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Job Vacancies At ABSA Bank Limited South Africa – Principal Legal Counsel|Johannesburg

Absa Group Limited is listed on the JSE and is one of Africa’s largest diversified financial services groups with a presence in 12 countries across the continent and around 41 000 employees.
We own majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, the Seychelles, South Africa, Tanzania (ABSA Bank in Tanzania and National Bank of Commerce), Uganda and Zambia. We also have representative offices in Namibia and Nigeria, as well as insurance operations in Botswana, Kenya, Mozambique, South Africa, Tanzania and Zambia.

Position: Principal Legal Counsel
Location: Johannesburg
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
The Principal Legal Counsel will provide strategic direction and legal support to our everyday banking business on the most complex legal matters affecting the Bank and promote and maintain legal knowledge management.

We require an individual with strong leadership experience and managing teams. Extensive knowledge of Banking and finance law and the regulatory environment of Financial Services Providers, Extensive knowledge of law of contracts and ability to manage and apply effective matrix management principles

Additional responsibilities include but not limited to:

• Act as the principal legal advisor to relevant Executive committees by providing legal advice, counsel and guidance on the full range of legal issues for example intellectual property issues, conducting research into legal matters, drafting legal documents and assisting in negotiations which have a legal element involved. Establish and build relationships with potential external Legal Counsel and make recommendations to on which external firm/s to use for which legal component.
• Maintain the relationship with all approved external Legal Counsel, making recommendations on which firms should be used. Monitor the overall performance of such external counsel and ensure performance standards are as agreed and are being adhered to.
• Report to the General Counsel on all aspects of Legal Risk Management in the cluster business unit.
• Own the Legal Principal Risk Framework for the cluster and ensure it is properly embedded and accurately interpreted to reflect regulatory requirements and ethical standards so that well-informed, ethical and responsible decisions can be reached.
• 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
• Monitor, control and reduce through communisation, the Group’s internal and external Legal spend, while remaining within the Group’s Risk appetite as determined by the board
• Set the standard for people management of the cluster legal team
• Continuously mentor the team leaders within the cluster Legal team on proactive people management techniques

Education and Experience:

• B-degree in Law: LLB, NQF level 7
• Admitted attorney or Advocate of the High Court in SA
• Preferred: Post graduate diploma or masters degree in law – Banking, Corporate or Commercial
• Suitable post admittance experience (at least 12 years) as an in-house legal counsel in a financial institution, other corporate, in a reputable law firm 5 years Preferred: Experience within the financial services sector handling work with strong multi-jurisdictional dimensions
• 5 years experience in setting up systems & processes for legal and regulatory risk management

Education

• Postgraduate Degrees and Professional Qualifications: Law, Military Science and Security (Required)

Deadline: 2020-08-25.

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