Global Head of Risk

Summary

Join FairMoney as the Global Head of Risk and lead a team of 10+ in managing the company's overall risk profile. You will define risk appetite, manage the business within those parameters, and execute risk strategies to achieve company objectives. Key responsibilities include owning portfolio metrics, forecasting performance, driving new product decisions, leading collections strategy, and preventing fraud. This critical role requires extensive credit risk experience, strong analytical skills, and proven leadership capabilities. You will work closely with various teams, including data science and product, to optimize risk-adjusted returns and ensure compliance. Success in this role will directly impact FairMoney's strategic goals and profitability.

Requirements

• Overall 10 to 15 years of credit risk experience with exposure to Fintech / retail banking credit risk (consumer loans) / NBFCs
• History of managing companies through growth and recessionary periods
• Experience developing a vision and then instituting a data-driven, analytically rigorous framework and infrastructure to support credit decisions in payment products
• Experience in analytical skills like data science model development, NPV modeling, impairment forecasting, and setting up different A/B tests and building sensitivity analysis
• Proficient SQL user, with reasonable experience with BI tools like Tableau, Power BI, or similar
• Solid understanding of the key fraud types and methods in the fintech industry, as well as the respective prevention tools and methods
• Experience in launching new products and/or markets from scratch
• Strong quantitative analysis experience
• Strong attention to detail and ability to notice discrepancies in data
• Impeccable understanding of financial statements, ratios, and concepts
• Ability to get into details, roll up sleeves, and dive in where necessary
• Strong communication skills
• Strong people management skills
• Solid risk capabilities and expertise from a best-in-class risk setup

Responsibilities

• 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 workstreams 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 FairtToopers, scaling up the team as and when required

Preferred Qualifications

Preference for prior CRO / Head of Risk experience

Benefits

• Family Leave (Maternity, Paternity)
• Paid Time Off (Vacation, Sick & Public Holidays)
• Remote Work