Position Overview

• The Chief Financial Officer (CFO) is a key member of the executive leadership team and is responsible for overseeing all financial operations, ensuring fiscal sustainability, regulatory compliance, and strategic financial planning.
• In a digital banking environment, the CFO plays a critical role in driving financial innovation, managing fintech-related risks, and supporting the organization’s growth objectives while maintaining sound financial governance.

Key Responsibilities
Strategic Financial Leadership:

• Develop and execute the bank’s overall financial strategy in alignment with business objectives.
• Provide strategic recommendations to the CEO and board of directors based on financial analysis and projections.
• Drive long-term financial planning, including scenario modeling and forecasting for a digital-first banking environment.
• Evaluate investment opportunities and manage capital allocation to optimize shareholder value.

Financial Operations Management:

• Oversee day-to-day financial operations, including accounting, budgeting, forecasting, and financial reporting.
• Ensure timely and accurate preparation of financial statements in compliance with International Financial Reporting Standards (IFRS).
• Implement robust financial controls and processes to safeguard the bank’s assets.
• Manage liquidity, cash flow, and working capital to support operational needs and growth.
• Regulatory and Compliance Oversight:
• Ensure compliance with all financial regulatory requirements, including those set by the Central Bank of Nigeria (CBN) and other relevant authorities.
• Serve as the primary liaison with regulators, auditors, and tax authorities on financial matters.
• Stay abreast of changes in banking regulations and ensure the bank adapts accordingly.

Risk Management and Fintech Innovation:

• Identify and mitigate financial risks, particularly those associated with digital banking operations, including cybersecurity and data protection.
• Collaborate with IT and product teams to assess the financial implications of new digital banking technologies and platforms.
• Develop strategies to optimize revenue streams from digital banking products and services.

Capital and Fundraising:

• Oversee capital planning and fundraising efforts, including equity and debt financing.
• Build and maintain relationships with investors, venture capitalists, and other financial stakeholders.
• Monitor and optimize the bank’s capital adequacy ratio in compliance with regulatory requirements.

Team Leadership and Development:

• Lead, mentor, and manage the finance team, fostering a culture of excellence and continuous improvement.
• Ensure proper succession planning and professional development for key finance roles.
• Promote collaboration across departments to align financial goals with broader business strategies.

Data-Driven Decision Making:

• Leverage financial analytics and business intelligence tools to drive informed decision-making.
• Analyze market trends and competitor performance to identify opportunities for growth.
• Provide regular reports and insights to the board of directors on the bank’s financial performance.

Key Performance Indicators (KPIs)

• Financial Accuracy: Timeliness and accuracy of financial reports and audits.
• Regulatory Compliance: Zero non-compliance issues in financial operations and reporting.
• Cost Efficiency: Achievement of cost-reduction targets while maintaining operational efficiency.
• Profitability: Growth in net profit margins and revenue streams.
• Capital Management: Maintenance of optimal capital adequacy and liquidity ratios.
• Risk Mitigation: Effectiveness of financial risk management strategies.
• Stakeholder Engagement: Positive feedback from investors, board members, and regulatory authorities.

Qualifications and Requirements

• Education: Bachelor’s Degree in Finance, Accounting, Economics, or a related field. A Master’s degree in Business Administration (MBA) or Finance is preferred.
• Certifications: Professional certifications such as ACA, ACCA, CFA, or CPA are mandatory.
• Experience: Minimum of 10 years of progressive financial leadership experience, with at least 5 years in a senior role within the financial services or fintech sector.
• Digital Banking Expertise: Strong understanding of digital banking products, services, and technologies.
• Regulatory Knowledge: In-depth knowledge of banking regulations and compliance requirements in Nigeria.
• Financial Acumen: Proven track record in strategic financial planning, capital management, and financial analysis.
• Leadership Skills: Demonstrated ability to lead and inspire high-performing teams.
• Technology Proficiency: Familiarity with financial software, business intelligence tools, and digital payment systems.
• Analytical Mindset: Exceptional problem-solving and decision-making skills, with the ability to interpret complex financial data.

Key Competencies:

• Strategic Vision
• Leadership and People Management
• Strong Negotiation and Stakeholder Management Skills
• Analytical Thinking and Data Interpretation
• Effective Communication and Presentation Skills
• Ethical Judgment and Integrity
• Adaptability to Fast-Paced, Tech-Driven Environments.