Description

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

The Risk Manager is a multifaceted role responsible for managing and monitoring various risk types within the organization, including operational, market, enterprise, and credit risks. This position involves developing and implementing risk management strategies, policies, and procedures to ensure the effective identification, assessment, and mitigation of risks across all business units and functions.

Key Responsibilities:

• Identify, assess, and prioritize operational, market, enterprise, and credit risk within the organization.
• Develop and implement risk management frameworks, policies, and procedures tailored to each risk type.
• Conduct risk assessments, stress testing, and scenario analyses to evaluate potential impacts on the organization.
• Monitor key risk indicators and metrics to identify emerging risks and trends across all risk categories and lending departments, to implement risk mitigation strategies and controls.
• Provide guidance and support on risk management best practices to internal stakeholders at all levels.
• Prepare and present risk reports and updates to senior management and relevant committees, highlighting key risk exposures and mitigation efforts.
• Stay abreast of industry trends, regulatory developments, and emerging risks impacting the organization's risk profile.

Requirements

• Bachelor's degree in business, finance, accounting, or related field; advanced degree is a plus.
• Relevant professional certifications such as Certified Risk Manager (CRM), Certified Financial Risk Manager (FRM), Certified Credit Risk Manager (CCRM) is a plus.
• Proven experience in risk management within the financial services industry, with expertise in operational, market, enterprise, and credit risk management.
• Strong analytical skills with the ability to assess complex risks and develop effective mitigation strategies across multiple risk types.
• Excellent communication and interpersonal skills with the ability to collaborate effectively with cross-functional teams and interact with stakeholders at all levels.
• Proficiency in risk management software and tools, with the ability to leverage data analytics and modeling techniques to support risk management efforts.