Deputy General Counsel

Full-time

Executive

Cairo - Egypt

Job Description

Our partner, one of the benchmark players in local banking, serving millions internationally, is looking for a Deputy General Counsel to join their team in their Head office.

 

The main purposes of the job are as follows:

  • The Deputy General Counsel’s purpose is to defend and protect the bank’s rights and apply all laws and regulations.
  • Participates as a board member in the bank’s foundation’s BOT (Board of Trustees).
  • Participates, instructs, and reviews corporate governance and legal issues

Responsibilities

  • Represents the Bank’s Chairperson and Managing Director before all governmental and non-governmental (i.e. Central Bank of Egypt, Credit Monitoring Analysis or Arrangement, Police, Courts, Notary Public, etc.)
  • Assists General Counsel in directing and coordinating all departmental activities.
  • Replaces General Counsel during absence and for all work due to heavy stress and deadlines.
  • Identifies and advises the management on all legal risks related to the organization, administration, policies banking transactions, and specific matters to ensure compliance with existing laws and the bank’s policy.
  • Drafts, revises, advises on, negotiates, and concludes all major civil, commercial, and banking agreements in both languages, English and Arabic (including inter-Alia loan- corporate and other – settlement, syndicated loans, commercial and real estate mortgages, pledges, sale and transfer of shares agreements).
  • Prepares, supervises, controls, and directs registration of all mortgages and regularly reviews standard agreements, and banking forms (banking facilities, loans, mortgages, etc.).
  • Supervises all departments and represents the bank in litigation and other legal proceedings.
  • Executes, approves, and reviews legal work related to retail, IT, Corporate, Trade Finance, Correspondent Banking,
  • Private Banking, Operations, Treasury, Capital Markets and Investment Banking.
  • Provides legal opinions to all the bank’s branches.
  • Revises and instructs compliance with the bank’s Loan Documentation Manual.
  • Analyzes, advises, authorizes, and approves the course of action for different problems relating to client’s loans with the Bank, evaluates problems, and provides solutions.
  • Participates with the General Counsel on the Board/ Audit Committee of the Bank.
  • Participates and supervises the General Assembly work of the Bank.
  • Coordinates with the management of the bank’s in-house Social Insurance Fund with others.
  • Communicates, coordinates, and reviews with foreign Law Firms for advice on foreign transactions and overseas foreign litigation.
  • Conducts extensive negotiations on behalf of the Bank in various legal or otherwise transactions.
  • Translates numerous types of agreements and other legal documents from English to Arabic and vice versa.
  • Prepares regulatory reports to the authorities.
  • Reports to the CBE or Capital Markets Authority all required information and updates of the Bank.
  • Provides guidance to staff and exercise supervisory functions where necessary and when conflict arises for work priorities in tight deadlines.
  • Controls and monitors department expenses.
  • Conducts investigations with results in certain cases.
  • Participates with the following bank committees: NAP, Credit Committee, SM Committee, and SDDC.
  • Liaise with the bank’s Group for all business legal matters, cross-border transactions, New Products, etc.
  • Directs coordinates and monitors the department’s activities for litigation, seizures, inheritance, and execution of judgments.
  • Trains the bank’s legal staff for corporate matters.
  • Follows up with external law offices on required and recovery of debts.
  • Oversees foreign litigation
  • Draft bank forms and documentation
  • Reporting all results of Legal work on the forms required from the Group
  • Assists in directing, coordinating, monitoring, and reviewing results for all departmental activities and administers all legal matters in timeless with cost-effectiveness and coordination of conflicting priorities to effectively achieve job results.
  • Assists in recovery and collection of debts from defaulting clients, challenging tax authorities in different issues…etc.
  • Conducts handles investigations as required by the Bank or authorities and advises on course of action.
  • Assists as bank-appointed coordinator with Central Bank on all issues as well as EFSA (The Egyptian Financial Supervisory Authority), EGX (The Egyptian Exchange), Surveillance and Security Authority.
  • Review Monthly the TID report and update it.
  • Review policies and procedures and update management accordingly.
  • Participates as a board member in the bank’s foundation’s BOT (Board of Trustees).
  • Solves clients’ problems and facilitates the same with other departments.

Requirements​/Qualifications

Qualifications:

  • License en Droit
  • English graduate school
  • Graduate Studies preferable
  • Communication skills are important to deal with the bank’s departments and to be able to identify the legal issues clearly and analyze them, accordingly solving related problems
  • Being bilingual is important as the bank’s system is using both Arabic and English languages
  • Years of Experience 5-10 Years in the same position or a similar role.
  • Experience in Capital Markets Derivatives, ISDA Agreements (International Swaps and Derivatives Association) including negotiation
  • Experience in forfeiting Agreement concerning Banking transaction
  • Full awareness of Capital Market Law and regulations
  • Full awareness of Mergers and Acquisitions
  • Full awareness of Syndications
  • Theoretical Banking law, Commercial law, labor law, Capital Markets law, Investment Law, Civil law, Companies law
  • Corporate Experience (10 years min)
  • litigation experience (10 years min)
  • Practical banking experience (10 years min)
  • Negotiation experience
  • High communication / Human relations skills
  • Management/leadership
  • strategic planning
  • Fair knowledge of banking business
  • Economic knowledge
  • Corporate Governance full knowledge
  • Banking Business knowledge
  • Crisis Management and Prevention
  • Retail Banking Products
  • Corporate Banking Products

 

Training and Courses necessary for the position:

  • Legal aspects of Banking, management course, risk
  • Loan documentation training/syndicated lending
  • Egyptian Bar Association
  • Management Courses
  • Strategic Planning Course
  • Legal Risk Management
  • Banking Issues
  • Compliance training

 

Technical Skills required:

  • Strong analytical and problem-solving skills and ability to conduct research on a very wide range of relatively complex and cross-border products and transactions and make judgments that require creative thinking development of new products, concepts, and approaches, and contributing to advanced knowledge and thought
  • Proficiency in legal writing, preparing legal briefs and studies on a variety of legal issues and instruments or using the best resources to achieve the same
  • Very strong oral communication skills with authorities and in-house
  • Typing skills
  • Computer skills (Word – Lotus Notes), office work
  • Conduct research for legal issues and provide proper legal opinion
  • Very high communication skills with colleagues and authorities
  • Comprehensive theoretical knowledge of Banking Law, Commercial Law, Civil Law, Procedural Law, Constitutional Law, Tax Laws, Stamp Duty Laws, Criminal Laws, General International Laws related to banking in the U.K. and U.S. Mainly, Notary Public Laws, Real Estate Law, Labor Law, Money Laundering Law, Insurance Law, Investment Law, etc.
  • Non-theoretical knowledge of Banking Laws and Regulations through practice, significant experience in the application of legal principles in commercial Banking
  • Planning and Organizational skills including heavy-weight management functions to conflicting priorities and working to tight deadlines
  • Technology awareness and computer skills including in particular use of information base, internet, intranet, and link to the bank’s resources, legal library, lawyers, worldwide procedures and policies, and standard contracts
  • Very good sense of sound judgments and flexibility
  • Teamwork communications and respect for diversity and strong interpersonal skills
  • Long-term ability of strategic planning and vision from extensive business exposure and ability to direct business and add to it and advance the development of new concepts and products
  • Ability to establish and maintain an effective work environment with all departments, colleagues, and business partners
  • Very wide variety of experience needed to serve all areas/functions and businesses
  • Skills in developing and motivating people influencing them and changing behavior at work

 

Work Conditions:

  • Long working hours, highly stressful, needs prioritizing taking into consideration time limits
  • Closed area for concentration
  • Work Outside the bank with authorities, clients, external law offices, courts, governorates, or abroad.

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