Job Purpose
- To provide technical and practical legal support and solutions to the Business Units, manage the security documentation process, and ensure compliance on collateral conditions prior to disbursement of these facilities
- Ensuring quick TAT in preparation of LOO and perfection of securities so that the Bank can book facilities fast and start earning profit on even faster. Ensure the bank does not face legal risk by ensuring the securities in place are realizable in case of default by Customer.
- Manage litigation matters in the absence of the Manager, Legal Services.
Key Responsibilities
- Draft Offer Letters upon receipt of duly approved facility papers observing agreed timelines and high standards of accuracy and within applicable law, Shariah compliance, bank policies and regulations
- Issue instructions to external advocates to act on our behalf in the preparation of various securities required from time to time by the Bank and issue the lawyers with all the documentation required to perfect securities.
- Vet and/or review all security documents for completeness, clarity and ensure that all legal risks are anticipated and adequately covered.
- Continuously engage with external lawyers and other service providers on security documentation process and ensure that security documents and other conditions have been perfected/ completed within the agreed TAT and prior to drawdown of facilities
- Drafting various security documents that may be required and which can be drafted internally.
- Liaising with Relationship Managers in ensuring proper execution of documents by the Customers and ensuring proper execution of the documents by the Bank’s Attorneys.
- Monitoring the security perfection process and in this regard, following up with lawyers, relationship managers and in some cases customers to ensure the process moves smoothly.
- Maintain MIS with respect to TAT, exceptions, security movement and others as may be required for tracking of documents and performance and exceptions to ensure follow up of the exceptions and or deferral granted by credit are fully resolved and all securities called for in approvals are duly perfected and received
- Advising credit and relationship managers on various legal aspects in the security perfection process.
- To assist the Head of Legal in reviewing and advising transactions documentation, identifying potential legal risks and problems, and providing appropriate advice to management and line managers thus protecting the Bank from potential loss.
- Keeping, maintaining and updating Legal records and documents
- To review documentation in regard to any court matters that the Bank is party to
- To undertake any other tasks assigned by Management.
- Ensure compliance with the relevant Acts of Parliament and any other statutes that may come into effect and that would affect the business.
- Carrying out Performance Review for Panel of Lawyers
