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