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Corporate Banking Lead

FairMoney

FairMoney

Lagos, Nigeria
Posted on Thursday, July 4, 2024

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

Fairmoney is seeking a dynamic and results-driven Corporate Banking Lead to join our SME Banking team. The successful candidate will be responsible for building and maintaining relationships with Small and Medium Enterprise (SME) clients, providing tailored financial solutions, and driving business growth. This role requires a strong understanding of SME needs and challenges, excellent communication skills, and a proactive approach to client management.

Key Responsibilities:

Client Relationship Management:

  • Develop and maintain strong, long-term relationships with SME clients.
  • Understand client's business operations, financial needs, and goals.
  • Provide personalized financial advice and solutions to meet client needs.
  • Conduct regular client meetings to review financial performance and update on new products/services.

Business Development:

  • Deposit mobilzation in line with set targets and business plan.
  • Identify and pursue new business opportunities within the SME segment.
  • Develop and implement strategies to acquire new clients and grow existing relationships.
  • Collaborate with internal teams to ensure seamless onboarding and servicing of clients.
  • Achieve sales targets and contribute to the overall profitability of the SME banking division.

Product and Service Expertise:

  • Stay informed about Fairmoney's products and services, as well as industry trends and developments.
  • Present and explain banking products, such as loans, credit lines, and cash management services, to clients.
  • Work with product teams to tailor solutions that meet specific client requirements.

Risk Management and Compliance:

  • Assess and monitor the creditworthiness of clients.
  • Ensure all client interactions and transactions comply with regulatory requirements and Fairmoney's policies.
  • Prepare and submit credit proposals and documentation for approval.
  • Monitor and manage the risk profile of the client portfolio.

Market and Competitor Analysis:

  • Conduct market research to identify trends and opportunities in the SME sector.
  • Analyze competitors' offerings and market positioning to refine strategies and value propositions.
  • Provide feedback to management on market conditions and client needs.