Legal Services

SUMMARY:
To set the legal strategy and framework for the Bank in alignment with the Corporate Plan, to assess and manage the legal and regulatory environment pertaining to the business of the Bank. Through operationalisation of the strategy supports the legal recovery process with the focus being minimisation of losses.

POSITION INFO:

MAIN PURPOSE OF THE JOB

To set the legal strategy and framework for the Bank in alignment with the Corporate Plan, to assess and manage the legal and regulatory environment pertaining to the business of the Bank. Through operationalisation of the strategy supports the legal recovery process with the focus being minimisation of losses. Establishes policies and procedures to regulate the operations of the Bank. Develops operating model to provide Legal guidance across all matters throughout the Bank.

QUALIFICATIONS AND EXPERIENCE

• Postgraduate degree (LLM)
• Admitted Attorney / Advocate
• Conveyancing qualification
• Minimum of 10 years spent in job Senior Legal Commercial and Corporate experience / Head of Legal Division / Senior Partner
• Insolvency and Business Rescue Experience 4 – 5 years
• Conveyancing Experience 4 – 5 years
• Litigation Experience 3 – 5 years
• Knowledge of King Codes
• Knowledge of Contractual Management
• Knowledge of PFMA

KEY PERFORMANCE AREAS

1. Develop Legal Strategy:
Align the legal strategy with the Bank''''s corporate plan, ensuring compliance with relevant legislation, and providing strategic advice to the executive committee (Exco) and the Board. This includes conducting research on legislation, trends, and impacts, as well as formulating innovative legal plans.

2. Establish Legal Policies, Processes, and Procedures:
Oversee the creation, implementation, and regular updates of legal policies, ensuring alignment with statutory requirements and company needs. Monitor adherence to these policies, mitigating risks, and maintaining audit compliance.

3. Define Legal Service Delivery Framework:
Develop a comprehensive legal framework that supports Bank operations, covering areas such as recovery, guidance, consultation, contractual management, and compliance. Regularly review and adjust the framework to meet evolving business requirements.

4. Legal and Regulatory Governance:
Provide assurance to the Exco and Board on legal risks and compliance with corporate governance standards. Maintain a detailed risk register and enforce adherence to governance frameworks.

5. Legal Recovery Processes:
Develop strategies to reduce non-performing loans, align recovery processes with the Bank''''s objectives, and support property-related recoveries. Set and monitor recovery targets to ensure financial stability.

6. Corporate, Commercial, and Conveyance Management:
Offer high-level legal advice on financial structuring, investments, and governance matters. Standardize and implement conveyancing frameworks to enhance operational efficiency.

7. Resource and Contract Management:
Define strategies for external resource engagement and oversee contractual relationships, ensuring quality assurance and compliance. Provide advice on complex deals, disputes, and regulatory matters.

8. Stakeholder Management:
Foster strategic partnerships and maintain relationships that support legal functions. Stay informed about legal developments to assess opportunities and strengthen collaborations.

9. Executive Functions:
Contribute to corporate strategy, provide legal advisory reports, represent the Bank in relevant forums, and drive synergies across divisions.

10. People and Financial Management:
Lead and manage the legal division, ensuring effective performance management, equitable resource allocation, and adherence to financial guidelines. Foster innovation and alignment with Bank values while achieving financial and operational targets.