Sanlam Sky Vacancies – Legal Advisor

Job Description:

Sanlam Developing Markets [SDM] (a wholly-owned subsidiary of Sanlam Life Limited) is one of the top financial services providers in the South African entry-level and emerging middle market. It aims to understand the unique requirements of clients and offers a wide range of simple and affordable financial solutions that cover needs such as funeral insurance, savings for education, life cover and personal accident plans. In terms of the Sanlam Group Governance Policy, SDM is managed by the SA Retail Mass cluster, which is part of the Sanlam Life and Savings cluster within the Sanlam Group. The cluster focusses on retail porducts, as well as group schemes.

Job Responsibilities:

• Provide Legal training and development in terms of gaps identified in the business.
• Identify and communicate current and anticipated legal topics.
• Keep in safe custody legal documents and ensure that the legal registers are up to date.
• Sign off on all client facing documents (advertisements, marketing campaigns, application forms etc.) to ensure compliance with legislation.
• Identify instances where notifications should be submitted to the Financial Sector Conduct Authority and compile the notifications for submission: for example notifications relating to material changes to existing products, new products and terminations of group schemes.
• Provide services to SDM administered Retirement Annuity funds, in relation to updating of policies, drafting of contracts, research and communication to board of trustees
• Ensure that all legislative frameworks are up to date and reviewed annually.
• Draft legal newsletters to educate internal staff as well as external stakeholders that do not have legal background on the regulatory dispensation.
• Participate in various Fund Committees and provide legal advice in such Committees
• Cultivate and manage working relationships with a variety of stakeholders within Retail Mass.
• Draft new fund rules, in compliance with relevant legislation, responding to needs identified
• Provide monthly and annual reports to the Legal Manager.

Job Requirements:

• Adhering to principles and values
• Initiative
• Decision making
• Results driven
• Confident and decisive
• Planning and organizing
• Quality and detail orientated
• Communication (verbal and written)
• Analytical thinking
• Problem solving

Qualification & Experience:

• Min 5 years’ experience in Life Insurance space or group life insurance (Group Risk and/or Funeral products)
• LLB or equivalent legal Degree with extensive drafting and/or legal advisory experience
• Well-developed communication skills both written and verbal
• Contract drafting, litigation & arbitration process knowledge
• Min 3 years’ experience relating to retirement annuities/pension funds
• Have an in-depth understanding of the following legislation: – Financial Advisory and Intermediary Services Act, Long Term Insurance Act,
• Long-term Insurance Act Regulations, PPR, Financial Section Regulation Act and Protection of Personal Information Act,
• Proficiency in MS Office is essential
• Admitted Attorney
• Min 5 years’ experience in the Financial Services Industry

Job Details:

Company: Sanlam

Vacancy Type:  Full Time

Job Location: Johannesburg, Gauteng, SA

Application Deadline: N/A

Apply Here

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