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Head of Product - Bank



Lagos, Nigeria
Posted on Saturday, July 22, 2023

FairMoney is a credit-led mobile bank for emerging markets. The company was launched in 2017, operates in Nigeria & India, and raised close to €50m from global investors like Tiger Global, DST & Flourish Ventures. The company has offices in France, Nigeria, Germany, Latvia, the UK, Türkiye, and India.

You will be working as a Software Engineer in our Technology Division, which is now composed of 75+ people in Lagos, Bangalore, Paris, Türkiye, and remotely across the globe.

We are building Engineering centers of excellence across multiple regions and are looking for smart, talented, driven engineers. This is a unique opportunity to be part of the core engineering team of a fast-growing fintech poised for more rapid growth in the coming years.

Watch the way FairMoney is building Africa's money story here

About The Role:

We are seeking an experienced and dynamic Head of Product to join our growing POS merchant & agency business in Nigeria. As we embark on our transformation journey to become a leading business bank in addition to our core POS services, we need a visionary leader who possesses a deep understanding of fintech, core payment systems, and business banking. The ideal candidate will play a crucial role in shaping our product strategy, driving innovation, and delivering exceptional financial services to merchants and businesses across Nigeria and other parts of Africa as we expand

Roles and Responsibilities:

1. Product Strategy: Develop and execute a comprehensive product strategy that aligns with the company's vision of becoming a leading business bank. Identify growth opportunities, market trends, and customer needs to enhance our product offerings.

2. Fintech Expertise: Leverage fintech knowledge and industry insights to drive product innovation and digital transformation. Identify emerging technologies that can improve our financial services and optimise business processes.

3. Business Banking Expansion: Lead the expansion of our product portfolio to include business banking services such as deposits, lending, trade finance, and other financial solutions tailored to meet the needs of small and medium-sized businesses.

4. Core Payment Solutions: Oversee the enhancement and maintenance of our core payment systems, including POS terminals, to ensure seamless and secure transactions for our customers.

5. Market Research: Conduct market research and competitive analysis to understand customer preferences, identify market gaps, and inform product development decisions.

6. Customer-Centric Approach: Champion a customer-centric approach to product development, ensuring that all initiatives are focused on delivering value and an exceptional user experience to our merchant and business customers.

7. Cross-Functional Collaboration: Collaborate closely with engineering, design, marketing, and operations teams to deliver new products and features in a timely manner.

8. Regulatory Compliance: Stay updated on relevant financial regulations and ensure that our products and services adhere to all compliance requirements.

9. Performance Tracking: Define key performance indicators (KPIs) and metrics to track the success of new product launches and overall product performance.

10. Team Leadership: Build and lead a high-performing product team, fostering a culture of innovation, collaboration, and continuous improvement.

  1. Bachelor's or Master's degree in Business, Finance, Computer Science, or a related field.
  2. Proven experience 5+ in fintech, product management, and business banking, preferably in the Nigerian or African market or emerging markets
  3. Strong understanding of core payment systems, financial technologies, and digital banking platforms.
  4. Track record of successfully launching and scaling financial products and services.
  5. Excellent strategic thinking, problem-solving, and decision-making abilities.
  6. Strong leadership skills with the ability to motivate and inspire cross-functional teams.
  7. Exceptional communication and interpersonal skills.
  8. Experience with regulatory compliance in the financial services industry.
  9. Flexibility to adapt to a fast-paced and evolving business environment.
  10. Passion for driving financial inclusion and making a positive impact on businesses and communities.

Location: The position is open to candidates in Nigeria or other locations globally.

We look forward to welcoming a visionary Head of Product who will play a key role in shaping our company's future as a leading business bank while continuing to excel in the POS agency business. If you believe you have the expertise and passion for this role, we encourage you to apply and be part of our exciting journey!

  • Private Health Insurance
  • Paid Time Off
  • Pension Plan
  • Work From Home
  • Training & Development

Recruitment Process

  • Screening call with a member of the recruitment team for 30 minutes.
  • Technical interview with members of the product team for 45-60 minutes.
  • Assignment (takeaway).
  • Interview with key stakeholders for 45-60 minutes.