Ultimate Lead Risk Manager & Portfolio Owner (Remote)

About FairMoney Microfinance Bank

FairMoney Nigeria is building the leading mobile bank for emerging markets. The company started with a digital microcredit application on Android, and currently rolls out additional financial services (current account, savings, debit card) while expanding the product to Western Africa and South-East Asia.

Lead Risk Manager & Portfolio Owner Job Summary (Remote)

This Lead Risk Manager & Portfolio Owner job is remote and open to senior candidates with extensive experience in consumer credit risk, credit strategy, or lending portfolio management. FairMoney is recruiting for this role to run its Android Quick Loans portfolio in Nigeria, described as a “mini-CEO” role for the portfolio, with delegated day-to-day ownership of its commercial, economic, risk, and people outcomes. It’s a strong fit for highly experienced fintech credit professionals ready to own a material lending portfolio end-to-end, from strategy through production delivery.

Quick Facts

• Job Title: Lead Risk Manager & Portfolio Owner
• Company: FairMoney Microfinance Bank
• Location: Remote (timezone must significantly overlap with CET)
• Application Deadline: Not specified

The Role

FairMoney is hiring a Lead Risk Manager & Portfolio Owner (Remote) to run its Android Quick Loans portfolio in Nigeria — a mature, high-volume, and strategically important lending portfolio. This is a mini-CEO role for the portfolio: the successful candidate will be the delegated day-to-day owner of its commercial, economic, risk, and people outcomes.

Core Job Functions for This Lead Risk Manager Role

Portfolio Economics and Business Planning:

• Own Android revenue, sustainable Gross Loan Book growth, risk-adjusted Gross Profit, economic profit, and credit-risk performance.
• Build and own the annual Android business plan and strategic roadmap.
• Produce monthly portfolio forecasts and maintain a clear bridge between actual performance, budget, and prior forecast.
• Diagnose material variances and drive corrective actions with clear owners and deadlines.
• Manage ECL, ECL/Revenue, approval and disbursal rates, Average Loan Size, tenure, exposure, FPD, roll rates, PAR, NPL, repeat value, and CAC payback.
• Partner with Finance and Portfolio Economics on loan-level and customer-level NPV, funding efficiency, and performance attribution.

End-to-End Android Credit Strategy:

• Own and continuously improve strategy across New-to-Bank origination, Returning customers, Top-Ups and Internal Consolidation, High-risk segments, and Rejected-customer re-entry.
• Own the commercial application of PD cut-offs and calibration, pricing, offers, tenure, exposure limits, affordability, income-source treatment, fraud overlays, MBS treatments, and customer-routing logic.

Affordability, Experimentation and Production Delivery:

• Help formalize and operationalise Android affordability using bank-statement/MBS signals, transaction behavior, SMS-derived estimates, declared income, and repayment history.
• Translate affordability into amount, tenure, price, exposure, Top-Up, and Consolidation decisions.
• Design controlled A/B, multivariate, and champion/challenger tests with explicit hypotheses, maturity windows, success measures, and rollback triggers.
• Translate strategy into decision-engine rules, parameters, and implementation requirements.
• Own replay, back-testing, validation, staged rollout, monitoring, and post-implementation review.

Delegated Decision Rights:

• Prioritize and sequence the Android portfolio roadmap, approve and launch controlled experiments, scale or roll back strategies, reallocate team capacity, and resolve delivery blockers within agreed appetite and authority.
• Escalate decisions that exceed delegated financial or risk thresholds, change company-level risk appetite, or materially affect another portfolio.

Team and Cross-Functional Leadership:

• Build and lead a senior Android credit-strategy team with clear workstream ownership.
• Establish strong weekly and monthly portfolio rhythms, and develop credible workstream owners and at least one portfolio deputy.
• Work closely with Decision Science, Product, Engineering, Growth, Finance, Portfolio Economics, Collections, Fraud, Compliance, Legal, Operations, and Customer Service.

Why This Lead Risk Manager Job Stands Out

This role offers:

• A high-impact, “mini-CEO” ownership position over a mature, high-volume lending portfolio
• Significant delegated decision-making authority across strategy, experimentation, and team allocation
• Direct exposure to advanced credit risk methodology (PD, LGD, EAD, IFRS 9/ECL) at scale
• A fully remote role with 25 days paid vacation, sick and public holidays for B2B contractors
• A Training & Development budget and paid company business trips

Requirements

• 6+ years in consumer credit risk, credit strategy, or lending portfolio management
• Proven ownership of a material lending portfolio or product line, including revenue, GLB, risk, and profitability
• Experience building annual business plans, monthly forecasts, and corrective action plans
• Strong digital unsecured-lending experience; Nigerian or broader African-market experience is strongly preferred
• Advanced understanding of PD, LGD, EAD, vintages, roll rates, IFRS 9/ECL, pricing, offers, tenure, exposure, affordability, and NPV
• Strong SQL capability and comfort with Python or equivalent analytical tooling
• Experience translating credit strategy into decision-engine rules and controlled production changes
• Evidence of building senior teams, developing successors, and leading complex cross-functional delivery
• Strong executive communication and the confidence to challenge decisions with evidence

Benefits

• 25 days paid vacation, sick and public holidays for B2B contractors
• Remote working (timezone must have significant overlap with CET)
• Training & Development budget
• Paid company business trips

Recruitment Process

• A screening interview with a member of the Talent Acquisition team
• Business Case Study
• Technical interview with the Global Head of Android Lending
• Final Interview with the Chief Credit Officer

How to Apply for This Lead Risk Manager Job

Interested and qualified candidates should click here to apply online.
Application Deadline: Not specified

Frequently Asked Questions About This Lead Risk Manager Job

Q: What qualifications are needed for this Lead Risk Manager & Portfolio Owner job?
A: 6+ years in consumer credit risk, credit strategy, or lending portfolio management, proven ownership of a material lending portfolio, strong SQL and Python (or equivalent) skills, and an advanced understanding of credit risk methodology such as PD, LGD, EAD, and IFRS 9/ECL.

Q: Where is this Lead Risk Manager job located?
A: The role is fully remote, requiring a timezone with significant overlap with CET.

Q: What does this role involve day-to-day?
A: The role covers owning Android portfolio economics and business planning, developing end-to-end credit strategy, leading affordability and experimentation initiatives, exercising delegated decision rights, and leading a cross-functional senior credit-strategy team.

Q: How do I apply, and when is the deadline?
A: Apply online by clicking the application link. No application deadline was specified. The recruitment process includes a screening interview, a business case study, a technical interview, and a final interview with the Chief Credit Officer.

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