FairMoney Credit Risk Analyst Job

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Are you a data-driven professional with a knack for numbers and financial analysis?

If you’re experienced in credit risk management and are passionate about fintech, the Credit Risk Analyst position at FairMoney Microfinance Bank might be the perfect role for you!

This opportunity offers a chance to work with a pioneering mobile banking institution that is expanding access to credit in emerging markets.

Job Title: Credit Risk Analyst

Location: Nigeria (Remote)
Job Type: Full-time
Department: Risk

What Does a Credit Risk Analyst Do at FairMoney?

As a Credit Risk Analyst at FairMoney, you’ll be a vital part of the Risk team, ensuring that the company’s credit portfolio performs optimally. Your mission? To drive portfolio growth while maintaining low default rates and maximizing profitability. Here’s what you’ll be responsible for:

  • Managing Key Metrics: Own critical metrics such as default rates, acceptance rates, and profitability.
  • Optimizing Underwriting Processes: Work on improving the underwriting funnel to ensure a smooth process for new clients.
  • Collaboration with Cross-functional Teams: Collaborate daily with Data Science, Debt Collection, and Growth teams.
  • Risk Policy Management: Develop and maintain a credit risk policy that aligns with FairMoney’s overall objectives.
  • Stakeholder Communication: Present performance results and insights to various stakeholders.
  • Product Development: Work closely with the Product and Engineering teams to enhance FairMoney’s lending product.

By managing these responsibilities, you’ll help FairMoney grow into a Tier 1 digital lender in Nigeria.

Key Skills and Experience Needed

To thrive in this role, you’ll need a mix of technical and analytical expertise. FairMoney is looking for someone with:

  • Credit Risk Experience: At least 2 years of experience in credit risk, ideally within fintech, retail banking, or non-banking financial companies (NBFCs).
  • Proficiency in SQL: You must be adept in SQL and experienced with BI tools such as Tableau or PowerBI.
  • Quantitative Skills: Strong analytical skills with a deep understanding of financial statements, ratios, and credit risk principles.
  • Attention to Detail: Ability to spot discrepancies in data and understand their significance.
  • Communication Skills: Clear and effective communication is key for conveying insights and findings to the team.

Application Process

Interested in applying for the Credit Risk Analyst position? Here’s what you can expect:

  1. Screening Interview: A 30-minute interview with a Talent Acquisition team member to assess your background.
  2. Take-home Assignment: A practical task to showcase your technical and analytical skills.
  3. Technical Interview: A 45-60 minute interview with Risk Managers to review your assignment and discuss technical aspects of the role.
  4. Final Interview: A 45-minute conversation to dive deeper into your experience and cultural fit with the team.

How to Apply

Are you ready to help FairMoney become a leading digital lender? Click here to apply now and start your journey as a Credit Risk Analyst!

What is FairMoney?

FairMoney is a mobile banking company founded in 2017 that focuses on providing credit and financial services to emerging markets, especially in Nigeria. With backing from global investors like Tiger Global, DST, and Flourish Ventures, FairMoney has raised nearly €50 million and operates in several countries, including France, Nigeria, Germany, the UK, Türkiye, and India.

FairMoney is on a mission to make lending easy, fast, and accessible, and their Credit Risk Analyst team plays a critical role in this effort.

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