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Nedbank Group Limited is a bank holding company that operates as one of the four largest banking groups in South Africa. The company's shares have been listed on the JSE Limited since 1969. The group offers a wide range of wholesale and retail banking services through four main business clusters, namely Nedbank Corporate and Investment Banking, Nedbank Retai...
Job Purpose
To formulate the Legal Risk Management strategy and set the legal parameters to control; manage and direct the legal function across Nedbank Group to ensure that all Payments & Financial Crime Risks are mitigated.
Job Responsibilities
Engage with stakeholders strategically to become a trusted operational and tactical advisor within Group Legal on Anti-Money Laundering and Financial Crime (AML) and Payments Systems (Payments) legislation. Create a climate of teamwork and enable up skilling of Group Legal staff, improving results for the organisation by encouraging cross functional co-operation and by supporting career progression across Cluster legal teams. Highlight and escalate legal risks across Nedbank. Build and maintain long term relationships with Cluster Heads and Chief Risk Officers. Ensure a relationship of trust is built and maintained and achieve functional objectives. Act and respond with authority on litigation and dispute risks that impact the industry. Ensure adequate budget for delivery of strategy of Group Legal within timelines. Meet changing environment/business needs and targets. Ensure appropriate risks are reported and escalated and that legal risks across Nedbank are accurately measured and accounted for. Track legal fees across Nedbank through accurate reporting to manage legal costs and by ensuring that informed decisions about capacity and outsourcing of Legal work are made. Build internal AML and Payments legal capacity across Clusters. Provide legal advice on AML and Payments through application of professional and industry knowledge and expertise, and by ensuring that the best practice advice and opinions are implemented. Ensure national legal standards and benchmarks are set by serving on professional bodies. Enhance the credibility of Group Legal by providing commercially sound legal counsel to stakeholders and by adequately managing legal risks, while adding value to the business. Ensure outcome of decisions gives Nedbank a competitive advantage. Ensure service excellence by Group Legal. Implement in-house counsel barometer benchmarks and metrics by adopting and applying international best practice benchmarks in support of business goals. Set and review policy/framework for attorney panel selection by determining relevant expertise
Accountability
The Group Legal Head: Litigation, is accountable to the Group Chief Legal Counsel
Essential Qualification
Relevant legal degree (e.g. B Proc, LLB)
Masters and post graduate qualification in law or business (i.e. MBA) is highly advantageous.
Essential Certifications
Admitted Attorney
Type of Exposure
Managing a team of managers
Identifying/select talent
Managing business risks
Communicating complex information in writing and verbally
Negotiating settlements
Litigating
Managing legal risks
Making financial decisions/
Representing the company in Industry related forums
Establishing and maintaining collaborative relationships with peers / managers
Minimum Experience Level
Admitted Attorney with a minimum 10-15 years’ experience working as a legal advisor in financial services of which at least 8 years must have been managing a legal function, minimum 5 years’ experience as a practicing attorney/Advocate
Experience in or exposure to dealing at senior level.
Proven experience building and managing large teams with a demonstrable track record of effective performance
Additional Experience
Advising a financial institution on anti-money laundering and financial crimes legislation
Advising a financial institution on the South African Payments System and legislation related thereto
Worked in a law firm or practiced as an advocate.
Implementing a strategic plan
Developing a stakeholder management grid for the business
Developing resource plans to execute functional strategies
Developing succession plans
Formulating and implementing communication strategies to cascade functional strategies
Conducting benchmarking exercises to identify improvement opportunities
Managing conflict situations
Networking and Building key relationships
Managing a team of people
Managing legal risks
Litigating
Negotiating settlements
Identifying/select talent
Developing a divisional strategy plan
Modelling and encourage a corporate culture
Technical / Professional Knowledge
Capacity planning
Change management
Communication Strategies
Diversity management
Governance, Risk and Controls
Legal Risk and practice management
Legal Risk Methodology
Litigation and dispute practice
Relevant regulatory knowledge
Reputational risk management
Management information and reporting principles, tools and mechanisms
Behavioural Competencies
Building Partnerships
Earning Trust
Communication
Continuous Learning
Customer Focus
Building talent
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