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 and SQL skills.
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 Woking
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We think you need these skills to ace Remote Lead Risk Manager in Woking
Some tips for your application 🫡
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How to prepare for a job interview at Grabjobs
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