Legal Counsel
Bank of Africa Kenya has an exciting opportunity in our Credit Documentation Department.
Job purpose:
To provide legal counsel and handle Security-Related Documentation and perfection in an efficient manner in order to ensure the Bank is adequately protected and support business in realization of the bank’s target on growth through disbursements of loans as well as also ensuring the legal risk that the Bank is exposed to is minimized to the highest extent possible.
Responsibilities and Accountabilities:
- Ensures efficient turnaround times (TATs) for drafting and negotiating loan agreements, security documents, and other contracts.
- Conducts thorough legal reviews of all credit documentation to minimize legal risks. Prepare, review and give legal opinions and advisories to internal stakeholders regarding security perfection formalities, maintenance of collateral, legal and regulatory requirements surrounding security perfection.
- Ensures the preparation, execution, and registration of all loan-related securities, ensuring compliance with legal requirements and best practices.
- Reviews security agreements, guarantees, and indemnities to ensure they adequately protect the bank’s collateral rights and potential recovery options.
- Receive security packs, review and advice various branches on issues by ensuring documents like LOO and T.C.C are signed and attested to appropriately.
- Prepares internally prepared securities which include security agreements, guarantees and indemnity and ensure their registration.
- Provide reports and status updates to the department and other departments such as Credit analysis of the status of security perfection for example updates to CAC minutes, EDD reports, IPS reports etc.
- Attend meetings related to security perfection and collateral management
- Maintains a deep understanding of Kenyan legal and regulatory updates impacting credit documentation and loan transactions.
Minimum Requirements;
- Bachelor of Laws degree (L.L.B) from recognized university and duly admitted advocate of the High Court
- At least 2 years post-admission experience in a busy law firm or bank, with demonstrated experience in conveyancing and commercial law background
- Demonstrated experience in decision making, interpersonal as well as problem solving skills.
- Strong corporate, conveyancing and commercial law background;
- Registered Member of the Law Society of Kenya duly authorized to render legal services to the Bank annually.
Bank of Africa Kenya is an equal opportunity employer committed to fostering diversity, equity, and inclusion. The Bank does not charge any fees or solicit funds at any stage of the recruitment process.