Recruitment at FairMoney Microfinance Bank
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. Reconciliation and Dispute specialists provide accounting support to major financial accounting areas, reconciling payments to ensure the accounting system reflects the correct transactions.
We are recruiting to fill the position below:
Job Title: Credit Risk Analyst
Location: Nigeria (Remote)
Job type: Full-time
Department: Risk
Description
- You will be working as a Risk Analyst in the Risk department and will be responsible for driving the growth of our portfolio in Nigeria.
- Your mission is to ensure portfolio performance according to the company OKRs, offering the best-tailored credit services to as many clients as possible.
- 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.
- As the Risk Analyst for the Nigerian business, you will be part of a team that plays a critical role in managing FairMoney’s ability to grow in the market.
- You will be one of the key stakeholders and contributors in decisions revolving around the business and product strategies.
Responsibilities
- Own the main portfolio metrics – default rates, acceptance rates, and profitability
- Contribute to underwriting funnel improvements
- Collaborate with Data Science, Debt Collection, and Growth teams on a daily basis
- Work closely together with the Product and Engineering team on improvements for the lending product
- Build, improve, and maintain the credit risk policy for Nigeria that will allow growth of the portfolio according to company OKRs
- Communicate the performance results and other findings with the respective stakeholders
- Keep up to date with the company’s lending protocols
- Benchmarking current risk practices against those stipulated within business units
- Implementing the best possible methodologies in improving the credit performance, considering the risk associated, yet offering the prime credit facility
Requirements
- At least 2 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, with 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.
Benefits
- Private Health Insurance
- Pension Plan
- Training & Development
- Hybrid work
- Paid Time Off.
Application Closing Date
Not Specified.
How to Apply
Interested and qualified candidates should:
Click here to apply online
Recruitment Process
- A screening interview with one of the members of the Talent Acquisition team for 30 minutes.
- Assignment (Takeaway)
- Assignment review and a technical interview with Risk Managers for 45-60 minutes.
- Final Interview 45 minutes.
Job Title: Senior Product Manager
Location: Nigeria
Department: Product
Description
- We look forward to welcoming a visionary Senior Product Manager who will play a key role in shaping our company’s future as a leading business bank while continuing to excel in the POS agency business.
- If you believe you have the expertise and passion for this role, we encourage you to apply and be part of our exciting journey!
About The Role
- We are seeking an experienced and dynamic Senior Product Manager to join our growing POS merchant & agency business in Nigeria.
- As we embark on our transformation journey to become a leading business bank in addition to our core POS services, we need a visionary leader who possesses a deep understanding of fintech, core payment systems, and business banking.
- The ideal candidate will play a crucial role in shaping our product strategy, driving innovation, and delivering exceptional financial services to merchants and businesses across Nigeria and other parts of Africa as we expand
Roles and Responsibilities
- Product Strategy: Develop and execute a comprehensive product strategy that aligns with the company’s vision of becoming a leading business bank. Identify growth opportunities, market trends, and customer needs to enhance our product offerings.
- Fintech Expertise: Leverage fintech knowledge and industry insights to drive product innovation and digital transformation. Identify emerging technologies that can improve our financial services and optimise business processes.
- Business Banking Expansion: Lead the expansion of our product portfolio to include business banking services such as deposits, lending, trade finance, and other financial solutions tailored to meet the needs of small and medium-sized businesses.
- Core Payment Solutions: Oversee the enhancement and maintenance of our core payment systems, including POS terminals, to ensure seamless and secure transactions for our customers.
- Market Research: Conduct market research and competitive analysis to understand customer preferences, identify market gaps, and inform product development decisions.
- Customer-Centric Approach: Champion a customer-centric approach to product development, ensuring that all initiatives are focused on delivering value and an exceptional user experience to our merchant and business customers.
- Cross-Functional Collaboration: Collaborate closely with engineering, design, marketing, and operations teams to deliver new products and features in a timely manner.
- Regulatory Compliance: Stay updated on relevant financial regulations and ensure that our products and services adhere to all compliance requirements.
- Performance Tracking: Define key performance indicators (KPIs) and metrics to track the success of new product launches and overall product performance.
- Team Leadership: Build and lead a high-performing product team, fostering a culture of innovation, collaboration, and continuous improvement.
- Despite all of the above superpowers, you have no chip on the shoulder & are fun to work with.
Requirements
- Bachelor’s or Master’s degree in Business, Finance, Computer Science, or a related field. A Master’s degree is a plus.
- Proven experience 5+ in fintech, product management, and business banking, preferably in the Nigerian or African market or emerging markets
- Proven experience as a Product Manager in the lending industry, preferably within the fintech sector.
- Strong understanding of core payment systems, financial technologies, and digital banking platforms.
- Track record of successfully launching and scaling financial products and services.
- Excellent strategic thinking, problem-solving, and decision-making abilities.
- Strong leadership skills with the ability to motivate and inspire cross-functional teams.
- Exceptional communication and interpersonal skills.
- Experience with regulatory compliance in the financial services industry.
- Flexibility to adapt to a fast-paced and evolving business environment.
- Passion for driving financial inclusion and making a positive impact on businesses and communities.
- In-depth knowledge of lending products and services, including consumer and small business lending, credit scoring models, and risk assessment.
- Demonstrated experience in developing and launching successful fintech products.
- Strong analytical and data-driven decision-making skills.
- Familiarity with the Nigerian and African fintech markets and an understanding of local customer preferences and behaviors is a bonus but not essential
- Excellent leadership and communication skills with the ability to collaborate effectively with cross-functional teams.
- Experience in managing and motivating high-performing product teams.
- Creative problem solver mindset with a data-driven and KPI-oriented approach using such tools as SQL, Python and Excel
- Entrepreneurial mindset and commitment to getting hands dirty at all times;
Benefits
- Private Health Insurance
- Pension Plan
- Training & Development
- Hybrid work
- Paid Time Off
Application Closing Date
Not Specified.
How to Apply
Interested and qualified candidates should:
Click here to apply online
Recruitment Process
- Technical interview with the product team: 45-60 minutes.
- Assignment (takeaway).
- Final interview with Director of Product: 45-60 minutes.
Note: The position is open to candidates in Nigeria.
Job Title: Data Analyst – Collections & Risk
Location: Nigeria (Hybrid)
Employment Type: Full Time
Job Summary
- Your mission is to ensure portfolio performance according to the company OKRs, offering the best-tailored credit services to as many clients as possible. 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.
- As the Collections Analyst for the Nigerian business, you will be part of a team that plays a critical role in managing FairMoney’s ability to grow in the market. You will be one of the key stakeholders and contributors in decisions revolving around the business and product strategies.
Roles and Responsibilities
- Assist in the development of collections strategy.
- Strategic campaign planning and optimization of new and existing collections models.
- Utilize data sets to perform analytics and propose solutions.
- Own the collections performance metrics– recovery rates, roll rates, dialler metrics, collections operational metrics
- Collaborate with Collections Operations team on a daily basis.
- Communicate the performance results and other findings with the respective stakeholders
- Design and implement experiments to optimize recoveries.
- Implementing the best possible methodologies in improving collections performance.
Requirements
- At least 2 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, with 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.
Application Closing Date
Not Specified.
How to Apply
Interested and qualified candidates should:
Click here to apply online
Recruitment Process
- Screening interview with a Senior Recruiter- 30 minutes.
- Technical Assessment
- Technical Interview with the Lead Risk Manager for 45-60 minutes.
Recruitment at FairMoney Microfinance Bank
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Important Notes
- The above statements are intended to describe the general nature and level of work to be performed by those assigned to this function.
- It should not be construed as an exhaustive list of all responsibilities, tasks and skills required of persons so classified.
- All employees may be required to undertake other responsibilities in addition to those specified from time to time, as required.
- We do not charge any application, processing, training, interview, testing or any other fees in connection with the application or recruitment process. If you receive a fee request, please ignore it.
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- We are an equal opportunity employer that values inclusiveness and diversity. We do not discriminate on the basis of color, race, nationality, religion, age, ethnic origin, disability, gender, marital status or orientation gender in our employment practices
- Our employees are all equally talented in unique ways: we come from diverse traditions, personal experiences and perspectives. And we want to include your ideas, are you ready to inspire us with your ideas?
- We encourage all applicants to apply and do not discriminate in any recruitment process.
- Applications submitted after the deadline will not be considered.
- Due to the necessity of the position, we are entitled to appoint a candidate who matches the required profile before the above deadline
- Only qualified candidates will be invited for an interview
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