Legal Risk Advisor
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Key skills for this role
About the Role
Doha Bank seeks a Legal Risk Advisor to ensure adequacy and effectiveness of legal risk management processes. The role involves identifying legal implications from contractual commitments, providing legal advice to Credit Risk, and ensuring compliance with local and international laws.
Key Skills for This Role
Responsibilities
- Contribute to formulation and implementation of strategy, annual business plans, policies and procedures of the Legal Risk unit
- Identify legal risks from transaction level credit exposures and review contract documentation
- Liaise with Legal Advisor on high risk legal issues and take mitigating actions
- Finalize Service Level Agreements with internal departments to improve turnaround time
- Coordinate civil/criminal actions against defaulting borrowers with Legal Function
- Supervise direct reports, allocate work, and conduct performance reviews
Requirements
- University graduate with a degree in Law or related discipline
- Master's degree in Law is an added advantage
- 8 12 years of total experience in financial services/banking industry
Full Job Posting
Role Objective
- The Legal Risk Advisor will be responsible for ensuring adequacy and effectiveness of the legal risk management processes.
- The incumbent will identify implications from potential and existing contractual commitments and adopt a pro active role to highlight and mitigate potential legal issues.
- The incumbent will also assume responsibility for providing sound legal advice to the Credit Risk Section while ensuring compliance with relevant local and international laws and regulations.
Detailed Roles and Responsibilities
- Contribute towards formulation of, and ensure timely implementation of strategy, annual business plans, policies and procedures of the Legal Risk unit.
- Ensure that the plans are within agreed budgets and timescales. Assist the Department Head in preparing progress reports to the Chief Risk Officer.
- Update self on regulatory requirements/changes set by QCB and other relevant government bodies.
- Develop and maintain robust working relationships with internal/external stakeholders.
- Perform all activities in compliance with local/foreign regulations, Doha Bank’s policies and approved Credit Risk Evaluation policies and procedures.
- Responsible for covering the legal risks that may be originating from transaction level credit exposures.
- Participate in the review and re assessment of all standard contract documentation between Doha Bank and customers.
- Ensure that the legal processes within the Credit Risk Section are operating effectively and efficiently.
- Review contractual agreements between Doha Bank and customers as and when credit terms and conditions/limits are modified.
- Continuously highlight high risk legal issues and take adequate and timely mitigating actions.
- Ensure that documentary requirements have been adhered to before engaging in a transaction.
- Finalize Service Level Agreements with internal departments to achieve improvements in turnaround time.
Educational Qualifications and Experience
- University graduate with a degree in Law or any other related discipline.
- Master’s degree in Law will be an added advantage.
- 08 12 years of total experience in financial services/banking industry, entailing responsibilities pertaining to legal risk.
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