Llb jobs in South Africa

• Advise on the impact of regulatory developments affecting the life licence.
• Provide expert guidance/interpretation/opinions on the emerging legal and regulatory regime within the context of the insurance and adjacent regulatory landscape.
• Be responsible for handling the most complex legal matters or projects.
• Acts as counsel on issues involving company compliance with the most complex governmental and regulatory standards.
• Draft, vet, review various contracts.
• Review legal documentation and provides advice on appropriate action.
• Oversee legal matters requiring external legal assistance.
• Formulating and managing instructions to external counsel.
• Provides work leadership/ management, functional advice and training to less experienced legal advisers.
• Provide legal advice and guidance on new business initiatives and ventures.
• Comment on new legislation, subordinate legislation and standards applicable on the life licence.
• Succinctly summarise legislative and regulatory developments (as well as impact) for the purposes of various governance and risk committees.
• Assist colleagues in matters related to, amongst others, product development, new business initiatives, including digital, litigation, marketing, and regulatory developments.
• Translate the legal requirements in a practical manner for business to implement.

Qualifications:

• BA (Law) + LLB or B.Com (Law) + LLB or LLB or B.Proc (or relevant law degree)
• from a South African university
• An admitted Attorney/ Advocate
• Post Graduate qualification preferred
• CFP, or post graduate in financial planning would be advantageous

Personal Attributes:

• Self-starter
• Execution mindset
• Excellent Verbal and Written Communication
• Builds Networks
• Impacts & Influences
• Manages Complexity
• Self- Awareness & Insight

Experience:

• • Have thorough and in- depth knowledge of and expertise on the applicable life insurance regulations and related legislation and regulatory instruments impacting the life licence as well as a sound and thorough working knowledge on the Insurance Act including the Long-Term Insurance Act, the Financial Sector Regulation Act, Prudential and Conduct Standards, FAIS, Code of Conducts, the Conduct of Financial Institutions legislation, FICA, NCA, POPIA, Consumer Protection Act as well as other financial products related legislation.

• Expert knowledge of on-going developments in the insurance sector, such as RDR and COFI Bill.
• Sense of awareness of international legal, regulatory and supervisory developments and its potential impact on the South African financial services sector.
• A thorough grounding in and the ability to conduct legal research.
• Proven track-record in providing effective legal counsel and developing contracts that mitigate risks and penalties.
• Furnishing opinions on diverse matters, including matters beyond the strict confines of insurance business
• Expert contract drafting, vetting, negotiation, preparation and administration skills.
• Able to identify and mitigate legal risks.
• Able to translate legal knowledge for a non-legal audience.
• Knowledge on litigation and Alternative Dispute Resolution (ADR) process and the management and facilitation of instructions to external lawyers where required.
• Able to engage with and represent the company with the required internal and external stakeholders such as industry bodies and regulators.
• Good understanding of relevant functional practices and policies from a Risk and Compliance perspective.
• Recognise and appreciate legal and regulatory risks nuanced by proportionally balancing competing interests towards the facilitation of business.