Legal Counsel, Specialised Services at Rwanda Social Security Board (RSSB): (Deadline 11 January 2024)

Legal Counsel, Specialised Services at Rwanda Social Security Board (RSSB): (Deadline 11 January 2024)

Exciting Career Opportunity at the Rwanda Social Security Board (RSSB) – Legal Counsel Specialised Services 

Are you ready to embark on a transformational journey? We are seeking a dynamic and forward-thinking leader to join us as the Legal Counsel, Specialised Services. If you thrive in dynamic environments and are committed to innovation and transformation, this is the opportunity for you!

The Rwanda Social Security Board aspires to transform towards a modern, high performing institution that is committed towards high standards of governance and the provision of efficient and effective management of Board affairs.

This role offers a unique opportunity to offer your legal expertise on all corporate activities handled by RSSB, particularly around matters mobilisation, investment and financial resource management, and ensure that all RSSB ventures are well in compliance with the law.

If you have what it takes to work closely with a dynamic team of Directors and you are passionate about being part of a mission-driven organisation that prioritises the well-being of millions of individuals, then we are looking for you.

Reporting to the Chief Board and Legal Services Officer, the Legal Counsel, Specialised Services will be responsible for providing legal advice to RSSB and ensuring correct interpretation of, and compliance with the various laws, policies, rules and regulations governing RSSB in the mobilisation, investment and management of the financial resources and other assets.

About RSSB 

The Rwanda Social Security Board (RSSB) has the mandate to manage and promote social security in Rwanda. RSSB’s vision is to provide a comprehensive social security system that caters to the diverse social security needs of the population, RSSB plays an important role in realising Vision 2050 and the National Strategy for Transformation (NST1). RSSB manages six social security schemes, namely: Pension, Occupational Hazards, Medical scheme, CBHI, Maternity Leave Benefits and EjoHeza (Long-term Term Saving Scheme).

As a leading player in the financial sector, RSSB serves as the largest institutional investor in Rwanda. With assets under management amounting to 2.06 trillion Rwf , which is equivalent to over 15% of the country’s GDP, RSSB invests in key sectors of the economy and plays a crucial role in growing the country’s financial sector. With approximately 12 million members in the above six schemes, encompassing over 90% of Rwanda’s population, RSSB is at the forefront of securing the health and financial well-being of Rwandans.

To achieve its important mandate, RSSB is embarking on a transformative journey, aiming to become a modern, data-driven, and high-performing institution. As part of this ambitious initiative, we are seeking highly motivated individuals who are results-oriented and uphold the highest standards of professionalism and integrity. By joining RSSB, you will have the opportunity to actively contribute to the advancement of social security and overall transformation of Rwanda.

If you are passionate about making a meaningful impact, ready to embrace innovation and change, and eager to work in a dynamic and collaborative environment, then RSSB is the place for you.

Key Duties and Responsibilities

• Provide any legal clarifications, opinion, or assistance that may be required related to mobilisation, investment and management of the financial resources and other assets
• Ensure that the mobilisation, investment and management of RSSB’s financial resources and other assets comply with applicable laws, rules and policies
• Prepare and review legal documentation for RSSB’s derivatives and other risk management transactions, negotiate relevant agreements and draft and review transaction documents
• Advise on the legal aspects of cash management, bank account agreements, investment agreements, shareholder agreements, anti-money laundering initiatives, and contracts for the custody or investment of RSSB’s financial resources
• Provide legal advice on the agreements and participate in RSSB’s Asset and Liability Management Committee and its working groups
• Issue legal opinions on regulatory, institutional and financial issues arising from the interpretation and application of investments
• Advise on contracts for the investment of RSSB liquid assets
• Oversee the setup of intra-group guidelines applicable to RSSB subsidiaries and investee companies
• Manage, evaluate and award staff under his/her direct supervision
• Review and submit required reports to the Chief Board and Legal Services Officer
• Review claims related to RSSB investments and advise the management
• Advise on legal matters related to the corporate activities such as joint ventures, mergers, acquisitions, incorporations, dissolutions and liquidations
• Coordinate and collaborate with other financial institutions and development partners to further RSSB’s investment operations work
• Conduct legal monitoring to ensure that RSSB is up to date with new regulations and case law
• Perform any other duties related to Specialised Legal Services function as may be assigned from time to time

Key Qualifications and Experience

The successful candidate must have at least:

• Master’s Degree in Business Law, Tax Law, Insurance Law, Economic Law, Commercial Law or any other relevant field with at least 4 years’ relevant experience, 2 of which should have been in supervisory role

OR

• Bachelor’s Degree in Law with at least 6 years’ relevant experience, 2 of which should have been in supervisory role
• Membership to the Rwanda Bar Association is an added advantage

Key Competencies

Technical Competencies:

• The role holder must have sound understanding in social security legal framework, social security governance and regulation compliance;
• The role holder must demonstrate in-depth knowledge in business, insurance, economic, commercial or tax law, as well as relevant laws and regulations;
• The incumbent must have strong knowledge in the management of legal affairs, proceedings and legal library management;
• The incumbent must have sound understanding in law, policy and contract drafting skills and should be able to litigate and resolve disputes;
• The incumbent must have experience in  dealing with investment and shareholders agreements,  joint ventures, mergers, acquisitions, incorporations, dissolutions and liquidations, and with that, a strong knowledge of the investment and financial sector.

Behavioural Competencies: 

• Must demonstrate impeccable customer service focus, strategic thinking, and strong ethical background with an ability to resist and zero tolerance for corrupt, political and other undesirable influences;
• Must be able to establish and maintain constructive and effective relationships with key stakeholders and staff alike, with the ability to lead and empower others;
• Must be detail-oriented, with impeccable rigour, result and data driven, and must demonstrate the ability to solve problems and make quality decisions whilst driving and managing change;
• Must be open to change and adapt established methods for new uses within the institution;
• Must be business oriented, tech-savvy and open to champion breakthrough innovation.

Additional Information:

The position is based in Kigali, Rwanda and applicants must be willing to relocate outside their countries of domicile.

RSSB reserves the right to appoint or to issue an employment contract to the successful candidate.

Interested candidates are advised to visit the RSSB website for a more detailed job description for the role, and submit your application online by  11 January 2024.

In addition, please attach a curriculum vitae that contains details of your qualifications, experience and positions held relevant to this role. Include your day and evening telephone numbers, email address, names and address of three professional referees. Also, attach copies of your academic and professional qualifications.

 Any form of canvassing will lead to automatic disqualification.

Only short-listed applicants will be contacted.

Shortlisted candidates will be required to submit a valid Criminal Clearance Certificate.

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