Deposit Mobilization Officer
Sigma Consulting Group
Remote
Locations: Ikeja, Sangotedo, Epe, Lagos Island, Oshodi, Ikorodu & Ojo, Lagos State
Employment Type: Full-Time
Reports To: Head of Business Development / Regional Business Manager
Monthly Salary: ₦240,000 – ₦390,000 (Based on Experience and Portfolio)
Experience: Minimum of 5 years' relevant experience in Deposit Mobilization within a Microfinance Bank (Mandatory).
About The Role
Our client, a reputable Microfinance Bank, is seeking experienced, highly motivated, and results-driven Deposit Mobilization Officers to drive business growth through the acquisition and management of deposit liabilities.
The successful candidates will be responsible for sourcing and mobilizing deposits from High-Net-Worth Individuals (HNIs), SMEs, corporate organizations, associations, cooperatives, religious institutions, educational institutions, and other key market segments. The ideal candidate must possess an established client network, a strong understanding of liability generation, and a proven track record of consistently achieving deposit mobilization targets within the microfinance banking sector.
Please Note: Previous experience in a Microfinance Bank is mandatory. Candidates without relevant microfinance banking experience will not be considered.
Key Responsibilities
Deposit Mobilization & Business Development
- Drive deposit mobilization initiatives to achieve assigned liability growth targets.
- Source and mobilize deposits from High-Net-Worth Individuals (HNIs), SMEs, corporate organizations, government agencies, NGOs, cooperatives, associations, schools, religious organizations, and other institutional clients.
- Develop and implement effective strategies for growing the Bank's deposit portfolio.
- Build and maintain a robust pipeline of prospective deposit customers.
- Identify new business opportunities and convert prospects into long-term banking relationships.
- Consistently meet and exceed monthly, quarterly, and annual deposit mobilization targets.
- Develop and maintain strong relationships with existing and prospective customers.
- Serve as the primary relationship manager for assigned liability accounts.
- Cross-sell the Bank's products and services, including savings accounts, fixed deposits, current accounts, loans, digital banking solutions, and investment products.
- Ensure high levels of customer satisfaction through excellent service delivery.
- Retain and grow existing customer portfolios through proactive engagement.
- Conduct regular marketing visits and business development calls within assigned territories.
- Organize customer engagement activities and participate in promotional campaigns.
- Deliver presentations to prospective clients and institutions.
- Promote the Bank's products and value proposition to target markets.
- Monitor customer accounts and ensure proper account maintenance.
- Ensure all account opening documentation complies with KYC, AML/CFT, and regulatory requirements.
- Maintain accurate customer records and transaction documentation.
- Adhere to all internal policies, operational procedures, and regulatory guidelines.
- Prepare daily, weekly, and monthly deposit mobilization reports.
- Maintain an up-to-date sales pipeline and business development tracker.
- Provide market intelligence on competitor activities and emerging business opportunities.
- Submit periodic performance reports to management.
- Bachelor's Degree or HND in Banking & Finance, Business Administration, Economics, Marketing, Accounting, or a related discipline.
- Minimum of 5 years' relevant experience in Deposit Mobilization within a Microfinance Bank (Mandatory).
- Demonstrated success in generating and managing substantial deposit portfolios.
- Proven ability to consistently achieve or exceed liability generation targets.
- Strong understanding of banking operations, deposit products, and customer relationship management.
- Monthly Deposit Mobilization Target
- Total Deposit Portfolio Growth
- Number of New Deposit Accounts Opened
- Value of Fixed Deposit Placements
- Number of New Corporate and Institutional Relationships
- Customer Retention Rate
- Cross-Selling Performance
- Portfolio Quality and Growth
- Competitive Monthly Salary
- Performance-Based Incentives
- Career Growth and Development Opportunities
- Ongoing Professional Training
- Supportive and Performance-Driven Work Environment
Interested and qualified candidates should send their updated CV to [email protected] using "Deposit Mobilization Officer – Preferred Location" as the subject of the email.
Example: Deposit Mobilization Officer – Ikeja or Deposit Mobilization Officer – Lagos Island.