Human Capital Partners (HCP) – Our client, a leading infrastructure bank, is recruiting to fill the position below:

Job Title: Chief Operating Officer (COO)

Location: Lagos
Employment Type: Full Time

Job Summary

• The Chief Operating Officer reports to the Chief Executive Officer.
• He/She oversees the bank’s day-to-day operational functions, ensuring that all activities align with the institution’s strategic goals and objectives.
• The COO manages the operational aspects of various business units, including Finance, IT, and Corporate Services, while driving operational efficiency, enhancing service delivery, and implementing effective risk management practices.
• The role involves developing and executing operational strategies, optimizing resource allocation, and ensuring compliance with regulatory requirements.
• As a key member of the executive leadership team, the COO collaborates with the CEO and other senior executives to shape and execute the bank’s long-term strategy, ensuring that the organization’s operations are aligned with its mission and values.

Responsibilities

• Collaborate with the CEO and other senior executives in the formulation and execution of the bank’s long-term strategy, ensuring that operational functions are aligned with strategic goal
• Translate strategic objectives into actionable business plans, ensuring operational targets and financial goals are met
• Drive the operational aspects of key projects, focusing on delivering high-quality infrastructure finance solutions.
• Coordinate the development and implementation of annual operating and strategic plans for Finance, ESG, IT, HR, and other business units.
• Ensure the Bank’s technology, services, and resources are in line with regulatory standards and optimized for performance
• Oversee the development and implementation of policies, processes, and controls across all business units.
• Manage operational risk and ensure adherence to the Bank’s risk management policies and internal controls.
• Ensure seamless integration of new systems and technologies to enhance operations and client experience.
• Work closely with the Chief Financial Officer (CFO) to develop operational budgets, monitor financial performance, and ensure cost-effectiveness.
• Analyze financial and operational data to assess performance against set KPIs, recommending adjustments where necessary.
• Manage operational risks by implementing a robust risk management framework that aligns with regulatory guidelines and best practices.
• Ensure that all operations adhere to local, regional, and international financial regulations and corporate governance standards.
• Provide effective communication and guidance to relevant departments across the Bank, demonstrating strategic awareness, and ensuring that all business functions operate effectively.
• Share and collaborate with the management team on best practices to drive operational excellence and superior service delivery.
• Identify, build, and maintain strong relationships with key external stakeholders, including clients, community leaders, regulatory bodies, government agencies, investors, and industry partners, in alignment with the organization’s strategy and needs.
• Collaborate with external auditors, legal consultants, and regulators to ensure operational compliance.
• Identify areas for change, assess the impact, and establish a roadmap for implementing change initiatives.
• Align change efforts with the bank’s overall strategy, ensuring consistency with its mission and values.
• Communicate the need for change, address stakeholder concerns, and secure buy-in.
• Coordinate cross-functional teams, monitor progress, and resolve issues during implementation.
• Measure performance, gather feedback, and assess the impact of change while ensuring compliance and mitigatingrisks.
• Develop and implement procurement strategies that align with the bank’s operational goals, ensuring effectiveresource allocation and cost efficiency.
• Oversee vendor selection, evaluation, and contract negotiations, ensuring value for money and timely delivery of services
• Ensure compliance with local laws and international standards, managing procurement risks, and vendor adherence to Service Level Agreements (SLAs)
• Monitor and control procurement expenses, identifying opportunities for savings while staying within budget.
• Lead high-value contract negotiations, ensuring favorable terms and effective management of procurement contract.

Requirements

• Bachelor’s Degree in Banking & Finance, Economics, Business Administration, Accounting, or a related field.
• Minimum of fifteen (15) years of relevant experience with at least 5 years at management level.
• Postgraduate qualification, preferably an MBA degree.
• Relevant Professional qualification required.eg (CIBN, PMP, CIPM)
• Proven track record of managing multiple business units and facilitating progressive organizational change and development within a growing organization.
• Experience interacting at the C-Suite level, with oversight of operations, IT, corporate communication, procurement, and other support services functions
• Superior strategic agility evidenced by quick problem identification, insightfulness, “out-of-the-box” thinking
• Relatively good financial management skills, with the ability to analyze complex financial data and provide actionable insights.
• Expertise in identifying and mitigating operational risks in a financial institution.
• Ability to think long-term and strategically, with a focus on operational efficiency and business development.
• Working knowledge of IT/Business infrastructure and MS Office tools
• Strong management and leadership skills
• Strategic leadership
• Creative thinking, problem solving and decision making
• Good knowledge of internal control systems and process frameworks
• Ability to operate as a tactical as well as strategic thinker
• Exceptional team management abilities, with a track record of building and motivating high-performing teams.
• Excellent communication and interpersonal skills, with the ability to engage and influence key stakeholders.
• Strong analytical and problem-solving skills, with a solution-oriented mindset

Application Closing Date
14th October, 2024.