Job Requisition ID: R20875
Job DescriptionTo provide leadership in a team of Legal Advisors ensuring there is compliance with the highest standards of regulatory and business conduct and practices as defined by internal and external requirements. Understand and ensure compliance with, in letter and spirit, all applicable laws, regulations, and guidelines including those governing securities activities, company law, anti-money laundering, terrorist financing, and sanctions; the Group's policies and procedures; and the Group Code of Conduct. Take responsibility for understanding the business risk and effectively and collaboratively identify, escalate, mitigate, and resolve legal risk and compliance matters.
Ensure tight legal controls, robust advice on transactions, quick turnaround of work, and cost discipline.Develop a culture of legal awareness in the business approach to avoid losses on avoidable legal matters.Reduce legal spend on external legal counsel through development of internal expertise and doing more in-house.Contribute to the Bank's drive to manage risk proactively and tightly, further deepen controls, and demonstrate the highest level of ethics and integrity.Support regaining the trust of regulators and the wider business community through proactive regulatory engagement in collaboration with Risk and Compliance.Manage all legal issues in South Africa and ensure that transactions and cases are executed in a timely and effective manner.Support and facilitate internal product development through the products approval process.Use technical knowledge of all business products to provide sound, technical product, legal, and transactional advice to the business and to anticipate and communicate in a timely fashion the impact of legal developments on the business.Manage the process of engaging external counsel, including effective instructions to external counsel and negotiating appropriate fee structures for the transaction/case in question.Lead in the proactive and strategic identification of legal risks at a country level.Prepare regular and accurate country legal risk reports that provide clear analysis.Communicate identified risks to country, business, and regional stakeholders and influence stakeholders to improve legal risk controls and governance at a country level.Develop and maintain a legal training plan for the legal team and stakeholders.Ensure robust Legal support is provided in South Africa.Drive the development and maintenance of good relationships with internal and external business stakeholders at appropriate levels ensuring an open and co-operative environment.Provide timely legal advice, briefings, and recommendations on key legal issues to stakeholders, including applicable legislation and banking codes.Raise awareness of legal risks and issues within the business through targeted training and knowledge sharing.Contribute to the risk governance of Team Legal by being the policy expert in country and by providing a country perspective on Group risk policies and procedures. Ensure there is a consistent approach in the country to legal risk management.Ensure that all relevant Group policies are adopted, and all relevant business policies are adopted.Roll out Legal risk policies and procedures, ensuring that senior management fully understand the scope and requirements of Legal related policies and that all necessary dispensations are in place and current.Job DetailsApplication Closing Date: 08/10/24
All appointments will be made in line with FirstRand Group's Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.
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