Legal Manager – Contracts at Mwanga Hakika Bank Limited
Job Overview
Legal Manager – Contracts at Mwanga Hakika Bank Limited
Legal Manager – Contracts
Mwanga Hakika Bank Limited March 2025
Mwanga Hakika Bank Limited (MHB) is a fully fledged commercial bank 100% owned by local Tanzanians. We have an exciting opportunity for enthusiastic and committed individuals to join our dynamic and growing team in the following open vacancy.
Legal Manager – Contracts at Mwanga Hakika Bank Limited
Purpose of the Role
The Legal Manager, Contracts will play a critical role in overseeing, managing, and negotiating all contracts and legal agreements for Mwanga Hakika Bank. This senior position will require deep expertise in contract law, financial laws, banking regulations, and effective risk management. The role demands a strategic leader who will work closely with the Company Secretary and Head of Legal to ensure the banks legal operations are in compliance with relevant laws and regulations while mitigating potential legal risks. The ideal candidate will have substantial experience in the banking or financial services sector, specifically in managing both general and credit contracts.
Summary of Key Duties and Responsibilities
Contract Drafting, Review, and Negotiation:
Lead the drafting, review, and negotiation of a wide range of contracts, including commercial, credit, and financial agreements, ensuring compliance with all relevant laws, regulations, and business objectives.
Collaborate with internal stakeholders (e.g., finance, risk, compliance, product teams) to align contracts with business goals and regulatory standards.
Advise the Company Secretary and Head of Legal on all contractual matters, identifying potential risks and recommending appropriate solutions.
Oversee the preparation and negotiation of general contracts, ensuring alignment with both legal and business requirements.
Participate in negotiations for complex contracts, working with senior management and external advisors to ensure favorable outcomes for the bank.
Legal Risk Management & Compliance:
Manage the legal risk associated with contracts, particularly in the context of credit and commercial agreements, ensuring the banks interests are protected and financial risks minimized.
Regularly review and update contracts to comply with evolving banking regulations and industry standards.
Serve as the key point of contact for all contract-related matters, providing ongoing legal support and guidance to various departments.
Assist in resolving contract disputes, working with the legal team to negotiate, mediate, and settle issues in a timely and cost-effective manner.
Contract Management & Administration:
Oversee the administration and storage of the banks contract database, ensuring contracts are well-organized, properly filed, and easily accessible.
Ensure that all contracts are timely executed, renewed, or terminated as appropriate, maintaining an accurate and up-to-date contract register.
Act as the custodian of the banks contracts, maintaining their integrity and compliance with legal and regulatory standards.
Collaborate with the Company Secretary and Head of Legal to provide guidance on the effective execution of contracts and to streamline processes.
Training, Advice, and Stakeholder Engagement:
Provide training and guidance to internal stakeholders (e.g., legal, finance, and operations teams) on best practices in contract management and compliance.
Prepare legal opinions and advice on the interpretation and implementation of contracts, including for new products or banking innovations.
Support the development of policies and procedures around contract management, advising business units on the legal aspects of their operations.
Dispute Resolution & Advisory:
Play a key role in dispute resolution, particularly in cases related to contract performance, credit arrangements, or regulatory compliance.
Offer strategic guidance to senior management on mitigating legal risks, handling contract-related litigation, and ensuring adherence to industry-specific regulations.
Qualification
Bachelors degree in law (LL. B), with a masters degree or professional qualifications (e.g., LLM, CCL) considered an advantage.
Must be a registered Advocate.
In-depth understanding of banking regulations, financial laws, and risk management principles in the context of contracts.
At least 5 years of experience in legal contract management, ideally within the banking or financial services sector.
Significant experience in drafting and negotiating both general contracts and credit agreements, particularly those related to financial instruments, loan documentation, and compliance.
Knowledge and Skills
Strong knowledge of contract law, corporate law, and banking regulations with the ability to navigate complex legal frameworks.
Expertise in identifying and mitigating risks related to contracts and credit transactions.
Proven ability to negotiate complex contracts and financial agreements, balancing legal protection with business objectives.
Excellent written and verbal communication skills, with the ability to liaise effectively with senior management, clients, and external legal advisors.
Strong leadership skills with experience managing a team, mentoring junior staff, and collaborating across departments.
Exceptional organizational abilities, with a meticulous approach to managing contract databases and ensuring compliance with contractual obligations.
High ethical standards and professionalism in all dealings.
Ability to work effectively both independently and as part of a collaborative team.
Commitment to accuracy in contract preparation, review, and execution.
Interested candidates are requested to submit their applications to – Mwanga Hakika Bank | Career Page (careers-page.com). The deadline for application is 12th March 2025. Only shortlisted candidates will be contacted.
How to Apply:
