Senior Legal Advisor - Newlands CPTFull job descriptionJob Advert SummaryWho are are:PPS Investments Group is a subsidiary of Professional Provident Society Insurance Company Limited, which has been around for more than 80 years. We are a purposeful, intergenerational mutual investment business that serves the professionals that serve South Africa and believe in a focus on education as the most effective way of building resilience for South Africa. PPS Investment operates under the ethos of mutuality delivering value by supporting its members and sharing the profits of the company and investment returns from long-term growth assets with them. Our purpose is to empower graduate professionals to live the lives they want to live by providing diversified and flexible investment solutions that are mutually beneficial to our members.This role will provide legal counsel/advice and oversight to the broader PPS Investments Group. Ensure that in-house legal process are adhered to and legal advice is provided to the executive management team (exco) in relation to PPS Investment Group operations. Support Executive with the implementation of the legal strategy to enable strategic business initiatives and outcomes.Minimum RequirementsIdeal experience:5+ years’ experience in a financial services environment.Experience/ knowledge of investments products, asset management industry, Pension Funds, Management Companies, Linked Investment Service Providers.Ideal qualifications:LLB/ admitted attorney.Postgraduate Diploma in Law or Business Administration would be advantageous.Competencies & ideal personality attributes:Ability to exercise independent judgement and reasoning.Ability to manage resources where required.Ability to work independent and remotely if required.Excellent communication skills and ability to work within a broader team.Friendly and professional.Have a good understand of the regulatory environment of financial service providers.Systems knowledge:Proficient in MS Office.Working knowledge of legal research tools such Lexis Nexis, Sabinet, Sentinel.Duties and ResponsibilitiesProvide legal advisory support to business units and exco (advising on the impact of applicable laws, rules and conduct standards in respect business activities and potential impact).Provide legal counsel to assist with strategy development, implementation and execution within PPS Investments Group as well as the broader PPS Group of companies.Manage contract management process – provide oversight in relation to drafting of all legal agreements, service level agreements, investment mandates and administrate agreements required in relation to PPS Investments Group operations.Provide legal opinions on matters impacting PPS Investments group and its related financial products and transactions specifically in relation to category I, II, and III financial service providers. Where required provide legal support to the PPS Retirement Funds and PPS Management Company and where required engage with external counsel to obtain such necessary external support as may be required.Assist with submissions of regulatory applications and facilitate engagements with the Financial Sector Conduct Authority (FSCA) where required. Represent PPS Investments Group on certain Association of Savings South Africa (ASISA) regulatory working groups.Develop tactical responses to changes in the legal environment and provide impact analysis in respect of following legislation, inter alia:Collective Investment Schemes Act and subordinate legislationASISA and FSCA Standards/Guidelines;Pension Funds Act and Regulation 28;Long Term Insurance Act (Insurance Act) and Regulations; andFAIS and FICA (as and when required);Companies Act, Competition Act;And such applicable legislation as may be required.Facilitating the implementation of control measures to mitigate legal risks, advise business on legal risks that may impact strategic or operational objectives, ensure that legal liability in relation to all business transactions are fully considered and communicated to stakeholders within the agreed timeframe in through the operate governance structures within PPS Investments Group.Lead and develop junior legal resources within the team.Ensure that the PPS Investment combined governance assurance model is fully implemented within the broader PPS Investments business units.Assist the PPS Investments Compliance team with regulatory oversight, legal interpretation of legislation and where applicable provide input to impact analysis.Assist the business with understanding the industry regulatory landscape through various advisory and educational initiatives.
