Recovery Officer, Remedial Asset Management
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Job Location:
Monthly Salary:
Posted on:
15 hours ago
Vacancies:
1 Vacancy
Job Summary
Key Responsibilities:
- Legal Advisory & Strategy:
- Provide legal advice on recovery strategies including restructuring foreclosure asset disposal and litigation.
- Advise on legal implications of remedial actions and ensure alignment with regulatory frameworks.
- Documentation & Review:
- Draft review and negotiate legal documents including demand notices settlement agreements guarantees and court processes.
- Ensure all documentation complies with applicable laws and internal policies.
- Litigation Management:
- Liaise with external solicitors and monitor progress of recovery-related litigation.
- Represent the Bank in court proceedings where necessary and ensure timely resolution of cases.
- Asset Recovery Support:
- Support the execution of recovery actions including repossession of financed assets.
- Coordinate with law enforcement agencies and estate management for lawful access and recovery.
- Stakeholder Engagement:
- Collaborate with Loan Monitoring and other relevant departments to develop and implement recovery strategies.
- Engage with customers and guarantors to negotiate settlements and enforce obligations.
Educational Qualifications
Bachelor of Laws (LL.B) degree from a recognized institution.
Barrister-at-Law (B.L) and current membership of the Nigerian Bar Association (NBA).
A Masters degree in Law (LL.M) Finance or related field is an added advantage.
Professional Experience
Minimum of 35 years post-call experience in banking finance or commercial law practice.
Proven experience in debt recovery credit remediation or loan restructuring within a financial institution or reputable law firm.
Strong understanding of litigation processes enforcement procedures and asset recovery mechanisms.
Experience liaising with external solicitors law enforcement agencies and regulatory bodies.
Required Experience:
Unclear Seniority
Key Skills
- Internship
- Deputy
- Elevator Maintenance
- Jms
- Animal Charity
About Company
Wema Bank is the pioneer of Africa';s first fully digital bank, ALAT, and one of Nigeria';s most resilient banks. With decades of experience in the business of banking, the Bank has remained innovative in delivering value to its stakeholders. The publicly quoted Nigerian company has s ... View more
