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.