Job Summary
The Financial Controller will deliver strategic financial guidance while managing the full spectrum of financial, regulatory, risk management, and compliance operations for the microfinance bank.
The Financial Controller will oversee adherence to CBN regulatory standards, spearhead digital banking financial operations, and administer enterprise-wide risk management. Additionally, they will refine capital structure optimization and produce precise financial reports to facilitate strategic decision-making and foster sustainable organizational expansion.
Oversee and manage the day-to-day operations to ensure seamless workflow and optimal efficiency, while aligning activities with organizational objectives. Develop and implement strategies to enhance productivity and drive project success, ensuring adherence to deadlines and budget constraints. Collaborate with cross-functional teams to foster innovation, resolve challenges, and maintain high performance standards. Monitor progress through regular assessments, providing actionable feedback and coaching to support team development and accountability. Ensure compliance with company policies, industry regulations, and best practices to uphold operational integrity and risk management.
Driving Strategic Financial Excellence and Leadership: Spearheading forward-thinking financial strategies and cultivating visionary leadership to steer organizational growth and profitability.
Collaborate closely with the CEO and Board to develop and implement the bank’s financial strategy and digital transformation initiatives.
Devise and execute tailored financial strategies, comprehensive business plans, and robust financial models that are fully aligned with the evolving dynamics of the microfinance sector.
Lead strategic capital planning initiatives, manage comprehensive budgeting processes, and conduct detailed financial forecasting.
Lead strategic financial planning initiatives and provide leadership to drive organizational growth and profitability.
Collaborate closely with the CEO and Board to develop and implement the bank’s financial strategy alongside digital transformation initiatives.
Devising and executing tailored financial strategies, comprehensive business plans, and robust financial models, all meticulously aligned with the evolving landscape of the microfinance sector, will be central to this role.
Oversee the development and implementation of capital planning initiatives, budgeting procedures, and financial forecasting strategies to ensure alignment with organizational objectives and financial sustainability.
Spearhead advancements in digital financial solutions while ensuring disciplined fiscal oversight and sustainable growth strategies.
Regulatory compliance and reporting obligations to the Central Bank of Nigeria (CBN) entail ensuring adherence to applicable financial regulations, guidelines, and statutory requirements. This role involves monitoring changes in regulatory frameworks, implementing necessary adjustments to policies and procedures, and submitting accurate reports to the CBN within stipulated deadlines. Additionally, the position requires conducting periodic audits, maintaining comprehensive documentation, and collaborating with internal stakeholders to mitigate compliance risks and foster a culture of regulatory diligence across the organization.
Ensure strict adherence to all regulatory directives, circulars, and prudential standards issued by the Central Bank of Nigeria (CBN) specifically for microfinance banks.
Ensure all regulatory returns—including monthly, quarterly, and annual prudential filings, as well as submissions to BIOSCOPE, FDIC, FCC, and FRC—are submitted promptly and accurately.
Maintain ongoing communication and collaboration with CBN examiners, FDIC, and other relevant regulatory authorities.
Prepare thoroughly for CBN examinations and regulatory audits.
Oversee and integrate regulatory changes that impact microfinance activities to ensure full compliance and operational alignment with current standards.
Oversee financial operations and management to ensure fiscal efficiency and strategic alignment. Implement robust financial controls, maintain accurate records, and produce detailed financial reports to support data-driven decision-making. Collaborate with cross-functional teams to optimize resource allocation, manage budgets, and identify cost-saving opportunities. Ensure compliance with regulatory standards and internal policies while providing actionable insights to senior leadership.
The role involves overseeing accounting operations, treasury management, financial planning and analysis, tax compliance, and the preparation of financial statements.
Responsible for supervising the development of financial statements that comply with International Financial Reporting Standards (IFRS) and undergo independent audits.
Oversee the liquidity position while ensuring adherence to the Central Bank of Nigeria’s liquidity ratios and capital adequacy standards.
Monitor portfolio quality, provisioning accuracy, and non-performing loan (NPL) management to ensure financial stability and mitigate risk exposure.
Enhance the cost-to-income ratio while improving operational efficiency to drive sustainable financial performance and streamline business processes.
Manage funds transfer pricing and profitability analysis for various products and channels to ensure accurate financial assessments and strategic insights.
Financial Risk Management involves the identification, analysis, and mitigation of potential risks that could impact an organization’s financial stability. Professionals in this field assess market fluctuations, credit exposures, liquidity constraints, and operational uncertainties to develop strategies that safeguard assets and ensure compliance with regulatory standards. They employ quantitative models, stress testing, and scenario analysis to evaluate risk exposures and make data-driven recommendations. Strong analytical skills, proficiency in risk management software, and a deep understanding of financial instruments are essential. Additionally, effective communication is required to report findings to stakeholders and collaborate with cross-functional teams to implement risk mitigation measures.
Design and execute robust financial risk management frameworks to systematically identify, assess, and mitigate potential risks while ensuring alignment with organizational objectives and regulatory standards.
Assess financial risks, including credit, market, and liquidity exposures, to ensure stability and compliance with organizational objectives.
Attend and actively contribute to Management Committee meetings as well as Asset and Liability Committee (ALSO) sessions.
Establish and maintain stringent financial controls as well as comprehensive fraud prevention measures to safeguard organizational integrity.
Ensure adherence to established exposure limits and proactively assess concentration risks to maintain a safe and compliant work environment.
Digital Banking Financial Oversight encompasses the comprehensive monitoring and management of financial activities within digital banking platforms. This role involves ensuring compliance with regulatory standards, maintaining financial integrity, and identifying potential risks to safeguard assets. Responsibilities include analyzing transaction patterns, auditing digital banking operations, and implementing measures to mitigate fraudulent activities. Additionally, the position requires collaboration with cross-functional teams to enhance financial controls and optimize reporting processes. Strong analytical skills, attention to detail, and expertise in banking regulations are essential for success in this role.
Work alongside technology leadership to evaluate and determine digital infrastructure investments, including thorough ROI analysis.
Manage financial controls integrated within digital platforms and payment systems to ensure compliance and operational integrity.
Oversee the evaluation of costs associated with transaction processing and the economics of digital channels to ensure financial efficiency and strategic alignment.
Develop and implement automated solutions to streamline financial processes and reporting systems, enhancing efficiency and accuracy in financial operations.
Conduct a thorough assessment of fintech collaborations, analyzing their financial sustainability and evaluating the associated cost-benefit ratios.
Treasury & Funding Management involves strategic oversight of an organization’s liquidity, financial risk, and capital structure to ensure stability and growth. This role is responsible for managing cash flows, optimizing funding sources, and overseeing debt and investment portfolios to align with financial objectives. Key duties include forecasting financial needs, securing cost-effective financing, and implementing risk mitigation strategies to safeguard assets. Proficiency in financial modeling, regulatory compliance, and stakeholder communication is essential, along with strong analytical skills to assess market trends and mitigate potential risks effectively.
Develop and oversee funding strategies, focusing on attracting deposits, securing borrowings, and executing capital raises.
Responsibilities include supervising treasury functions and strategically allocating surplus funds into instruments sanctioned by the Central Bank of Nigeria (CBN).
Cultivate and sustain partnerships with Development Finance Institutions (Dais), impact investors, and funding collaborators to foster mutually beneficial collaborations.
Ensure strict adherence to the Central Bank of Nigeria’s single obligor and exposure limits at all times.
Oversee compliance with statutory reserve obligations as mandated by the Central Bank of Nigeria.
Governance & Board Relations: You will cultivate and maintain strong relationships with the Board of Directors, ensuring effective communication and alignment with organizational objectives. This role involves orchestrating governance processes, facilitating board meetings, and providing strategic support to board committees. Additionally, you will oversee compliance with governance best practices, manage board-related documentation, and serve as a liaison between the Board and executive leadership to drive informed decision-making.
Prepare and deliver comprehensive financial reports, accompanied by strategic recommendations, to the Board of Directors.
Dedicate your expertise to the Audit, Risk Management, and Finance & Investment Committees through active participation and leadership in their strategic oversight functions.
Coordinate internal and external audit processes, overseeing their execution and verifying adherence to established standards and regulations. Drive the prompt resolution of audit findings by collaborating with relevant stakeholders to implement corrective actions and mitigate risks effectively.
Champion the implementation of leading corporate governance standards and frameworks within the finance department to ensure compliance, transparency, and operational excellence.
Cultivate and sustain strong, collaborative partnerships with external auditing teams to ensure seamless auditing processes.
Tax Planning & Compliance: Prepare and file accurate tax returns, ensuring adherence to federal, state, and local regulations while optimizing tax strategies to minimize liabilities. Stay updated on evolving tax laws, identify potential deductions and credits, and provide guidance to clients or stakeholders on tax-efficient business decisions. Collaborate with cross-functional teams to gather necessary financial data, review records for compliance, and resolve any discrepancies or inquiries from tax authorities. Maintain meticulous documentation and ensure timely submissions to avoid penalties or audits.
Formulate tax-efficient strategies that fully comply with Nigerian tax regulations and legislation.
Ensure the accurate and punctual filing and payment of all applicable taxes, including Corporate Income Tax (CIT), Value-Added Tax (VAT), Withholding Tax (WHT), and Pay-As-You-Earn (PAYE) obligations.
Develop and maintain productive partnerships with the Federal Inland Revenue Service (FIRS) and State Internal Revenue Services to ensure seamless collaboration and compliance with tax regulations.
Strive to enhance tax efficiency while maintaining strict adherence to all regulatory obligations.
Leading the Finance Team involves overseeing financial operations, ensuring accuracy in reporting, and driving strategic financial planning. Key responsibilities include managing budgets, analyzing financial performance, and providing insights to senior management. The role demands strong leadership skills, proficiency in financial software, and a deep understanding of regulatory compliance. Candidates must have extensive experience in finance, preferably in a managerial capacity, along with exceptional analytical and communication abilities to collaborate effectively with cross-functional teams.
Develop and lead a high-performing finance team, fostering growth and providing mentorship to drive exceptional results.
Spearhead the development of succession plans and enhance capacity-building initiatives across the finance function.
Promote a culture characterized by precision, adherence to regulations, and ongoing enhancement.
Design and deliver specialized training initiatives aimed at bolstering technical proficiency and analytical skills.
Effective stakeholder management is essential, requiring the ability to identify, engage, and maintain strong relationships with key individuals and groups to ensure alignment with project goals and organizational objectives. This role demands exceptional communication skills to convey complex ideas clearly and adapt messaging to diverse audiences, along with the capacity to anticipate and address concerns proactively. Collaborative problem-solving and negotiation abilities are critical to resolve conflicts and foster consensus among stakeholders. A deep understanding of stakeholder needs and priorities is necessary to influence decisions and secure necessary support for successful project outcomes.
Act as the bank’s primary liaison to investors, rating agencies, and the broader investment community.
Cultivate and sustain partnerships with commercial banks, development finance institutions (Dais), and external funding collaborators.
Engage actively in industry associations and microfinance forums to stay informed about emerging trends, best practices, and regulatory changes while fostering collaboration with peers and stakeholders in the sector.
Oversee investor relations and lead fundraising initiatives with meticulous attention to strategic alignment and stakeholder engagement.
The ideal candidate must meet the following criteria: a minimum of five years of experience in a related field, a bachelor’s degree in a relevant discipline, and strong proficiency in industry-standard software. Additionally, excellent communication skills, both written and verbal, are essential, along with the ability to collaborate effectively in a team-oriented environment. Problem-solving abilities and adaptability to evolving priorities are also required. Prior leadership experience is preferred but not mandatory.
Academic Credentials:
A doctoral degree in a relevant field, such as education, psychology, or a related discipline, is required. Candidates must possess a minimum of five years of postdoctoral experience in an academic or research setting. Proficiency in quantitative and qualitative research methodologies is essential, along with a strong publication record in peer-reviewed journals. Additionally, experience in securing external research funding is highly desirable.
A recognized university must award a Bachelor’s Degree in Accounting, Finance, Economics, Banking & Finance, or a closely related discipline.
A Master’s degree in Business Administration with a specialization in Finance, Accounting, or a related field is strongly preferred.
Qualified as a Chartered Accountant through either the Institute of Chartered Accountants of Nigeria (ICAN) with ACA/FCA status or the Association of Chartered Certified Accountants (ARCA) with ARCA/FCC credentials.
Accumulated experience in professional settings, contributing to organizational objectives through hands-on roles. Demonstrated proficiency in executing job-related tasks, collaborating with teams, and achieving measurable outcomes. Familiarity with industry-specific tools, techniques, and best practices acquired through prior employment.
With a minimum of twelve to fifteen years of progressively responsible financial management experience, you will bring a wealth of expertise to this role. Your extensive background in overseeing financial operations, strategic planning, and financial analysis will be instrumental in driving organizational success. Demonstrated leadership in financial decision-making, budget management, and stakeholder communication will be essential to effectively guide the team and contribute to long-term financial health.
With a minimum of five to seven years of senior financial leadership experience, candidates should have held roles such as Finance Controller, Chief Financial Officer, Finance Director, or Group Financial Controller—or comparable positions.
Individuals with a demonstrated track record in the Nigerian banking, microfinance, or broader financial services industry are encouraged to apply.
Proficiency in overseeing CBN regulatory compliance protocols and examination processes is required.
Proficiency in digital banking or fintech operations represents a distinct advantage.
Demonstrated experience in financial inclusion programs or developmental finance initiatives is highly desirable.
Highly Desirable:
The CFA Institute bestows the Chartered Financial Analyst designation, widely regarded as the premier credential in the investment management profession. Candidates must fulfill stringent eligibility criteria, including holding a bachelor’s degree (or equivalent) or four years of relevant professional experience, along with a strong command of ethical standards and professional conduct. The program itself consists of three rigorous levels of examinations, each demanding comprehensive preparation and a deep understanding of investment analysis, portfolio management, and financial reporting. Successful candidates must also demonstrate at least four years of qualified work experience in the investment decision-making process. This distinguished credential underscores expertise in financial analysis and signifies a commitment to excellence and ethical practice in the field.
Hold a recognized credential in risk management, such as the Financial Risk Manager (FRM) or the Certified Investment Performance Measurement (CPM) designation.
Holding a credential in Corporate Governance demonstrates expertise in organizational oversight, regulatory compliance, and ethical leadership. Candidates with this qualification are expected to exhibit a deep understanding of board structures, risk management frameworks, and stakeholder engagement strategies. The role may require the ability to advise on governance best practices, ensure adherence to legal and industry standards, and facilitate transparent decision-making processes. Familiarity with governance codes, reporting obligations, and corporate policies is essential for effectively mitigating risks and promoting accountability within the organization.
As a distinguished member of the Chartered Institute of Bankers of Nigeria (CBN), you will uphold the highest professional and ethical standards in the banking and financial services industry. Your affiliation with CBN signifies a commitment to continuous professional development, adherence to regulatory guidelines, and active participation in industry initiatives aimed at enhancing the financial ecosystem. This membership reflects your dedication to excellence, integrity, and lifelong learning in the dynamic field of banking.
Holds a recognized certification in Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT) compliance.
Demonstrates a strong proficiency in relevant technical, analytical, and interpersonal abilities, ensuring effective performance across key responsibilities. Exhibits exceptional organizational acumen, problem-solving expertise, and collaborative aptitude to support team objectives and drive operational success. Maintains up-to-date knowledge of industry standards, emerging trends, and best practices to enhance productivity and innovation. Possesses advanced communication skills for conveying complex information clearly and concisely to diverse stakeholders. Adapts swiftly to evolving priorities, technological advancements, and organizational changes while upholding high standards of professionalism and accountability.
Technical Proficiency: Proven expertise in a range of technical tools, systems, and methodologies relevant to the role, including proficiency in [specific software, programming languages, or platforms]. Strong analytical abilities to interpret complex data and derive actionable insights. Familiarity with industry standards, best practices, and emerging technologies to enhance operational efficiency and innovation. Capability to troubleshoot technical issues and implement solutions with minimal oversight.
Proficiency in International Financial Reporting Standards (IFRS) and Nigerian Generally Accepted Accounting Principles (GAAP) is essential.
Professionals in this role must demonstrate a thorough grasp of CBN prudential guidelines and regulatory frameworks applicable to microfinance banks.
Exceptional proficiency in financial modelling, analysis, and forecasting is required, along with the ability to deliver insightful and data-driven evaluations to inform strategic decision-making.
Experienced professionals must demonstrate a strong command of established risk management frameworks, including Basel, COST, and ISO 31000, ensuring alignment with industry standards and regulatory expectations.
Demonstrates deep expertise in essential banking infrastructure, including core banking systems and digital banking solutions.
Proven experience in treasury management and Asset-Liability Management (ALM) is essential.
A thorough grasp of Nigerian tax legislation and regulatory frameworks is essential.
Proficiency in internal control frameworks and audit methodologies is essential.
Accomplished in utilizing financial management software and enterprise resource planning (ERP) systems effectively.
Proficiency in microfinance operations and development finance principles is essential.
Soft Skills: Demonstrate strong interpersonal and communication abilities to collaborate effectively with diverse teams. Exhibit exceptional organizational skills to manage multiple priorities and meet deadlines in a fast-paced environment. Show adaptability and problem-solving skills to navigate changing circumstances and find creative solutions. Display leadership qualities to guide and motivate others toward shared objectives. Maintain a positive attitude and strong work ethic to foster a productive and inclusive workplace culture. Prioritize active listening and empathy to build strong professional relationships and ensure team cohesion.
Accomplished professionals must demonstrate a sharp ability to think strategically and apply sound business judgment.
Proven expertise in leading teams and managing personnel effectively is required.
Accomplished professionals thrive in stakeholder management and relationship-building roles, fostering collaboration and trust with key partners.
Proficient in both written and verbal communication, with a strong ability to articulate ideas clearly and effectively.
Required are individuals with exceptional emotional intelligence and a commanding executive presence. Candidates should possess the ability to remain composed under pressure, communicate with clarity and conviction, and inspire confidence in others. A polished and professional demeanor, coupled with strong interpersonal skills, is essential for fostering productive relationships and driving organizational success.
Demonstrates strong problem-solving abilities and analytical reasoning skills.
Professionals must exhibit exceptional judgment and adaptability when navigating high-pressure scenarios and uncertain conditions, ensuring sound choices are made despite incomplete or conflicting information.
Seasoned professionals in change management and digital transformation leadership are sought to guide organizations through complex transitions. Candidates must demonstrate expertise in driving strategic initiatives, overseeing digital adoption, and fostering organizational agility. Responsibilities include leading cross-functional teams, aligning stakeholders, and implementing innovative solutions to enhance operational efficiency. Ideal applicants will possess a proven track record of successful transformations, strong analytical skills, and the ability to communicate vision effectively.
Demonstrates unwavering integrity, upholds the highest ethical standards, and consistently exemplifies professional behavior in all duties and interactions.
Experienced professionals are sought to spearhead collaboration and provide leadership across diverse, cross-functional teams. The ideal candidate will excel in fostering teamwork and guiding interdisciplinary groups toward shared objectives.
Attention to detail and accuracy are essential qualities for this role. The position requires meticulousness in reviewing and verifying information to ensure flawless execution of tasks. Candidates must demonstrate a strong commitment to precision, as the role involves handling critical data and maintaining high standards of quality in all deliverables.
Demonstrates a forward-thinking and proactive approach to problem-solving, consistently seeking effective solutions to challenges as they arise.
Demonstrates strong aptitude for navigating high-pressure situations with composure and strategic problem-solving skills. Proficient in assessing risks, mitigating potential escalations, and implementing decisive actions to restore stability. Capable of leading cross-functional teams through turbulent events while maintaining clear communication and accountability. Prioritizes transparency with stakeholders and ensures adherence to protocols under extreme time constraints.
Proven ability to negotiate effectively and influence stakeholders at all levels is essential. Candidates should demonstrate strong interpersonal skills to sway decisions and build consensus while maintaining productive professional relationships.
Thrives in dynamic environments while maintaining composure under pressure. Demonstrates the capacity to pivot quickly in response to shifting priorities and evolving challenges. Maintains a solution-oriented mindset, turning obstacles into opportunities for growth. Exhibits steadfast perseverance in the face of setbacks, ensuring consistent performance and progress.
Qualifications
BA/BSc/HND
Experience Required
12 - 15 years
