Apply Now For Federal Ministry of Finance Recruitment in Nigeria – 2016

Apply Now For Federal Ministry of
Finance Recruitment in Nigeria – 2016.
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.
Applications are hereby invited for the
following job positions in the Finance
Institution:
Job Title: Chief Operating Officer (COO)
Location: Abuja
Reference Number: 130-PEO00646
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§
Job Title: Chief Risk Officer (CRO)
Location: Abuja
Reference Number: 130-PEO00648
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§
Job Title: General Legal Counsel /
Company Secretary (GLC/CS)
Location: Abuja
Reference Number: 130-PEO00650
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§
Job Title: Independent Director
Location: Abuja
Reference Number: 130-PEO00651
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:
oProviding entrepreneurial leadership
to the institution and sets strategic
goals and objectives
oEnsuring that the necessary financial
and human capital are in place for the
institution to meet its objectives
oEstablishing a framework of prudent
and effective controls which enables
risk to be assessed and managed
oReviewing the performance of Board
members and Senior Executives
oSetting the institution’s values and
standards, and ensures that
obligations to stakeholders and others
are understood and met
osuccession planning and the
appointment, training, remuneration
and replacement of board members
and senior management
ooverseeing the maintenance of the
Institution’s communication and
information dissemination policy
oensuring 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§
Job Title: Chief Executive Officer (CEO)
Location: Abuja
Reference Number: 130-PEO00645
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§
Job Title: Chief Financial Officer (CFO)
Location: Abuja
Reference Number: 130-PEO00647
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§
How to Apply
Interested and qualified candidates
should Click Here to Apply
Application Deadline: 20-Jul-2016