Legal Counsel (Retail) at Momentum Metropolitan Holdings Limited

Role Purpose    

• The successful candidate will provide business-focused legal advice, contract and product support primarily to the retail businesses within Momentum Investments. This role requires knowledge of the South African financial services regulatory landscape with a focus on LISP administration platforms, insurance and retirement products, FAIS, the Insurance Act and the Pension Funds Act.
• The role includes reviewing and drafting contracts, supporting compliance and product development efforts, dealing with queries and staying up to date with legislative changes.

Requirements    

• LLB Degree
• Admitted Attorney.
• CFP designation is advantageous.
• 3–5 years of post-admission legal experience, preferably in a LISP/wealth business.
• Strong knowledge of wealth platforms, retail and retirement investments and products.
• Understanding of financial sector laws in South Africa such as FAIS, FICA, CISCA, Insurance Act, Pension Funds Act and POPIA.
• Notable experience in contract drafting.

Duties & Responsibilities    

Contractual support

• Draft, review, and negotiate a wide array of legal documents including investment management agreements, service level agreements, LISP SLAs, client-facing documents,  product terms and marketing material as well as data agreements.
• Support the team with continuous improvements on templates.
• Ensure efficient management of contracts through the entire contract lifecycle.

Legal Risk Management

• Monitor and report on legal risks and regulatory developments.
• Identify and communicate legal risks in projects, policies, and systems.
• Support training initiatives regarding legal and regulatory updates.

Legal Advisory and Queries

• Advise internal stakeholders on legal matters, including contracting, service and product queries and queries on the interpretation and implementation of legislation.
• Provide legal advice on operational processes.
• Carry out legal research and provide commercially focused legal opinions.

Product Development/Project Support

• Provide reliable legal support on the various initiatives and projects of the retail businesses, including the launch of new products and portfolios and developments due to regulatory changes
• Collaborate and communicate confidently within a multi-disciplinary project team, including tax, marketing, compliance and IT teams.

Governance and Compliance

• Work closely with regulatory compliance and risk teams to manage regulatory changes and emerging risks within the business to embed a culture of good governance.
• Assist in implementing internal controls to mitigate legal risk, including systems and policies.
• Monitor legislative developments and be able to unpack the impact on the various businesses

Competencies    

• Exceptional legal and contract drafting skills.
• Be able to embrace and implement legal and financial technology solutions
• Strong communication, collaboration and relationship-building abilities.
• Ability to work under pressure and manage competing priorities in a fast-paced environment.
• Professionalism, integrity and sound judgment.

Closing Date    

• 2026/06/12