Closing Date 2025/02/10
Reference Number LAN241118-1
Division Legal Services
Unit Legal Services
Job Type Classification Permanent
Location - Country South Africa
Location - Province Gauteng
Location - Town / City Johannesburg
JOB ADVERT SUMMARY
The Land and Agricultural Development Bank of South Africa (Land Bank) is South Africa’s only specialist agricultural bank established in 1912, the bank’s sole objective is to serve South African commercial and emerging farmers and bring specially designed financial services within their reach. These services enable farmers to finance land, equipment, improve assets and obtain production credit. The Land Bank provides financial services that have moved with the times and continues to provide services to agri-business and constantly reviews its offerings to ensure that they match the needs of an industry. As change has swept across the sector in South Africa the socio-economic makeup of agriculture has altered, bringing new entrants from historically disadvantaged backgrounds on to the land, these new farmers, facing the challenges of establishing sustainable agri-businesses across the agricultural value chain, Land Bank has been a commercial lifeline offering appropriately designed financial products that facilitate personal and commercial viability in a sector that is vital to the sustainability of South Africa and its people.
MAIN PURPOSE OF THE JOB
1. To set the legal strategy and framework for the Land Bank in alignment with the Corporate Plan, to assess and manage the legal and regulatory environment pertaining to the business of the Bank.
2. Through operationalisation of the strategy supports the legal recovery process with the focus being minimisation of losses.
3. Establishes policies and procedures to regulate the operations of the Land Bank. Develops operating model to provide Legal guidance across all matters throughout the Land Bank.
KEY PERFORMANCE AREAS
Develop Legal Strategy:
Align the legal strategy with the Land Bank's corporate plan, ensuring compliance with relevant legislation, and providing strategic advice to the executive committee (Exco) and the Board. This includes conducting research on legislation, trends, and impacts, as well as formulating innovative legal plans.
Establish Legal Policies, Processes, and Procedures:
1. Oversee the creation, implementation, and regular updates of legal policies, ensuring alignment with statutory requirements and company needs.
2. Monitor adherence to these policies, mitigating risks, and maintaining audit compliance.
Define Legal Service Delivery Framework:
1. Develop a comprehensive legal framework that supports Land Bank operations, covering areas such as recovery, guidance, consultation, contractual management, and compliance.
2. Regularly review and adjust the framework to meet evolving business requirements.
Legal and Regulatory Governance:
1. Provide assurance to the Exco and Board on legal risks and compliance with corporate governance standards.
2. Maintain a detailed risk register and enforce adherence to governance frameworks.
Legal Recovery Processes:
1. Develop strategies to reduce non-performing loans, align recovery processes with the Bank's objectives, and support property-related recoveries.
2. Set and monitor recovery targets to ensure financial stability.
Corporate, Commercial, and Conveyance Management:
Offer high-level legal advice on financial structuring, investments, and governance matters. Standardize and implement conveyancing frameworks to enhance operational efficiency.
Resource and Contract Management:
1. Define strategies for external resource engagement and oversee contractual relationships, ensuring quality assurance and compliance.
2. Provide advice on complex deals, disputes, and regulatory matters.
Stakeholder Management:
1. Foster strategic partnerships and maintain relationships that support legal functions.
2. Stay informed about legal developments to assess opportunities and strengthen collaborations.
Executive Functions:
Contribute to corporate strategy, provide legal advisory reports, represent the Bank in relevant forums, and drive synergies across divisions.
People and Financial Management:
1. Lead and manage the legal division, ensuring effective performance management, equitable resource allocation, and adherence to financial guidelines.
2. Foster innovation and alignment with Land Bank values while achieving financial and operational targets.
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