FairMoney

Lead Risk Manager

FairMoney

full-time

Posted on:

Location Type: Remote

Location: Poland

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Job Level

Senior

Tech Stack

AndroidiOSSQL

About the role

  • 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.
  • In alignment with its vision, FairMoney is actively constructing the foremost mobile banking platform and point-of-sale (POS) solution tailored for emerging markets. The journey began with the introduction of a digital microcredit application exclusively available on Android and iOS devices. Today, FairMoney has significantly expanded its range of services, encompassing a comprehensive suite of financial products, such as current accounts, savings accounts, debit cards, and state-of-the-art POS solutions designed to meet the needs of both merchants and agents. **FairMoney thrives on its diverse workforce, bringing together talent from over 27 nationalities. This multicultural team drives the company’s mission of reshaping financial services for underserved communities.**To gain deeper insights into FairMoney’s pivotal role in reshaping Africa’s financial landscape, we invite you to watch informative video.
  • **Role Overview****We are hiring a Lead Risk Manager to own and scale our iOS (Apple) lending portfolio in Nigeria.
  • This is not a monitoring role.
  • This is not a reporting role.
  • This is a P&L-impacting, GP/ECL ownership role.
  • You will:
  • - Own Gross Profit (GP)
  • - Own Expected Credit Loss (ECL)
  • - Own risk-adjusted unit economics
  • - Own portfolio scaling decisions
  • - Own credit policy direction
  • You will lead policy, experimentation, analytics, and performance — and be accountable for portfolio outcomes end-to-end.
  • This is a high-impact role.
  • ******Key Responsibilities ******GP & ECL Ownership**
  • - Own portfolio-level GP and ECL performance
  • - Maintain ECL/Revenue within risk appetite
  • - Optimise:
  • - PD
  • - LGD
  • - Exposure limits
  • - Pricing
  • - Tenure strategy
  • - Build and manage loan-level and user-level NPV frameworks
  • - Ensure scaling decisions improve long-term portfolio PV
  • You must think in:
  • - Risk-adjusted margin
  • - Behavioural lifetime value
  • - Capital efficiency
  • - Sustainable growth
  • **Credit Policy Leadership**
  • - Design and implement credit policy changes
  • - Define clear hypotheses before rollout
  • - Quantify impact across:
  • - FPD
  • - Roll rates
  • - NPL
  • - ECL
  • - NPV
  • - GP uplift
  • - Present before/after impact analysis
  • - Ensure policy governance and documentation standards
  • Every policy change must be:
  • - Hypothesis-driven
  • - Controlled
  • - Measurable
  • - Financially justified
  • **Portfolio Scaling & Experimentation**
  • - Design and execute A/B and multivariate tests
  • - Ensure statistical validity and bias control
  • - Measure impact beyond FPD — full unit economics view
  • - Scale winning strategies quickly
  • - Terminate underperforming experiments fast
  • You must be comfortable making decisions under uncertainty — but never without data.
  • **Unit Economics & PV Mastery**
  • You must deeply understand:
  • - Loan-level NPV
  • - User-level NPV
  • - Behavioural EIR
  • - Discounting logic
  • - Lifetime value modelling
  • - Risk-adjusted CAC impact
  • You should be comfortable explaining why tenure, pricing, or exposure shifts change portfolio PV.
  • **End-to-End Credit Product Ownership**
  • - Acquisition risk filters
  • - Limit assignment logic
  • - Pricing bands
  • - Tenure optimisation
  • - Top-up strategy
  • - Collections alignment
  • - Fraud overlays
  • - Model strategy alignment
  • You must understand how underwriting decisions today affect collections 90+ days later.
  • **Team Leadership & Analytical Excellence**
  • - Lead and build a high-performance risk/analytics team
  • - Set weekly performance rhythms
  • - Ensure dashboards are decision-grade
  • - Review analysis rigorously
  • - Maintain strong data governance
  • We expect someone who:
  • - Gets into SQL when needed
  • - Reviews modelling logic
  • - Challenges assumptions
  • - Doesn’t hide behind slides
  • This is a builder role.
  • What Success Looks Like (12 Months)
  • - Portfolio scaled profitably
  • - ECL/Revenue within risk appetite
  • - Positive portfolio NPV under stress assumptions
  • - Strong experimentation culture embedded
  • - Clear policy governance framework
  • - iOS portfolio positioned for multi-market scaling

Requirements

  • - 6–10+ years in consumer credit risk
  • - Strong exposure to African lending markets (Nigeria preferred)
  • - Proven ownership of GP and ECL
  • - Experience scaling digital portfolios
  • - Advanced knowledge of:
  • - PD / LGD / EAD frameworks
  • - Roll-rate modelling
  • - IFRS9 concepts
  • - NPV modelling
  • - Pricing optimisation
  • -
  • - Strong SQL and analytical tooling comfort
  • - Deep A/B experimentation experience
Benefits
  • - 25 days paid vacation, Sick & Public Holidays to B2B contractors.
  • - Remote (timezone must have significant overlap with CET).
  • - Training & Development budget.
  • - Paid company business trips.
  • **Recruitment Process**
  • - Screening call with Recruiter: 45 minutes.
  • - Technical Interview with Chief Credit Officer
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
consumer credit riskGross Profit (GP)Expected Credit Loss (ECL)PDLGDNPV modellingpricing optimisationA/B testingroll-rate modellingIFRS9 concepts
Soft Skills
team leadershipanalytical excellencedecision-making under uncertaintydata governanceperformance managementhypothesis-driven approachcommunicationcollaborationcritical thinkingproblem-solving