Legal Counsel Job Vacancy at NBC Bank
Job Overview
Legal Counsel Job Vacancy at NBC Bank
Legal Counsel
NBC Bank
NBC is the oldest serving bank in Tanzania with over five decades of experience. We offer a range of retail, business, corporate and investment banking, wealth management products and services. Legal Counsel Job Vacancy at NBC Bank
Job Summary
The Legal Counsel is responsible for provision of legal services to the National Bank of Commerce Limited (“NBC/the bank”) and its investments, including areas such as transactional support, litigation management, commercial contract management, legal risk management, governance, secretarial services, and general legal advice, and provides dedicated business-aligned support to all departments and unites of the bank.
To provide legal support and assistance to NBC’s Head of Legal and in identifying and managing legal risk in NBC and its investments liaising directly with the business as appropriate.
Partner closely with the business as a trusted Legal advisor, focusing on identifying and mitigating legal risks through commercially balanced, pragmatic, timely, and accurate legal advice
Job Description
Accountability: Legal Risk Management (50%)
Assist Head of Legal in:
Supporting the business in the long-term growth by providing pragmatic and effective advice to manage legal risk across the business and assist in the design and implementation of procedures to manage this risk at an appropriate level.
Ensuring that all aspects of legal risk are identified covered and controlled in the implementation of new projects, systems, procedures and products.
Ensure the Legal risks are managed and mitigated and send periodic reports to Head of Legal and Management Committees.
Implement effective Legal risk control frameworks and processes in accordance with the Legal, Regulatory and NBC Governance requirements/standards.
Developing and delivering strategic legal risk management initiatives.
Ensuring best practices are adopted and guidelines complied with, and that all activities comply with applicable laws, rules and regulations.
Ensuring that changes and developments in legislation, regulations, guidelines and practices affecting the markets in which the business operates are analysed, evaluated and reported as required.
Invest in institutional knowledge and training capabilities to upskill business colleagues and increase awareness of legal and regulatory requirements.
Create, Review and Update standard documentation in line with the Legal Risk Management Policy to ensure legal risk is adequately managed.
Manage relationships with external lawyers and monitor their performance and costs using best supplier management practices
Support management of contracts and drafting emanating from the Procurement/Sourcing Team and lead on the use of standard/non-standard templates
Manage the Key Risk Indicators.
Drive the full contract lifecycle standardization of templates, review, drafting and negotiation through to execution and renewal. Also, prepare and manage commercial agreements (e.g., commercial, leases, vendor contracts).
Embed Legal Policies within the business by creating awareness through training, regular circulars as a champion for the Legal Risk Management Policy and Standard.
Accountability: Compliance & Risk Control (5%)
Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise-Wide Risk Management Framework, internal NBC policies and Policy Standards and strong knowledge of legal risk management and controls
Maintain a satisfactory control environment.
Review the risk and Legal profiles of the business unit on a regular basis and provide consultative support to the Head of Legal and Management on changes that are required to rebalance risk and reward where required.
Accountability: Management & financial information (5%)
Assist the Head of Legal in:
Identifying and meeting management information requirements for the measurement of legal risk exposure, performance (both of internal and external legal resources) and productivity.
Managing and controlling external legal resources in terms of cost and performance. Act as liaison between banking personnel and external legal advisors as appropriate.
Managing the legal budgets for the business.
Streamline and automate Legal processes using digital tools and technologies to improve efficiency and mitigate risks.
Accountability: Service Management (30%)
Assist the Head of Legal in:
Contributing to the development of the business strategy by providing innovative solutions to legal risk management.
Liaising with various Business Heads as a legal point of contact.
Develop and roll out litigation risk management and strategy in line with policy.
Addressing and managing resolution of Legal queries arising from the business.
Identify opportunities to increase efficiency by creating standardized legal templates and legal documents that are tailored to the specific needs of the business.
Accountability: Team Leadership (10%)
Assist the Head of Legal to
Provide education, training, and support to the businesses on relevant legal risk issues and developments as appropriate.
Ensure an up to date and relevant knowledge of principal areas of law and practice in Tanzania.
Assisting Head of Legal in managing output from connected services such as Securities and Documents Unit, Recoveries and Peoples function.
Actively engage with business to understand their objectives, challenges, and risks.
Continue building a Purpose-led, Values-driven, Outperformance culture in Legal to drive employee engagement and performance
Education and Experience Required
Bachelor of Laws degree (LLB) from a recognized university
Advocate of the High Court of Tanzania and other subordinates courts
8 years Post Qualification Experience in legal risk management in the banking and finance services or from a law firm specializing in banking/financial services .
Knowledge & Skills:
Effective communication in written and spoken English – Ability to communicate effectively and in an impactful manner.
Analytical, problem-solving skills with the ability to develop imaginative solutions – Having a pragmatic approach in balancing business needs vis-a-vis mitigation of legal risks by offering practical solutions with a strong commercial focus.
Stakeholder management and networking skills – Develops constructive and collegiate professional relationships across the business in providing support to internal client base and build relationships with external advisors (legal and non-legal).
Experience in banking and commercial law
Knowledge and understanding of banking and financial business strategy, business, markets and products.
Strong technical legal ability.
Strategic planning and negotiation skills
Project and resource management
Qualifications
Bachelor Honours Degree – Law, Digital familiarity (Meets some of the requirements and would need further development), Ethics and values (Meets all of the requirements), Experience in a similar environment at senior management level, Legal Advisory and Interpretation (Meets all of the requirements), Openness to change (Meets some of the requirements and would need further development), Reasoning (Meets all of the requirements)
How to Apply:
