Michelle MacGillivray
St. Andrew
Summary
Accomplished legal and risk management professional with extensive expertise in banking laws, contract law, and regulatory compliance. Demonstrated ability to draft, review, and negotiate complex legal documents while ensuring alignment with central bank regulations and financial regulatory bodies. Proficient in credit risk analysis, financial statement assessment, and risk-rating methodologies. Adept at identifying, assessing, and mitigating legal and credit risks within the framework of Basel III. Strong decision-making skills under pressure, coupled with effective communication and negotiation abilities. Proven leadership in managing cross-functional teams and mentoring staff on best practices. Committed to aligning risk management practices with organizational objectives while maintaining strong stakeholder relationships.
Overview
16
16
years of professional experience
7
7
years of post-secondary education
1
1
Certification
Work History
General Legal Counsel
Investec Bank (Channel Islands) Limited
Guernsey
09.2021 - Current
- Management of a diverse portfolio whilst focusing on delivering strategic legal support to the organization.
- Core responsibilities included drafting and reviewing legal documentation for loan implementation, the perfection of securities, ensuring seamless execution for the bank's customers
- Reviewing general legal contracts for the bank
- Collaboration with external counsel to compile and present comprehensive legal advice tailored to internal stakeholders, facilitating well-informed decision-making across various business functions.
- Critical guidance on the compliance framework, ensuring strict adherence to regulatory requirements to mitigate legal risks.
- Key focus in 2024 was acting as subject matter expert in the creation of a traceability matrix for the review of capital regulatory requirements with regard to local regulatory requirements and UK requirements under the PRA and collaborating with a project team in the United Kingdom to adopt Basel III standards.
- Strategic planning to implement the Internal Ratings-Based (IRB) approach to capital holdings for the local branch, whilst maintaining compliance with the Basel II Standardized Approach in the local regulatory environment.
- Navigation of intricate legal and regulatory landscapes, contributing to critical compliance initiatives, and aligning legal strategies with the organization's operational and strategic objectives.
Head of Debt Recoveries and Restructuring Credit Risk
Investec Bank Limited (SA)
Cape Town, South Africa
10.2011 - 09.2021
- In my role as Team Leader for Recoveries and Credit Risk, I delivered significant success by driving key improvements in the bank's profitable by reducing the non-performing loans book and recovering bad debts.
- Providing leadership through partnership and mentorship to an experienced team of legal consultants to oversee the bank's credit risk and reduce the non-performing loans book.
- Used strategic interventions and effective leadership together with my team to achieve a measurable reduction in the number of defaulting customers, enhancing the overall quality of the bank's loan portfolio.
- Additionally, reducing the estimated credit loss provisions held against non-performing loans, directly improving the bank's financial position and performance.
- Using my expertise in negotiating complex financial structures to restructure client portfolios to convert non-performing loans into performing assets, reinforcing the bank's profitability and sustainability.
- This role highlighted my ability to navigate challenging situations, optimize outcomes, and deliver impactful results for the organization.
Debt Recoveries and Restructuring Consultant
Investec Bank Limited
Cape Town, South Africa
10.2010 - 10.2011
- My primary focus was on restructuring credit portfolios to maximize recoveries from non-performing loans or achieving a turnaround to restore them to performing status.
- Working within a private banking environment, I prioritized client-centric interactions, ensuring a professional and empathetic approach to sensitive financial matters.
- My role involved conducting complex contract renegotiation's and implementing strategic loan portfolio restructures tailored to the unique circumstances of each client.
- By balancing the bank's recovery objectives with a commitment to maintaining strong client relationships, I successfully navigated challenging scenarios, delivering mutually beneficial outcomes and safeguarding the bank's interests.
Consultant: Private Capital
Investec Bank South Africa
Cape Town, South Africa
02.2010 - 10.2010
- Deal Sourcing and Evaluation
- Credit Risk Assessment
- Structuring Debt Instruments
- Portfolio Monitoring
- Relationship Management
- Regulatory and Compliance
Legal associate
DKVG Attorneys
Cape Town, South Africa
01.2009 - 02.2010
- Liaised with legal colleagues to identify required work, delegate tasks and speed up case progress.
- Provided knowledgeable advice covering Banking and Finance legal matters.
- Performed comparative analysis on various cases for strategic planning.
- Offered helpful, informative legal advice to clients, colleagues and external practitioners.
Education
Bachelor of Commerce - Law and Accounting
University of Stellenbosch
Stellenbosch 01.2002 - 12.2005
LLB - Law
University of Stellenbosch
Stellenbosch 01.2006 - 12.2008
Diploma in Advanced Insolvency Law - Insolvency Law
University of Pretoria, South Africa
PretoriaLeadership Diploma - Leadership
Gibbs
JohannesburgSkills
- Legal Expertise
- Credit Risk Analysis
- Risk Management Knowledge
- Regulatory and Compliance Awareness
- Decision-Making and Problem-Solving
- Communication and Negotiation Skills
- Leadership and Team Management
- Analytical and Technical Skills
- Attention to Detail
- Stakeholder Management
Certification
- Admitted Attorney, High Court South Africa
- Business Language, Language Boss
- Insolvency Practitioner
Languages
English
Afrikaans
References
References available upon request.
Custom
- Cumesh Moodliar, CEO, Investec Specialist Bank (South Africa)
- Ciaran Whelan, CEO, Investec Specialist Bank (United Kingdom and Channel Islands)
- Karen Flanagan, HOO, Investec Private Bank (Cape Town)
Timeline
General Legal Counsel
Investec Bank (Channel Islands) Limited
09.2021 - Current
Head of Debt Recoveries and Restructuring Credit Risk
Investec Bank Limited (SA)
10.2011 - 09.2021
Debt Recoveries and Restructuring Consultant
Investec Bank Limited
10.2010 - 10.2011
Consultant: Private Capital
Investec Bank South Africa
02.2010 - 10.2010
Legal associate
DKVG Attorneys
01.2009 - 02.2010
LLB - Law
University of Stellenbosch
01.2006 - 12.2008
Bachelor of Commerce - Law and Accounting
University of Stellenbosch
01.2002 - 12.2005
Diploma in Advanced Insolvency Law - Insolvency Law
University of Pretoria, South Africa
Leadership Diploma - Leadership
Gibbs
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