Thursday, November 5, 2020

New Job Vacancy at ABSA Bank Ltd South Africa, Senior Legal Counsel - Specialist Asset Management

  AjiraLeo Tanzania       Thursday, November 5, 2020
AJIRA LEO TANZANIA
ABSA Bank Ltd South Africa
Jobs27 | South Africa Jobs 2020: New Jobs Vacancies at ABSA Group Limited-  South Africa, 2020
Jobs27 | South Africa Jobs 2020
About Us 
Truly African
We are a diversified standalone African financial services group, delivering an integrated set of products and services across personal and business banking, corporate and investment banking, wealth, investment management and insurance.

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.
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.
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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: Senior Legal Counsel - Specialist Asset Management
Location: Sandton
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.
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Job Summary
Member of the legal team responsible for identifying, mitigating and managing legal risk across the specialist asset management (SAM) business. This will also include support to our Africa Regional Offices. This position will be expected to provide specialised legal advice on structuring transactions in line with the relevant SAM and general banking practices, procedures and regulations. The role will be a key point of contact on a day-to-day basis for the TWC team, and responsible for providing pro-active legal advice, support and risk management.

Job Description
In this role you will be responsible for:
  • Identifying opportunities to develop new processes to strengthen the legal risk control framework.
  • Effectively managing legal risk and continuously improving controls and efficiency of processes (consistent and proactive approach).
  • Managing, evaluating and prioritising tasks in accordance with business needs
  • To communicate and distil legal concepts to SAM, ensuring that lessons learned are communicated both within and outside the SAM Legal function.
  • Ensure effective and appropriate verbal and written communication of the legal policies to SAM business.
  • Proactive monitoring of compliance of the legal risk control framework.
  • Immediately report any breach of the legal risk control framework to the head of his/her department.
  • Immediately record legal risks on the legal risk reporting forms in an accurate manner and provide it to the head of the department.
  • Act on legal risks notified in the legal risk reports, by raising it with SAM stakeholders and addressing it as required to sufficiently remediate and mitigate future risk.
  • Keep abreast of industry specific knowledge and key developments.
  • Have knowledge of new regulatory requirements and provide comments to draft bills, regulatory documents and regulations issued by any governmental department and/or regulatory body.
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Let’s discuss further and send us your application if you have:
  • A B Degree in law: LLB, B Juris or B Proc
  • Are an Admitted attorney or Advocate of the High Court of South Africa
  • 5 years post admission experience plus as in-house legal counsel in a financial institution, other corporate, reputable lawfirm or at the Bar.
Education
  • Bachelor Honours Degree: Law (Required)
Deadline: 16th November, 2020.
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