NBC is the oldest serving bank in Tanzania with over five decades of experience. We offer a range of retail, business, corporate and investment banking, wealth management products and services.

Job Summary

The job holder is responsible for providing support to the Head of Legal (NBC) in the provision of legal advice to Business Units in NBC with a particular focus on Corporate and Investment Banking (CIB) and Business Banking (BB). This role also involves identifying and managing legal risks across NBC

Responsibilities or duties

Job Description

• Understand and articulate the strategy/goals for the team and broader department
• Understand needs of Business Unit and provide legal advice and/or opinion, research and support to business in area of specialisation to enable the provision of legal risk management and identify which legal risks are commercial in nature
• Ensure that legal advice and/or opinions are current and correct by remaining up to date with the latest legal developments
• Provide legal advice on a wide range of corporate and investment banking solutions, products and services, including Debt and Capital markets, trade finance, project finance, syndicated lending, structured finance, derivatives and securitization.
• Provide tailored, commercial advice and recommendations on legality, the lawfulness and enforceability of agreements and documents as well as concisely explaining legal risks, concepts and clauses to Business Units.·
• Have a good understanding of relevant products and services across NBC and Group and assist in structuring, negotiating and drafting legal agreements and documentation·
• Provide legal support to Business Units at meetings with other banks and/or clients and assist them to negotiate the terms of legal agreements, security documents and other documents especially where deadlocks are reached in negotiations between the bank other banks and/or clients·
• Ensure that legal agreements, security documents and other documents contain adequate provisions to manage and mitigate legal risks
• Oversee perfection and registration of security interests in Tanzania and other jurisdictions (if required) and provide or secure legal opinions on collateral enforceability and perfection compliance.·
• Ensure effective and appropriate verbal and written communication of the legal risk control framework policies to Business Units·
• Monitor compliance of the legal risk control framework and immediately report any breach of the legal risk control framework to the Head of Legal & Company Secretariat and accurately record legal risks on the legal risk reporting forms·
• Act on legal risks notified in the legal risk reports to ensure the successful mitigation of the risks·
• Provide legal input on draft bills, regulatory documents and regulations issued by governmental departments and/or regulatory body·
• Manage any litigation or claims by or against the bank including negotiating settlement agreements in relation to relevant Business Units
• Exercise sound risk judgement based on practice, previous experience and ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise-Wide Risk Management Framework and internal Policies and Policy Standards·
• Act as lead legal support on complex and high-value CIB and BB transactions.·
• Liaise with external counsel and counterparties’ legal teams to ensure timely and legally compliant execution of transactions.
• Provide training to Business Units on legal documentation, developments and issues including the production of legal bulletins and seminars.
• Ensure that any changes to the legal or regulatory environment are correctly reflected in the documents contained in the Standard Legal Documents Databases NBC and in all other agreements drafted

Qualifications or requirements (e.g., education, skills)

Required Qualification and Experience:

At least 7 years’ post qualifying experience as an in-house legal counsel in a financial institution or at least 7 years working experience in a reputable law firm.

· Extensive knowledge of Banking and finance law

· Extensive knowledge of corporate lending transactions.

· Extensive knowledge of Commercial law

· Extensive knowledge of law of Contracts

· Extensive knowledge of Regulatory framework

· Experience in cross border transactions

· Commercial acumen with the ability to balance legal risk and business objectives.

Preferred

· Qualified Lawyer – Advocate of High Court of Tanzania or admitted in another recognized jurisdiction

· Expert working knowledge of finance and security documentation, both domestic and cross-border

· Project finance (including public private partnerships)

· Corporate and structured finance

· Good knowledge of Property law

· Good knowledge of Public Sector Finance

· Good knowledge of Trade (import and export) laws

· Good knowledge of mergers and acquisition

· Good knowledge of competition law

Qualifications

Bachelor Honours Degree – Law, Digital familiarity (Meets some of the requirements and would need further development), Ethics and values (Meets all of the requirements), Legal Advisory and Interpretation (Meets all of the requirements), Openness to change (Meets some of the requirements and would need further development), Reasoning (Meets all of the requirements), senior legal leadership experience, preferably in financial services

Experience needed

At least 7 years’ post qualifying experience as an in-house legal counsel in a financial institution or at least 7 years working experience in a reputable law firm.

· Extensive knowledge of Banking and finance law

· Extensive knowledge of corporate lending transactions.

· Extensive knowledge of Commercial law

· Extensive knowledge of law of Contracts

· Extensive knowledge of Regulatory framework

· Experience in cross border transactions

· Commercial acumen with the ability to balance legal risk and business objectives.

· Qualified Lawyer – Advocate of High Court of Tanzania or admitted in another recognized jurisdiction

· Expert working knowledge of finance and security documentation, both domestic and cross-border

· Project finance (including public private partnerships)

· Corporate and structured finance

· Good knowledge of Property law

· Good knowledge of Public Sector Finance

· Good knowledge of Trade (import and export) laws

· Good knowledge of mergers and acquisition

· Good knowledge of competition law

Ability to work under pressure and manage multiple complex transactions simultaneously

High level of professionalism, integrity, and judgment.

Ability to interpret and apply credit analysis and decisions.

Any other provided details (e.g., benefits, work environment, team info, or additional notes)

Bachelor Honours Degree – Law, Digital familiarity (Meets some of the requirements and would need further development), Ethics and values (Meets all of the requirements), Legal Advisory and Interpretation (Meets all of the requirements), Openness to change (Meets some of the requirements and would need further development), Reasoning (Meets all of the requirements), senior legal leadership experience, preferably in financial services

• Understand and articulate the strategy/goals for the team and broader department
• Understand needs of Business Unit and provide legal advice and/or opinion, research and support to business in area of specialisation to enable the provision of legal risk management and identify which legal risks are commercial in nature
• Ensure that legal advice and/or opinions are current and correct by remaining up to date with the latest legal developments
• Provide legal advice on a wide range of corporate and investment banking solutions, products and services, including Debt and Capital markets, trade finance, project finance, syndicated lending, structured finance, derivatives and securitization.
• Provide tailored, commercial advice and recommendations on legality, the lawfulness and enforceability of agreements and documents as well as concisely explaining legal risks, concepts and clauses to Business Units.
• Have a good understanding of relevant products and services across NBC and Group and assist in structuring, negotiating and drafting legal agreements and documentation
• Provide legal support to Business Units at meetings with other banks and/or clients and assist them to negotiate the terms of legal agreements, security documents and other documents especially where deadlocks are reached in negotiations between the bank other banks and/or clients
• Ensure that legal agreements, security documents and other documents contain adequate provisions to manage and mitigate legal risks
• Oversee perfection and registration of security interests in Tanzania and other jurisdictions (if required) and provide or secure legal opinions on collateral enforceability and perfection compliance.
• Ensure effective and appropriate verbal and written communication of the legal risk control framework policies to Business Units
• Monitor compliance of the legal risk control framework and immediately report any breach of the legal risk control framework to the Head of Legal & Company Secretariat and accurately record legal risks on the legal risk reporting forms
• Act on legal risks notified in the legal risk reports to ensure the successful mitigation of the risks
• Provide legal input on draft bills, regulatory documents and regulations issued by governmental departments and/or regulatory body
• Manage any litigation or claims by or against the bank including negotiating settlement agreements in relation to relevant Business Units
• Exercise sound risk judgement based on practice, previous experience and ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise-Wide Risk Management Framework and internal Policies and Policy Standards
• Act as lead legal support on complex and high-value CIB and BB transactions.
• Liaise with external counsel and counterparties’ legal teams to ensure timely and legally compliant execution of transactions.
• Provide training to Business Units on legal documentation, developments and issues including the production of legal bulletins and seminars.
• Ensure that any changes to the legal or regulatory environment are correctly reflected in the documents contained in the Standard Legal Documents Databases NBC and in all other agreements drafted

• Extensive knowledge of Banking and finance law
• Extensive knowledge of corporate lending transactions.
• Extensive knowledge of Commercial law
• Extensive knowledge of law of Contracts
• Extensive knowledge of Regulatory framework
• Experience in cross border transactions
• Commercial acumen with the ability to balance legal risk and business objectives.
• Ability to work under pressure and manage multiple complex transactions simultaneously
• High level of professionalism, integrity, and judgment.
• Ability to interpret and apply credit analysis and decisions.
• Expert working knowledge of finance and security documentation, both domestic and cross-border
• Project finance (including public private partnerships)
• Corporate and structured finance
• Good knowledge of Property law
• Good knowledge of Public Sector Finance
• Good knowledge of Trade (import and export) laws
• Good knowledge of mergers and acquisition
• Good knowledge of competition law

• Bachelor Honours Degree – Law
• Digital familiarity (Meets some of the requirements and would need further development)
• Ethics and values (Meets all of the requirements)
• Legal Advisory and Interpretation (Meets all of the requirements)
• Openness to change (Meets some of the requirements and would need further development)
• Reasoning (Meets all of the requirements)
• senior legal leadership experience, preferably in financial services