Credit Risk Analyst/Credit Underwriter

 Published 12 days ago
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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

You will be working as Risk Analyst in the Risk department and will be responsible for driving the growth of our portfolio in Nigeria. Your mission is to ensure portfolio performance according to the company OKRs, offering the best-tailored credit services to as many clients as possible. Your goal is to build FairMoney as a Tier 1 digital lender in Nigeria and you will be a key Business Partner to achieve the same.

As the Risk Analyst for the Nigerian business, you will be part of a team that plays a critical role in managing FairMoney's ability to grow in the market. You will be one of the key stakeholders and contributors in decisions revolving around the business and product strategies.

Roles and Responsibilities:

  • Own the main portfolio metrics - default rates, acceptance rates and profitability.
  • Contribute to underwriting funnel improvements.
  • Collaborate with Data Science, Debt Collection and Growth teams on a daily basis.
  • Work closely with the Product and Engineering team on improvements for the lending product.
  • Build, improve and maintain the credit risk policy for Nigeria that will allow growing the portfolio according to company OKRs.
  • Communicate the performance results and other findings with the respective stakeholders.
  • Keep up to date with the company’s lending protocols.
  • Benchmarking current risk practices against those stipulated within business units.
  • Implementing the best possible methodologies in improving credit performance, considering the risk associated, yet offering the prime credit facility.


  • A minimum of 2 years of relevant experience in Credit Risk with exposure to Fintech / retail banking credit risk (consumer loans) / NBFCs.
  • Expert in credit risk analysis/underwriting principles, methods, and practices.
  • Proficient SQL user, with reasonable experience with BI tools like Tableau, PowerBI, or similar.
  • Working Knowledge of Python or R along with exposure to Model development (e.g., PD Models)
  • Strong quantitative analysis experience.
  • Strong attention to detail and ability to notice discrepancies in data.
  • Impeccable understanding of financial statements, ratios, and concepts.
  • Strong communication skills.


  • Training & development
  • Health insurance
  • Flexibility to work from anywhere you want (home, office or both)

Recruitment Process

  • A screening interview with one of the members of the Talent Acquisition team for 30 minutes.
  • Assignment (Takeaway)
  • Assignment review and a technical interview with Risk Managers for 45-60 minutes.
  • Final Interview 45 minutes.

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