Senior Legal Counsel : Wealth And Retirement

Momentum; Gauteng; On-site; ZAR 850,000 - 1,200,000; Full time

Job summary

A leading financial services company in South Africa seeks a Senior Legal Counsel to provide legal advice and support for Wealth and Retirement Funds. The role involves handling legal matters related to insurance and investment products while ensuring compliance with legislation. Ideal candidates will possess an LLB degree, CFP qualification, and solid experience in legal issues pertaining to financial services.

Qualifications

• 8-10 years of experience in the financial services industry.
• Admitted attorney (an advantage).

Responsibilities

• Providing legal services and advice across the organization.
• Monitoring legislative developments and implementing relevant legislation.
• Managing legal disputes and liaising with external law firms.

Skills

Communication

Leadership

Independent thinking

Proactive attitude

Education

LLB degree

CFP qualification or postgraduate qualification in financial planning

Job description

Senior Legal Counsel: Wealth and Retirement

Momentum, based in Centurion, Gauteng, South Africa, is seeking a Senior Legal Counsel to join its Legal Team for Wealth and Retirement Funds.

Through brands like Metropolitan and Momentum, and programs such as Multiply, the group provides financial solutions that help individuals and organizations achieve their financial goals.

The successful candidate will be based at the Momentum Group Head Office in Centurion.

Role Purpose: To provide legal advice, product development support, and legal services related to long-term insurance, investments, retirement funds, governance, and general legal matters within the Momentum Investments: Retirement and Wealth (Retail) division and other divisions as necessary.

Requirements:

• LLB degree
• CFP qualification or postgraduate qualification in financial planning
• Admitted attorney (an advantage)
• 8-10 years of experience in the financial services industry, dealing with long-term insurance, retirement, retail, and related products

Key Responsibilities:

• Providing legal services and advice across the organization, focusing on retail products and retirement fund governance
• Monitoring legislative developments and implementing relevant legislation in collaboration with the Compliance Team
• Assisting with death claims and participating in committees
• Legal research and providing legal opinions
• Training and presenting on legal issues and legislation
• Drafting legal updates, policy documents, and legal opinions
• Supporting product development in long-term insurance, investments, LISP, and retirement funds
• Managing legal disputes and liaising with external law firms
• Drafting pension fund rules and amendments, reviewing related documents
• Providing tax advice on fund administration queries

Competencies:

• Deep understanding of relevant financial legislation (e.g., Long-Term Insurance Act, Pension Funds Act, FAIS, FICA)
• Extensive knowledge of financial products and retirement funds
• Strong communication skills, independent thinking, and proactive attitude
• Leadership, responsibility, and professionalism

This position is full-time and aimed at a mid-senior level professional.