Responsible for preparing, reviewing, executing, and perfecting credit and security documentation to protect the Bank’s legal interests, while providing legal advice and supporting regulatory compliance and legal risk management.
Responsibilities
- Oversee the preparation, review, execution, and perfection of securities.
- Review credit sanctions and approved credit applications to ensure documentation conforms to approved terms before disbursement.
- Prepare and review banking facility letters, mortgage deeds, conveyance and transfer documents, corporate guarantees, debentures, agreements, contracts, and affidavits.
- Prepare and review instructions and briefs to external lawyers for drafting, execution, registration, and perfection of security documents.
- Review corporate constitutional documents to confirm borrowers’ legal capacity and authority.
- Issue securities compliance certificates after documentation and security requirements are fulfilled.
- Monitor securities perfection processes by liaising with branches, external lawyers, registries, and service providers.
- Review and advise on contracts, leases, memoranda of understanding, agency agreements, merchant agreements, and other legal documents.
- Provide legal advice on banking laws, regulatory compliance, corporate governance, contractual obligations, and legal frameworks.
- Identify legal risks and recommend appropriate mitigation measures.
- Ensure compliance with internal policies, Bank of Tanzania prudential guidelines, local laws, and applicable banking regulations.
- Apply AML and KYC requirements when reviewing transactions and documentation.
- Maintain, track, and safeguard legal documentation and records.
- Support internal and external audits, regulatory reviews, and compliance assessments.
- Prepare weekly securities perfection and contract status reports.
- Monitor outstanding perfection requirements and follow up with branches, external lawyers, and service providers.
- Manage and monitor legal fees and related costs.
- Reconcile relevant legal fees, expenses, and related accounts.
- Submit Key Performance Scorecard reports, self-appraisals, and performance objectives within prescribed timelines.
Requirements
- Strong understanding of banking laws, corporate law, and applicable regulatory requirements.
- Knowledge of Bank of Tanzania prudential guidelines and relevant local laws and by-laws.
- Understanding of AML, KYC, and related regulatory compliance requirements.
- Proficiency in preparing and reviewing mortgages, guarantees, debentures, and other security documentation.
- Knowledge of conveyancing procedures, property registration, and securities perfection processes.
- Ability to review corporate constitutional documents and assess corporate capacity and authority.
- Strong contract drafting, document review, and legal advisory skills.
- Basic computer literacy and proficiency in standard office applications.
- Good understanding of legal risk assessment, documentation controls, and records management.
- Strong communication, coordination, supervision, coaching, and stakeholder-management skills.
Application Instructions
- Apply through the Equity Bank careers portal (Job Reference: 2600016J)
