Job Description
Legal Advisor Job. The Legal Advisor role encompasses a pivotal position within various sectors, offering crucial legal counsel and guidance to individuals, organizations, or institutions. With a profound understanding of the law and its applications, the Legal Advisor navigates complex legal landscapes, providing strategic advice and solutions to address legal challenges and mitigate risks. Whether in corporate settings, government agencies, or private practices, their expertise extends across diverse areas of law, ranging from contractual matters and regulatory compliance to dispute resolution and litigation support.
Responsibilities of Legal Advisor Job
- Identification and communication of potential financial risks with a legal implication.
- Establishment, alignment, and management of target and budget goals whilst ensuring effective control of costs the function to increase cost efficiency.
- Draft, review/update, and re-negotiate legal agreements, including Service Level Agreements and other legal documentation to adequately manage legal risks.
- Monitor relevance of legal documentation to ensure consistency across the business, and identify risks and within legal standards.
- Identify room for improvement or ‘loopholes’ in the current mandates space and provide general legal advice.
- Identify report and mitigate legal risk at a product, process, and/or channel level within the business unit.
- Benchmark current practices against the FRB legal risk management framework and adjust practices as and when necessary. Ensure legally compliant best business practices and policies in order to protect the organization from legal action.
- Identify and Communicate current and anticipated Legal issues/risks.
- Deal with litigation matters involving the business to manage legal risk and liaise with the Ombudsman when necessary.
- Proactively resolves disputes to avoid litigation and ombudsman referrals.
- Ensures optimal performance of both individuals and teams in order to achieve business objectives through effective development interventions.
- Manage own development to increase own competencies.
- Cultivate and manage objective working relationships with a variety of stakeholders, including external attorneys, FirstRand Group Legal Services, FNB Legal Services, business and external stakeholders, and industry bodies to ensure the business is in the position to obtain expert opinion on specialist areas of law.
Requirements
- Possession of a Bachelor of Laws (LL.B) degree or equivalent qualification from a recognized institution.
- Admission to the relevant bar association or law society.
- Proven experience in legal research, analysis, and interpretation of laws and regulations.
- Strong understanding of various areas of law relevant to the specific role (e.g., corporate law, employment law, intellectual property law, etc.).
- Excellent written and verbal communication skills.
- Ability to draft legal documents, including contracts, agreements, and legal opinions, with precision and clarity.
- Proficiency in legal software and research tools.
- Demonstrated ability to provide sound legal advice and solutions to complex issues.
- Strong attention to detail and analytical skills.
- Ability to work independently and collaboratively within a team environment.
- Ethical conduct and adherence to professional standards of integrity and confidentiality.
Education
- Degree in Law/LLB.
- Knowledge and experience in financial crime-related legal components including customer terminations.