Legal Officer ( CRR Specialised Legal )
stanard bank
4d ago

Job Details

Group Shared Services : driving operational excellence, transparency and continuous improvement across our business, by leveraging scale, capabilities and innovation.

Job Purpose

  • To optimally, effectively and efficiently manage each matter in the specialised legal portfolio through the Legal process whilst maintaining the integrity and reputation of the Bank.
  • To ensure that all risks in the collection process are properly considered and reported upon.
  • To review, investigate report and escalate high risk defences and allegations.
  • To contribute to and support the strategic goals and vision of Credit Rehabilitation and Recoveries.
  • To restructure facilities (wherever possible) in consultation with operations, the debtor and the attorneys.
  • Key Responsibilities / Accountabilities

  • Keep and maintain detailed and accurate records.
  • Create and maintain a paper legal file for all matters.
  • Keep and maintain a full set of papers within the annexure file, including attachments and other source documentation for all matters.
  • Maintain an effective diary system.
  • Conduct product search to establish the full exposure of the client(s) within SBSA.
  • Working in teams, sharing of skills and multi-skilling.
  • Perform a checking function, review the legal action taken and scrutinise documentation ensuring there are no reasonable grounds for a future judgment to be rescinded.
  • Proactively and regularly review and follow up on the past and future legal steps and processes.
  • Ensure all external vendors adhere to the terms of the service level agreements, controls and policies.
  • Control and review all billed professional fees.
  • Adherence to proper housekeeping processes.
  • Contribute towards the effectiveness and cost efficiency of the department and ensure that strategic and departmental objectives are achieved.
  • Compile and assist in the compilation of daily, weekly and monthly matrix reports for the portfolio.
  • Attend consultations, together with witnesses, attorneys and counsel in the preparation of matters for trial and other court applications.
  • Provide instructions to attorneys (within mandate) and communicate instructions provided by management.
  • Attend to a thorough risk analysis and review all documentation, pleadings and defences prior to trial and highlight any concerns with management.
  • Attend reckless lending and other appropriate legal forums relating to the job and provide these forums with relevant and appropriate feedback.
  • Consult with internal stakeholders.
  • Source and track down witnesses relevant to the court case.
  • Source outstanding source documentation relevant for the litigation process.
  • Attend court and testify for the bank (where required)
  • Assist in the preparation of, signing and commissioning, of all affidavits required by attorneys and council within defined timelines and court rules.
  • Collate and refer back to product / credit any deficiencies in processes, documentation and systems which have led to unsatisfactory legal outcomes.
  • Compliance with statutory, regulatory and supervisory requirements and protect the reputation and integrity of the Bank and to avoid legal action or sanction in respect to non-
  • compliance to regulatory matters.

  • Taking timeous and appropriate action and decisions to promote a successful outcome to the litigation process.
  • Negotiate, consider, evaluate and approve settlements within mandate and refer others outside of mandate to management with written recommendations.
  • Escalate any apparent risks in the litigation / collection process that may impact on the integrity and reputation of the Bank.
  • Review, investigate and report on any defences raised that may have or have a compliance and industry impact, E.G, allegations of reckless lending.
  • Assist in the assessment of rescission, appeal and variation applications in Debt review space.
  • Provide basic legal guidance and subject matter expertise, to stakeholders.
  • Maintaining high ethical standards to prevent market abuse.
  • Reporting any breaches and exposures to the departmental manager and / or the area’s Regulatory compliance officer.
  • Being aware of legislation, case law and policy changes applicable to the business.
  • Any delegated ad-hoc functions
  • Key performance measure

  • Work quality and accuracy, including the maintaining of files, systems and other records.
  • Regular follow up and review of all files.
  • Timeous preparation and consultations for trial.
  • Effective management of legal costs.
  • Housekeeping efficient and effective.
  • Timeous and accurate reporting.
  • Preferred Qualification and Experience

  • Admitted attorney for a minimum of 2 years.
  • Para-Legal certificate / diploma or Legal degree
  • Legal process including defended legal procedures.
  • Consumer protection Act
  • National Credit Act
  • Magistrates and High court rules
  • Prescription Act
  • Credit product knowledge
  • Three years in a legal collections department.
  • Knowledge / Technical Skills / Expertise

  • Legal process including defended legal procedures.
  • Consumer protection Act
  • National Credit Act
  • Magistrates and High court rules
  • Prescription Act
  • Credit product knowledge
  • CPS / TCS
  • Microsoft Office Outlook, Word and Excel
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