Group Executive- Legal, Governance and Regulatory

SUMMARY:
This role plays a critical role in enabling the successful execution of the company strategy by fostering a sound legal, governance, and compliance environment that supports performance and innovation. It proactively identifies regulatory and legal developments together with their strategic implications and guides the organisation in developing responsive, effective and commercially responsible solutions.

POSITION INFO:

1. LEGAL, GOVERNANCE AND REGULATORY COMPLIANCE

• Provide ongoing legal support and advice across the organisation to ensure both compliance with legal prescripts and the development of pragmatic solutions to legal challenges and opportunities.
• Identify and assess strategic and operational risks and opportunities
• Successfully manage and give effect to all applicable external legislative, regulatory and compliance requirements.
• Lead and set strategic direction for the Legal, Governance and Regulatory Department
• Advise the Board, Board Committees and Group Exco on all legal, regulatory and compliance matters;

• Report timeously to the Board, Board Committees and Exco on all legal, governance, enterprise risk management, legislative, regulatory, compliance management and protection services related matters and to the Regulator (where relevant and appropriate)

• Collaborate with the Corporation’s Executive Committee to develop and craft corporate strategy that takes into account global and local regulatory trends and anticipates Legal, Governance and Regulatory challenges.
• Scan the current and future legislative / regulatory / governance / compliance environment and conduct strategic assessments to determine events, developments and trends that have potential impact on the company and develop ways of mitigating adverse impact or harnessing positive impact.
• Document and package key legislative, regulatory, compliance, governance and legal trends and their implications into a PESTLE analysis to inform strategy crafting and execution.
• Assess and make recommendations on the company’s compliance with the requirements of its enabling legislation ( ECA etc.)
• Monitor progress on any amendments to the company Act and make recommendations on ways in which the Act may best be structured or formulated to serve the needs and interests of the company
• Develop practical and actionable solutions to complex legal, regulatory and compliance issues.
• Pro-actively comment on and make input into any new legislative, regulatory, compliance and / or governance artifacts and / or changes to ensure that the company’s ‘voice’ is heard and accommodated.
• Pro-actively report on compliance with key governance / regulatory frameworks such as King 5 and its subsequent amendments.
• Develop, manage and ensure the ongoing relevance and applicability of governance frameworks.
• Facilitate implementation of appropriate compliance processes and practices to ensure that obligations are well understood, embedded into the business processes, monitored appropriately and subject to regular and timeous review as may be required.
• Oversee the development and implementation of Governance, risk and assurance policies, procedures and internal control measures.
• Regularly and timeously review the company’s level of compliance with legislation / regulations and report on such compliance, together with the underpinning factors contributing to such compliance / non-compliance to the relevant Board Committees and the Regulator (where relevant and appropriate).
• Align the work of the Legal, Governance and Regulatory Department to the company Strategy, Corporate Plan and the relevant functional / Divisional strategies and Annual Operating Plans, inclusive of those factors that drive business success and / or contribute to strategic and operational challenges / opportunities.
• Providing training, advice and support to business on new legislation, regulations, amendments as well as on sound governance and compliance with internal policies and controls.

1. BUSINESS OPERATIONAL EFFICIENCY AND RISK MANAGEMENT

• Assess and make recommendations to address all potential legal risks across the organisation.
• Provide cost-effective and efficient legal services and support through the optimal usage of internal and external resources.
• Provide recommendations on key legal / governance / compliance risks and control issues within the company Strategy and Corporate Plan as well as across strategic / material projects, initiatives, new products or process changes.
• Provide advice to the company on addressing and resolving incidents identified through the Incident Management process.
• Assess and ensure that auditable systems, processes and practices are in place in every facet of the company’s operations as well as within all other functional units.
• Manage, monitor, assess and evaluate the Internal Audit function, the value it contributes and its impact on the company’s business.
• Act timeously and pro-actively to prevent wasteful and fruitless expenditure in compliance with the PFMA and any applicable regulations.
• Manage, facilitate and set risk tolerances within the Risk Management Framework.
• Maintain all relevant strategic and operational risk registers.
• Participate in managing RIS data to ensure that the data is appropriate in terms of integrity, quality and content.
• Participate, facilitate and lead regulatory reviews as may be required.
• Participate as required in audit processes (both internal and external).
• Provide input into the development and implementation of relevant operational and compliance risk policies that support the integrated framework for operational and compliance risk.
• Provide strategic direction to the company security obligations as a National Key point and ensure a safe and protected environment for all of its employees.

1. MONITORING AND EVALUATION

• Monitor and report on all current and potential legal matters facing the company.
• Monitor and report on the company’s strategic and operational risk / compliance profile.
• Monitor KRI's, assess key trends and their implications and manage accordingly.
• Escalate risks, control weaknesses or compliance breaches that remain unmitigated and outside reasonable tolerances.
• Perform second layer assurance on selected key controls.
• Monitor and evaluate the overall security program of the organization.

1. STAKEHOLDER MANAGEMENT

• Play an active role in assessing and documenting strategic risks through a thorough understanding and appreciation of the company Strategy and Corporate Plan, its strategic context as well as its business priorities.
• Deliver real and perceived value to all Business Partner relationships.
• Align LGR Strategy to the regulatory and compliance requirements of each business partner.
• Manage and champion business partner relationships constantly seeking out ways of adding further value to the business through advice, support, collaboration, coaching, education
• Ensure effective communication of all safety-related issues

1. LEADERSHIPAND PEOPLE MANAGEMENT

• Strategic Thinking: The ability to conceptualise, prepare and develop strategies that will cope with changing environments and consider the various challenges that lie ahead.
• Driving Results: The ability to recognise which results are important and the steps needed to achieve exceptional outcomes through applying effort where the most effective and economical outcome is identified.
• People Management: The ability to optimize workplace productivity and promote professional growth by unlocking and channelling employee potential through developing, motivating and directing employees to support current and future business needs.
• Stakeholder Connecting: The ability to develop and maintain strong relationships with individuals, groups or organisations with impact or interest in the work/project/organisational strategy both inside and outside the organisation.

• Post Graduate Degree (NQF8) in Law and LLM / MBA or Relevant qualification (NQF9)

• At least 15 years’ post admission experience as an Attorney/ Advocate and at least 8 years’ experience in Governance, Risk and Compliance in major Corporations, 5 years of which should be at Senior Management Level.

• Governance, Risk and Compliance requirements
• Relevant regulatory frameworks
• King 5 Report and ongoing amendments and subsequent reports
• Interpretation of statutes
• Institute of Directors guidelines and recommendations on best practice for governance
• Business planning experience.
• Budget management
• PFMA and relevant National Treasury regulations.