Remedial Asset Management Recovery Officer

Wema Bank Plc - Widely reputed as the longest surviving and most resilient indigenous bank in Nigeria, Wema Bank Plc has over the years, diligently offered a fully-fledged range of value-adding banking and financial advisory services to the Nigerian public.

Job Summary

• The Legal Officer in the Remedial Asset Management Department is responsible for providing legal support in the recovery and restructuring of impaired/delinquent facilities.
• The role involves advising on legal strategies for NPL recovery, managing litigation processes, drafting and reviewing legal documents, and ensuring compliance with regulatory and contractual obligations.
• The officer works closely with internal stakeholders and external counsel to maximize recovery and minimize legal risks.

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.