Senior Legal Counsel at MMI Holdings

  • Permanent Senior position

  • Centurion, Gauteng

  • Undisclosed cost to company

  • Job 2151576

  • Posted 03 Oct 2017 by MMI Holdings

About the Position

MMI Holdings Limited (MMI) is a South African based financial services group listed on the South
African stock exchange, the JSE. The core businesses of MMI are long and short-term insurance,
asset management, savings, investment, health care administration and employee benefits. These
product and service solutions are provided to all market segments through operating brands
Metropolitan and Momentum.

Role Purpose
The purpose of this role is to provide quality service for the Legal function that fulfils a statutory,
reporting and legal advisory service to all business units within the Investments and Savings Centre
of Excellence (ISCOE) of the MMI Group in accordance with business requirements, as well as to
advise on business direction based on legal risk management interpretation.

Responsibilities and work outputs

  • In collaboration with the Head: Legal plan for, implement and take joint accountability for the best
    practice framework of Legal Risk Management in response to the ISCOE business strategy
  • Provide support to the Head: Legal in furthering the aims and objectives of the Governance
    Services function of the ISCOE
  • Ensure that all internal contracting parties understand the content and implications of contracts
    proposed and/or entered into
  • Evaluate contracts relative to the abovementioned business understanding and advise the
    business of the implications of all contracts
  • Drive the management and amelioration of risk arising from litigation.
  • Continuously strive to enhance and improve the Legal Risk Management processes at divisional
    and business unit level
  • Contribute to the design, implementation, monitoring and reporting on a process to gather
    organisational feedback regarding the application of Legal Risk Management practices, processes
    and performance
  • Represent and market this process internally to peers and internal clients
  • Contribute to the identification of Legal Risk Management process issues, analysis of external
    benchmarks, and development of solutions to determine the best operational course of action
  • Establish and promote healthy vertical and horizontal business processes that ensure efficient
    and effective client delivery within set expectations and agreed performance standards in the area
    of accountability and the overall optimisation of the value chain for Momentum Investments
  • Drive and ensure compliance to the ISCOE governance, relevant legislation and risk mitigation
  • Implement and monitor service practices that meet clients and own organisations needs
  • Ensure effective relationships and SLA management with internal and external stakeholders
  • Build and maintain excellent relationships between the Legal Risk Management team and key
    internal interest groups
  • Ensure optimised customer service when dealing directly with end-user clients
  • Contribute to a service culture which builds rewarding relationships, proposes innovations and
    allows others to provide exceptional client service
  • Provide a professional Legal Risk Management service
  • Participate in the design and application of a stakeholder feedback capability in respect of Legal
    Risk Management service delivery
  • Contribute to the competitive edge of Legal Risk Management in MMI through external networking
    and benchmarking in industry and national forums
  • Track and address Legal Risk Management related complaints and identify trends and major
    issues to be addressed
  • Set a stellar example by always living the values of the ISCOE
  • Share and transfer product, process, legal and systems knowledge to colleagues
  • Collaborate and work with the relevant business units to deliver required service level.
  • Actively participate in the Legal team to ensure functional balanced scorecard objectives are
  • Ensure achievement of own performance objectives
  • Actively share information with other team members regarding successes, issues, trends and

Competencies required

  • Knowledge of and exposure to the asset management industry and related legislation
  • Sound corporate and commercial legal knowledge
  • Analytical and problem solving skills
  • Capable of working in a high pressured environment and ability to exercise independent
  • judgement
  • Ability to prioritise
  • Accountability
  • Legal compliance
  • Efficiency improvement, process design and implementation
  • Teamwork and cooperation
  • Relationship management and networking
  • Leading and living the vision and values
  • Service delivery

Experience and Qualifications

  • LLB or similar legal qualification
  • Admitted attorney an advantage
  • Minimum 8 years experience in commercial and corporate law, with substantial experience in the
    financial services industry, which experience must specifically include: Good understanding of
    derivative financial instruments
  • Sound legislative knowledge of the regulations impacting the investment and financial services
  • Knowledge of ISDAs, CSAs, GMRAs and GMSLAs
  • Knowledge of Financial Products
  • Advanced skills in negotiating and drafting of commercial contracts, including investment related
  • Application of legal principles in all spheres of commercial and corporate law
  • Providing general legal advice, including legal research
  • Identification and mitigation of legal risks within the business
  • Experience in managing people

Should you not hear from us within 2 weeks of application please note that your application has been unsuccessful.

Desired Skills

  • Senior Legal Counsel
  • Legal

Desired Work Experience

  • 2 to 5 years Legal Advisory

Desired Qualification Accreditation

  • Grade 12 / Matric

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