Head of Risk

FairMoney is hiring!

About

FairMoney is building the leading mobile bank for emerging markets.

They started with a digital microcredit application on Android, and currently roll out additional financial services (current account, savings, debit card) while expanding the product to Western Africa and South-East Asia.

So far they disbursed close to 500,000 microloans and give more than 5000 loans daily. They are backed by top notch US/EU investors and have raised 15m EUR + Venture Capital supporting our stellar growth.

They are a team of 45 between Paris and Lagos in Engineering (Android, Data, Backend), Product, Marketing, Customer Service and Operations.

Job Description

We are looking for a Head of Risk to join our team in Paris. The mission is to build scorecards in order to improve and sustain the companies profitability by focusing on credit risk, fraud, optimising customer profitability and long term growth. This is a unique opportunity to build out the risk practice at an Emerging Market lender from scratch alongside a strong data science and product team.

What you will do:

  • Design and build our risk and profitability models. These are used for underwriting loans, fighting fraud, setting product pricing, segmenting customers, and predicting portfolio performance.

  • Build and design scorecards across all aspects of the Credit Cycle.

  • Analyse the performance of these statistical models and their associated business rules, and propose how they should be set to achieve the desired risk-reward outcomes and profitability targets.

  • Propose data-driven product changes to improve customer experience and company profitability, and partner with the Product, Data Science and Engineering teams to implement your solutions in production.

  • Define an underwriting and acceptance strategy that delivers on the longer run toward growth and profitability

  • Monitor the portfolio to identify trends, and lead meetings to share performance updates and analysis

  • Full ownership of the following KPIs - NPL (non performing loans), loan profitability and volume

Preferred Experience

Your technical skills:

  • Strong understanding of the risk sector, with significant experience in scorecard development.
  • Strong mathematical and statistical background, with knowledge of modelling techniques.
  • Strong skills using R or Python for analysing moderately large datasets, and have a good working knowledge of SQL- Minimum 5 Years of Experience
  • Experience in the consumer lending industry is a must

Recruitment Process

1) Phone call with CEO
2) Technical test with Data Team + CTO
3) Meet the Team

Additional Information

  • Contract Type: Full-Time
  • Start Date: 30 November 2019
  • Location: Paris, France (75006)
  • Education Level: Master's Degree
  • Experience: > 5 years
  • Occasional remote authorized