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JOY
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Legal officer / collateral magt officer 180 000
Job Type: Full-Time

Education

From 0 to 2005
AMBROSE ALLI UNIVERSITY
From 0 to 2005
NIGERIA LAW SCHOOL
No added languages

Experience

Credit Legal Risk-Collateral Management Officer
KEYSTONE BANK LIMITED
September 2012 - Present Day (4 years 7 months)
  • Constant follow up with Credit Control Unit and Legal Department to affirm and confirm completeness of all the requisite collateral documents and actual perfection of the collateral which put the bank at a superior position over any other financial institution;
  • Periodic check of the pledged collaterals by physical inspection to determine the collateral status, existence or otherwise. Note: Inspection is performed at initiation and at least annually thereafter except the volatility of price movement and poor obligor’s financial performance;
  • Periodic evaluation of collaterals held and verification of the adequacy of margins;
  • Monitoring of Insurance Policy to ensure that expiry date covers the facility tenor and that premium is paid up to date. Account Officer’s is to be notified of imminent maturity two months prior expiration;
  • Appointment of estate valuers for the evaluation of properties securing credit facility;
  • Continually review/appraise the agents’ integrity with a view to strengthening the existing ones and enlisting additional ones in the overall interest of the Bank;
  • Co-ordinate the release of collaterals upon certification of full liquidation of credit facility;
  • All other activities as delegated by Head, Transaction & Collateral Management;
REGIONAL LEGAL OFFICER(IKEJA REGION)
WEMA BANK PLC
January 2011 - September 2012 (1 year 9 months)
  • Provide legal advisory function on issues, requests and/or queries from various branches within the region;
  • Review & Drafting of agreements;
  • Review of Loan Availment Memorandum with a sign off limit of N10,000,000.00 to ensure that customers satisfy all legal requirements and documentations necessary before disbursement;
  • Handle Confirmation and Perfection of customers security for branches within the region;
  • Handle Search requests on corporate, land and probate (letters of administration) for various branches within the region;
  • Handle contingent liability portfolio for branches within the region;
  • Vault administration of customers security documents lodged at the region for facilities availed and for safe keep;
  • Facilitate Recovery exercises in conjunction with the Recovery team;
  • Attend Watch list meetings held at the region quarterly and provide update to the committee on the security status of watch listed accounts;
  • Monitor all litigation and garnishee matters within the region;
  • Provide quarterly and annual report on the Risk Asset Portfolio of the regions;
  • Liaise regularly with external solicitors for perfection and litigation updates;
  • Attend to Company Secretarial duties,
  • Provide excellent customer service to internal and external customers
LEGAL OFFICER
WEMABANK PLC
October 2009 - December 2010 (1 year 3 months)
  • Handled contingent liability portfolio and maintained a schedule for same bank wide, ensure that bonds and guarantees issued by the bank are not called on us;
  • Handled share backed portfolio of the bank, ensure lien is placed on all stocks pledged as collateral for facilities;
  • Handled Indemnity for lost share certificates and lodgment of third party cheques;
  • Handled Confirmation and Perfection of customers security for branches bank wide;
  • Review & Drafting of agreements,
  • Attend to requests and/or queries from Internal Customers and ensure that issues/queries raised are promptly treated,
  • Maintain constant liaison with external solicitors on perfection matters.