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.
\nJob Summary
\nJob vacancies
\nThe Legal Counsel is responsible for provision of legal services to the National Bank of Commerce Limited (\u201cNBC\/the bank\u201d) 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.
\nTo provide legal support and assistance to NBC\u2019s Head of Legal and in identifying and managing legal risk in NBC and its investments liaising directly with the business as appropriate.
\nPartner 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
\nJob Description\u200b
\nJob vacancies
\nAccountability:\u00a0 Legal Risk Management (50%)
\nAssist Head of Legal in:<\/p>\n
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.
\nEnsuring that all aspects of legal risk are identified covered and controlled in the implementation of new projects, systems, procedures and products.
\nEnsure the Legal risks are managed and mitigated and send periodic reports to Head of Legal and Management Committees.
\nImplement effective Legal risk control frameworks and processes in accordance with the Legal, Regulatory and NBC Governance requirements\/standards.
\nDeveloping and delivering strategic legal risk management initiatives.
\nEnsuring best practices are adopted and guidelines complied with, and that all activities comply with applicable laws, rules and regulations.
\nEnsuring 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.
\nInvest in institutional knowledge and training capabilities to upskill business colleagues and increase awareness of legal and regulatory requirements.
\nCreate, Review and Update standard documentation in line with the Legal Risk Management Policy to ensure legal risk is adequately managed.
\nManage relationships with external lawyers and monitor their performance and costs using best supplier management practices
\nSupport management of contracts and drafting emanating from the Procurement\/Sourcing Team and lead on the use of standard\/non-standard templates
\nManage the Key Risk Indicators.
\nDrive 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).
\nEmbed Legal Policies within the business by creating awareness through training, regular circulars as a champion for the Legal Risk Management Policy and Standard.<\/p>\n
\u00a0
\nAccountability:\u00a0 Compliance & Risk Control (5%)<\/p>\n
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
\nMaintain a satisfactory control environment.
\nReview 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.<\/p>\n
\u00a0
\nAccountability:\u00a0 Management & financial information (5%)
\nAssist the Head of Legal in:<\/p>\n
Identifying and meeting management information requirements for the measurement of legal risk exposure, performance (both of internal and external legal resources) and productivity.
\nManaging and controlling external legal resources in terms of cost and performance. Act as liaison between banking personnel and external legal advisors as appropriate.<\/p>\n
Managing the legal budgets for the business.
\nStreamline and automate Legal processes using digital tools and technologies to improve efficiency and mitigate risks.<\/p>\n
\u00a0
\nAccountability:\u00a0 Service Management (30%)
\nAssist the Head of Legal in:<\/p>\n
Contributing to the development of the business strategy by providing innovative solutions to legal risk management.
\nLiaising with various Business Heads as a legal point of contact.
\nDevelop and roll out litigation risk management and strategy in line with policy.
\nAddressing and managing resolution of Legal queries arising from the business.
\nIdentify opportunities to increase efficiency by creating standardized legal templates and legal documents that are tailored to the specific needs of the business.<\/p>\n
\u00a0
\nAccountability: Team Leadership (10%)
\nAssist the Head of Legal to<\/p>\n
Provide education, training, and support to the businesses on relevant legal risk issues and developments as appropriate.
\nEnsure an up to date and relevant knowledge of principal areas of law and practice in Tanzania.
\nAssisting Head of Legal in managing output from connected services such as Securities and Documents Unit, Recoveries and Peoples function.
\nActively engage with business to understand their objectives, challenges, and risks.<\/p>\n
Continue building a Purpose-led, Values-driven, Outperformance culture in Legal to drive employee engagement and performance
\nEducation and Experience Required<\/p>\n
Bachelor of Laws degree (LLB) from a recognized university
\nAdvocate of the High Court of Tanzania and other subordinates courts
\n8 years Post Qualification Experience in legal risk management in the banking and finance services or from a law firm specializing in banking\/financial services .<\/p>\n
Knowledge & Skills:<\/p>\n
Effective communication in written and spoken English \u2013 Ability to communicate effectively and in an impactful manner.
\nAnalytical, problem-solving skills with the ability to develop imaginative solutions \u2013 Having a pragmatic approach in balancing business needs vis-a-vis mitigation of legal risks by offering practical solutions with a strong commercial focus.
\nStakeholder management and networking skills \u2013 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).
\nExperience in banking and commercial law
\nKnowledge and understanding of banking and financial business strategy, business, markets and products.
\nStrong technical legal ability.
\nStrategic planning and negotiation skills
\nProject and resource management<\/p>\n
\u00a0<\/p>\n
Qualifications
\nBachelor Honours Degree \u2013 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)
\nSharing is Caring! Click on the Icons Below and Share<\/p>\n","protected":false},"author":2,"featured_media":0,"template":"","meta":{"_promoted":"","_job_location":"","_application":"https:\/\/absa.wd3.myworkdayjobs.com\/en-US\/NBC_Careers\/job\/Head-Office-NBC\/Legal-Counsel_R-15977767-1","_company_name":"NBC","_company_website":"","_company_tagline":"","_company_twitter":"","_company_video":"","_filled":0,"_featured":0,"_remote_position":0,"_job_salary":"","_job_salary_currency":"","_job_salary_unit":""},"job_listing_region":[11],"job-categories":[],"job-types":[12],"class_list":{"0":"post-1960","1":"job_listing","2":"type-job_listing","3":"status-expired","4":"hentry","5":"job_listing_region-tanzania","7":"job-type-full-time"},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/jobs.dataaxisnode.com\/tanzania\/wp-json\/wp\/v2\/job-listings\/1960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobs.dataaxisnode.com\/tanzania\/wp-json\/wp\/v2\/job-listings"}],"about":[{"href":"https:\/\/jobs.dataaxisnode.com\/tanzania\/wp-json\/wp\/v2\/types\/job_listing"}],"author":[{"embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/tanzania\/wp-json\/wp\/v2\/users\/2"}],"wp:attachment":[{"href":"https:\/\/jobs.dataaxisnode.com\/tanzania\/wp-json\/wp\/v2\/media?parent=1960"}],"wp:term":[{"taxonomy":"job_listing_region","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/tanzania\/wp-json\/wp\/v2\/job_listing_region?post=1960"},{"taxonomy":"job_listing_category","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/tanzania\/wp-json\/wp\/v2\/job-categories?post=1960"},{"taxonomy":"job_listing_type","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/tanzania\/wp-json\/wp\/v2\/job-types?post=1960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}