Senior Legal Advisor at Momentum Metropolitan Holdings Limited

Senior Legal Advisor 

Momentum Metropolitan Holdings Limited (MMH) is a South African based financial services group listed on the South African stock exchange, the JSE. The group operates in the market through several client-facing brands including Metropolitan and Momentum, South Africa’s number one cell captive insurer Guardrisk and wellness & rewards programme Multiply. MMH operates on the African continent, United Kingdom, and India through a direct presence, strategic partnerships and joint ventures. MMH’s purpose is to improve the lifetime Financial Wellness of people, their communities and their businesses. Financial Wellness is a continuous process of planning and management for individuals, households and businesses, with the aim of affording expenses and achieving goals over one’s lifetime. Our promise to our clients is to be their Financial Wellness partner over this life-long journey, using our expertise and solutions to help them develop and reach their goals.

Introduction

An exciting opportunity is available in MMH Group Ltd in the Legal Department in the Momentum Investment division for a Legal Advisor. The successful applicant will be based at the MMH Head office in Centurion.

Role Purpose

To provide the Momentum Investments division (and other divisions within MMH when necessary) with legal opinions, product development advice and affiliated legal services relating to Long term insurance, Investments, Retirement Funds, and other general legal services relating to Marketing, Digital and Loyalty programmes.

The work you need to deliver

• Providing general legal services to the business including dispensing advice to all areas within the organisation as required.
• A large focus area will entail drafting, vetting and negotiation of agreements with, internal and external clients and third parties.
• Keeping abreast of legislative developments.
• Reviewing, interpreting and implementing relevant legislation in collaboration with the Compliance Team.
• Opinion work (written/verbal and formal/informal as required).
• Legal research on pertinent issues that impact on the MMI business.
• Presenting and training on legal issues and legislation.
• Formulating and drafting of policy documents.
• Render expert legal technical assistance, design, input and approval of new product structures during the
• product development process in the Long term insurance, Investments, LISP and Retirement Funds areas.
• General Corporate Governance issues.

Competencies required

• Knowledge and in-depth understanding of the relevant financial services legislation e.g. Long-Term Insurance Act, POPI, ECTA, CPA, Pension Funds Act, FAIS and FICA as well as the secondary legislation that applies.
• Extensive knowledge of financial products and the structuring thereof.
• Knowledge of the advice processes associated with the marketing and selling of investments and linked investment products
• Retirement planning, business insurance and estate planning knowledge
• Sound knowledge of the financial markets.
• Ability to operate and think independently and laterally
• Self-starter/pro-active
• Business acumen
• Assertiveness
• Trustworthy
• Professional
• Responsible and accountable

Experience and Qualifications

• LLB degree
• Admitted attorney (an advantage)
• At least 7 years financial services industry experience dealing with long term insurance, investment and associated products.

We reserve the right not to fill the vacancy. Should you not receive any response in respect of your application within 2 weeks, please consider your application unsuccessful.