Introduction
As the Legal Officer at Neptune Micro Finance Bank, you will be responsible for overseeing the legal aspects of the bank’s operations. Your role includes managing the legal team, providing legal guidance to management, drafting and reviewing contracts and legal documents, ensuring compliance with regulatory requirements, and handling litigation matters. You will also collaborate with various departments, including risk management and recovery, to mitigate the bank’s legal exposure.
In addition, you will be tasked with liaising with external solicitors, conducting legal research, and representing the bank in court where necessary. Your role is critical in protecting the bank’s legal interests and ensuring that all legal and regulatory obligations are met.
Key Responsibilities:
Regulatory Compliance: Ensure adherence to relevant laws, regulations, and industry standards: These responsibilities are directly related to the legal and regulatory framework in which the bank operates.
Minimizing the exposure of the bank, its affiliates, and subsidiaries with all applicable laws.
Liaising with external solicitors regarding the bank’s exposure, securities, and collaterals.
Liaising with the bank’s risk management to ensure the protection of the Bank’s assets.
Inspecting, Scrutinizing, and Conducting necessary checks on disbursement sheet before funds are disbursed
(This task ensures that all legal, financial, and compliance checks are conducted before disbursing funds to prevent any legal or financial risks to the bank.)
Legal Advisory: Provide legal guidance to management and staff on banking operations, risk management, and regulatory issues: This category includes tasks where the Lead Legal Officer provides expert legal advice, guiding both management and staff on various legal matters affecting the bank.
Reviewing finance documents internally for credit and legal compliance.
Providing requisite documentation needed by external solicitors.
Liaising with the recovery department and providing assistance where needed on the recovery of past-due obligations.
Document Drafting: Prepare and review legal documents, contracts, and agreements: These tasks involve the preparation, drafting, and review of various legal documents essential for the bank’s operations.
Draft and Review loan documentation.
Prepare and draft legal opinions as well as documents such as Contracts, Deeds of Assignment, Deeds of Sale, Tenancy Agreements, Lease Agreements, Service Level Agreements, Cash Collection Agreements, and Tech Agreements.
Drafting and Preparing Petitions.
Dealing with correspondence, collating information, and writing reports, ensuring decisions made are communicated to the relevant company/stakeholders.
Litigation Management: Assist in resolving legal disputes and representing the bank in court: These tasks involve managing litigation processes and representing the bank in legal matters.
Reviewing court processes and ensuring that same adequately protects the bank.
Appear in court as a witness for pending matters where necessary.
Research and Analysis: Conduct legal research and analyze regulatory updates. This category includes tasks related to research and staying informed on legal and regulatory matters that may affect the bank.
Conduct searches at the various government agencies (Courts, CAC, Land’s Registry, Probates Registry, etc.) to ensure the validity of documents presented in the bank.
Register caution as well as Legal Mortgages and Equitable Mortgages on behalf of the bank.
Training and Awareness: Provide legal training and awareness programs for staff: This responsibility ensures that staff are informed about relevant legal requirements and procedures.
Providing legal training and awareness programs for staff (Note: This is a key part of the role but may not have a direct task listed in the provided responsibilities. It can be inferred as part of the broader responsibilities of the Lead Legal Officer.)
Compliance Monitoring: Monitor and report on compliance with legal and regulatory requirements: This involves ensuring that all legal and regulatory compliance tasks are tracked and reported appropriately.
Liaising with the bank’s risk management to ensure the protection of the Bank’s assets (This overlaps with ensuring the bank remains compliant with internal and external regulations.)
Monitor and report on compliance with legal and regulatory requirements (While not explicitly listed in your provided tasks, it’s an expected component of the role based on the legal responsibilities mentioned above.)
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