The Assistant Legal Manager (Conveyance) – Credit Administration is responsible for managing the legal aspects of credit administration, specifically focusing on the conveyance process and the perfection of securities to mitigate legal risks. The role involves coordinating with external advocates and providing legal advisory services to business units.
Principle Accountabilities
Perfection of Securities
Preparation and reviewing the draft security documents received from external lawyers and also supervising the review of security documents to ensure quality, uniformity and enforceability.
Manage communication of legal matters and more particularly those related to the Credit, Project Finance and/or all lending products/functions.
Coordinating the perfection of Bank security documents prepared by the Bank’s external advocates and ensuring completion within the SLA timelines from the date of issuance of instructions to completion.
Reviewing the registered security documents to ensure proper registration and giving the disbursements go-ahead via a disbursement certificate/checklist.
To perform legal advisory to the Business from time to time to ensure that legal risks are identified, legal implications are analysed for prudent decision making.
Updating of the system with details of security held.
Forwarding the original security documents to Legal for Safe Custody unit for lodgement.
Follow-up to conclusion of securities pending with advocates and update of the relevant report to be shared with Business.
Credit Administration
Ensure timely Issuance of instructions to External Advocates to commence conveyance.
Validate all approval conditions before release of instructions to advocates.
Ensure accurate and complete system updates within area of control or each role assigned.
Ensure compliance with both internal and external regulatory requirements.
Ensure proper document filing within area of control.
Timely and accurate preparation, submission of management reports as assigned.
Analytics & Reporting
Prepare/update reports for Credit department and Early Watch Committee.
Key Competencies and Skills
Knowledge of the provisions of the Companies Act, the Banking act, Central Bank of Kenya Act, the Capital Markets Authority Act, the Retirement Benefits Authority Act and all relevant laws & statutes affecting operations.
Comprehensive knowledge of bank’s laid-down Lending policies and procedures.
Knowledge and understanding of facility documentation and risk management principles.
Demonstrated expertise in the local banking industry, credit process, and banking products.
Strong communication skills for managing external counsel and internal stakeholders.
Minimum Qualifications, Knowledge and Experience
Bachelor’s degree in Law from a recognized institution.
Diploma of Law from the Kenya School of Law.
Advocate of the High Court of Kenya.
Minimum of 5 years’ experience in a busy firm or financial entity, 3 of which must be in a Banking institution handling Credit and Legal documentation.
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