Senior Credit Risk Analyst

Job description

About the job

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.

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.

To gain deeper insights into FairMoney’s pivotal role in reshaping Africa’s financial landscape, we invite you to watch this informative video.

About the role

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.

Role 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 5 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

Recruitment Process

Screening interview with a Senior Recruiter- 30 minutes
Technical Assessment
Technical Interview with the Lead Risk Manager for 45-60 minutes.