Senior Legal Counsel

Abu Dhabi, United Arab Emirates

Job Description



Job Title Senior Legal Counsel

Description

First Abu Dhabi Bank (FAB) Al Qurm Business Park, Abu Dhabi, United Arab Emirates Full-time Division: Group Risk Management Sub Division: Group Legal
Company Description
Now its your time to join the #1 bank in the Middle East and one of the most prestigious financial companies in the region. Shaking up the world of banking requires a lot of smarts and skill. Were looking for the brightest and best to help us reach our goals and well also help you reach yours. Your success is our success as you grow stronger in your career. Join us and leave a legacy of your own, as a pioneer in both the company and the industry. JOB PURPOSE: The role assists the Head of Legal Global Corporate Finance & Islamic Banking manage legal risk in all the geographies where FAB operates in relation to FAB Islamic Finance activities in accordance with FAB Group legal policies and procedures. The role holder should be able to work autonomously, but should seek the Head of Legal Global Corporate Finance & Islamic Bankings input on unusual situations, complex matters, and issues which may pose significant legal, financial and/or reputational risk to FAB Group
KEY ACCOUNTABILITIES: Core Responsibilities Legal Advisory Provides legal advice and support to the business while keeping in mind FABs strategic and business objectives. Provides direction and guidance to facilitate FABs compliance with all applicable international and domestic laws, rules and regulations. Collaborates with the Head of Legal Global Corporate Finance & Islamic Banking to establish, disseminate and implement the FABs Group legal policies. Completes legal tasks and projects in a timely manner and responds to legal queries assigned to him/her by the Head of Legal Global Corporate Finance & Islamic Banking. Supports FAB subsidiaries and international branches by providing general legal oversight on legal risks associated with FAB Global Corporate Finance products and services. Litigation Supervises and is responsible for the adequate management of litigation or disputes pertaining to Global Corporate Finance between the business and its customers in the UAE and abroad. Represents FAB before the Notary Public, court experts, courts, and the police to resolve matters in the best interest of FAB. Reports relevant litigation matters to the Group General Counsel and Head of Legal Global Corporate Finance & Islamic Banking and provides updates to the relevant stakeholders. Legal Documentation and Review Drafts, reviews and negotiates contracts and other legal documents in order to maximise the FAB Groups legal protections whilst simultaneously minimising risks. Produces and regularly updates standardised legal agreements, contracts and standard terms and conditions for FAB in compliance with international best practices and applicable legal requirements. Assists the business in launching new products and conducts legal and regulatory due diligence on such products, including identifying risks and mitigants in all applicable geographies. Knowledge of External Environment Stays abreast of new laws and regulations through continuous legal education, attending professional conferences, and participating in professional associations. Provides updates to the FAB Group senior business persons on new legislation and regulatory developments that may have an impact on the FAB Group and advises FAB on how to comply with such new legislation and regulations. Knowledge Sharing Works closely and develops a positive professional relationship with the other members of the legal function and shares legal knowledge and best practices with legal colleagues, including providing formal and informal training sessions at the direction of the Group General Counsel and Head of Legal Global Corporate Finance & Islamic Banking. Stakeholder Management Liaises with the concerned external authorities such as courts and law firms to ensure effective resolution of all legal matters affecting FAB. Learning and Development Functions as a subject matter expert and provides input on learning and development initiatives including training content to ensure value addition and relevance. MIS and Reports Ensures that all reports related to own area are prepared in a timely and accurately manner, and meet the FAB Groups requirements, policies, and standards.
People Management Responsibilities Defines goals and key performance indicators for own reports and ensures effective implementation of the FAB performance management process. Develops talent within the team by providing guidance and coaching to achieve the defined goals. Job Context Specific Accountability Drafts, reviews and negotiates deal documentation for sharia compliant syndicated loans, project finance, leveraged/acquisition finance, real estate finance and asset finance transactions, agency requirements in loan documentation, debt restructurings and other complex lending agreements. Drafts, reviews and negotiates Islamic treasury and global markets products (IIFM/ISDA TMAs, collateralised murabaha agreements (Islamic Repos), interbank deposit agreements (murabaha and wakala) and debt capital markets products (sukuk). Drafts, reviews and negotiates sharia compliant consumer banking and business banking-related documents (e.g. accounts, credit cards, personal finance, car finance, mortgage finance, small business loans). Drafts, reviews and negotiates sharia compliant global private banking related documents (sharia compliant Lombard facilities and investment services related documents etc.). Drafts, reviews and negotiates sharia compliant bilateral facilities on standard form documentation and terms & conditions. Assists the business with review of existing standard form documentation developing and rolling out new sharia compliant GM, corporate banking, consumer & private banking products and services. Makes recommendations for improvements to policies and processes and streamlining the same to bring about efficiency and improve turn-around time. Relevant experience on the full spectrum of conventional finance (LMA syndicated loans, project finance, leveraged/acquisition finance, real estate finance and asset finance transactions, agency requirements in loan documentation, debt restructurings and other complex lending agreements) is a strong advantage. FRAMEWORKS, BOUNDARIES, & DECISION MAKING AUTHORITY: Functions within the framework and boundaries of Group policies as well as overall organisational and governance frameworks. Authorised to take decisions as per the approved authorisation matrix.
Qualifications
QUALIFICATIONS & EXPERIENCE: Minimum Qualification Bachelors degree in law Masters degree in law is preferred Qualified in the United Kingdom, the United States, Australia or European jurisdiction Minimum Experience Minimum of 8 years experience in a reputed bank or law firm, with at least 2 years in a similar role
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Job Detail

  • Job Id
    JD1467593
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Abu Dhabi, United Arab Emirates
  • Education
    Not mentioned