Job Description

Who are we?

The Sanlam Retail Affluent (SRA) cluster is responsible for Sanlam's retail business in South Africa. SRA provides clients across different market segments (entry-level, middle-income, affluent, professional market and business owners) with a comprehensive range of appropriate and competitive financial solutions. These include traditional life insurance risk and savings products, investment, retirement, health and fiduciary services. Designed to facilitate long-term wealth creation, protection and niche financing, these solutions are engineered around client needs.

We believe in creating and cultivating a positive, energised working environment that gives you every opportunity to achieve success. Sanlam is committed to transformation and embracing diversity. This commitment is what drives us to achieve a diverse workplace with employment equity as a key goal to create an inclusive workforce, representative of the demographics of our society as well as people with disabilities.

What will you do?

• Provide various business units with on time, up to date understandable, practical and relevant legal advice.
• Analyse disputes; consider, negotiate, implement and manage appropriate solutions.
• Facilitate the involvement of external lawyers.
• Consider practical and cost-effective alternatives, risks and trends.
• Consider short and long term implications of impending regulatory amendments, as well as implications for the industry.
• Negotiate, draft and vet all required legal agreements including but not limited to binders, outsourcing, intermediary agreements, SLA's, re-insurance agreements, data sharing agreements, NDA's, joint venture agreements, cross-border transactional agreements.
• Research, prepare and draft opinions required.
• Conduct and prepare impact analysis of regulatory changes.
• Manage litigation matters.
• Assist with risk and retirement fund product matters.
• Represent Sanlam Retail Affluent at required internal and external stakeholder engagements.

Role Requirements:

Qualifications:

• LLB or higher Law degree
• Admitted Attorney

Experience:

• At least 5 years' relevant experience within the Financial Services industry
• Experience in drafting and negotiating contracts
• Experience in managing litigation

Knowledge:

• Good knowledge of legislation impacting Sanlam Life including the FSRA, Insurance Act and Prudential Standards, Retirement funds legislation, FAIS Act and Code of Conduct.
• Good knowledge and understanding of contract negotiating and drafting.
• Sound knowledge of legal research and writing of legal opinions.
• Analysis of and determining business impact of regulatory developments.
• Good knowledge of litigation and ADR processes.

Core Competencies:

• Cultivates innovation
• Customer focus
• Collaborates
• Drives results
• Being resilient

Competencies

• Communicates effectively
• Strong business acumen - ability to understand the big picture and an understanding of commercial and financial principles
• Decision quality - ability to make balanced and sound recommendations and decisions.
• Analytical thinking
• Plans and aligns
• Concern for accuracy - attention to detail
• Independence
• Building relationships - proactively establishing and maintaining relationships with key stakeholders to accomplish organisational goals
• Computer skills (MS Office)

Build a successful career with us

We're all about building strong, lasting relationships with our employees. We know that you have hopes for your future - your career, your personal development and of achieving great things. We pride ourselves in helping our employees to realise their worth. Through its four business clusters - Sanlam Life and Savings, Sanlam Investment Group, Sanlam Emerging Markets, Santam, as well as MiWay and the Group Office - the group provides many opportunities for growth and development.

Turnaround time

The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers.

Closing date: 11 August 2023

Our commitment to transformation

The Sanlam Group is committed to achieving transformation and embraces diversity. This commitment is what drives us to achieve a diverse, inclusive and equitable workplace as we believe that these are key components to ensuring a thriving and sustainable business in South Africa. The Group's Employment Equity plan and targets will be considered as part of the selection process.

Sanlam