At a Glance
- Tasks: Lead and scale our iOS lending portfolio, driving impactful credit policy and experimentation.
- Company: Join FairMoney, a pioneering mobile banking institution transforming financial services in emerging markets.
- Benefits: Enjoy 25 days paid vacation, remote work, and a training budget for your professional growth.
- Other info: This is a builder role with excellent career growth opportunities in a dynamic environment.
- Why this job: Make a real impact on financial inclusion while working with a diverse, multicultural team.
- Qualifications: 6–10+ years in consumer credit risk with strong analytical skills and experience in African lending markets.
The predicted salary is between 80000 - 100000 £ per year.
Fair Money 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, Fair Money 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 i OS devices.
Today, Fair Money 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.
Fair Money 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 Fair Money'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 i OS (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
- i OS portfolio positioned for multi-market scaling
- 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
- 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
StudySmarter Expert Advice🤫
We think this is how you could land Remote Lead Risk Manager in Crawley
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Grabjobs looking for candidates who are engaged and informed.
We think you need these skills to ace Remote Lead Risk Manager in Crawley
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Grabjobs. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Grabjobs
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Grabjobs’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
