Head: Legal

5 days ago


City of Tshwane Gauteng, South Africa LynneWaters Personnel (Pty) Ltd Full time

**Role**:Head: Legal

**Department**:Investments

**Location**: Gauteng

**Role Purpose**

The purpose of this role is to manage a best practice framework for the Legal Function that fulfills a statutory and, reporting risk management and legal risk mitigation function to the entities within the Investments and Savings division in all its activities as well as advise on strategy formulation and business direction based on legal risk interpretation.

**Responsibilities Summary**:

- Plan for, implement and take accountability for the best practice framework for legal in response to business strategy.
- Establish a Balanced Scorecard focused on implementation, measuring and management of the functional strategy.
- Drive proactive and reactive management of regulatory and business practice risk.
- Ensure that all internal contracting parties understand the content and implications of contracts proposed and/or entered into.
- Evaluate contracts relative to the above mentioned business understanding and advise the business of the implications of all contracts.
- Drive the management and mitigation of risk arising from litigation.
- Support business in driving the mitigation and management of losses arising from business activities.
- Report on legal risk management as required for Board meetings, Enterprise Risk Management reporting purposes as well as meeting any other reporting requirements.
- Ensure proper reporting of violations or potential violations to the various Executive Committee members.
- Maintain an effective legal risk communication programme for the department, including promoting heightened awareness of standards of conduct and understanding of new and existing legal risk issues and related policies and procedures.
- Monitor the performance of the legal risk programme and related activities on a continuous basis, taking appropriate steps to improve its effectiveness.
- Identify and continuously review areas where legal risk is found to be present.
- Drive the appropriate segregation of duties so that legal documentation is reviewed and executed with the appropriate level of independence from the persons involved in proposing or promoting the transaction.
- Establish minimum standards for mitigating and controlling each risk, including the nature and extent of work to be undertaken by internal and external legal resources.
- Support the governance team by continuously examining the inter-relationship between regulatory compliance and legal risk and other areas of risk management, so as to ensure that there are no “gaps” in the risk management process.
- Review, analyse and escalate high risk issues through the appropriate management and governance committee structures, including the Risk Committees.
- Provide effective legal support to relevant business units.
- Continuously strive to enhance and improve the legal risk mitigation processes at divisional and business unit level in accordance with the level of expressed risk tolerance.
- Represent and market this process internally to peers and internal clients.
- Drive the identification of legal process issues, analysis of external benchmarks and development of solutions to determine the best operational course of action.
- Promote healthy vertical and horizontal business processes that ensure efficient and effective client delivery within set expectations and agreed performance standards in the area of accountability and the overall optimisation of the value chain for the entity.
- Ensure the development and maintenance of appropriate infrastructure (e.g. IT) required for the efficient operation of the Legal Function.
- Where possible, ensure that service delivery is automated, efficient and scalable.
- Drive and ensure compliance to the entity’s governance, relevant legislation and risk mitigation strategies.
- Ensure both the Retail and Investment Management businesses are equally serviced from an experience and quality perspective.

**Qualifications, Experience and Knowledge**
- LLB or similar qualification
- Admitted attorney
- At least 10 years legal experience in the investment management industry of which at least 3- 4 years must have been at management level,
- knowledge in relation to global markets documentation including ISDA’s, ISMA’s and GMSLA’s as well as specific experience in relation to the requirements of the Collective Investment Schemes Control Act.
- Experience in co-naming arrangements on Collective Investments Manco. Pension Fund Act experience, working with boards of Trustees of Funds, exposure to policy documentation with regards to LISP products, model portfolio’s etc.
- Exposure to Alternative Investments deal structuring contracts, single asset management and multi-asset contract exposure.
- Exposure to Long Term Insurance Act and PPR’s with regards to products on the LISP on the Long Term Insurance License of the Group.



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