RETAIL BANKING SENIOR LAWYER - (260002KA)
Job Purpose: To provide the research, legal advisory services and opinion provision to address any questions or requests received from Retail Banking area in order to ensure consistency and compliance of legal advice with various laws, regulations and ongoing legal amendments Key Accountabilities: Legal Advice 1. Provide reliable advisory opinion on various legal matters, cases related to CIB retail banking business lines, subsidiaries and provide their management with sound recommendations and supporting documentation (relevant laws, decrees, regulations, etc.) to ensure effective and consistent legal handling of various cases and issues while maintaining alignment to various laws and regulations. 2. Draft standard agreements concluded with the bank’s vendors as well as the banks forms in order to ensure consistency and compliance with laws and regulations. 3. Provide feedback on the standard operating procedures from the legal aspect in relation to the retail banking services and products. Legal Updates 1. Conduct legal research on various legal issues and seek the opinion of different legal groups to ensure providing a conclusive legal opinion that consolidates different views and perspectives. 2. Highlight the effect of updates or amendments to the existing Laws / Regulations, on the Bank’s different tasks / operations.
Qualifications & Experience§ Bachelor in Law§ Registered as a lawyer in the Courts of Appeal at the Egyptian Bar Association.§ 3-5 years of experienceSkills§ Good command of English and Arabic Language.§ PC Literate.§ Excellent knowledge of applicable laws.§ Presentation Skills.
: Egypt-Cairo-TIBA BLDG.
: Back Office
: CEO AREA
: Day Job
Job Type: Full-time Employee
Commercial International Bank was established in 1975 as a joint venture between the National Bank of Egypt (NBE, 51%) and the Chase Manhattan Bank (49%) under the name "Chase National Bank of Egypt”. Following Chase's decision to divest its equity stake in 1987, NBE increased its shareholding to 99.9%, changing the Bank’s name to Commercial International Bank (Egypt) S.A.E. NBE’s stake gradually decreased through several public offerings till reaching 18.7%. In 2006, a Consortium led by Ripplewood Holdings acquired NBE stake. In July 2009, Actis, a leading emerging markets private equity firm, invested US$ 244 million to get shares in CIB, acquiring hence 50% of the Ripplewood Holdings Consortium’s stake. Five months later, Ripplewood sold its remaining 4.7% stake over the open market, marking the successful transition of strategic partnership to be with Actis, who then became CIB’s largest shareholder with a 9.1% stake. In March 2014,Actis sold a portion of its holding, representing 2.6% of the Bank’s total outstanding shares, in the open market to a group of international investors. In May 2014, Actis, successfully realised its investment in CIB and sold its remaining 6.5% to Subsidiaries wholly owned by Fairfax Financial Holdings Ltd “Fairfax”.
CIB is Egypt’s leading private sector bank, offering a broad range of financial products and services to its customers, including enterprises of all sizes, institutions, households and high-net worth individuals. CIB strives to provide superior financial solutions to meet all customers’ needs. Having the strongest brand equity rightfully places CIB as the bank of choice for over 500 of Egypt’s largest corporations. CIB shows tremendous potential within the bourgeoning Retail and SME Banking markets. Through its superior management, high-operating standards, corporate governance best practices and training programs,CIB has succeeded in becoming the most profitable commercial bank operating in Egypt for more than 40 years.
