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
1. 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.
2. 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.
3. 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.
4. 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.
5. 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.
Benefits
What’s in it for you
- Opportunity to play a pivotal role in shaping regulatory engagement and public policy in Nigeria’s fast-evolving financial sector.
- Direct access to senior leadership and influence on strategic decision-making at the highest levels of the bank.
- A platform to build and strengthen relationships with key policymakers, regulators, and industry stakeholders.
- Exposure to cutting-edge initiatives in banking, fintech, and digital finance with regional and global impact.
- Competitive executive compensation package, performance-based incentives, and comprehensive benefits.
- Professional development through policy forums, industry associations, and global regulatory networks.
- A collaborative, mission-driven culture that values integrity, innovation, and strategic thinking.
- Long-term career growth opportunities within a leading financial institution.