Legal Counsel

4 weeks ago

Johannesburg, South Africa Absa Bank Limited Full time

Bring your possibility to life Define your career with us
- With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job Summary

**Job Description**:
Accountability: Management of Legal Risk- 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.

Accountability: Negotiate, draft and review agreements.- Assist in structuring, negotiating & drafting legal agreements and documentation relating to standard agreements, transactions and new products.- Provide legal support to the Product Solutions Cluster : Secured Lending teams, with key focus on the Home loan business, and working closely with product, recovery and litigation specialists, on various types of accounts- 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.- Provide legal advice on various types of security with particular focus on mortgages.

Accountability: Supplier Management- Support Business, Procurement and Commercial Legal during Supplier contracting and on-boarding process- Support Business with their assigned suppliers, where required.- Deliver compliance to all Procurement Policies- Obtain and cascade relevant information and analytics to conduct reviews that manage legal risk,, where necessary- Participate in formal supplier performance reviews, where necessary

Accountability: 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 and commercial solutions- Provide specialist product support to Africa Regional Office- Manage external counsel where required- Distil and communicate legal concepts in a simple, concise way that is easily understood by business stakeholders.- Evaluate, manage and prioritise tasks in accordance with business need

Accountability: Reporting- Compile lists of matters and registers of work or instructions received- Provide reports as required to support the assessment of the legal risk management framework.- Attend to ad hoc reports as requested by the Legal Head/ Team Leader, such as reports required by Absa/ Legal Executive Committee (LEXCO).

Professional/technical experience- Junior lawyer, ideally 2-5years’ PQE- Experience of working in a highly regulated, fast paced environment, where there are often competing demands- Conveyancing experience is essential- Experience with the National Credit Act, Consumer Protection Act, Property Practitioners Act is essential- Some in house experience would be beneficial

Academic and professional qualifications- Law degree : LLB or B Proc- Admitted attorney or advocate in RSA- Admitted and practicing conveyancer- Familiar with mortgage bond registrations and conveyancing vendor packages (E4, Legal Suite, Lexis Convey, etc)

Personal attributes- Ability to work as part of a team- Very strong interpersonal skills, especially communication skills- Well organised and efficient- Excellent negotiating and influencing skills- Excellent attention to detail- Integrity and reliability- Business awareness, prioritisation of risk and strong commercial focus- Ability to take a commercial view within legal constraints- Ability to manage a large (and often fluid) workload with effective prioritisation as well as deliver accurately under pressure and at speed

Education

Bachelor Honours Degree: Law (required)
- Absa Bank Limited reserves the right not to make an appointment to the post as advertised_

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