About the Role
Maurice Xandra Solutions is recruiting on behalf of a prominent digital microfinance bank in Lagos for a strategic and results-driven Merchant Business Manager. In this leadership role, you will spearhead the growth, strategic direction, and profitability of the merchant banking division by expanding our footprint among SMEs and medium-sized enterprises across Nigeria.
Key Responsibilities- Develop and execute comprehensive growth strategies to achieve ambitious business targets, including N150B in new deposits and N70B in loan disbursements.
- Drive the aggressive expansion of merchant banking solutions, successfully onboarding at least 100,000 new merchant accounts.
- Scale payment processing services by deploying 20,000 POS terminals and maintaining a 90 percent active POS usage rate.
- Design and manage tailored merchant lending solutions while enforcing stringent credit risk management to maintain a Non-Performing Loan (NPL) ratio of 3 percent or lower.
- Collaborate cross-functionally with internal product and tech teams to optimize digital banking and payment gateway services.
- Ensure strict adherence to regulatory compliance, risk frameworks, and operational guidelines across all merchant operations.
- Bachelor degree in Finance, Banking, Business Administration, or a related discipline; an MBA or professional certifications such as CFA or ACCA are distinct advantages.
- Minimum of 8 to 10 years of progressive experience in merchant banking, SME banking, or digital payment processing.
- At least 5 years of demonstrated success in a senior leadership or management capacity.
- Exceptional business development, stakeholder relationship management, and high-level negotiation capabilities.
- Deep working knowledge of current fintech trends, digital payment architectures, and financial risk management.
- Competitive salary package with attractive performance-based incentives and bonuses.
- Comprehensive health insurance coverage for self and dependents.
- Opportunities for professional development and career advancement within a leading financial services ecosystem.
- Dynamic, high-impact work environment in the heart of Lagos with a collaborative team.