Overview

FairMoney is a pioneering mobile banking institution specializing in extending credit to emerging markets. Established in 2017, the company currently operates primarily within Nigeria, and it has secured nearly €50 million in funding from renowned global investors, including Tiger Global, DST, and Flourish Ventures. FairMoney maintains a strong international presence, with offices in several countries, including France, Nigeria, Germany, Latvia, the UK, Türkiye, and India.

Job Position: Credit Risk Manager

Job Location: Lagos, Nigeria

Job Description

  1. You will be working as our Nigeria’s Credit Risk Manager in the Risk department and will be responsible for driving the growth of our portfolio in Nigeria.
  2. Your mission is to ensure portfolio performance according to the company OKR’s, offering the best-tailored credit services to as many clients as possible.
  3. Your goal is to build FairMoney as a Tier 1 digital lender in Nigeria and you will be a key Business Partner to achieve the same.
  4. As the Credit Risk Manager for the Nigerian business, you will lead a team that plays a critical role in managing FairMoney ability to grow in the market. As such you will be considered as a key stakeholder and contributor in all decisions revolving around the business and product strategies.

Job Responsibilities

  1. Own the main portfolio metrics – default rates, acceptance rates and profitability
  2. Drive the decision of new risk product updates in terms of product offerings and underwriting funnel improvements – Work closely together with the Product and Engineering team on improvements for the lending product
  3. Build, improve and maintain the credit risk policy for Nigeria that will allow to grow the portfolio according to company OKRs – Communicate the performance results with the respective stakeholders
  4. Keep up to date with the company’s lending protocols
  5. Benchmarking current risk practices against those stipulated within business units
  6. Implementing the best possible methodologies in improving the credit performance, considering the risk associated, yet offering the prime credit facility
  7. Own the structuring and hiring of a Risk Analysis and Data Science team as well as their agenda
  8. Mentoring and coaching talents, scaling up the team as and when required.

Job Requirements

  • 5 to 7 years experience with exposure to Fintech / retail banking credit risk (consumer loans) / NBFCs
  • Expert in credit risk analysis/underwriting principles, methods, and practices
  • Proficient SQL user, reasonable experience with BI tools like Tableau, PowerBI or similar
  • Strong quantitative analysis experience
  • Strong attention to detail and ability to notice discrepancies in data
  • Impeccable understanding of financial statements, ratios, and concepts
  • Strong communication skills
  • Strong people management skills

Benefits

  1. Private Health Insurance
  2. Pension Plan
  3. Training & Development
  4. Hybrid work
  5. Paid Time Off

How to Apply
Interested and qualified candidates should:
Click here to apply online

Recruitment Process

  1. Screening call with a Recruiter: 30 mins
  2. Case Study (Take home)
  3. Technical Interview: 45 mins- 1 hr

Tagged as: Accounting, Finance

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