Senior Legal Counsel

3 days ago


Riyadh, Ar Riyāḑ, Saudi Arabia Search Elements Full time

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VP – Senior Legal Counsel (Saudi Nationals Only)

Experience Required: 8+ years in legal practice, with at least 4 years in banking or financial institutions

Industry Focus: Banking, Financial Services, Investment Banking

Role Overview

A Major Global Tier 1 Investment Bank is seeking an experienced VP – Senior Legal Counsel to provide strategic legal guidance across banking and investment activities in Saudi Arabia. The successful candidate will possess deep expertise in Saudi banking laws, SAMA/CMA regulations, and financial transactions. This role will support Global Banking, Trade Finance, Corporate Governance, and Structured Finance, ensuring compliance with local and international legal frameworks.

Key Responsibilities

  • Legal Advisory: Provide expert legal advice to business units on banking, capital markets, trade finance, and regulatory compliance.
  • Contract Review: Draft, review, and negotiate contracts, ensuring compliance with applicable laws and protecting the bank's interests.
  • Transaction Structuring: Advise on the legal structuring of Global Banking transactions (e.g., cash management, trade finance, supply chain finance).
  • Product & Transaction Approval: Oversee the approval process for new banking products and transactions, ensuring alignment with regulatory requirements.
  • Corporate Governance: Support governance matters, including board and shareholder meetings, drafting resolutions, and acting as board secretary if required.
  • Regulatory & Compliance Support: Monitor changes in SAMA, CMA, and MoCI regulations, ensuring compliance and advising senior management on legal risks.
  • Risk Mitigation: Identify and escalate key legal and regulatory risks, ensuring alignment with internal policies and global legal frameworks.
  • Regulatory Engagement: Represent the bank in dealings with SAMA, CMA, and other regulatory authorities, ensuring smooth regulatory interactions.
  • Cross-Business Collaboration: Work with business teams and external counsel on Islamic finance, capital markets, derivatives, and financing transactions.
  • Legal Policies & Best Practices: Implement and promote global legal best practices, ensuring alignment with the investment bank's policies.

Banking Expertise: Strong understanding of banking products and transactions, including corporate finance, structured finance, and trade finance.

Regulatory Knowledge: Deep expertise in SAMA, CMA, and Saudi corporate laws, with experience in regulatory engagement.

Drafting & Negotiation: Excellent drafting and negotiation skills for complex financial agreements.

Governance & Compliance: Strong understanding of corporate governance, regulatory reporting, and risk mitigation strategies.

Islamic Finance Experience: Knowledge of Shariah-compliant financial structures is a plus.

Capital Markets & Derivatives (Nice to Have): Familiarity with ISDA, GMRA, FX, and structured products is beneficial.

Bilingual Proficiency: Fluency in English is required; Arabic is a must.

Mandatory Requirements

  • Law degree from a recognized university (LL.B. or equivalent; LL.M. is a plus).
  • Minimum 8 years of legal experience, with at least 4 years in banking or financial institutions.
  • Saudi Nationals Only (as per regulatory requirements).

Why Join?

Work with a globally recognized Tier 1 investment bank at the forefront of Saudi Arabia's financial sector.

Gain exposure to high-value transactions in investment banking, trade finance, and structured finance.

Engage directly with senior management, regulators, and key industry players.

Competitive compensation and career progression within an elite global financial institution.

Seniority level

Not Applicable

Employment type

Full-time

Job function

Legal

Industries

Law Practice, Investment Banking, and Banking

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