PricewaterhouseCooper (PwC) - The Federal Government of Nigeria through
the Federal Ministry of Finance is setting up a Development Finance
Institution with an objective to increase the availability and access to
finance for Micro, Small and Medium Enterprises (MSME) through eligible
financial intermediaries.
CHIEF EXECUTIVE OFFICER (CEO)
ROLES & RESPONSIBILITIES
OVERALL FUNCTION OF THE POSITION:
The
Chief Executive Officer (CEO) is responsible for setting and driving
the Bank’s strategic business direction; ensuring compliance with
governance policies and management of business risks.
The Chief Executive Officer reports directly to the Board of Directors.
SPECIFIC DUTIES OF THE POSITION:
Provides
strategic direction and oversight to the management team to drive the
Bank’s business towards profitable and sustainable growth
Articulates
and oversees the translation of high level corporate strategies and
growth plans into business and operational strategies
Leads the
Bank-wide annual business planning and budgeting process and also
defines the compliance benchmark standards for the Bank
Liaises with
the relevant industry, government and/or regulatory bodies and ensures
that Bank’s interests are presented and protected
Creates an enabling
environment that empowers management and staff to develop the
capability to achieve set goals and objectives; proactively and
innovatively respond to opportunities and challenges in the business
environment
Monitors the Bank performance to ensure effective
implementation of the recommendations of the Board of Directors and
shareholders
Coordinates the succession planning for key roles within the Bank
Manages the delivery of the Bank’s budget and execution of projects
Oversees
the presentation of statutory reports and drives the implementation of
recommendation arising from statutory reviews (e.g. audit, tax, risk
etc.)
Shapes the definition of sustainability and social
responsibility within the Bank and leads the adoption of the appropriate
culture to entrench sustainable and socially responsible practices.
Abides
by specific internally established control systems and authorities,
role models ethical behavior and encourage all employees to conduct
their activities in accordance with all applicable laws and the Bank’s
standards and policies, including its environmental, safety and health
policies.
REQUIREMENTS
Minimum of Bachelor's in any discipline and a Master’s Degree in any business related discipline
Minimum of 20 years post-graduation experience,
15
years must have been in the financial services industry, with 10 years
in senior management position out of which at least 2 years’ experience
as a Deputy Managing Director, Executive Director or its equivalence.
Relevant professional qualifications preferably in a business related discipline
Proven track record in MSME and developmental projects
INDEPENDENT DIRECTOR
ROLES & RESPONSIBILITIES
Overall Function of the Position:
The Independent Director is a non-Executive Director who is a key Board Member of the Bank.
The
Independent Director will offer independent judgement as well as
necessary scrutiny to the proposals and actions of the management and
executive directors especially on issues of strategy, risk management,
performance evaluation and key appointments.
SPECIFIC DUTIES OF THE POSITION:
Provides advice, judgement and feedback to other members of the Board on business planning and the Institution’s strategy
Supports,
in collaboration with other board members establishment of clear
objectives for delivering and achieving strategic and business plans and
participates in setting challenging objectives for improving
organisational performance
Provides an external perspective to constructively challenge and analyse the development of the Institution’s strategy
Ensures that financial information is accurate and that financial controls and risk management systems are robust and defensible
Adopts an oversight role, ensuring that the corporate assets are used only for the Institution.
Participates in:
Providing entrepreneurial leadership to the institution and sets strategic goals and objectives
Ensuring that the necessary financial and human capital are in place for the institution to meet its objectives
Establishing a framework of prudent and effective controls which enables risk to be assessed and managed
Reviewing the performance of Board members and Senior Executives
Setting the institution’s values and standards, and ensures that obligations to stakeholders and others are understood and met
Succession planning and the appointment, training, remuneration and replacement of board members and senior management
Overseeing the maintenance of the Institution’s communication and information dissemination policy
Ensuring that the Board operates in line with accepted good corporate governance culture
Works with other Directors to ensure that objective decisions are taken in the interest of the institution
Acts as a check and balance on the acts of the Board and management of the Institution
Examines anything which has the appearance of being amiss in the Institution.
REQUIREMENTS
Education and Experience Required:
Minimum of a Master's Degree in any business related discipline
Relevant professional qualifications preferably in a business related discipline
Minimum of 20 years post-graduation experience, with at least 10 years in Senior or Executive Management position.
Highly
credible with experience of operating at senior level within an
organisation with significant budgets/complexity gained in the private
or public sector
Knowledge of the relevant laws and regulations guiding the industry
Must not be a politically exposed person
CHIEF RISK OFFICER (CRO)
ROLES & RESPONSIBILITIES
Overall Function of the Position:
The
Chief Risk Officer (CRO) plays a critical role in proactively
identifying and understanding the potential threats, opportunities,
actions or events that will affect the Bank’s ability to achieve its
objectives, and in developing appropriate management policies.
SPECIFIC DUTIES OF THE POSITION:
Ensures
that the Governance, Risk, Compliance and Control Frameworks of the
bank are maintained and updated as approved by the Board of directors
and in operations.
Compiles, assesses and reports risk information to the CEO and the Board
Ensures that the Bank’s activities comply with relevant legislation and regulation.
Develops,
manages and refines qualitative and quantitative risk reporting which
meets the needs of the Board, in order to support effective decision
making.
Formulates and articulates a coherent risk appetite and
infrastructure, including operating and financial models and hiring
plans.
Develops, oversees and maintains an early risk alert reporting system
Establishes
and maintains corporate governance systems and committee structures by
reviewing and confirming investment processes.
Understands and monitors key elements of the Bank's risk profile and develops proactive mitigating and coping strategies.
Embeds
a positive culture of confidence and informed risk taking through
training, communication and promotion of the agreed risk framework.
Partners
effectively with third parties, regulatory bodies and others, as
appropriate and serves as a role model for high personal and corporate
ethical values and standards of integrity.
Develops and maintains
regular liaison with Risk-Rating agencies and external auditors to
ensure compliance with statutory requirements
Provides essential
input as a member of senior management and the executive committee and
credibly challenges the management of current issues and the development
and implementation of strategy.
Reviews, reports and advices the CEO on identified and incident of risks affecting the Bank.
Monitors
to ensure statutory compliance with relevant company policies,
procedures and regulatory provisions, conducting risk assessments,
monitoring performance and reviewing procedures.
Develops and maintains compliance with all the Bank’s policies.
Manages the Bank’s risk profile in line with the intent of the Board
Monitors and advises the Board of Directors on corporate governance trends
REQUIREMENTS
Education and Experience Required:
Minimum of a Bachelor's Degree in any discipline and a Master's Degree in any Business related discipline
Minimum
of 18 years post-graduation experience in Risk Management /Internal
Audit out of which at least 13 years must have been in the financial
services industry, 8 of which must have been in a Senior Management
position
Relevant professional qualifications such as, Certified Internal Auditor (CIA), Enterprise Risk Management, Risk Managers.
Proven track record in MSME and developmental projects
CHIEF OPERATING OFFICER (COO)
ROLES & RESPONSIBILITIES
Overall Function of the Position:
The
Chief Operating Officer (COO) directs and coordinates the internal
operational activities of the organization in accordance with policies,
goals, and objectives established by the Chief Executive Officer and the
Board of Directors.
The Chief Operating Officer reports to the Chief Executive Officer (CEO).
SPECIFIC DUTIES OF THE POSITION:
Directs
internal operations to achieve budgeted results and other financial
criteria, and to preserve the capital funds invested in the Bank.
Participates
in the development and preparation of short-term and long-range plans
and budgets (based upon broad organization goals and objectives) and
recommends their adoption to the Chief Executive Officer.
Directs the
development and installation of procedures and controls, to promote
communication and adequate information flow, and thereby solidify
management control and direction of the enterprise.
Develops and
establishes operating policies in line with the CEO’s and Board’s
guidance and ensures their adequate execution. Appraises and evaluates
the results of overall operations regularly and systematically, and
reports these results to the CEO
Insures that all activities and
operations are performed in compliance with local, state, and federal
regulations and laws governing business operations.
Develops and
maintains a sound plan of organization. Establishes policies to insure
adequate management development and to provide for capable management
succession for those functions/business units falling under his/her
responsibility.
Ensures that all team members are looking for ways to systematize the business to increase efficiency
Manages master project list and assigns special projects as needed
REQUIREMENTS
Education and Experience Required:
Minimum of Bachelor's in any discipline and a Master's Degree in any Business related discipline
Minimum
of 18 years post-graduation experience out of which at least 13 years
must have been in the financial services industry and at least 8 years
must have been spent at an Executive or Senior management level
Relevant professional qualifications preferably in a business related discipline.
Proven track record in MSME and developmental projects
CHIEF FINANCIAL OFFICER (CFO)
ROLES & RESPONSIBILITIES
Overall Function of the Position:
The
Chief Financial Officer (CFO) is responsible for the development of a
financial strategy and providing leadership on the financial management
of the Bank.
The CFO is the financial spokesperson for the Bank.
The
CFO reports directly to the Chief Executive Officer (CEO) and assists
the CEO on all strategic and tactical matters as they relate to budget
management, capital market analysis , cost benefit analysis, forecasting
needs and securing of new funding.
SPECIFIC DUTIES OF THE POSITION:
Provides leadership in formulating, implementing and monitoring of the Bank's strategic business plans.
Manages the treasury and accounting functions of the Bank and oversees the financial operations of subsidiary companies.
Oversees the utilization of funds of the Bank towards instilling confidence and attracting more investors
Maintains
in-depth relations with all members of the management team as well as
any third parties to which functions have been outsourced while ensuring
the implementation of financial best practices.
Supervises and
negotiate acquisitions; oversees the issuance of financial information
and reports financial results to the Board of Directors and
Shareholders.
Provide financial advice on the Bank’s short, medium
and long term cash/ funding situation and terms of subsidiary loan
agreements to the management team and the Board.
Prepare periodic statutory and management information reports.
Implement
continuous financial monitoring and control systems to monitor the
performance of the Bank’s flow of funds, adherence to the budget, the
expenditures, the income, the cost of operations and other budgetary
items
Manage the performance of all staff in the Finance and Accounting function
Develop
and coordinate the implementation of the Bank’s performance targets and
service standards through a Service Level Agreement.
Monitors cash
balances and cash forecasts, arranges for debt and equity financing,
invests funds and maintains the Bank’s loan portfolio.
Oversees the
management and coordination of all fiscal reporting activities for the
Bank including: organizational revenue/expense and balance sheet
reports, reports to funding agencies, development and monitoring of
contract/grant budgets.
Oversees all purchasing and payroll activity for staff and business insurance plans.
Directs
the maintenance of the inventory of all fixed assets, including assets
purchased with government funds (computers, etc.) assuring all are in
accordance with federal regulations and ensures adequate cash flow to
meet the bank's needs.
Ensures that effective internal controls are
in place and ensure compliance with IFRS, GAAP and other applicable
federal, state and local regulatory laws and rules for financial and tax
reporting.
Oversees the preparation of the annual budget for each
department and monitor the implementation of the budget to minimize
overruns.
Coordinates, collates and prepares reports
REQUIREMENTS
Education and Experience Required:
Minimum of a Bachelor’s Degree in any discipline and a Master’s Degree in any Business related discipline
Minimum
of 18 years post-graduation experience out of which at least 13 years
must have been in the financial services industry, 8 of which must have
been in a Management position interfacing with the Executive team and
Financial partners,
Relevant professional qualifications such as,
Chartered Financial Analyst (CFA) , Institute of Chartered Accountants
of Nigeria (ICAN), Association of Certified and Chartered Accountants
(ACCA) or its equivalent
Experience of statutory financial reporting and knowledge of GAAP, IFRS
Proven track record in MSME and developmental projects
GENERAL LEGAL COUNSEL / COMPANY SECRETARY (GLC/CS)
ROLES & RESPONSIBILITIES
Overall Function of the Position:
The
General Legal Counsel / Company Secretary (GLC/CS) is responsible for
ensuring the formulation, implementation and provision of legal
strategies, legal advice and secretarial services to the Bank, its Board
and Committees in compliance with applicable rules and Banking
regulations, in order to ensure minimal interruptions to the Bank’s
operations.
SPECIFIC DUTIES OF THE POSITION
Assists the Board and Management in developing and implementing good corporate governance practices and culture.
Prepares and drives implementation of approved legal/company secretarial budgets and reports on variances
Provides
legal advice on all transactions with third parties including all legal
documents and external publications to avoid or minimize exposure to
potential litigation
Serves as an internal Legal Consultant to other
business units in the Bank by providing advice on contracts, laws, legal
implications and dispute resolution.
Oversees the drafting, vetting
and reviewing of all legal documents and agreements relating to the
Bank’s operations (e.g. supplier contracts, insurance contracts,
employee contracts, service level agreements, subsidiary loan
agreements) and ensures company standards are properly complied with
before signing new deals/executing the agreements
Liaises with
external regulators and advisers, such as CBN, Lawyers, Auditors,
Corporate Affairs Commission on behalf of the Bank
Prepares legal
guidelines for use of the Bank to mitigate against possible litigation,
arbitration, labour dispute and other situations capable of disrupting
the Bank’s operations
Advises management in all contractual negotiations and arrangements
Monitors
changes in Banking legislations and other regulatory environment and
advises management on current legislation, regulatory issues, or legal
risks that might impact the Bank strategies and operations
Liaises with the Bank’s external solicitors to defend the Bank in all litigation involving the Bank.
Arrange
meetings of the Directors and the Shareholders. Issue proper notices of
meetings, prepares agenda, circulates relevant papers and ensures that
notices of such meetings and all relevant papers are dispatched to
Directors in sufficient time to ensure their meaningful contribution.
Takes and produces minutes to record the business transacted at Directors and Shareholders meetings and the decisions taken.
Maintains
and updates all statutory records, i.e. register of
shareholders/directors, minutes of board meetings, share ownership
structure and changes in any of these, in accordance with the relevant
regulations/acts
Articulates and develops the department’s strategy,
and ensure alignment with the Bank’s strategic objectives and provide
support in its execution
Approve and coordinate the execution of the departments work program and plans
Ensures that collateral security is taken for the Bank’s loan facilities and are adequately perfected
Works with the relevant department on the fulfilment of pre-disbursement conditions and legal documentations prior to drawdown
Maintains custody of all original contract documents as well as security documents
Prepares and submits period activity and performance reports to the MD/CEO
REQUIREMENTS
Minimum of a Bachelor's Degree in Law and a Master's Degree in a relevant discipline.
Minimum
of 15 years post-graduation experience in Law, Company Secretary and
General Counsel out of which at least 12 years must have been in the
financial services industry, 7 of which must have been in a Senior
Management position
Relevant professional qualifications in Management, Legal and/or Secretarial discipline
Proven track record in MSME and developmental projects.
CLICK HERE TO APPLY
DUE DATE: 20 July, 2016
Jobs at PricewaterhouseCooper (PwC)
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