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Senior Product Manager - Banking at FairMoney

Location

Remote

Job type

Full time

Posted on 28 Dec

Description

About the job

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.

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.

FairMoney thrives on its diverse workforce, bringing together talent from over 27 nationalities. This multicultural team drives the company's mission of reshaping financial services for underserved communities.To gain deeper insights into FairMoney's pivotal role in reshaping Africa's financial landscape, we invite you to watch informative video.

Role Overview: The Senior Product Manager for our Neobanking division will play a crucial role in devising and implementing strategies for our banking products. This position demands an expert understanding of digital banking trends, regulatory environments, and the unique financial needs within the African market.

Key Responsibilities:

1.Product Strategy and Vision:

Craft a compelling product strategy for the Neobanking division that aligns with Fairmoneyʼs overarching business goals.
Scout and prioritize market opportunities to ensure our banking products are competitive and address the needs of a dynamic fintech environment.

2. Product Roadmap Management:

Work collaboratively with teams across Engineering, Marketing, UX/UI Design, Data Analytics, and Operations to develop a cohesive and feasible product roadmap.
Continuously evaluate and adjust the roadmap in response to market shifts, consumer feedback, and strategic priorities.

3. Customer Insights and Analysis:

Execute detailed market research and customer analyses to extract insights that inform product decisions and enhance customer engagement and satisfaction.
Leverage analytics to refine product features and ensure alignment with user expectations and business objectives.

4. Product Development and Launch:

Supervise the entire product lifecycle from ideation to market launch, guaranteeing quality, compliance, and alignment with customer expectations.
Ensure seamless collaboration across functional teams to achieve product delivery within set timelines and budget.

5. Risk Management and Compliance:

Coordinate closely with the Compliance and Risk management teams to ensure all banking products comply with legal standards and ethical norms.
Develop strategies to mitigate risks and secure the interests of both customers and the business.

6. Performance Tracking and Optimisation:

Establish and monitor critical performance indicators to measure product success and market penetration.
Iterate and enhance product offerings based on rigorous analysis and customer feedback.

7. Team Leadership and Development:

Lead, mentor, and build capabilities within the product management team to foster a culture of innovation and excellence.
Define clear team goals, offer consistent feedback, and support career development.

Requirements

Bachelor's degree in Business, Finance, Computer Science, or related field; Masterʼs preferred.
Extensive experience as a Product Manager Leader within the banking or fintech sectors.
Comprehensive understanding of digital banking products, including mobile banking, API-driven banking services, and customer engagement tools.
Strong analytical skills with a proficiency in data analysis tools such as SQL, Python, and Excel.
Deep familiarity with the Nigerian and broader African fintech landscapes; knowledge of local banking regulations and customer behaviors is highly advantageous.
Exceptional leadership and communication skills, with a proven ability to manage high-performing teams in a fast-paced environment.
Innovative and entrepreneurial mindset, with a commitment to hands- on problem-solving and a data-driven approach.

Join us at Fairmoney and help drive the evolution of banking in Africa with cutting-edge digital solutions and superior user experiences. If you are a visionary in fintech with a passion for digital transformation in banking, we are eager to welcome you aboard.

Benefits

Private Health Insurance
Pension Plan
Training & Development
Remote work
Paid Time Off

Recruitment Process

HR Screening-30 minutes
Technical interview with the product team: 60 minutes
Assignment (takeaway)
Final interview with Director of Product: 60 minutes

FairMoney

fairmoney.io

500+

AI-First Product Management

Next batch starts on 28 Feb

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fairmoney.io

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Frequently Asked Questions

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Why Work at FairMoney

FairMoney is a leading financial technology company focused on creating innovative digital products that empower people and businesses to achieve financial success. As an employer, FairMoney is dedicated to providing a supportive and dynamic work environment where employees can thrive both professionally and personally. One of the key advantages of working at FairMoney is the company's commitment to diversity and inclusion. It believes that a diverse workforce is crucial to fostering innovation and generating creative solutions. Every team member, regardless of their role, is encouraged to bring their unique perspectives and ideas to the table.

FairMoney is also keen on professional development, offering numerous opportunities for career growth and learning. From professional training programs to mentorship and leadership development, the company ensures that every employee has the tools and resources necessary to advance in their career. Moreover, the inclusive culture at FairMoney promotes work-life balance, recognizing the importance of flexibility in today's fast-paced world. Remote work options are available, allowing employees to maintain harmony between their personal lives and professional responsibilities.

What's it Like to Work at FairMoney

Working at FairMoney is a rewarding experience characterized by collaboration, innovation, and a constant pursuit of excellence. Employees are encouraged to think outside the box and challenge the status quo, making FairMoney an ideal workplace for those who thrive on creativity and problem-solving. The company’s open-door policy fosters a culture of transparency and communication, ensuring that everyone is informed and engaged with the organization's goals and strategies.

The workplace environment is vibrant and fast-paced, where teamwork is at the core of operations. As part of the FairMoney family, employees enjoy a sense of belonging and purpose, knowing that their work directly contributes to helping individuals and businesses achieve financial security and independence. The company also prioritizes employee well-being, offering a range of health and wellness benefits, as well as initiatives aimed at ensuring a healthy work environment.

What's it Like to Work as a Senior Product Manager - Banking at FairMoney

Being a Senior Product Manager - Banking at FairMoney involves leading and defining the roadmap for banking products that cater to the needs of a diverse customer base. The role is pivotal in driving the strategic direction of FairMoney's banking offerings, creating innovative solutions that not only meet market demands but also set new standards in the financial technology industry. As a Senior Product Manager, you will collaborate with cross-functional teams, including engineering, marketing, and operations, to deliver products that exceed customer expectations and create a competitive edge in the market.

The role demands a high level of expertise in product management, with a focus on banking solutions. You will be responsible for identifying customer needs, analyzing market trends, and guiding product development from conception to launch. The dynamic and supportive environment at FairMoney ensures that you have the resources and autonomy needed to succeed in your role, making it an enriching and fulfilling position for experienced product managers.

Senior Product Manager - Banking Interview Questions at FairMoney

The interview process for the Senior Product Manager - Banking position at FairMoney is designed to assess not only technical qualifications but also cultural fit and strategic acumen. Candidates can expect questions related to their past experiences in product management, particularly in the banking industry. Interviewers may inquire about specific projects you have led, your approach to problem-solving, and how you handle challenges in product development.

Example questions include:

Can you describe a successful product you have managed from ideation to launch in the banking sector?
How do you prioritize features during product development?
How do you gather and incorporate customer feedback to refine a banking product?
Can you provide an example of a time when you had to pivot a product strategy?
How do you stay current with trends in the banking and financial technology space?

Senior Product Manager - Banking Interview Preparation at FairMoney

Thorough preparation is key to succeeding in the interview process for the Senior Product Manager - Banking role at FairMoney. Candidates should familiarize themselves with FairMoney’s products, mission, and values to understand how they can contribute to the company's success. It's essential to have a strong grasp of product management principles and an understanding of the latest trends in the banking industry.

Preparation tips include:

Reviewing your past projects and being ready to discuss them in detail.
Staying informed about current products and innovations in the industry.
Practicing responses to behavioral questions to demonstrate leadership and strategic thinking.
Understanding the competitive landscape and FairMoney’s position within it.

Senior Product Manager - Banking Interview Tips at FairMoney

To excel in the interview, candidates should focus on demonstrating their strategic vision, leadership skills, and ability to drive innovation in banking products. It's important to convey your passion for the industry and commitment to advancing FairMoney’s product offerings.

Additional tips:

Articulate your thoughts clearly and concisely.
Be prepared to discuss your approach to team collaboration and influencing cross-functional stakeholders.
Demonstrate your problem-solving abilities by discussing specific examples of overcoming challenges or inefficiencies in product development.
Ask insightful questions about FairMoney’s culture, challenges, and future aspirations to show your genuine interest in the company and the role.

By preparing effectively and showcasing your skills and passion for the banking sector, you can make a strong impression in your interview at FairMoney.