Federal Government Recruitment at The Development Finance Institution [5 Positions]

Posted on :

5 Aug, 2016

Category :

Finance Jobs in Nigeria

The Federal Government of Nigeria is setting up a Development Finance Institution (DFI) with the objective to increase the availability and access to finance for micro, small and medium enterprises through eligible finance intermediaries.

It will be a wholesale development finance institution that will provide long term financing and partial credit guarantees to eligible financial intermediaries for on-lending to micro-, small, and medium enterprises (MSMEs). It will thrive on a culture of innovation to encourage and promote the growth of MSME in Nigeria by providing financial facilities to participating financial institutions to on-lend to MSMEs.

A Government Agency operating in this financial MSME sector would like to engage the services of experienced and highly qualified persons listed below for the following vacant positions below:


Job Title: Chief Economist (CE)

Job Description

  • The Chief Economist when appointed will be required to perform the following tasks/responsibilities among others;

Scope of Work
Overall Function of the Position:

  • The Chief Economist will provide intellectual leadership relating to all aspects of economics and development within the Institution, as well as contribute to product conceptualization, design, funding, implementation and quality assurance of funds to be disbursed through on-lending organizations.

Specific Duties of the Position

  • Lead the process of developing strategies and policies, in collaboration with relevant departments of the Institution.
  • Lead the Institution’s ambitious work on economic modelling internally and build and maintain an external network to carry this work to its conclusion
  • Produce short term and long-term economic forecasts for the Institution.
  • Forecast and interpret the key components of the Nigeria economy
  • Provide forward-looking analysis for capital planning to identify economic and other related trends
  • Publish regular economic analysis commentaries and forecasts of interest rates and key economic factors on a timely basis
  • Lead the production of regular reports which monitor developments in global economic and financial environment as well as the Institution’s key markets and products
  • Consult with various bank departments on economic forecasts, market behavior, and political decisions, which may affect their areas. These will include asset servicing, investments, treasury, trade and foreign exchange
  • Lead on the conceptualization, development and funding of priority projects for the Institution to embark on.
  • Manage and build an internal economics unit within the Institution, while supervising and providing mentoring for other researchers within the Institution
  • Collaborate with key external partners, stakeholders, National/International Financial Institutions, multilateral and bilateral organizations, academia, the private sector and other relevant organizations to advance the objective and goal of the Institution
  • Periodically review key corporate activities and performance reports and take appropriate action to ensure the corporate objectives are achieved.
  • Advise the Board and Management on appropriate focus and initiatives/instruments that will enable success and impact.
  • Coordinate the articulation of the organization’s strategy leveraging data and analysis
  • Perform annual due diligence to confirm PFIs meet the minimum eligibility criteria; perform spot checks on PFIs
  • Monitor loan beneficiaries, evaluate current and forecast performance and advise Management of remedial steps, if required.

Submission of Expressions of Interest (EOIs)
Prospective Applicants should note the following information as basis for pre-qualification:

Education and Experience Required

The successful candidate should have:

  • Minimum of a Bachelor’s Degree in any discipline and a Master’s Degree in Economics or related discipline
  • PhD in Economics or related relevant field (will be an advantage)
  • Minimum of 15 years post-graduation experience in professional economic research or other relevant experience in national/international organizations/national government, or academic institutions out of which at least 7 years must have been in a Senior Management position
  • Proven substantive (research and publication) track record
  • Experience in macroeconomic model-building
  • Experience within the banking Industry, MSME and Consulting would be of added advantage


Job Title: Head, Corporate Services (HCS)

Job Description

  • The Head, Corporate Services when appointed will be required to perform the following tasks/responsibilities among others;

Scope of Work
Overall Function of the Position:

  • The Head, Corporate Services is responsible for overseeing the provision of general support services to the Institution.
  • The support services include: Information Technology, Human Resources, Administration and Communications/External Relations.

Specific Duties of the Position

  • Coordinates the Institution’s procurement activities and ensure it is driven by “best practice” vendor selection and product/service sourcing strategies, enabling the Institution to leverage its corporate might and derive maximum value from its spend on goods and services.
  • Monitors and controls all procurement activities, ensuring compliance with approved budget.
  • Oversees the development/update of IT strategy, standards, policies and procedures.
  • Oversees the development of a robust security framework spanning physical asset and electronic protection from viruses, unauthorized external access and user access rights.
  • Drives the adoption of technology solutions to address automation needs and growth of the Institution.
  • Oversees the development of a customer management framework (policies, procedures and systems) for ensuring that services provided by the Institution are guided by customer centric principles.
  • Performs periodic customer satisfaction surveys to elicit feedback from the Institution’s staff, external clients and other stakeholders of the Institution and ensure gap bridging plans are carried out to address issues/gaps noted from the surveys
  • Oversees and supervises relationships with third party service providers and ensuring adherence to contract/Service Level Agreements (SLA) terms.
  • Authorizes administrative expenditure in line with approved authority limits.
  • Directs the development and establishment of adequate and equitable Human Resource policies throughout the Institution, including compensation policies and employee benefit plans.
  • Oversees the development and embedding of the Institution staff performance framework in line with the Corporate performance framework
  • Defines, and presents to the Board for approval, relevant policy framework and statements that promote the image and brand of the Institution.
  • Reviews and approves all (except otherwise directed by the Board) corporate communication between the Institution and external parties
  • Manages the Institution’s corporate image and ensure that staff operate in a way that sustains and/or enhance the company’s reputation and brand equity.

Education and Experience Required
The successful candidate should have:

  • Minimum of a Bachelor’s Degree in any discipline and a Master’s Degree in any business related discipline
  • Minimum of 15 years post-graduation experience in Corporate Services, Human Resources, leading Administrative Support functions out of which at least 7 years must have been in a Senior Management position
  • A professional qualification in Procurement is an added advantage.
  • Relevant professional qualifications in related fields such as Branding, Administration, Communication, Information Technology, Human Resources would be an advantage.


Job Title: Head, Internal Audit (IA)

Job Description

  • The Head, Internal Audit when appointed will be required to perform the following tasks/responsibilities among others;

Scope of Work
Overall Function of the Position:

  • Responsible for ensuring compliance with policies, procedures and standards with a view to promoting accountability, discipline and transparency in business operations across the Institution.

Specific Duties of the Position

  • Develop and coordinate implementation of strategies for ensuring compliance with established policies and control procedures
  • Formulate audit programs and schedules, including budget and staffing requirements to ensure the achievement of goals, strategies and objectives and to safeguard the Institution’s assets
  • Oversee the conduct of all audits, investigations and other special reviews and prepare reports on findings and recommendations to the management and Board
  • In particular, evaluate existing and potential business risks including operational, credit, people, financial, safety risks and recommend appropriate measures to mitigate impact on the Institution’s operations
  • Provide technical advice to the CEO and heads of departments/units on compliance imperatives and control requirements within areas of operations
  • Monitor to ensure that all functions comply with established risk management guidelines and control by specifying the escalation procedures to be followed in the management of any risk across the Institution.
  • Review various audit reports and performs daily callback of system, specification or security changes

Education and Experience Required
The successful candidate should have:

  • Minimum of Bachelor degree in Accounting or any relevant Master’s Degree will be an advantage.
  • Professional qualification (at least one of ACA, ACIB, ACCA, etc.)
  • Minimum of 12 years relevant work experience in the banking industry with not less than 5 years as Chief Internal Auditor (Chief Inspector) or designate in the financial services industry


Job Title: Executive Secretary to the CEO

Job Description

  • The main objective is to find an experienced and competent individual to manage the CEO’s office and busy schedule.
  • The Executive Assistant will assist the CEO directly in the discharge of the duties of a chief Executive Officer.

Scope of work
The Executive Assistant to the CEO when engaged will be required to perform tasks that include but are not limited to the following:

  • Read and analyze incoming memos, submissions, and reports in order to determine their significance and plan their distribution
  • Prepare confidential and sensitive documents and coordinate office management activities.
  • Determine matters of top priority and handle accordingly.
  • Relay the CEO’s directives, instructions and assignments to other executives.
  • File and retrieve corporate documents, records, and reports.
  • Make arrangements for committee and board meetings.
  • Compile, transcribe, and distribute minutes of meetings.
  • Manage and maintain CEO’s busy schedules and travel arrangements.
  • Carrying out any other duties as may be required by the CEO from time-to-time.
  • Requires strong computer and Internet research skills
  • Sensitivity to confidential matters is required


  • The candidate for this position should have a university degree and relevant professional qualification with good communications skills in addition to strong inter-personal skills and ability to work with a wide range of people from different backgrounds.
  • The applicant should have at least 7 years prost graduation work experience and a minimum of three years as an Executive Assistant to a CEO, with familiarity working with senior executives.


Job Title: Administrative Officer

Job Description

  • The objective of this position is to improve office efficiency through the provision of office services, implementation of administrative systems, procedures, and policies, and monitoring administrative projects.
  • To this end, a suitable candidate is being sought for immediate consideration and employment as Administrative Assistant.

Scope of Work
The Administrative Assistant to be selected will be expected to perform tasks that include but not limited to the following:

  • Applicant would performs administrative and office support activities for multiple supervisors.
  • Coordinate preparation of departmental reports.
  • Schedule meetings and arrange conference rooms.
  • Take minutes of meetings as may be required
  • Duties may include word processing, creating spreadsheets and presentations, and filing
  • Responds to requests from the public and other governmental and private entities for organizational, operational and administrative information upon consultations with the management.
  • Provide information by answering questions and requests, taking memos, and maintaining files.
  • Ensure operation of office supplies and equipment by completing preventive maintenance requirements; calling for repairs;
  • Maintain supplies inventory by checking stock to determine inventory level; anticipating needed supplies; placing and expediting orders for supplies; verifying receipt of supplies.
  • All other duties as required by Management


  • A Bachelor’s degree
  • The applicant should have at least 5 years work experience as an Administrative Assistant/Officer and some experience working with senior management executives.
  • Must possess Microsoft Office skills, internet research abilities and strong communication skills.


Application Deadline: 19th August, 2016.

How To Apply
Interested and qualified candidates should Click Here

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