Team Lead, Security Documentation & Transactional Support – SRFs at First Bank of Nigeria Limited Full Time

Job Title: Team Lead, Security Documentation & Transactional Support – SRFs

Job Identification: 847
Location: Lagos
Job Schedule Full time
Job Shift: Day
Job Category: FBN GEN. JOB FAMILY

Duties and Responsibilities

• Prepares and reviews of various types of security documentation such as Direct Legal mortgages, Tripartite Legal Mortgages, All Asset Debentures, Specific Asset Debentures, Chattel Mortgages, Ship Mortgages, Loan Agreements, Negative Pledges etc.
• Reviews documents submitted by Relationship Managers for completeness and confirmation of adequacy of such documents for perfection to CRM and relevant business units.
• Monitors perfection/upstamping exercises, including obtaining regular updates from External Solicitors, procuring Bank Cheques for statutory payments, attending to requests from External Solicitors, provides regular updates on perfection status to Credit Risk Management and relevant business units and generally facilitating the perfection process with the aim of ensuring same is concluded promptly and within stipulated timelines.
• Reviews concluded perfection/upstamping exercises to ensure that same are properly carried out, and thereafter forwards the perfected security documents to the appropriate Branch/Department for safekeeping.
• Monitors collation of data on search, verification, perfection and upstamping exercises for record keeping purposes with respect to transactions under the responsibility of the Team.
• Provides legal advisory services to the various units of the Bank on issues relating to security documentation.
• Provides legal advisory services in respect of security arrangements in syndicated lendings, including review of Inter-lenders Agreements and Security Trust Deeds and attends syndication meetings.
• Provides transactional review and documentation support and legal advisory services to the Bank’s Strategic Business Functions (SRFs), including but not limited Corporate Transformation, Human Capital Management & Development, E-Business & Retail Products, Information Technology, General Services, Procurements, Information Security, etc
• Preparation and Review of Master Service Agreements, IT Professional Services Contracts, Service Level Agreements(SLAs), End User Licenses Agreements (EULAs), Statement of Work Agreements (SOWs) Non- Disclosure Agreements(NDA), Contract Requisition Agreements,  Media Engagement Agreements, Audit Services Agreements, Staff Service Contracts, Procurement Engagement Letters and Contracts for the following SRFs: ISOD, Information Technology Department, M&CC Department, Financial Control Department, Procurement Department, General Services Department, Corporate Transformation, HCMD, Internal Audit Department, Security Department and  Internal Control Department.
• Provides Advisory Services on Intellectual Properties, and registration and renewal of all Bank’s Trademarks, Tradenames and Licenses.
• Provides second level reviews of contract drafts and legal opinions from Legal Officers in the Unit, with necessary modifications and guidance.
• Ensures that the calling-in of lending on Borrowers and Guarantors in respect of delinquent Facilities is based on the terms of Management’s approvals and carried out in conjunction with Recovery & Classified Assets Managements Departments, Business Units and Strategic Resource Functions, including preparing Letters/Deeds of appointment and discharge of Receiver/Managers as appropriate.
• Provides and analyzes information to internal Customers on requirements of security documentation as stipulated by various laws and administrative rules of the various land and corporate registries.
• Advises the Business Groups, and undertakes appropriate documentations for perfection of securities on General Lending, Project Finance, Maritime Financing, Aircraft Financing and Corporate Finance.
• Attend meetings with Relationship Managers and customers on issues relating to security documentation.
• Ensures that the database on the status of perfection of the Bank’s security interest in respect of all facilities granted by the Bank is effectively maintained and managed.
• Prepares/reviews Bank Guarantees, drafts of all species of local and cross-border Bonds and Guarantees, and vets drafts of instruments prepared by counterparties to ensure there are no adverse clauses and that the interest of the Bank is adequately protected.
• Supervises/guides other officers in the Unit on matters pertaining to security documentation.
• Lead, nurture, train, develop and motivate the Team members with robust job content and challenging assignments.
• Provides, under the leadership of the Unit Head, pragmatic legal advice and solutions to the Bank and its subsidiaries on a broad range of legal issues.
• Reviews credit approvals (Form 3800B)/Offer letters and advises on the most optimal transaction structure that best protects the Bank’s interest whilst meeting its commercial objectives.
• Liaises directly with External solicitors to ensure that bank’s transactions specifically being handled by the team are promptly pursued, acted upon and concluded in good time.
• Performs any other duties as may be assigned by the Unit Head and/or the General Counsel.

Educational Qualification

• First Degree in Law;
• Professional Qualification/License to practice Law in Nigeria;
• Masters’ Degree or a relevant professional qualification will be an advantage.

Experience:

• Must have 6-12 years post-call private law practice and/or in-house corporate experience in a similar role in a financial institution, law firm or corporate institution.

Key Competency Requirements
Knowledge:

• Good understanding of the Laws regulating the Financial Services Industry.
• Extensive knowledge of the Bank’s policies and procedures.
• Knowledge of regulatory policies and the business environment.
• Ability to manage legal risks.

Key Skills:

• Excellent drafting skills
• Detail oriented
• Analytical & problem solving skills
• Delegation skills
• Team building, human and interpersonal skills.

Application Closing Date
24th July, 2023; 12:10.