Remote Job at Fairmoney Microfinance Bank

Applications are invited from interested and qualified candidates to apply for Remote Job at Fairmoney Microfinance Bank.

FairMoney Nigeria is a digital platform in Nigeria that allows users to access instant loans in minutes through its Android app.

Working with FairMoney provides employees with the best organizational culture, good and convenient working conditions with benefits. FairMoney operates a number of branches that cut across most of Nigeria’s geopolitical zones in major cities such as Lagos, Port-Harcourt, Abuja, Onitsha, Enugu, Uyo, and Kano.

Individuals interested in the Job at Fairmoney Microfinance Bank should review the details, requirements, and application process provided below.

Lead Risk Manager & Portfolio Owner

Specifications:

• Full Time | Remote
• Required Qualifications: BA/BSC/HND 
• Location: Nigeria. See other Jobs in Lagos
• Category: Tech Jobs
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Description:

• We are hiring a Lead Risk Manager & Portfolio Owner to run FairMoney’s Android Quick Loans portfolio in Nigeria. Android is a mature, high-volume and strategically important lending portfolio.
• This is a mini-CEO role for the portfolio: you will be the delegated day-to-day owner of its commercial, economic, risk and people outcomes.

Responsibilities
Portfolio economics and business planning:

• 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, FPD, roll rates, PAR, NPL, repeat value and CAC payback
• Partner with Finance and Portfolio Economics on loan-level and customer-level NPV, funding efficiency and performance attribution.

End-to-end Android credit strategy

• Own and continuously improve strategy across:
  • New-to-Bank: low-and-grow origination, first-loan ticket, tenure, pricing and risk controls
  • Returning: repeat eligibility, behavioural strategy, offer construction and exposure growth
  • Top-Ups and Internal Consolidation: eligibility, incremental exposure, pricing, conversion and post-event risk
  • High-risk segments: risk-box clean-up, pricing, short-tenure treatment and exposure caps
  • Rejected-customer re-entry: controlled requalification using risk, affordability and alternative data
• You will own the commercial application of PD cut-offs and calibration, pricing, offers, tenure, exposure limits, affordability, income-source treatment, fraud overlays, MBS treatments and customer-routing logic.

Affordability, experimentation and production delivery:

• 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.

Delegated decision rights:

• Within agreed appetite, budgets and authority, you will be empowered to:
  • 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
  • Escalate and resolve delivery blockers
• You will 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.

Team and cross-functional leadership:

• 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 these partners around clear briefs, owners, timelines and expected economic impact.

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Qualifications and Requirements::

• 6+ years in consumer credit risk, credit strategy or lending portfolio management
• Proven ownership of a material lending portfolio or product line, including revenue, GLB, risk and profitability
• Experience building annual business plans, monthly forecasts and corrective action plans
• Strong digital unsecured-lending experience; Nigerian or broader African-market experience is strongly preferred
• Advanced understanding of PD, LGD, EAD, vintages, roll rates, IFRS 9/ECL, pricing, offers, tenure, exposure, affordability and NPV
• 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
• Strong executive communication and the confidence to challenge decisions with evidence.

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.

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How to Apply for Job at Fairmoney Microfinance Bank

Interested and qualified candidates for “Remote Job at Fairmoney Microfinance Bank” should click the APPLY HERE Green button below to start filling out the application form and submit it before the deadline.

Recruitment Process:

• A screening interview with one of the members of the Talent Acquisition team.
• Business Case Study
• Technical interview with Global Head of Android Lending
• Final Interview with Chief Credit Officer.

Deadline: Not Specified

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