Chief Technology Officer (CTO)

Job Summary

The Chief Technology Officer (CTO) at VFD Microfinance Bank is responsible for overseeing all technical aspects of the organization. The CTO will lead the bank’s digital transformation, technology strategy, and IT operations. This role is pivotal in driving innovation, enhancing customer experience through technology, ensuring system security, and aligning technology initiatives with business goals.

Job Details

Job Title: Chief Technology Officer (CTO)
Department: Executive Office
Reports to: Managing Director

Operational Responsibilities:

Technology Strategy & Leadership

Develop and execute the bank’s technology roadmap in alignment with corporate objectives and digital banking strategy.
Advise executive management on emerging technologies and their applicability to the bank’s strategic goals.
Lead the development of scalable and secure technology platforms supporting product innovation and customer experience.

IT Governance & Infrastructure

Establish robust IT governance frameworks including policies for procurement, infrastructure, data management, and cybersecurity.
Oversee the design, implementation, and maintenance of the bank’s core banking systems, digital platforms, and IT infrastructure.
Ensure high availability and reliability of all banking platforms and services.

Digital Transformation & Innovation

Drive the continuous digitization of customer journeys and banking processes to enhance operational efficiency and customer satisfaction.
Champion the adoption of agile, DevOps, and cloud-based solutions for rapid deployment of features and services.
Lead innovative initiatives including AI, machine learning, blockchain, and API banking (BaaS).

Cybersecurity & Risk Management

Ensure the highest standards of information security, disaster recovery, and regulatory compliance (NDPR, CBN guidelines, etc.).
Collaborate with the Chief Risk and Compliance Officer to manage technology risk and ensure cybersecurity resilience.

Vendor & Stakeholder Management

Manage relationships with technology vendors, consultants, and service providers to deliver value-added solutions within budget and timelines.
Collaborate with other department heads (Products, Operations, Data & Analytics, Customer Experience) to meet business goals through technology enablement.

Team Leadership & Development

Build and lead a high-performing, cross-functional IT team including Software Engineering, Infrastructure, Cybersecurity, and Technical Support.
Mentor and upskill technology staff to align with future-proof banking capabilities and standards.

Requirements

Bachelor’s degree in Computer Science, Information Technology, Engineering or a related field. A master’s degree or MBA is an added advantage.
Relevant professional certifications (e.g., TOGAF, PMP, AWS, CISSP, CISA, ITIL) are desirable.
Minimum of 10 years of progressive experience in technology leadership, with at least 5 years in a senior executive role within financial services or digital banking.
Proven experience in leading large-scale digital transformation and IT infrastructure projects.
Strategic thinking with strong business acumen and a deep understanding of financial technology.
Excellent leadership, communication, and stakeholder management skills.
Strong knowledge of core banking systems, API integrations, cloud computing, and cybersecurity frameworks.
Agile mindset and innovative problem-solving capabilities.

About Company

VFD Microfinance

https://vfdbank.com

VFD Microfinance Bank is a dynamic, Lagos-based financial services institution operating in the microfinance banking sector. The combined experience of our management and board of directors spans more than five decades and several banking and finance organizations, nationally.