations in 2008 at No. 127 Obafemi Awolowo Road, Ikeja. In October 2013, it was licensed as a State Wide Microfinance Bank and moved its Head Office to No. 4 Tinubu Street, Central Business District, Marina Lagos. Other branches are located at Mushin, Abattoir in Agege, Surulere and Arena.

We are recruiting to fill the position below:

Job Title: Managing Director

Location: Lagos
Employment Type: Full-time

Summary of Job Responsibilities

• The MD shall coordinate and manage all strategic and operational activities of the bank as a profit centre and ensures the delivery of reliable, quality, and timely services to customers at the least cost, in a secure and controlled environment while ensuring maximum profitability and compliance with bank policies and procedures.
• He/She shall work as a key member of GTI Microfinance Bank Limited (GTI MFB) and oversee the design, enhancement, implementation, reporting, and oversight of products development, sales & marketing, financials, and operational activities of the bank.

Specifically, the MD will:

• Take a leadership role in building, implementing, and overseeing all of the Bank’s systems, processes, workflows, and procedures.
• Ensure strategic objectives shaped at Executive Management level are translated into tactical business plans with mechanisms for key measurements in place to monitor progress.
• To be the chief driver of the strategic planning, budgeting and forecasting of business requirements and decision-making process. Shape and guide the future growth and development of the Bank.
• Be responsible for the development and marketing of the digital banking business model of the bank and reporting on its operations, market penetration strategy, profitability, etc.
• Develop, refine and implement operations strategy including aspects of product design, digital banking model development, creation of risk assets, customers outreach and management.
• Ensure overall quality and efficiency of operations through delivery of outstanding services that is customers focused.
• Review performance against balanced scorecard components as prescribed by the Executive Management, discuss gaps and agree on action plans to close gaps.
• Benchmark productivity of the department against industry standards and create measures to improve productivity.
• Build strong relationships with key stakeholders, including the regulators and Executive Management team to ensure the correct focus.
• Monitor the strict adherence to governance and setting high standards of professionalism across all departments of the bank.
• Review performance improvement reports to determine effectiveness of interventions.
• Drive and deliver on the budget of the management office as an integral part of the global budget.

Qualifications & Experience

• Possession of post graduate certification and any of the professional qualificationsuch as ICAN / ACA / MCIBN / CFA / MBA / M.Sc or any other relevant professional bodies.
• Not less than 15 years cognate working experience in the Bankingsector, 5 of which must be in a Microfinance Bank as a Managing Director or an equivalent position.
• The ideal applicant should also have experience in business strategy development, sales & marketing, product development and leadership skills are strongly required.

Basic Requirements:

• Achieve Improvement in Financial Performance through Market Share growth and Operational Efficiency.
• Has leadership and management abilities to oversee the bank.
• Possesses a passion to help team members and customers.
• Able to see the big picture and plan out details.
• Detail-oriented, Goal-oriented, task driven.
• Strong process and planning orientation
• Designs efficient systems, seeks productivity.
• Balances team’s needs with goals of practice
• Ability to delegate to the right team members.

Application Closing Date
31st March, 2022.