Head of Deposit Mobilization

About the role

The Head of Deposit Mobilization will lead the bank’s strategy to grow low‑cost savings, current accounts and fixed deposits. Reporting to the MD/CEO, this senior leader will drive deposit acquisition, retention and profitability across retail, corporate and institutional segments.

Key responsibilities

• Design and execute a comprehensive deposit mobilization strategy aligned with funding and profitability targets.
• Source appropriately priced deposit liabilities from retail, corporate and institutional clients.
• Identify and cultivate new business from high‑net‑worth individuals, corporates, SMEs, cooperatives and public institutions.
• Develop and implement plans to improve deposit retention and manage withdrawal attrition.
• Lead, manage and mentor the deposit mobilization team, setting performance metrics and sales targets.
• Serve as senior point of contact for major depositors and institutional relationships, ensuring courteous service.
• Ensure compliance with AML, KYC, CBN guidelines and internal due‑diligence policies.
• Track and report on deposit growth, portfolio mix, attrition and team performance to senior leadership.

Required profile

• Bachelor’s degree in Banking, Finance, Economics, Marketing or Business Administration (Master’s preferred).
• 8‑12 years of banking/financial services experience with a strong track record in liability generation and team leadership.
• Membership of the Chartered Institute of Bankers of Nigeria (CIBN) or Associateship of the Chartered Institute of Bankers (ACIB) preferred.
• Extensive network of corporate, HNI and institutional relationships.
• Proven ability to consistently exceed deposit targets.
• Strong analytical, risk and compliance judgment.

Required skills