Fresh Jobs at The Development Bank of Nigeria (DBN)

Job Objective and Summary

• Work with Head of Internal Audit to execute and deliver planned internal audit activities for the Bank which includes assessment of risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable directives and regulations.
• Assist in executing other audit matters and projects as well as review Bank’s compliance with financial and statutory regulations, and standards.

Core Responsibilities and Key Result Areas

Audit Planning & Risk Management:

• Develops detailed program of activities, including the scope, objective, risk analysis, methodology and allocation of staff for Routine, Systems, Process Audits, Spot Checks, investigation etc.
• Assists with planning regular risk-based audits and compliance testing to ensure that procedures are operating effectively with appropriate controls and recommend changes where necessary
• Contributes to the development and implementation of the Bank’s annual audit plan to ensure compliance with financial and statutory regulations, and standards.

Auditing:

• Conducts audit testing of specified area and identify reportable issues and dimension of risk in line with risk based audit plan
• Properly manage audit evidence, collates and references audit working papers in line with best practices
• Participates in the preparation of audit reports to be presented to the Management / Board
• Ensures follow-up on the internal control systems established to ensure compliance with policies, plans, procedures, laws, regulations, contracts, and ethical business conduct.
• Assists the Head, Internal Audit with conducting ad-hoc audit reviews to investigate areas identified by management and carry out any special projects assigned

Qualifications

Educational Qualifications:

• A Bachelor's Degree in any Accounting or Social Sciences related discipline
• A post graduate degree in a Business-related field or Management is an added advantage.

Professional Qualifications:

• Membership in accounting / auditing associations such as ICAN, ACCA, CPA, CIMA, IIA or CISA, etc. is required

Experience Qualifications:

• Minimum of 7 years working experience in an accounting/ auditing role is required.

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Job Objective and Summary

• The Treasury & Investment Officer is to support treasury function to always ensure efficient and seamless services.
• The Treasury & Investment Officer reports directly to Head, Treasury & Investment.

Core Responsibilities and Key Result Areas

• Engages Participating Financial Institutions (PFIs) to receive Securities as Collaterals for loan disbursements.
• This includes valuation of the securities, switches and rollovers when necessary.
• Responsible for funding activities.
• Engages in treasury bills investments.
• Engages Operations department and obtain pipeline loans for treasury planning purposes.
• Reviews of transactions with banks to identify reconciliation issues for resolution.
• Follows up with commercial banks and obtain all contract letters.
• Capturing of treasury transactions on Eazybank
• Prepares Treasury reports based on market developments to position DBN’s portfolio in a profitable manner.
• Ensures documentation of all treasury activities.
• Engages and responds to requests relating to Treasury from different departments and units of the bank.
• Participates in audit confirmation of account balances and securities positions as requested by commercial banks, Microfinance Banks and Audit Department.
• Ensures compliance with statutory and internal policies.
• Nurtures and maintains relationships with relevant key stakeholders.
• Performs other duties assigned from time to time.
• Complies with the principles of the Information Security Policy of the bank.
• Performs other tasks such as arranging meetings with commercial banks and other stakeholders on treasury related issues.
• Works closely with Head, Treasury and Investment to ensure effective treasury services for the bank.
• Follows up on requests and issues addressed to Treasury and ensures timely feedback is provided or the issues are resolved.
• Handles treasury assignments expeditiously, proactively, and follows-through to successful completion, often with deadline pressures.
• Provides a link between treasury and other stakeholders to build relationship crucial to the success of DBN.
• Communicates on behalf of the Head, Treasury and Investment with internal and external stakeholders, on various matters as may be directed by Head, Treasury and Investment.
• Proactively and reactively handle ad hoc requests for treasury unit

Qualifications

Educational Qualifications:

• A good First Degree in Social / Management Sciences or any related discipline
• A post-graduate Degree in a management related field is an added advantage

Professional Qualifications:

• Membership of ACI, ACIB, ICAN, ACCA, CFA, CPA or any other related certifications is an added advantage.

ExperienceQualifications:

• Minimum of 3 years cognate experience in a similar role is required.

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Requirement

• Candidates Should posses relivant qualifications and experience

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Job Objective and Summary

• To direct and control the provision and highest quality of effective legal services and compliance advice is provided to the institution in the most efficient manner.
• To provide support in the delivery of corporate governance and regulatory compliance responsibilities.

Core Responsibilities and Key Result Areas

Provide Legal Advice:

• Provides assistance in the management of relationship with specialist external legal firms and practitioners, as required
• Transfer files to external lawyers, in coordination with the Chief Executive Officer, and monitor 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 ensure briefing of the Board to aid informed decisions
• Analyses formal complaints against the Bank and provides advice on measures of action
• Ensures proper legal consultations are provided to departments / units
• Conducts review on texts of standard contracts, agreements and forms
• Assists with the registration of agreements for submission to ministries, governmental departments, relevant administrations and agencies
• 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

Qualifications

Educational Qualifications:

• A Bachelor's Degree in Law

Professional Qualifications:

• Possession of a Post graduate qualification (i.e. LLM) is an added advantage
• Membership of the Nigerian Bar Association is required

Experience Qualifications:

• Minimum of 7 years post call cognate experience in a financial regulatory environment is required

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Job Objective and Summary

• To provide oversight for planning, evaluation, knowledge management and monitoring.
• Identify performance indicators, develop quality assurance strategies, monitor and report the Bank’s performance against developmental goals.

Core Responsibilities and Key Result Areas

Strategic Leadership and Management:

• Ensures maintenance of positive contact between the institution and key stakeholders
• Makes operational decisions and manages the various components of the program dealing with M&E data collection, verification and reporting;
• Keeps abreast of developments in changes and progress in order to advise and recommend tools and strategies to increase performances and results.

Adequate Monitoring and Evaluation:

• Establishes and identifies suitable indicators for effective monitoring of all business areas
• Establishes and implements an effective system to monitor progress, impacts and successes of activities and performance at all levels
• Develops management plan setting out specific quantifiable performance indicators and targets for overall objectives and activities and establishing monitoring systems to measure progress
• Provide recommendations for innovative solutions to streamline monitoring, evaluation and other operational functions.
• Highlights and escalates critical issues and their implications to management for rapid intervention
• Implements the monitoring plan for the organization, producing a risk profile/heat-map to assess priority areas and enable effective scheduling of monitoring reviews
• Implements corrective action plans for resolution of problematic issues

Qualifications

Educational Qualifications

• A Bachelor's Degree in Law, Social Sciences or any other related discipline
• A Master's or post graduate Degree in Law or a Business-related field is required

Professional Qualifications:

• Membership of any recognized body such as Chartered Institute of Bankers/ Finance and/or Nigeria Bar Association/ Association of Arbitration and Mediation is an advantage

Experience Qualifications:

• Minimum of 7 years working experience in a compliance / regulatory role in a financial environment is required of which at least 4 should be at managerial level

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Job Objective and Summary

• Support the implementation of the bank’s credit policy and ensure that the policy is adhered to strictly in the credit process.
• Coordinate and ensure prompt and adequate identification, assessment, treatment, monitoring and reporting of credit risk.
• Review the credit appraisal of PFIs presented by credit operations department and validated the fulfilment of all eligibility criteria and ensure that PFIs are rated in line with the credit policy manual, including implementing the Environmental and Social Risk Management (E & SRM) Policy of the Bank and monitoring compliance by the PFIs to the Bank`s E & SRM Policy.
• Ensure that all conditions precedent to disbursement are complied with by the PFIs before disbursement of funds and regularly review the Ratings of the PFIs.
• Conduct Anniversary Due Diligence of on-boarded PFIs and independently report on their compliance with the minimum eligibility as PFIs. Coordinating awareness session and training of staff and PFIs on E $ SRM policy, in addition to acting as in-house resources person on E & SRM.

Core Responsibilities and Key Result Areas

Risk Management Functions:

• Monitor compliance with all applicable policies and procedures, in particular, the Credit Policy Manual and the ESRM Policy.
• Support the HRAR in developing the Bank’s credit risk appetite, credit rating model and associated credit risk limits.
• Support the process of setting risk measures and limits for the various business lines and monitoring their adherence to set limits.
• Take into account, anticipated environmental changes, legislation, market movements, annual performance results of PFIs, and compliance with statutory and regulatory requirements which might affects the ratings of PFIs.
• Identify potential risks, proffers risk mitigations and monitors the progress of risk mitigation activities.
• Proactively identify emerging and systemic risk issues in the financial services industry which might adversely affects the going concern status of the Bank.
• Support the development of the annual Credit Portfolio Plan and monitor its implementation, including regular review of the plan when necessary.
• Support the HRAR in coordinating the credit rating of the Bank.

Effective Credit Risk Management:

• Review the eligibility due diligence of PFIs and validate the outcome of the due diligence with available metrices and information.
• Support the conducting of impact assessments of the Bank’s credit policies being implemented in collaboration with other stakeholders and recommend review where necessary.
• Review and monitor the credit portfolio of the Bank to identify any observed deterioration of the Obligors.
• Support the Bank’s engagement with relevant stakeholder Organisations to establish a Policy Repository for the Bank on risk related issues that can serve as a reference point for both internal and external stakeholders.
• Support the Anniversary Due Diligence Review of all on-boarded PFIs that have drawn on their lines and independently report on their continue eligibility as PFIs.
• Monitor compliance with collateral management policy.
• Review drawdown request of PFIs as presented by Operations and ensure that all conditions precedent to drawdown are met.
• Estimate the Monthly Expected Credit Loss (ECL) figures as inputs to the Management Account in line with the approved IFRS 9 ECL Model and where necessary recommending a review of the model.
• Prepare regular reports to MCRC & BCRC.

Effective Implementation of E & S Risk Management:

• Support the implementation of the ESMS Policy and recommend review where necessary.
• Screen all end-borrowers in line with the E & S Rating model and recommend remediation action for end-borrowers with high E & S risk.
• Prepare regular update to Development partners on level of implementation of ESRM policy.

Qualifications

Educational Qualifications:

• A Bachelor's Degree in Accounting, Banking & Finance, Economics, Business Administration or any Social Sciences related discipline

Professional Qualifications:

• Membership of any recognized professional certification such as RIMAN, PRMIA, RMP, ACCA, or any related certification is an added advantage.

Experience Qualifications

• Minimum of 3 years working experience in a similar role is required within a financial services institution