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  • Posted: Dec 17, 2019
    Deadline: Not specified
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    Momentum Metropolitan Holdings, formerly MMI Holdings, is a South African-based financial services group was established on 1 Dec 2010, through the merger of Metropolitan and Momentum. We are specialists in long and short-term insurance, asset management, savings, investments, healthcare administration, health risk management, employee benefits and reward...
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    Head Of Legal

    To advise on business direction based on legal risk management interpretation and ensure the provision of a quality legal service that fulfils a statutory, reporting and legal advisory service to all business units within the division.

    RESPONSIBILITIES AND WORK OUTPUTS

    • Maintain awareness of ongoing legal risks, new legislation and court decisions and provide feedback to relevant stakeholders
    • Ensure changes and developments in legislation, regulations, guidelines and practices are analysed, evaluated and reported
    • Participate in the design and application of a stakeholder feedback capability in respect of legal risk management service delivery
    • Track and address legal risk management related complaints and identify trends and major issues to be addressed
    • Support Compliance on legal interpretation issues
    • Draft and/or review internal policies and ensure they comply with relevant statutory and/or legal requirements
    • Review and advise management on legal implications of internal policies and procedures
    • Monitor business awareness of legal risks and ensure these are being identified and managed in all legal projects, agreements, legal opinions, systems, policies, procedures, transactions and products (where relevant)
    • Advise corporate committees on high risk, governance and related matters
    • Manage and support new regulatory processes
    • Conduct training and ensure staff are kept abreast of legal and regulatory developments
    • Oversee quality of advice and reports submitted to business
    • Provide legal support, opinions and advice
    • Assist with legal queries relating to products
    • Provide legal protection and risk management advice, especially on contract management
    • Handle escalated complaints
    • Work closely with internal stakeholders to understand the legal aspects of proposed initiatives and structures and provide a view on the feasibility thereof
    • Oversee the negotiation, review and drafting of documents for business transactions and advise on checklists used to ensure information is submitted on time
    • Ensure all legal documentation is properly signed and recorded
    • Manage the legal agreement database to ensure all information is up-to-date, signed and correctly linked to other relevant systems
    • Oversee the drafting and reviewing of contracts and agreements and ensure they comply with relevant statutory and/or legal requirements
    • Ensure all internal contracting parties understand the content and implications of contracts proposed and/or entered into
    • Ensure proper negotiation, drafting and vetting of legal agreements
    • Prepare, review and modify contractual instruments to assist and support various business activities
    • Ensure contracts and agreements are amended and updated where required
    • Appoint and instruct legal counsel where required
    • Review ongoing litigation cases and advise management accordingly
    • Liaise between external counsel and business to defend or prosecute a case to its logical conclusion
    • Drive the management and amelioration of risk arising from litigation
    • Build trusted advisor relationships with internal and external stakeholders and ensure they are provided with service excellence
    • Implement and monitor service practices that meet clients and own organisation's needs
    • Train business on new legislation
    • Ensure effective relationships and SLA management with internal and external stakeholders
    • Engage senior management on a partnership basis to facilitate legal risk assessment, evaluate the effectiveness of proposed policies and controls and take remedial action where required
    • Actively share information with other team members regarding successes, issues, trends and ideas
    • Enhance relationships beyond own function to improve reporting and wider understanding of relevant legal risk profiles
    • Act in an ethical, transparent and morally defensible manner, including highlighting unethical practices
    • Manage the departmental budget (includes training, membership fees and conferences)
    • Identify financial and business risks to the company and escalate accordingly
    • Identify opportunities to enhance efficiencies and reduce wasteful expenditure
    • Set the pace and tone for the team and ensure everyone is focused on the right priorities
    • Take full responsibility for performance management of all direct reports, focusing on all aspects of sound people management:
    • Build appropriate levels of management and accountability
    • Motivate, delegate and empower teams, enabling direct reports to take responsibility and display creativity and initiative within agreed parameters
    • Work closely with the team to define their performance objectives and grow their skills where neededAct at all times in ways that are consistent with MMI’s brand and values
    • Continuously drive own professional development
    • Engage constructively with performance feedback
    • Handle stress in ways that do not negatively impact others
    • Continually share, debate and communicate learnings
    • Flag and debate issues constructively
    • Work collaboratively with others to achieve shared goals
    • Positively influence and manage change

    COMPETENCIES REQUIRED

    • Business Acumen
    • Customer/ Stakeholder Commitment
    • Drive for Results
    • Leads Change and Innovation
    • Collaboration
    • Impact and Influence
    • Self-Awareness and Insight
    • Diversity and Inclusiveness

    EXPERIENCE AND QUALIFICATIONS

    • BA LLB (or equivalent)
    • Must be an Admitted Attorney
    • 10+ years’ legal investment-related experience
    • Key skills needed include:
    • Strong background in commercial, financial and insurance law with expertise in drafting contracts and formulating legal opinions
    • Highly experienced in handling a variety of litigation matters
    • Proven track-record in providing effective legal counsel and developing contracts that mitigate risks and penalties
    • Expert contract negotiation, preparation and administration skills
    • Able to identify and mitigate legal risks
    • Strong understanding of relevant local and cross-border regulatory requirements
    • Sound understanding of relevant functional practices and policies from a Risk and Compliance perspective
    • Sound understanding of relevant legislation and its impact on business strategy
    • Able to translate legal knowledge for a non-legal audience
    • Team leadership and management skills
    • Excellent written and verbal communication, influencing and presentation skills
    • Assertive and resilient
    • Able to work under pressure
    • Interpersonally agile and strong at building relationships at all levels
    • Analytical and attentive to detail
    • Able to work independently and with multiple teams
    • Deadline and solution-driven
    • Comfortable with change and able to deal with the unexpected

    Method of Application

    Interested and qualified? Go to Momentum Metropolitan Holdings Limited on www.linkedin.com to apply

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