Recovery Officer, Remedial Asset Management

4 days ago

Lagos, Lagos, Nigeria Wema Bank Plc Full time ₦30,000 - ₦60,000 per year
  • 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.

Requirements

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 Master's degree in Law (LL.M), Finance, or related field is an added advantage.

Professional Experience:

  • 3–5 years of 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.

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