Global Head of Risk

Global Head Of Risk

Fair Money is a credit‑led mobile bank for emerging markets. The company was launched in 2017, operates in Nigeria, Zambia, and Uganda, and raised close to 50m from global investors like Tiger Global, DST, and Flourish Ventures. You will be working as a Global Head of Risk in our Risk division, which is now composed of 10+ people in Lagos, Bangalore, South Africa, Latvia, and remotely across the globe.

Watch the way Fair Money is building Africa's money story here.

You will be working as Fair Money's Head of Risk, managing the Risk department and being critically responsible for Fair Money's overall success.

Your mission is to ensure portfolio performance according to the company's OKRs, and risk appetite, and offer the best‑tailored credit services across our multiple value propositions.

Your goal is to successfully execute Fair Money strategies, achieving optimal profitability and creating sustainable access to credit for all.

This is a critical role, highly visible with significant exposure to business leaders and the leadership team. All Fair Money strategies and execution thereof interact with and are influenced by the Risk team's strategies, rules, and decisions. Fair Money ultimately succeeds by what you and your team deliver. Your role is to lead Fair Money in delivering value, achieving targets, and delivering risk‑adjusted returns.

• Define risk appetite for the company that is approved by Senior Leadership and the board.
• Manage the business within risk appetite.
• Using analytics, test and learn strategies, set and execute all risk strategies that enable achievement of company OKRs.
• Own the main portfolio metrics - default rates, acceptance rates, collection rates, retention rates, and profitability.
• Forecast, monitor, and deliver insights on portfolio performance and ECL / impairment results and trends.
• Drive the decision of new risk product updates in terms of product offerings and underwriting funnel improvements.
• Lead the company in understanding NPV and unit‑level economics. Deliver strategies that optimize trade‑offs and deliver business success and optimize lifetime value.
• Design and execute collections strategy.
• Lead the company in its fraud prevention work streams both from the product setup and underwriting policy perspective fully defining fraud strategies and risk appetite.
• Own and drive the risk‑related product roadmap with tech and product teams working closely together with the Product and Engineering team on improvements for the lending product, data, and risk strategies.
• Build, improve, and maintain risk policies.
• Chair the credit committee reporting back to stakeholders, the senior leadership team, and the Board.
• Stay up to date on regulatory changes and rules. Ensure compliance. Where applicable support audits and influence regulation changes.
• Work closely with the Data Science team and their priorities ensuring world‑class tools are used and decisions are always optimal.
• Mentoring and coaching talented Fairt Toopers, scaling up the team as and when required.