Development Bank of Nigeria Recruitment 2022/2023

Development Bank of Nigeria Recruitment 2022/2023 – Apply Here. Development Bank of Nigeria is now recruiting to fill various positions. Check below for requirements and how to apply.

The Development Bank of Nigeria (DBN) was conceived by the Federal Government of Nigeria (FGN) in collaboration with global development partners to address the major financing challenges facing Micro, Small, and Medium Scale Enterprises (MSMEs) in Nigeria.

Applications are invited to fill the position below:

Job Title: Business Development & Relationship Management Officer – MFBs & OFIs

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Location: Nigeria

Job Description

Supports the development and implementation of strategies to ensure onboarding of new Participating Financial Institutions (PFIs) – Micro-Finance Banks (MFBs) & Other Financial Institutions (OFIs). Maintains excellent day-to-day relationships with existing PFIs (MFBs & OFIs) to achieve organizational goals.
The principal objective of the role is client relationship management, business development, client acquisition, industry analysis, risk monitoring, and mitigation. The role reports to the Business Development & Relationship Manager – MFBs & OFIs.

Roles/Responsibilities

Business Development & Relationship Management:

Initiates and develops relationships with Micro Finance Banks & Other Financial Institutions (MFBs & OFIs) for business growth.
Manages information flow between PFIs (MFBs & OFIs) and the Bank.
Monitors and reports on the performance of all MFBs & OFIs’ loan products, schemes, and investments managed by the Bank, against monthly/quarterly/annual plans.
Provides support in the development and implementation of efficient and effective customer service framework/guidelines
Contacts and follows up on qualified MFBs & OFIs for new opportunities.
Addresses customer issues/concerns in an accurate and timely manner.
Works closely with MFBs & OFIs to understand their business needs and explore opportunities for growth.
Provides business advice and consultancy to PFIs (MFBs & OFIs) in an effective manner.
Maintains strong knowledge of the Bank’s products, pricing, policies, etc, so as to educate clients on benefits.
Identifies present and future business development opportunities with new and existing PFIs.
Maintains strong relationships with existing PFIs (MFBs & OFIs) for business retention.
Maintains security and confidentiality of client information.
Supports the achievement of business development targets for a segment of the market.
Stays abreast of recent industry trends, identifies market opportunities, and develops customer-relevant propositions that drive key measures such as market share, revenue, profit, and brand health.
Develops and maintains detailed business plans for client projects.
Works with the Business Development & Relationship Manager in developing timely solutions for client requirements.
Conducts business reviews with clients on a periodic basis.

Qualifications and Requirements

A Bachelor’s Degree in Economics, Business Administration, Banking and Finance, Accounting, Finance, and Administration, or any related field.
A Post Graduate Degree in business or development finance-related field or management is an added advantage.
A minimum of 3 years of working experience in a financial institution /development agency is required.

Professional Qualifications:

Membership in a professional business-related institute such as ICAN, CIMA, CPA, CIBN, etc. is an added advantage.

Competencies:
Knowledge:

Good working knowledge of financial procedures and applications
Understanding of banking practice and related policy issues, their implications, and applications
Knowledge of credit administration, operations, and management
Knowledge of risk management.

Technical Competencies:

Meeting Facilitation skills
Good understanding of budget and cost management
Excellent analytical skills
Excellent credit analysis and appraisal skills
Demonstrated competence in loans administration/account management
Excellent communication skills (Oral & Written).
Application of P/C productivity tools such as Microsoft Word, Excel, PowerPoint, etc.
Excellent organizational and coordination skills
Proficiency in the formulation and implementation of credit policies and regulations
Proficiency in credit administration/supervision

Behavioral Competencies:

Teamwork & collaboration
Motivation
Creativity/Innovation
Responsiveness
Excellent administrative ability.
Results Orientation
Interpersonal relationship ability
Action planning

Job Title: Financial Analyst

Location: Nigeria

Job Description

The Financial Analyst provides a high-quality analysis of the Bank’s financial activities to ensure the availability of critical information for decision-making within the Bank.
He/She carries out the financial processing of transactions and generates journals, trial balances, financial statements, and other reports.
The role reports to the Head, Finance & Accounts.

Job Roles/Responsibilities

I. Financial Policies and Control:

Coordinates finance policies and processes, updates and ensure the withdrawal of outdated policies and processes
Collates feedback and evaluates information on financial control lapses from various sources
Liaises with the relevant teams to organize workshops and other communication aimed at promoting Financial Control awareness.

II. Financial Transaction Processing:

Processes all financial transactions of the Bank in line with the Financial Management Manual
Prepares accurate and timely journal entries in support of all financial transactions
Prepares daily activity records and Bank’s financial position
Post duly approved entries in Bank’s core banking application and generate the trial balance.

III. Financial Data Analysis:

Calculates and analyses trends in line with the Bank’s strategic objectives
Prepares and evaluates financial projections – income statements, balance sheet, cash flow, and key ratios
Prepares yield and cost reports of assets and liabilities
Conducts financial and economic analyses of customers, projects, and initiatives to assess profitability and performance
Collects and analyzes all financial data and appropriate performance indicators to ensure optimal balance sheet management
Analyses prudential and regulatory ratios and reports on compliance with set thresholds.

IV. Financial Reporting:

Prepares monthly and quarterly financial statements and analysis
Generates financial ratios between current and prior year values in the Balance Sheet, Income, and Cash Flow Statements
Assists with the provision of financial recommendations and advice to the management
Provides financial expertise to teams in charge of activities at the various stages of the project cycle, namely identification, preparation, appraisal, implementation, and completion
Reviews financial records and audit reports of on-lending accounts in order to advise on the allocation and monitoring of on-lending funds.
Conducts reviews of historic performance and prepares reports on financial trends and financial statement analysis
Reviews and reports on the alignment of proposed capital expenditure for initiatives with the Bank’s objectives/performance targets as well as perform a cost-benefit analysis

Qualifications and Requirements

Educational Qualifications:

A Bachelor’s Degree in Finance, Accounts, or any Social Management Science or Business-related discipline.
A post-graduate or master’s degree in a related field is an added advantage.
A minimum of 4 years of working experience in an Accounting or Finance related function in a financial institution.

Professional Qualifications:

Membership in ICAN, ACCA, CFA, or CPA is required.

Competencies:

Knowledge:

Knowledge of the financial services industry
Knowledge of cash flow and financial modeling
Knowledge of local and international economic and development issues.
Knowledge of accounting standards and regulations (GAAP/IFRS etc.)
Working knowledge of financial control and analysis
Knowledge of relevant banking applications
Knowledge of controls and risk management

Technical Competencies:

Expertise in Financial & Management Accounting
Expertise in research, data gathering, and numerical analysis
Demonstrates expertise in Financial Analysis & Interpretation and reporting
Excellent communication skills (Oral & Written)
Expertise in technical financial report writing.

Behavioral Competencies:

Mentoring and Coaching Skills
Analytical/Problem-Solving Skills
Organization Skills
Teamwork, collaboration, and networking skills.
Multi-tasking ability.
Accuracy and attention to detail.
Team management
Strategic Thinking/Orientation
Interpersonal Skills

Job Title: Legal Officer

Location: Nigeria

Job Description

The Legal Officer provides effective legal services and compliance advice to the institution (including its subsidiary) in the most efficient manner.
He/She provides support in the delivery of corporate governance and regulatory compliance responsibilities.
The role reports to the Company Secretary/Legal Adviser.

Job Roles/Responsibilities

Provision of Legal Advice:

Provides assistance in the management of relationships with specialist external legal firms and practitioners, as required.
Transfers files to external lawyers and monitors performance.
Reviews and ensures updates to the Bank’s documents as needed.
Participates in collaboration with the Legal Adviser, legislative and regulatory changes or developments that might affect the institution’s operations or Board activities, and ensures briefing of the Board to aid informed decisions.
Prepares Memorandum of Understanding, bills, and statutes on administrative matters and conduct research on appropriate emerging legal issues.
Meetings and Representation
Provides representation to the Bank in ensuring the efficient handling and winning resolution of all negotiations and disputes.
Participates in meetings with clients and concerned parties to discuss related legal matters.
Analyses formal complaints against the Bank/its subsidiary and provides advice on measures of action.
Ensures that proper legal consultations are provided to departments/units.
Conducts review of texts of standard contracts, agreements, and forms.
Assists with the registration of agreements for submission to ministries, governmental departments, relevant administrations, and agencies.

Qualifications and Requirements

A Bachelor’s Degree in Law
Possession of a Postgraduate qualification (i.e. LLM) is an added advantage
A minimum of 3 years post-call cognate experience in a financial regulatory environment is required.

Professional Qualifications:

Membership in the Nigerian Bar Association is required.

Competencies:

Knowledge:

Understanding of legal issues including governance and legal compliance
Understanding of the financial services industry policies and principles
Knowledge of administrative laws
Understanding of ethical rules and laws.
Knowledge of customer service principles and practices
Knowledge of conflict management

Technical Competencies:

Demonstrates expertise in negotiation, arbitration, and contracts
Expertise in the application of principles and instruments of Company Law
Excellent communication skills (Oral & Written).
Demonstrates expertise in providing advice at Board/Top Management level
Demonstrates expertise in dispute resolution

Behavioral Competencies:

Problem-solving/decision-making ability
Teamwork, collaboration, and networking skills
Accuracy and attention to detail.
Creativity
Ability to perform multiple tasks

How to Apply

Interested and qualified candidates should send their updated Resume and Covering Letters to: careers@devbankng.com using “Application for Legal Officer Role – Candidate Name” as the subject of the mail.