Job Description
Job Summary
- The Managing Director (MD) of Corporate Banking and Retail Banking is a senior executive role responsible for overseeing the strategic direction, operational performance, and profitability of the Corporate Banking and Retail Banking divisions.
- The MD will lead a team of senior executives and managers, ensuring the delivery of high-quality financial services, customer satisfaction, and regulatory compliance.
Key Responsibilities
Strategic Leadership:
- Develop and implement the strategic vision and direction for the Corporate Banking and Retail Banking divisions.
- Align the business strategy with the overall goals of the organization.
- Identify and evaluate market opportunities, competitive threats, and emerging trends to drive business growth.
Operational Management:
- Oversee the daily operations of Corporate Banking and Retail Banking, ensuring efficiency and effectiveness.
- Implement best practices, process improvements, and technology solutions to enhance service delivery.
- Monitor key performance indicators (KPIs) to track progress and achieve business objectives.
Financial Performance:
- Develop and manage the annual budget for Corporate Banking and Retail Banking.
- Ensure the divisions meet or exceed financial targets, including revenue, profitability, and cost control.
- Conduct financial analysis and reporting to provide insights and recommendations for improvement.
Client Relationship Management:
- Foster strong relationships with key clients, including corporations, SMEs, and individual customers.
- Ensure high levels of customer satisfaction and retention by delivering exceptional service and tailored financial solutions.
- Address and resolve customer issues and concerns promptly.
Regulatory Compliance:
- Ensure adherence to all relevant regulations, laws, and industry standards.
- Implement and maintain robust risk management and compliance frameworks.
- Liaise with regulatory bodies and ensure timely reporting and audits.
Team Leadership and Development:
- Lead, mentor, and develop a high-performing team of senior executives, managers, and staff.
- Promote a culture of collaboration, innovation, and continuous improvement.
- Identify and nurture talent, ensuring succession planning and career development opportunities.
Stakeholder Engagement:
- Represent the Corporate Banking and Retail Banking divisions at internal and external meetings, conferences, and events.
- Communicate effectively with the Board of Directors, executive leadership, and other key stakeholders.
- Build and maintain strong relationships with industry partners, associations, and other financial institutions.
Qualifications
- Bachelor's Degree in Finance, Business Administration, or a related field; MBA or advanced degree preferred.
- ICAN,CCIBN, MCP is a must
- Minimum of 10 years of experience in banking or financial services, with at least 10 years in a senior leadership role.
- Proven track record of success in managing Corporate Banking and Retail Banking operations.
- Strong financial acumen and experience in budgeting, financial analysis, and reporting.
- Excellent leadership, communication, and interpersonal skills.
- Deep understanding of regulatory requirements and risk management principles.
- Strategic thinker with the ability to drive innovation and change.
Skills and Competencies:
- Leadership and people management
- Strategic planning and execution
- Financial analysis and budgeting
- Customer relationship management
- Risk management and regulatory compliance
- Problem-solving and decision-making
- Communication and presentation
- Negotiation and influencing
- Change management
Working Conditions:
- Full-time position based in Iddo, Lagos
- Travel may be required to meet with clients, attend conferences, and visit branch locations.