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FairMoney

Fintech providing loans, savings, and payments

Lead Risk Manager & Portfolio Owner

Risk ManagementConfirmed live in the last 24 hours
Full-timeNo salary listed

About the Job

Requirements

  • At least 6 years of experience in consumer credit risk, credit strategy, or lending portfolio management.
  • Proven ownership of a material lending portfolio or product line, including revenue, gross loan book, risk, and profitability.
  • Experience building annual business plans, monthly forecasts, and corrective action plans.
  • Strong digital unsecured-lending experience.
  • Advanced understanding of probability of default, loss given default, exposure at default, vintages, roll rates, International Financial Reporting Standard 9/Expected Credit Loss, pricing, offers, tenure, exposure, affordability, and net present value.
  • Strong SQL capability and comfort with Python or equivalent analytical tooling.
  • Experience translating credit strategy into decision-engine rules and controlled production changes.
  • Evidence of building senior teams, developing successors, and leading complex cross-functional delivery.

Responsibilities

  • Own Android revenue, sustainable gross loan book growth, risk-adjusted gross profit, economic profit, and credit-risk performance.
  • Build and own the annual Android business plan and strategic roadmap.
  • Produce the monthly portfolio forecast and maintain a clear bridge between actual performance, budget, and prior forecast.
  • Diagnose material variances and drive corrective actions with clear owners and deadlines.
  • Manage expected credit loss, ECL/revenue, approval and disbursal rates, average loan size, tenure, exposure, first-payment default, roll rates, portfolio at risk, non-performing loans, repeat value, and customer acquisition cost payback.
  • Partner with Finance and Portfolio Economics on loan-level and customer-level net present value, funding efficiency, and performance attribution.
  • Own and continuously improve new-to-bank strategy, including low-and-grow origination, first-loan ticket, tenure, pricing, and risk controls.
  • Own returning-customer strategy, including repeat eligibility, behavioural strategy, offer construction, and exposure growth.
  • Own top-up and internal consolidation strategy, including eligibility, incremental exposure, pricing, conversion, and post-event risk.
  • Own high-risk segment strategy, including risk-box clean-up, pricing, short-tenure treatment, and exposure caps.
  • Own rejected-customer re-entry through controlled requalification using risk, affordability, and alternative data.
  • Own the commercial application of probability-of-default cut-offs and calibration, pricing, offers, tenure, exposure limits, affordability, income-source treatment, fraud overlays, MBS treatments, and customer-routing logic.
  • Help formalise and operationalise Android affordability using bank-statement/MBS signals, transaction behaviour, SMS-derived estimates, declared income, and repayment history.
  • Translate affordability into amount, tenure, price, exposure, top-up, and consolidation decisions.
  • Design controlled A/B, multivariate, and champion/challenger tests with explicit hypotheses, maturity windows, success measures, and rollback triggers.
  • Measure full unit economics rather than only early risk metrics.
  • Translate strategy into decision-engine rules, parameters, and implementation requirements.
  • Own replay, back-testing, validation, staged rollout, monitoring, and post-implementation review.
  • Drive cross-functional dependencies through to production rather than stopping at analysis.
  • Within agreed appetite, budgets, and authority, prioritise and sequence the Android portfolio roadmap; approve and launch controlled experiments within agreed thresholds; scale, pause, modify, or roll back strategies against predefined evidence and guardrails; reallocate team capacity across Android workstreams; and escalate and resolve delivery blockers.
  • Escalate decisions that exceed delegated financial or risk thresholds, change company-level risk appetite, create material legal or customer-conduct implications, or materially affect another portfolio.
  • Build and lead a senior Android credit-strategy team with clear workstream ownership.
  • Establish strong weekly and monthly portfolio rhythms.
  • Develop credible workstream owners and at least one portfolio deputy.
  • Reduce key-person dependency through documentation, controls, and repeatable processes.
  • Work closely with Decision Science, Product, Engineering, Growth, Finance, Portfolio Economics, Collections, Fraud, Compliance, Legal, Operations, and Customer Service.
  • Mobilise cross-functional partners around clear briefs, owners, timelines, and expected economic impact.

Desired Qualifications

  • Nigerian or broader African-market experience is strongly preferred.

About the Company

FairMoney

Fintech providing loans, savings, and payments

FairMoney is a Nigerian fintech that offers loans, savings, and business payments through a mobile platform. Its key product is SME loans up to ₦5,000,000 with rapid daily processing; it also offers savings options (FairLock fixed-term deposits up to 24% APR or daily-paid 14% on regular savings). For merchants, it provides a Payforce-based payment acceptance solution, and it runs a 2% cashback on FairMoney ATM card usage. The company targets underserved individuals and SMEs to extend mobile banking access, aiming to become the mobile bank for the next two billion people.

Company size
1,001-5,000
Company stage
Debt Financing
Total funding
$70.5M
Headquarters
Paris, France
Founded
2017

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