Head of Legal Txb
2 days ago
**Key Accountabilities**
**Accountability: Transactional Banking Legal Support to Business & Functions & Legal Risk Management 80%**
- Act as the principal legal advisor to relevant Executive committees by providing legal advice, counsel and guidance on the full range of legal issues relating to Trade and working capital, cash management and investor services
- Ensure that the TxB Legal teams provide effective legal support, and legal risk management of CIB products and services
- Own the Legal Principal Risk Framework for the cluster and ensure it is properly embedded and accurately interpreted to reflect regulatory requirements andethical standards so that well-informed, ethical and responsible decisions can be reached.
- Work closely with and report to the General Counsel CIB on all aspects of Legal
- Risk Management in the cluster business unit.
- Monitor, control and reduce the Group''s internal and external Legal spend, while remaining within the Group''s Risk appetite as determined by the board.
- Actively manage the total cost (internal and external), of providing effective legal support and legal risk management to ensure the optimal mix of internal and externally provided legal support
- Establish and build relationships with potential external Legal Counsel and make recommendations to on which external firm/s to use for which legal component
- Monitor the overall performance of such external counsel and ensure performance standards are as agreed and are being adhered to
- Develop and market the Legal function as an advisory, ambassadorial, enabling and enforcing function and make use of appropriate communication channels to ensure that there is a broad understanding within the business unit for the services provided.
- Participate in industry associations and act as trusted advisor to heads of business/infrastructure teams, industry bodies and relevant internal committees
- Provide legal solutions for commercial problems while demonstrating sound judgement and decision-making skills
- Deliver a high standard of Legal work for Transactional Banking and improve the quality of legal work performed in Transactional Banking and generally by the Legal function and its service providers
**Accountability: People Management (20%)**
- Together with the People Partner and the CIB General Counsel, determine the people management strategy for the area with a focus on talent management, development, resourcing and retention
- Embed formal Performance Development and informal coaching in the business unit
- Review training needs analysis. Approve training budgets and review training expenditure to ensure that allocated funds were utilised
- Establish and maintain a succession plan for the key roles in the area and review and approve succession plans for one level below
- With the support from the People Partner, interview and recruit direct reports and provide support to them during the recruitment of their teams on request
- Review workforce and recruitment plans for the area and reallocate resources where required
- Approve leave requests for direct reports and ensure that they manage the leave planning for their teams effectively
- Review overall team performance and approve outcomes of consistency check meetings
- Motivate team and ensure that there are measures in place to recognise the efforts of staff
- Deal with all relevant remuneration matters where appropriate
**Role / Person Specification**
**Education and Experience Required**
- B-degree in Law: LLB NQF Level 7
- Admitted attorney or Advocate
- Preferred: Post Graduate diploma or Masters Degree in Banking, Corporate or Commercial Law
- Relevant experience (at least 10 years) as an in-house legal counsel in a financial institution, other corporate, in a reputable law firm or at the Bar
- Relevant experience operating in multiple jurisdictions across Africa
- General knowledge of bank regulations required
**Knowledge and Skills**:
- Extensive knowledge of Banking and finance law and the regulatory environment of Financial Services Providers
- **Competencies: (Maximum of 8 competencies)**
- Deciding and initiating action
- Learning and researching
- Entrepreneurial and commercial thinking
- Relating and networking
- Adapting and responding to change
- Persuading and influencing
- Creating and innovating
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