Managing Director of Microfinance Bank, Lagos

Interswitch is an Africa-focused integrated digital payments and commerce company that facilitates the electronic circulation of money as well as the exchange of value between individuals and organisations on a timely and consistent basis. We started operations in 2002 as a transaction switching and electronic payments processing, and have progressively evolved into an integrated payment services company, building and managing payment infrastructure as well as delivering innovative payment products and transactional services throughout the African continent. At Interswitch, we offer unique career opportunities for individuals capable of playing key roles and adding value in an innovative and fun environment.

We are recruiting to fill the position below:

Job Title: Managing Director, Microfinance Bank

Location: Lagos
Employment Type: Full-time

About the Job

• We are seeking a Managing Director who will provide overall strategic leadership for Interswitch Microfinance Bank, working with the Board of Directors and Group Executive Management to define, implement, and achieve the Interswitch Group vision, goals, and strategies.
• The role is accountable for driving sustainable growth, ensuring regulatory compliance, fostering a high-performance culture, and delivering long-term shareholder value.

Responsibilities
Corporate Strategy & Performance:

• Collaborate with the Board to define and implement long-term strategy, aligned to the company’s vision and Group objectives.
• Lead execution of strategy, ensuring alignment across business units, shared services, and the Group’s portfolio companies.
• Drive corporate performance against key parameters: profitability, revenue growth, deposits, loan portfolio quality, customer acquisition, and Portfolio at Risk (PAR).

Governance, Risk & Compliance:

• Establish and maintain robust governance structures, systems, and operational processes.
• Ensure full compliance with CBN and other regulatory requirements, meeting all “fit and proper” criteria.
• Lead enterprise-wide risk management practices, proactively assessing systemic risks and monitoring mitigation effectiveness.
• Provide regular, transparent reporting to the Board and regulators.
• Stakeholder & Regulatory Engagement
• Proactively build and sustain strong relationships with the Board, regulators, customers, partners, vendors, and the wider community.
• Serve as the Bank’s representative with regulators, industry bodies, and external stakeholders, ensuring trust, cooperation, and license to operate.

Digital & Innovation Strategy:

• Drive digital transformation and leverage technology to expand financial inclusion, improve operational efficiency, and enhance customer experience.
• Champion innovation initiatives that strengthen competitiveness and sustain growth.

Leadership & Culture: 

• Provide strategic oversight of daily operations through the executive team.
• Build and maintain a high-performance, ethical, and customer-centric culture.
• Ensure optimal talent resourcing, capability development, succession planning, and employee engagement.
• Lead, mentor, and inspire management staff to deliver on organizational objectives.

Requirements
General Education:

• Bachelor’s degree from an accredited university (minimum)
• Advanced degree in Finance, Economics, or Business (MBA/M.Sc. preferred).

Experience
General Experience:

• Must meet CBN’s Fit and Proper requirements for MD/CEO of a Microfinance Bank.
• Minimum of 15 years of relevant financial services experience, including at least 5 years in Executive Management in Microfinance, Fintech, or Commercial Banking.
• Participation in recognized executive leadership programs (e.g., LBS, INSEAD, Harvard) is an added advantage.

Application Closing Date
Not Specified. 

How to Apply
Interested and qualified candidates should:
Click Apply Now button to apply