Government Relations Director at Renmoney

Position Summary

• The Government Relations (GR) Director will be responsible for building and maintaining strong relationships with regulatory bodies, policymakers, and government agencies to support the bank's business objectives. The role will involve monitoring regulatory developments and ensuring compliance. The GR Director will act as a strategic enabler for Renmoney's growth ambitions, including securing a national license, launching new products and supporting geographical expansion by proactively engaging regulators to remove barriers.

Key Responsibilities

Stakeholder Engagement

• Develop and maintain strong relationships with government ministries, regulatory agencies (e.g., CBN, NDIC, NIBSS, FCCPC, NITDA), legislative bodies, and industry associations
• Represent the bank in meetings, consultations, and public hearings related to the financial services industry
• Build partnerships with industry stakeholders to align common policy positions
• Expand and maintain relationships with state-level regulators and agencies for branch licensing, operational permits, and state-specific compliance requirements
• Engage with tax authorities (FIRS, LIRS) on evolving tax policies impacting operations

Policy & Regulatory Monitoring

• Track and interpret new laws, regulations, and government initiatives affecting the banking and fintech sectors
• Analyze potential business impact and advise senior management
• Establish an early warning system for regulatory and policy changes that could affect Renmoney's strategy or operations."
• Coordinate with Compliance and Legal teams to ensure alignment with regulatory expectations and establish an early warning system for regulatory and policy changes that could affect Renmoney's strategy or operations

Advocacy & Influence

• Develop and execute advocacy strategies to shape regulatory and policy outcomes in the bank's Favour
• Prepare position papers, briefs, and presentations for submission to policymakers
• Participate in consultations to provide feedback on draft regulations and industry reforms

Internal Advisory

• Provide regular updates to executive leadership on political, economic, and regulatory trends
• Participate in business planning sessions to identify regulatory implications early in product and market entry strategies
• Advise on strategic opportunities and risks emerging from government actions
• Support product launches and expansion plans with regulatory engagement

Crisis & Issues Management

• Serve as a key contact point for government relations during crises
• Coordinate response strategies in situations involving regulatory disputes or public policy concerns
• Lead regulatory engagement during high-impact events, including regulatory inspections, product compliance queries, or operational disputes, ensuring minimal business disruption

Requirements
Required Qualifications

• Bachelor's degree in law, Political Science, Public Policy, Economics, or related field (Master's degree is an advantage)
• 10+ years of experience in government relations, regulatory affairs, or public policy in banking, fintech, or telecoms
• Strong understanding of Nigeria's financial regulatory framework and political landscape
• Proven experience engaging with senior government officials and industry bodies

Skills & Competencies

• Excellent communication, negotiation, and relationship-building skills
• Strong analytical and policy interpretation skills
• Ability to manage multiple stakeholders and sensitive information
• High ethical standards and integrity
• Strategic thinking with problem-solving abilities

Performance Indicators (KPIs)

• Quality and timeliness of regulatory insights provided to management
• Strength of relationships with key government and regulatory stakeholders
• Success in influencing policy outcomes beneficial to the bank
• Level of proactive engagement in regulatory consultations and industry forums
• Time taken to secure regulatory approvals for planned initiatives
• Number of strategic projects supported through proactive regulatory engagement
• Reduction in compliance-related delays or penalties