Legal Officer
Posted:
Company Details
Industry:
Banking
Description:
Sumac Microfinance Bank Ltd is a Microfinance institution based in Kenya, with branches all over the country. We are a fully fledged bank that is regulated by the Central Bank of Kenya to take deposits and to provide credit to customers Sumac Microfinance Bank Ltd is a bank that is duly licensed and…
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Job Details
Job Type:
Full Time
Workplace Type:
On-site
Qualification:
Diploma
Job Experience:
Mandatory
Job Location:
Nairobi County, Kenya
Closing Date:
Undisclosed
Salary:
Undisclosed
Other Pay:
Benefits
Job Category:
Legal
Job Description
About the Role
The role holder will provide legal advisory and interpretation services in respect to, Conveyance, Contract/Lease management, Compliance with Agreed SLAs, Risk and Audit Rating, Debt Collection, to assist the bank to be a sustainable business that complies with existing laws and regulatory requirements.
Key Responsibilities:
- Interpret legal texts for the Bank and assist management in interpreting and applying statutes, rules and regulations and offer legal opinions to ensure compliance of the Bank.
Review or draft agreements/contracts for and on behalf of the bank.
Review of loan/facility documents to ensure that agreements with bank clients are enforceable.
Coordination with the external counsel to ensure timely completion of assignments issued by the department. This includes issuance of instructions for litigation matters and conveyance matters.
Offer legal advisory to the Management and the Board on the emerging topical issues
Maintaining status reports on Conveyance Matters and Litigation matters as well as other databases that may be required.
Ensuring relevant reports are sent to the management and/or branches as and when required.
Timely responding to potential claims to avoid any anticipated litigation.
Participate in preparing and/or represent the Bank in judicial proceedings regarding enforcement of laws, rules and regulations.
Coordinating legal trainings to the branches and the departments
Qualifications and Technical Competencies
- Must have a degree in Law, LLB
- Post-graduate diploma in Law from the Kenya School of Law and is admitted or about to be admitted to the Bar or scheduled to be admitted to the Bar.
- Must have experience working in a law firm or experience working in the Banking Sector.
- At least 5 years’ experience working as a Legal officer
- Must demonstrate advocacy skills and good negotiation skills
- Should have strong communication, writing and presentation skills
- Problem Solving; Should be conversant with the various methods of resolving issues; procedures in the conveyance process and procedures related to litigation
- Excellent accountability skills
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