Legal Advisor - #337078


Date: 2 weeks ago
City: Johannesburg, Gauteng
Contract type: Full time
Job Description To Provide legal solutions to complex legal and business challenges to mitigate against legal risk and partner with the business on the implementation of policies to comply with legal and regulatory requirements and business processes

Provides guidance and management to more junior legal advisors
  • Identification and communication of potential financial risks with a legal implication.
  • Provide timeous, professional advice and solutions in respect of legal matters to persons within. FNB, on request or initiated, resulting in business sustainability and risk mitigation
  • Maintain a constantly updated 'library' of advice that has been requested and given in FNB, including updates relating to legislation.
  • Establishment, alignment and management of target and budget goals whilst ensuring effective control of costs the function to increase cost efficiency.
  • Draft, review / update and re-negotiate legal agreements, including Service Level Agreements and other legal documentation to adequately manage legal risks.
  • Monitor relevance of legal documentation to ensure consistency across business, identify risks and within legal standards.
  • Identify room for improvement or 'loopholes' in the current mandates space and provide general legal advice.
  • Monitor, analyse and evaluate the impact and legal implications of developments in the financial services industry and related areas, including the activities of competitors, and pro-actively recommend effective courses of action so that either a stance may be adopted or potential threats may be averted by FNB.
  • Identify report and mitigate legal risk at a product, process and/or channel level within the business unit
  • Benchmark current practices against the FRB legal risk management framework and adjust practices as and when necessary
  • Ensure legally compliant best business practices and policies in order to protect the organisation from legal action.
  • Identify and Communicate current and anticipated Legal issues/risks.
  • Deal with litigation matters involving the business to manage legal risk and liaise with Ombudsman when necessary
  • Proactively resolves disputes to avoid litigation and ombudsman referrals.
  • Ensures optimal performance of both individuals and teams in order to achieve business objectives through effective development interventions.
  • Manage own development to increase own competencies.
  • Cultivate and manage objective working relationships with a variety of stakeholders, including external attorneys, FirstRand Group Legal Services, FNB Legal Services, business and external stakeholders and industry bodies to ensure business is in the position to obtain expert opinion on specialist areas of law.
Job Details Application Closing Date 06/04/24 All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.

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