Memento Microfinance Bank (MMFB) Jobs Recruitment [7 new positions]

Latest jobs vacancies at Memento Microfinance Bank (MMFB) May 2022.


Memento Microfinance Bank (MMFB) is a Tier 1 Unit microfinance bank licensed by the Central Bank of Nigeria (CBN) and committed to the economic growth and empowerment of Nigerian individuals and small/medium sized businesses. MMFB is a digital bank, offering products and services that are tailored to meet customers’ needs; cutting across micro savings, micro loans, investments, capacity building and financial advisory services. MMFB was licensed in 2021 and is in preparation to formally launch operations in Q2 2022.

banking and Finance Jobs

May 2022. Data Analyst

Location: Yaba, Lagos
Employment Type: Full – Time
Reports To: Head of Operations

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Job Summary

  • The Data Analyst plays a critical role in delivering the organization’s strategic objectives by managing and designing the reporting environment, including data sources, security, and metadata.
  • The ideal candidate for this role will have clearly demonstrated data analysis skills, results orientation and be able to interpret the data in a way that contributes to profitable operations.

Responsibilities

  • Manage and design the reporting environment, including data sources, security, and metadata.
  • Provide quality assurance of imported data, working with quality assurance analysts if necessary.
  • Help develop reports and analysis; also trains end-users on new reports and dashboards.
  • Support initiatives for data integrity and normalization.
  • Use statistical tools to identify, analyze, and interpret patterns and trends in complex data sets that could be helpful for the diagnosis and prediction.
  • Analyze local, national, and global trends that impact both the organization and the industry.
  • Prepare reports for the management stating trends, patterns, and predictions using relevant data.
  • Work with programmers, engineers, and management heads to identify process improvement opportunities, propose system modifications, and devise data governance strategies. 
  • Prepare final analysis reports for the stakeholders to understand the data-analysis steps, enabling them to take important decisions based on various facts and trends. 
  • Any other duties and responsibilities which may be required from time to meet the objectives of MMFB.

Qualifications, Skills and Competencies

  • Minimum of 3 years work experience within the financial services industry, including proven extensive and relevant data analysis/management experience.
  • Must be able to work in a high-velocity, high performance environment.
  • Must have experience working with Excel, Power BI, PowerPoint and SQL
  • Ability to plan and prioritize workload and delegate accordingly.
  • Knowledge of data analytics and reporting – excellent problem-solving skills; analytical and structured in his/her thinking.
  • Communication skills – verbal, non-verbal and written.
  • Self-starter and very organized, with strong attention to detail.
  • Extremely versatile, dedicated to productivity and able to work efficiently and effectively across multiple teams.

Application Closing Date
Not Specified.

Method of Application
Interested and qualified candidates should:
Click here to apply online

Head, Finance, Administration & MIS

Location: Yaba, Lagos
Employment Type: Full – Time
Reports To: The Chief Executive Officer

Job Summary

  • The Head of Finance, Administration & MIS (Management Information Systems) has primary responsibility for the planning, implementation, managing and running of all the finance activities of the company, including business planning, budgeting, forecasting and negotiations.
  • The role oversees the Accounting, Information Technology (IT) and Administrative functions, and leads all financial management processes including annual budgeting and planning, monitoring of project expenditure, financial reporting and auditing; maintaining and supervising project accounts, books of account, banking and financial operations.
  • The candidate should be a responsible leader with an analytical and strategic mind and have a broad knowledge of the business. The person is also directly responsible for overseeing the use and maintenance of the Management Information Systems of the bank.
  • The ideal candidate for this role will have clearly demonstrated strong leadership skills, results orientation and be able to interpret the corporate vision into growth strategies and profitable operations.

Responsibilities

  • Lead, oversee and manage all areas of the finance, accounting and treasury departments day-to-day operations to ensure KPIs are achieved; build comprehensive and SMART goals for performance and growth.
  • Providing strategic recommendations to the CEO and members of the executive team.
  • Work with the IT team to develop and implement new processes and Management Information Systems that increase financial and operational efficiencies.
  • Managing the processes for financial forecasting and budgets, and overseeing the preparation of all financial reporting.
  • Advising on long-term business and financial planning.
  • Keeping proper accounting records and preparing relevant returns relating to the MFB activities.
  • Liaising with the MFB’s bankers and ensuring that all bank accounts are properly and regularly reconciled.
  • Preparing periodic reports to the CBN.
  • Build relationships with professionals such as Solicitors, Accountants and others whose services would be required from time to time.
  • Establishing and developing relations with senior management and external partners and stakeholders.
  • Develop, implement and conduct regular reviews of all Finance Admin and MIS related procedures.
  • Enable a thriving work environment, building and leading a highly motivated and high-performance team.
  • Design and implement policies, processes and standards that align with overall strategy and targeted culture of the organization.
  • Ensure organizational quality through review, update, implementation and adherence to agreed policies, procedures and manuals.
  • Ensure timely preparations of annual budget, quarterly budget review, forecasts and business plans.
  • Report on operational performance and suggest improvements.
  • Oversee and manage the assets of the organization.
  • Provide strategic input and direction for the development of performance targets, including continuous monitoring to ensure achievement of set targets.
  • Facilitate and present periodic business performance reviews reports to the Board.
  • Manage and maintain relationships with the CBN, other regulatory agencies and strategic stakeholders.
  • Evaluate and decide upon key investments in equipment, infrastructure, and talent.
  • Any other duties and responsibilities which may be required from time to meet the objectives of MMFB.

Qualifications, Skills and Competencies

  • A Degree in Sciences / Engineering, Business Administration, Finance, or any other related field.
  • Minimum of 5 years senior management experience within the financial services industry
  • MSc/MBA or relevant certification (e.g. CFA/CPA) is a plus
  • Relevant professional qualifications, e.g. ACA, ACCA, CIMA
  • Must have undergone the Microfinance Certification Programme and obtained a Certificate in Microfinance Banking issued by the Chartered Institute of Bankers of Nigeria (CIBN).
  • Experience implementing and/or using a Management Information System within the financial services industry.
  • Operates effectively at all levels, especially complex financial data to non-finance staff
  • Proven experience of working effectively with non-finance staff and contributing to wider organizational aims outside of the traditional finance remit
  • Excellent problem-solving skills; analytical and structured in his/her thinking 
  • Knowledge of data analytics, reporting and financial planning
  • Communication skills – verbal, non-verbal and written
  • Self-starter and very organized, with strong attention to detail 
  • Extremely versatile, dedicated to efficient productivity and able to work efficiently and effectively across multiple teams
  • A thorough understanding of microfinance performance metrics/indicators and the ability to interpret and process operations data.

Application Closing Date
Not Specified.

Method of Application
Interested and qualified candidates should:
Click here to apply online

 Loan Officer

Location: Yaba, Lagos
Employment Type: Full – Time
Reports To: Head of Credit / Risk Management & Marketing

Job Summary

  • Loan officers evaluate and authorize the approval of loans and are involved in the recovery of loans.
  • The ideal candidate for this role will have clearly demonstrated strong leadership skills, results orientation and be able to interpret the corporate vision into growth strategies and profitable operations.

Responsibilities

  • Meet with loan applicants to identify their needs and collect information for loan applications.
  • Analyse active loan files on a regular basis and recommend solutions to speed up the loan process.
  • Complete loan contracts and teach clients on policies and regulations.
  • Perform business development tasks, including managing the pipeline by generating leads and referral business, and maintaining relationships with existing and past clients.
  • Meet and communicate with applicants to explain the risks and benefits, as well as the terms of loan products and government regulations.
  • Obtain relevant information and evaluate applicants’ financial status, including credit history, debt-to-income ratio, and appraisal reports, to determine recommendation for loan approval.
  • Determine all applicable ratios and metrics and set up debt payment plans.
  • Providing strategic recommendations to the CEO and members of the executive management team.
  • Any other duties and responsibilities which may be required from time to meet the objectives of MMFB.

Qualifications, Skills and Competencies

  • Minimum of 2 years work experience within the financial services industry, including proven extensive and relevant loan portfolio management experience.
  • Must be able to work in a high-velocity, high performance environment.
  • Ability to plan and prioritize workload and delegate accordingly.
  • Some knowledge of data analytics and reporting – excellent problem-solving skills; analytical and structured in his/her thinking.
  • Communication skills – verbal, non-verbal and written.
  • Self-starter and very organized, with strong attention to detail.
  • Extremely versatile, dedicated to efficient productivity and able to work efficiently and effectively across multiple teams.

Application Closing Date
Not Specified.

Method of Application
Interested and qualified candidates should:
Click here to apply online

Head, Credit / Risk Management & Marketing

Location: Yaba, Lagos
Company type/Sector: Digital bank/ Financial Services
Reports to: Chief Executive Officer
Department: Microfinance Bank
Employment: Type Full-Time

Role Summary

  • The Head of Credit/Risk Management and Marketing is responsible for ensuring the smooth running of the Credit and Marketing departments. The candidate will analyze credit and financial reports to determine risk involved in loaning money or extending credit.
  • The candidate will scrutinize financial data such as market share, income growth, and management quality to decide if loans will be lucrative. Other responsibilities include gathering information, reading financial briefings, assessing, analyzing and interpreting complicated financial information, undertaking risk assessment analysis, visiting clients, keeping company credit exposures within set risk bearing limits, keeping knowledge of key issues up to date (for example legal, market risk and compliance issues), helping to enhance the quality of credit applications, and making recommendations about procedural/policy changes.
  • The candidate will work earnestly to grow risk assets and ensure credits are performing at all times. The candidate must ensure that the non-performing loans are close to zero.
  • The ideal candidate for this role will have clearly demonstrated strong leadership skills, results orientation and be able to interpret the corporate vision into growth strategies and profitable operations.

Responsibilities

  • Lead, oversee and manage all areas of the credit/risk management and marketing department’s day-to-day operations to ensure KPIs are achieved; and build comprehensive and SMART goals for performance and growth.
  • Appraising Risks, carrying out research and planning.
  • Credit Administration, controls and mobilization.
  • Loan monitoring and recovery.
  • Liaising with other banks for inter-bank transactions.
  • Responsible for business development strategy and supervision of all Business Development initiatives, Personnel and Resources.
  • Providing strategic recommendations to the CEO and members of the executive team.
  • Develop and implement the microfinance plan focusing on increasing the outreach of the bank through innovative marketing programs and development of new credit and non-funded products.
  • Oversee the credit risk framework, implement credit strategies, policies and procedures in line with the bank’s corporate strategy and ensure compliance
  • Oversee the articulation and execution of MMFB’s marketing strategies, ensuring alignment with the overall corporate strategy, goals and objectives.
  • Provide guidance, leadership support and direction to the Marketing team.
  • Lead the Bank’s deposit mobilization efforts and ensure quality risks assets are created.
  • Coordinate the deployment of effective market penetration and market share acquisition frameworks.
  • Champion the development and establishment of the effective channel strategies to support MMFB’s marketing efforts.
  • Champion periodic planning and budget review sessions, monitor implementation and performance and ensure development of effective strategies to address shortfall in targets.
  • Monitor changing market dynamics and adapt product offering to effectively meet these needs.
  • Report on Credit Risk and Marketing activities and suggest improvements.
  • Provide strategic input and direction for the development of performance targets, including continuous monitoring to ensure achievement of set targets.
  • Any other duties and responsibilities which may be required from time to meet the objectives of MMFB.

Qualifications, Skills & Competencies

  • A Degree in the Marketing, Business Administration, Finance, or any other related field.
  • Relevant professional qualifications, e.g. ACA, ACCA, ARM.
  • Minimum of 5 years senior management experience within the financial services industry, including Proven extensive and relevant operations management experience .
  • Will be required to obtain a Certificate in Microfinance Banking issued by the Chartered Institute of Bankers of Nigeria (CIBN).
  • Experience implementing and/or using a Management Information System within the financial services industry.
  • Excellent problem-solving skills; analytical and structured in his/her thinking.
  • Knowledge of data analytics, reporting and financial planning.
  • Communication skills – verbal, non-verbal and written.
  • Self-starter and very organized, with strong attention to detail.
  • Extremely versatile, dedicated to efficient productivity and able to work efficiently and effectively across multiple teams.
  • A thorough understanding of microfinance performance metrics/indicators and the ability to interpret and process operations data.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online

Head, Operations Department

Location: Yaba, Lagos
Company type/Sector: Digital bank/ Financial Services
Reports to: the Chief Executive Officer
Department: Microfinance Bank
Employment: Type Full-Time

Role Summary

  • The Head of Operations is responsible for organizing and overseeing the daily operations of the company; designing policies, overseeing customer service channels and implementing technology solutions.
  • The candidate should be a responsible leader with an analytical and strategic mind and have a broad knowledge of the business. The Head of Operations is responsible for productivity and compliance of regulatory policies and guidelines.
  • The ideal candidate for this role will have clearly demonstrated strong leadership skills, results orientation and be able to interpret the corporate vision into growth strategies and profitable operations.

Responsibilities

  • Lead, oversee and manage all areas of the organization’s day-to-day operations to ensure KPIs are achieved; build comprehensive and SMART goals for performance and growth.
  • Funding and managing the MFB’s liquidity position to maximize earnings on surplus liquidity within specified risk limits.
  • Managing relationships with target customers for funding products to maximize returns on investment opportunities opened to the bank.
  • Coordinate the activities of the operations officers and cashiers.
  • Lead general services & corporate affairs.
  • Build public and community relationships.
  • Enable a thriving work environment, building and leading a highly motivated and high-performance team
  • Design business strategy with other members of the executive team.
  • Design and implement policies, processes and standards that align with overall strategy and targeted culture of the organization.
  • Ensure organizational quality through review, update, implementation and adherence to agreed policies, procedures and manuals.
  • Participate in ensuring compliance and adherence to statutory and regulatory requirements as well as continuous update of processes, policies and procedures.
  • Responsible for effectiveness and efficiency of the branches, team development, team morale.
  • Design and implement microfinance code of conduct at the various levels in operations.
  • Develop strategies to minimize customer complaints and suggest ways of managing the public image of the Company.
  • Liaise with the Financial Controller to ensure timely preparations of annual budget, quarterly budget review, forecasts and business plans.
  • Develop business relationships with potential customers as well as existing customers with the view to strengthening the Company’s customer relationship base.
  • Appraise the operational system in place and monitor the implementation of the company’s operation manuals, making appropriate recommendations regarding the need for change.
  • Coordinate customer service operations and ensure customer retention.
  • Oversee and manage the assets of MMFB.
  • Provide strategic input and direction for the development of performance targets, including continuous monitoring to ensure achievement of set targets.
  • Manage and maintain relationships with the CBN, other regulatory agencies and strategic stakeholders (internal and external).
  • Initiate and support the development of a healthy internal culture that retains key employees and encourages their professional development.
  • Any other duties and responsibilities which may be required from time to meet the objectives of MMFB.

Qualifications, Skills & Competencies

  • A Degree in Banking, the Sciences/Engineering, Business Administration, Finance / Accounting, or any other related field.
  • Minimum of 5 years senior management experience within the financial services industry, including Proven extensive and relevant operations management experience.
  • Must have undergone the Microfinance Certification Programme and obtained a Certificate in Microfinance Banking issued by the Chartered Institute of Bankers of Nigeria (CIBN).
  • Excellent problem-solving skills; analytical and structured in his/her thinking.
  • Strong leadership and relationship-building skills.
  • Familiarity with all business functions including HR, Finance, Supply chain, IT, Regulatory and Compliance.
  • Communication skills – verbal, non-verbal and written.
  • Self-starter and very organized, with strong attention to detail.
  • Extremely versatile, dedicated to efficient productivity and able to work efficiently and effectively across multiple teams.
  • A thorough understanding of microfinance performance metrics/indicators and the ability to interpret and process operations data.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online

Head, Internal Control / Audit

Location: Yaba, Lagos
Company type/Sector: Digital bank/ Financial Services
Reports to: The Board of Directors
Department: Microfinance Bank
Employment: Type Full-Time

Role Summary

  • The Head of Internal Audit and Controls plays a critical role in delivering the organization’s strategic objectives by objectively assessing the adequacy and effectiveness of governance and management of risks, giving an evidence-based opinion on all aspects of governance, risk management and internal control.
  • The role is responsible for ensuring compliance with relevant laws and policies. The candidate must review and update all the business processes, evaluate the efficiency of the risk management processes; protect the organization against fraud and theft of its assets and make recommendations on how to improve processes and procedures. Evaluate internal control and make recommendations on how to improve
  • The ideal candidate for this role will have clearly demonstrated strong leadership skills, results orientation and be able to interpret the corporate vision into growth strategies and profitable operations.

Responsibilities

  • Lead, oversee and manage all areas of the Internal Control/Audit department’s day-to-day operations to ensure KPIs are achieved; and build comprehensive and SMART goals for performance and growth.
  • Review of operations to ensure compliance with policies and procedures as set by the Board as well as regulatory requirements.
  • Evaluate operations or programs to ascertain whether results are consistent with established objectives and goals and whether the operations and programs are being carried out as planned.
  • Perform consulting and advisory services related to governance, risk management and control as appropriate for the organization.
  • Investigate deviations and irregularities.
  • Report periodically to the Managing Director and Board, on the internal control and audit activity’s purpose, authority, responsibility and performance relative to its plan
  • Design and prepare Audit Plan by applying a risk-based approach to ensure the organization complies with internal regulations and policies and established protocols.
  • Develop and maintain the internal control and audit procedures to ensure that best practice is taken account of and that the established controls audits address specific areas of risk management.
  • Undertake the approved internal audit plan in line with agreed procedures.
  • Assess the suitability of current internal controls, making suggestions for improvements where needed.
  • Prepare reports of audit findings and make recommendations to the business.
  • Liaise with internal advisors and examines documentation, including reports, statements, records, and memos to gather information.
  • Completes standard paperwork and questionnaires to confirm internal controls.
  • Analyses audit results for adequate and effective “corrective actions” for management to improve.
  • Evaluate financial documents for accuracy and compliance with federal regulations.
  • Coordinate with functional teams for necessary training to the staff for the purpose of improving control adherence.
  • Establish and develop relations with senior management and external partners and stakeholders.
  • Any other duties and responsibilities which may be required to meet the objectives of MMFB.

Qualifications, Skills & Competencies

  • A Degree in any other related field
  • Relevant professional qualifications, e.g. ACA, ACCA, CISA, CIA.
  • Minimum of 5 years senior management experience within the financial services industry, including Proven extensive and relevant operations management experience.
  • Will be required to obtain a Certificate in Microfinance Banking issued by the Chartered Institute of Bankers of Nigeria (CIBN).
  • Critical understanding in the establishment and operation of internal control mechanisms.
  • Excellent problem-solving skills; analytical and structured in his/her thinking.
  • Knowledge of data analytics, reporting and financial planning.
  • Communication skills – verbal, non-verbal and written.
  • Self-starter and very organized, with strong attention to detail.
  • Extremely versatile, dedicated to efficient productivity and able to work efficiently and effectively across multiple teams.
  • Must be up to date on industry rules, policies and guidelines and ensure compliance.
  • A thorough understanding of microfinance performance metrics/indicators and the ability to interpret and process operations data.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online

Chief Executive Officer (CEO)

Location: Yaba, Lagos
Company type/Sector: Digital bank/ Financial Services
Reports to: Board of Directors
Department: Microfinance Bank
Employment: Type Full-Time

Role Summary

  • The CEO is responsible for giving strategic guidance and direction for the microfinance bank.
  • The CEO will lead the senior executive team and be directly accountable for the general management and oversight of the bank to deliver targeted profitability, business and market share growth, and product penetration.
  • The ideal candidate for this role will have clearly demonstrated strong leadership skills, results orientation and be able to interpret the corporate vision into growth strategies and profitable operations.

Responsibilities

  • Build the organizational structures and business teams to maximize productivity and performance.
  • Oversee and manage the senior leadership team of the microfinance bank.
  • Coordinate the development of key performance goals for functions and direct reports.
  • Responsible for leading the identification of target market segments and developing strategies for growth.
  • Directly supervise the Department Heads, and indirectly, senior management responsible for major strategic business units (SBU) through the Department Heads.
  • Responsible for ensuring business compliance with the company’s policies, procedures and corporate governance expectations.
  • Facilitate and present periodic business performance reviews reports to the Board.
  • Prepare strategic roadmaps, budgets and annual business plans.
  • Manage and maintain relationships with the CBN, other regulatory agencies and strategic stakeholders.
  • Initiate and support the development of a healthy internal culture that retains key employees and encourages their professional development.
  • Evaluate and decide upon key investments in equipment, infrastructure, and talent.
  • Ensure business compliance with company’s policies, procedures and corporate governance expectations.
  • Any other duties and responsibilities which may be required from time to meet the objectives of MMFB.

Qualifications, Skills & Competencies

  • A Degree in Business Administration, Finance, the Sciences, or any other related field.
  • Minimum of 10 years senior management experience within the financial services industry.
  • Prior microfinance experience is desirable, particularly within a microfinance bank from an international network.
  • Must have undergone the Microfinance Certification Programme and obtained a Certificate in Microfinance Banking issued by the Chartered Institute of Bankers of Nigeria (CIBN).
  • Excellent problem-solving skills; analytical and structured in his/her thinking.
  • Strong leadership and relationship-building skills.
  • Communication skills – verbal, non-verbal and written.
  • Self-starter and very organized, with strong attention to detail.
  • Good product development and portfolio management capabilities.

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online

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