Keystone Bank is a full service commercial bank wholly owned by the Asset Management Corporation of Nigeria (AMCON) and was granted banking license on August 5, 2011, by the Central Bank of Nigeria (CBN). The Bank has met and exceeded all capital and capital adequacy requirements of the CBN and assumed the deposit liabilities, certain other liabilities and assets of former Bank PHB Plc, following the revocation of the erstwhile bank's operating License by the CBN.
Keystone Bank is recruiting to fill the below position:
Job Title: Unit Head, Contract Drafting & Administration
Job Description
Timely and quality legal drafting and interpretation of contracts under advice to the Head of Regulatory Monitoring. -Valuable and inspiring team leadership and team effectiveness in the Legal Services Dept.
Duties and Responsibilities:
- Initiate the development and preparation of policy, procedures and strategies for administration of contracts, contingent liabilities and transaction advisory services.
- Offer needed support services to business owners during negotiation of contracts.
- Prepare, draft or review all contract instruments (excluding bank’s leases and properties), SLAs, Contracts, letters, contingent liabilities and all matters pertaining to contracts to which the bank is a party, and such other documents creating legal obligations for the bank as may, from time to time, be assigned to the unit.
- Prepare, draft, review or update relevant bank’s standard formats, standard letters, contract letters, standard agreements, and other contract or business instruments or documents.
- Provide legal advice on, prepare and or vet all documents pertaining to, international trade transactions to which the bank is a party, including but not limited to matters arising from transportation of goods by sea; marine insurance; bills of lading; letters of credit; bills of exchange; and promissory notes.
- Provide legal advice on, prepare and or vet all documents pertaining to, the bank’s e-business and electronic funds transfer transactions, including but not limited to internet banking, telephone banking, smartcards, ATMs, POS systems and wire transfers.
- Provide legal advice, prepare and or vet documents pertaining to the bank’s engagement with correspondent banks, whether domestic or offshore.
- Provide legal advice, prepare and or vet documents pertaining to all capital market transactions to which the bank is a party, including but not limited to mergers, acquisitions, takeovers, corporate restructurings, reorganizations and such other transactions recognized by the Investments and Securities Act, 2007.
- Subject to the concurrence of the General Counsel and or Head of Regulatory Monitoring, engage and monitor external solicitors for the conduct of due diligence and drafting in respect of highly technical contracts, and perfection of leases and real estate contracts, etc as may be required by law.
- Maintain an effective database for management of key information relating to all the Bank’s contracts towards effective monitoring and handling of performance issues, breaches, risks and any potential regulatory threats.
- Provide guidance and leadership to the team to ensure effective execution of the Team/Unit’s activities; and monitor actual activity and performance levels against the approved budget.
- Prepare and agree career development plans (in conjunction with the Human Capital Management Group) and conduct periodic performance appraisal sessions with subordinate staff in line with stipulated career and performance management policies and procedures.
- Regularly appraise the activities and functions of the unit and make recommendations for improvement to the Head, Regulatory Monitoring.
- Assist in the development of the department’s budgets and in the coordination of the department as required.
- Perform other duties as assigned by the General Counsel and or Head, Regulatory Monitoring. Copied from: www.hotnigerianjobs.com
Key Performance Indicators:
- Quality and timeliness of legal drafting and contracts review.
- Reduction in costs arising from the use of external support, from perfection/non-perfection of contracts, and from contract breaches or non-performance etc
- Prompt detection and escalation of risk indicators through effective contract administration and data management.
- Team and Unit’s Effectiveness
- Rating on internal customer/customer satisfaction survey
- Additional KPIs as may from time to time be advised by Head, Regulatory Management and or General Counsel.
Minimum Education Qualifications:
- First degree in Law
- Required Experience: 7 - 10 years
Post Graduate Qualifications:
- Relevant Post Graduate degree will be an advantage
Professional Qualifications:
- Relevant Professional Qualification will be an advantage
Skills And Competencies:
- Understands the structure and format of contractual documents as well as the key principles and contents of the law of contract and banking; and applies the correct legal terms to conditions.
- Demonstrates advanced knowledge of legal and regulatory issues in business and commercial transactions.
- Sound knowledge of commercial, financial, banking, taxation, employment, property and conveyance laws
- Understands the process of contracts negotiation, verification, execution, administration and perfection.
- Excellent drafting skills with strong flair for rigorous academic research and meticulous analysis of business, financial and commercial issues.
- Professional administrative skills, contracts negotiation skills, effective writing, research, and analytical skills. Copied from: www.hotnigerianjobs.com
Application Closing Date
11th March, 2014
Method of Application
Interested and qualified candidate should:
Click here to apply online