Head, Legal

1.  PURPOSE OF JOB

To provide advice, services and functional guidance on all legal matters which will enable smooth operations of Bank’s business. The Head will be fully responsible for managing the legal department

2.  PRINCIPLE ACOUNTABILITIES

2.1  RESPONSIBILITIES

• To head the Legal Department
• To provide Legal Opinions/Advice to Board and Management
• To provide Legal advice to Board and Management contractual obligations
• Drafting and negotiating all necessary documentation, providing specialist advice on all legal matters.
• Participating in all aspects of the development and implementation of legal/policy changes
• Assisting management in ensuring the decisions made on all legal matters are risk free.

&#149  The Preparation of regular reports on cases and status of different legal issues.

&#149  The Vetting of all legal documents. 

&#149  Custodian of all legal documents

&#149  Custodian of Company Seal

&#149  Manage the whole process of preparing security documents 

&#149  Ensure the bank complies with the relevant regulations

&#149  Deal with all banks legal correspondence

&#149  Deal with and solve all complaints and court related matters involving the bank 

&#149  Liaise with external legal consultants in cases and security documentation

&#149  Report& Update the Management, Credit Committee and Audit Committees on the status of collateral securities and on all relevant legal issues of the bank

&#149  Liaise with Credit Processing, Credit Administration, Credit Risk, Risk Department and Audit Department on collateral security and all legal issues

• Assisting the bank in recovery of bad debts by issuing statutory notices.

&#149  Arrange and coordinate with external documentation consultants 

&#149  Attend to court cases end to end (from filing till judgement) and decree execution,

&#149  Assisting in recovery efforts through all legal means

&#149  Provide guidance on legal documentations

&#149  Prepare reports for Management

• Providing leadership to subordinates, mentoring and grooming them for higher positions in the Bank
• Continuously appraising subordinates on their performance and actual carrying out of Performance Appraisal exercise when due.
• Performing any other duties as may be assigned by superior from time to time.

2.2  FINANCIAL RESPONSIBILITIES

&#149  All financial implications related to filling and registration fees and other related charges etc at BRELA, Land registry office and any other offices.

2.3  INDEPENDENT DECISIONS

&#149  Giving legal opinions

&#149  How to conduct registration of securities in a perfect and timely manner

&#149  Reviewing security documents

&#149  Seek customers’ execution of security documents where and when it’s deemed necessary 

2.4  INTERACTION WITH OTHERS

Internal: Regular contact with Corporate and Branch Staff

External:Regular interaction with external advocates and customers

3.  QUALIFICATIONS AND EXPERIENCE

&#149  A holder of Bachelor of Laws Degree, LLM/MBA is an added advantage.

&#149  Must be registered as an Advocate of High Court.

&#149  Should have 4 years experience in the relevant field.

&#149  Experience in preparation / vetting of legal documents and registration of securities, to mitigate legal risk on financial transactions, largely Credit exposures

&#149  Experience in dealing with legal fraternity / regulators / banking associations – sub groups  in Tanzanian banking industry.

4.  COMPETENCIES REQUIRED

&#149  Ability to comprehend, analyse and implement the legal framework for a banking institution;

&#149  Very good understanding of the local laws, particularly relating to the Commercial deals and financial transactions;

&#149  Ability to opine on all financial / non-financial matters typical to a Banking Institution

&#149  Good understanding of the complete life cycle of credit recovery of ‘classified assets’

&#149  A good understanding of ‘Nuances of Credit recoveries’ through legal / quasi legal route  – viz. Compromise settlement / out of court settlements etc.

&#149  Ability to maintain a good rapport with peer group in the Banking Industry / legal counsels

&#149  Reliability and Maturity.

&#149  Flexible, mobile and dedicated.

&#149  Patient, polite and disciplined individual

&#149  Hardworking and loyal.

&#149  Confidentiality.

&#149  High level of integrity.

&#149  Self motivated.

&#149  Good Analytical skills.

&#149  Good Interpersonal skills.

&#149  Ability to work independently under pressure.

5.  OTHER

&#149  Carry out work in accordance with the banks procedures

&#149  Perform the assigned tasks with due diligence

&#149  Eliminate waste of whatever form, suggest the use of new practices and contribute to the continuos improvement of the bank