Summary
Date Posted: Tuesday, February 21, 2023 , Base Salary: Not Disclosed

JOB DETAILS:

Job Purpose
The job holder will be responsible for adequately supporting the securities and documentation processes by taking charge of the daily activities of documentation and securities in line with the operational procedures and guidelines to mitigate risks and minimize operational losses.

Key/Daily Responsibilities: Must Not Be More Than 10
1. Timely preparation and review of legal documents for credit facilities to sufficiently protect the Bank from risk.
2. Review to ensure compliance and confirm accuracy of executed legal documents received from the business and submit to external lawyers for perfection.
3. Receive, verify and confirm security perfection for purposes of recommending disbursement while managing losses that arise from credit exposure.
4. Monitor external lawyers to ensure timely perfection of securities in line with their Service Level Agreements.
5. Review invoices from external lawyers to confirm accuracy of billing for professional services, stamp duty and related taxes/duties in line with their Service Level Agreements and the law.
6. Manage the storage and custody of security files and support periodic reviews to ensure that the Bank’s interests are adequately protected to mitigate loss and/or litigation exposure.
7. Maintain updated registers and trackers to monitor movement of documents, securities perfection, and custody.
8. Manage security releases and swaps in line with the appropriate security release processes.
9. Prepare weekly reports to track progress of securities and documentation processes and share with business and other stakeholders.
10. Report on documentation breaches and deferrals and track for closure.

Challenges: Give One Example Of The Challenges Encountered In This Job
1. Balancing risk, controls, business demands and stakeholders.
2. Ability to cope with the trends of fraud risk.
3. Lack of an automated monitoring tools.

Academic & Professional
1. Bachelors’ Degree - Law
2. Professional Qualifications - Postgraduate Diploma in Legal Practice
3. Experience - 1 to 3 years of professional experience in a law firm performing similar assignments or a financial institution. Good understanding of basic banking, credit risk management, drafting and review of securities documentation, securities and documentation registration and perfection processes.


Work Hours: 8

Experience in Months: 12

Level of Education: Bachelor Degree

Job application procedure

Interested and Qualified, Click here to Apply 


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