Absa Senior Legal Counsel - Regulatory Jobs in South Africa

Absa Senior Legal Counsel - Regulatory Jobs in South Africa

Job Summary

Our Absa Corporate and Investment Bank (CIB) Legal team has an exciting role for a Legal Counsel (Regulatory). As part of the CIB – Regulatory Legal Team, you will be responsible for managing Key Legal Risk and to contribute to the development of the Legal Function.

The role will primarily focus on providing legal support to the Head Legal Counsel - Regulatory, and advice to the business on legal issues emanating from a regulatory perspective and working with other functions to improve the efficiency and effectiveness of the Regulatory Legal Team within the region and across the bank.

You will be expected to provide accurate, expert and specialised legal advice on legal and regulatory matters and will be responsible for providing on the go pro-active legal advice, support and risk management.

This role is suited to a candidate with a B-degree in Law, Admitted attorney or Advocate as well as 5 years relevant experience as an in-house legal counsel in a financial institution, other corporate, in a reputable law firm or at the Bar.

Job Description

Management of Legal Risks

Ensure the bank’s legal and regulatory position is managed effectively in all situations in which legal disputes or regulatory issues arise, at all times safeguarding Absa’s reputation.
Increase awareness of the Legal Key Risk Policies and report any breaches.

Identify and articulate risks associated with proposed transactions, projects and activities that the business intends to undertake.

Mitigate risks wherever possible.

Attend necessary training sessions to ensure commerciality and continued legal professional development.

Ensure regulatory & statutory compliance.

Provide a clear record of relevant business transactions and legal advice given that effectively mitigates legal risk.

Develop and sustain effective risk and control frameworks.

Negotiate, draft and review Agreements

Assist in structuring, negotiating & drafting legal agreements and documentation relating to standard agreements, transactions, new products and 3rd party agreements

Help to develop working structures and best practice guides for use within business

Address all

probable risks by seeing to it that they are sufficiently addressed in legal agreements drafted

Consider, comment, negotiate and give advice on documents/ agreements for the business

Give legal advice on transactions or deals to be done, or transactions that have been concluded

Conduct legal due diligences on transactions

Provide advice on legality, the lawfulness and enforceability of agreements and documents

Stakeholder Management

Determine needs of stakeholders by regular interaction with the stakeholders in order to discuss legal developments and matters with them

Provide stakeholders with legal advice, support and legal solutions

Provide specialist assistance to country legal teams in Barclays Africa region

Manage external counsel where required

Distil and communicate and legal concepts in a simple, concise way that is easily understood by business stakeholders.

Evaluate, manage and prioritise tasks in accordance with business need

Reporting

Compile lists of matters and registers of work or instructions received

Provide reports as required to support the assessment of the legal risk control framework.

Attend to ad hoc reports as requested by the Head.

Education and Experience Required

B-degree in Law: LLB NQF Level 7

Admitted attorney or Advocate

Preferred: Post Graduate diploma or master’s degree in Banking, Corporate or Commercial Law

Relevant experience (at least 5 years) as an in-house legal counsel in a financial institution, other corporate, in a reputable law firm or at the Bar.

General knowledge of bank regulations required.

How to Apply

For more information and job application details, see; Absa Senior Legal Counsel - Regulatory Jobs in South Africa

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