Stanbic IBTC Bank Recruits Manager Legal

Stanbic IBTC Bank - If you are really committed to building your future career, then you need to work with a bank that has earned an unrivalled global reputation for trust, innovation, and service. As the largest bank in Africa, we now operate in 38 countries worldwide focussing on emerging market opportunities

We are recruiting to fill the above position of:

Job Title: Manager Legal
Job ID: 11221

Job Description
To manage legal risk by providing a comprehensive transactional legal advisory service to the Corporate & Investment Banking Division and such other units as may be identified from time to time.

Required Skills and Qualifications
Drafting and production of legal documentation

• Collation of all information required for the drafting of facilities letters, term loan letters, security document and other such documentation (“Legal Documentation”).
• Accurate and comprehensive drafting of all legal documentation.
• Accurate and comprehensive drafting of non standard clauses and, where required, non standard loan agreements.
• Proactive identification, investigation and solution of legal issues presented from time to time.
• Provision of sound legal advice (whether informal or by formal written legal opinions) as requested from time to time.
• Provision of clear and simple explanations to legal issues presented.
• Scrutiny of signed Legal Documentation and condition precedents (including for audit purposes) to be beyond reproach.
• Conduct negotiations in a professional manner.
• Ensure drafting and formatting of Legal Documentation of a professional standard.
• Ensure adequate version control when drafting and circulating Legal Documentation.

General legal risk management

• Adhere to delegated authority assigned from time to time.
• Adhere to the bank’s established risk management processes and procedures.
• Maintain awareness of Group Legal requirements as contained in Group Reference Guides and communication in circulars from time to time
• Conduct legal research on issues relevant to legal risk management as identified from time to time.
• As appropriate, identify any new developments or current requirements in law which necessitate an improvement to the bank’s standard legal documentation.
• Proactively identify legal risks arising in the transactional legal environment and resolve. Apprise line manager and assist with the development of processes to eradicate, mitigate, monitor and/or report on these risks.
• Resolve credit, legal and business concerns in a solution-orientated manner, which reflect an acceptable balance between the bank’s commercial and legal interests;
• Ensure proper record keeping and version control (whether electronically or in hard copy).
• Ensure a Legal Documentation template library is kept and maintained.
• Compulsory attendance at pre-credit committee meetings and credit committee meetings.
• Ensure active and solution orientated participation in relation to legal matters arising.
• Input into credit application prior to credit signoff to ensure no reworking of the signed off credit application is required due to legal issues.

• Adhere to turnaround times stipulated in the legal tracker.
• Conscientiously update all relevant tracking tools including the corporate banking legal tracker.
• Monitor and report to business and credit on orange and deal deals.
• Timeous submission of legal tracker to head office function.
• Regular (at least every 2 weeks) meetings with stakeholders to resolve issues identified in tracker (such as orange and red deals – meetings to be documented and records of meetings kept.

• Pro-active development of relationships with credit and business with a view of credit and business approaching the legal manager for legal support prior to finalisation of credit applications.
• Co-ordinate credit, legal and business concerns in a solution-orientated manner to close deals.
• Constantly seek to provide an exceptional level of service to all internal clients of legal.
• Handle potential conflict situations firmly but tactfully.
• Articulate accountabilities, duties, standards and priorities to stakeholders in a clear manner.
• Ensure a consistently sound understanding and application of facility structures, bank products and general commercial and legal knowledge.
• Identify training and learning opportunities.
• Assume personal accountability for optimal performance.
• Assist in career planning for self.
• Assist line manager with any tasks/functions/projects which he/she may delegate.
• Assist in the training of new staff members.
• Assist with the timeous completion of projects providing regular feedback to line manager and stakeholders throughout project.

Application Closing Date
7th May, 2013

Method of Application
Interested and qualified candidates should:
Click here to apply online