Director Legal

Job description / Role

Banking - Corporate

Key roles and responsibilities

Responsibilities

Assist the Head of Legal & Board Secretary in the development of the department's strategic and operational budgets; monitor expenditures against the budget(s) to ensure minimum variances.

Assist the Head of Legal & Board Secretary in the development of the department's policies and procedures to ensure that they promote leading practices and comply with laws and regulations.

Plan, organize, direct and monitor the implementation of the approved legal yearly plans as well as the associated reviews and consulting services.

Draft and develop EDB's standard contract templates from a legal perspective to ensure that the bank's interests are well protected.

Coordinate with legal consultants or liaising agencies for legal cases and dispute resolutions.

Provide legal advice and assistance to the Chief Executive Officer and Executive Management with respect to legal compliance issues on concerned business matters and any other legal assistance required.

Support the Head of Legal and Board Secretary in overseeing legal processes, including court actions where necessary.

As part of regulatory compliance, prepare monthly and quarterly reports for the department and executive management.

Continuously monitor compliance with legal obligations and advise management accordingly.

Oversee the legal affairs of EDB to ensure that the bank is protected from a wide variety of legal risks (contractual risks, litigation risks, etc.) arising from EDB's business ventures.

Assess and approve affiliation of external lawyers with the entity, notaries, court clerks, or other legal associates.

Coordinate with management for consultation and strategic direction with compliance related to contractual, legal, and regulatory obligations.

Ensure required information and documents are provided to the external lawyers to defend court cases.

Review written correspondence and contracts between EDB and relevant parties to avoid potential legal implications and ensure compliance with legal requirements.

Review and draft contracts, legal agreements, documents, and forms for transactions to ensure they are compliant with relevant laws and regulations.

Oversee the maintenance of the legal database which captures legal references, areas of law of special interest to the company such as company and labour law, legal journals, etc., to ensure that adequate legal information is available for reference.

Follow up on cases and legal proceedings concerning EDB, and provide any other legal assistance required such as the review of external communication protocols and publications.

Keep the Executive Management updated on all legal matters as and when required to ensure communication to top management.

Liaise with all ministries and governmental agencies for all legal matters pertaining to the bank.

Advise the department when changes to laws and regulations may require changes in standard form documentation that may affect the products and servicing offered by EDB.

Ensure safeguarding of the assets, reputation, and operations of EDB against legal risks arising in relation to its business relationships, contracts and agreements, compliance with laws, and litigation.

Provide the required support and interpretation in cases of disputes on interpretation of contract terms and conditions and address any contractual irregularities that may arise.

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