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Senior Product Manager - Banking at FairMoney

NEW
Location
Remote
Job type
Full time
Posted 1 day ago
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


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Why work at FairMoney

FairMoney is more than just a financial technology firm; it is a community dedicated to redefining the financial landscape for individuals and businesses alike. As a prospective employee, you won’t just find a job here; you'll forge a career path with a company committed to innovation, inclusivity, and impactful change. FairMoney values diversity and inclusion, believing that varied perspectives foster creativity and drive better business outcomes. Working at FairMoney means joining a team that is passionate about making financial services accessible to everyone through technology, ensuring that underserved populations have easier, more affordable access to banking services.

The company is a visionary in leading digital banking and is dedicated to fostering a supportive and collaborative work environment. Employees are encouraged to develop both professionally and personally through continuous learning opportunities. FairMoney actively invests in the growth of its employees by offering a range of programs including mentorship, workshops, and career advancement paths that cater to individual aspirations.

As an organization, FairMoney offers the flexibility and agility of remote work, allowing employees to maintain a healthy work-life balance. This flexibility doesn't just stop at location; it includes adaptive working hours, which is a testament to FairMoney’s commitment to employee well-being. The culture at FairMoney thrives on open communication; every employee is encouraged to voice their thoughts and ideas, knowing that each contribution is valued and can make a tangible difference.

What's it like to work at FairMoney

Working at FairMoney is an exhilarating ride through a fast-paced yet supportive environment where innovation meets practicality. Each day brings new challenges, new learning opportunities, and an abundance of chances to make a meaningful impact. Teams at FairMoney are highly collaborative, bringing together a diverse array of talents and expertise. The company values cross-departmental collaborations, ensuring that knowledge and skills are shared across the board, which enhances the quality and efficiency of their banking solutions.

Employees are provided with the tools and resources needed to excel in their roles, from advanced technological systems to a leadership team that remains approachable and dedicated. FairMoney celebrates successes big and small, understanding that every achievement contributes to the overall mission. Regular meetings and open forums ensure that transparency is maintained, and every individual is kept abreast of the company’s direction and objectives.

Moreover, the emphasis on employee well-being is evident through the comprehensive benefits package that includes wellness programs, competitive leave allowances, and health plans that cater to the diverse needs of employees. FairMoney fosters a culture of recognition and reward, taking the time to celebrate individual and team accomplishments in innovative ways that promote camaraderie.

What's it like to work as a Senior Product Manager - Banking at FairMoney

As a Senior Product Manager - Banking at FairMoney, you hold a pivotal role in shaping the future of digital financial services. Your efforts are directed toward creating intuitive, scalable banking products that align with FairMoney’s mission to democratize financial access. In this role, you will lead and inspire teams to design products that reflect a deep understanding of customer needs and market trends. You will collaborate closely with engineers, designers, and other product managers to bring innovative banking solutions to life.

Your role will involve strategic planning, prioritizing product features, and setting ambitious benchmarks for product success. Each day is an opportunity to solve complex problems, leverage data to make informed decisions, and learn from your customer interactions. As you manage the entire product lifecycle, you will have the autonomy to implement your strategic vision while receiving support from a talented team of colleagues.

FairMoney ensures that you have access to continuous learning and development opportunities, providing workshops and other professional growth resources tailored to enhance your existing skills and inspire new ones. Being a part of the product management team means being at the forefront of innovation, ensuring that FairMoney’s banking services are at the cutting edge of technology and user experience. The role requires a proactive mindset, tenacity, and a passion for improving financial systems, making it both challenging and exceptionally rewarding.

Senior Product Manager - Banking interview questions at FairMoney

Preparing for an interview for the Senior Product Manager - Banking position at FairMoney involves understanding the multifaceted nature of the role. Here are questions you might encounter:

  1. Describe your experience with managing banking products. How have your previous roles prepared you for this position at FairMoney?
  2. Can you discuss a challenging situation you faced in product management and how you overcame it?
  3. How do you prioritize features for a new product? What frameworks or methodologies do you use?
  4. How do you ensure that a product aligns with the overall business goals and customer needs?
  5. Discuss a time when you had to make a data-driven decision in product development. What was the outcome?
  6. FairMoney values innovation; how do you incorporate innovative solutions in your product strategies?
  7. Explain your process for collaborating with cross-functional teams. How do you ensure smooth communication and task delegation?

Senior Product Manager - Banking interview preparation at FairMoney

To prepare effectively for your Senior Product Manager - Banking interview at FairMoney, it is crucial to:

  1. Review the Company’s Mission and Products: Understand FairMoney’s core mission and explore their current product offerings. Being familiar with their existing solutions will help you discuss how you can contribute to their growth and development.

  2. Understand the Financial Technology Landscape: Be ready to discuss trends and challenges in fintech, particularly related to banking products, and how they might influence FairMoney’s future strategies.

  3. Stay Technologically Informed: As Fintech is heavily tech-driven, remain abreast of new technologies that can be applied to banking solutions.

  4. Reflect on Past Experiences: Identify key experiences from your past roles that align with the responsibilities of the Senior Product Manager position. Be prepared to discuss these with examples of relevant achievements.

  5. Practice Common Product Management Scenarios: Familiarize yourself with common product management scenarios and solutions that can demonstrate your problem-solving abilities.

Senior Product Manager - Banking interview tips at FairMoney

To thrive in your interview for the Senior Product Manager - Banking role at FairMoney, consider these tips:

  1. Be Customer-Centric: Highlight how you place the customer at the heart of product development and your ability to empathize with user experiences.

  2. Demonstrate Strategic Vision: Show how your foresight and planning will contribute to achieving FairMoney’s long-term goals.

  3. Showcase Collaboration Skills: Emphasize your experience working with cross-functional teams and how you overcame challenges to deliver products.

  4. Communicate Clearly and Effectively: Ensure your responses are concise and well-structured, reflecting your capability to manage complex information and communicate with diverse stakeholders.

  5. Prepare Intelligent Questions: At the end of the interview, ask thoughtful questions that show your genuine interest in the role and FairMoney as a company.

By following this comprehensive guide and putting effort into your preparation, you're well on your way to making a strong impression and potentially securing a role with FairMoney.