Manager, Legal (Loan Remediation & Recovery - Francophone) at African Export-Import Bank (Afreximbank)

Reference Number: MARBLR05
Location: Cairo, Egypt
 
Responsibilities

• Provide legal advice as required to the team managing an assigned portfolio of distressed credit facilities/ loans to minimize loss and maximize value of recoveries of from the sub and non-performing assets of the bank in line with set targets;
• Negotiation and preparation of legal documents with the Bank’s legal counter-parties and under the guidance of Director, Legal Services;
• Define and recommend appropriate solutions to legal problems and provide advice on constraints, risks and options in relation to loan work-out strategies with a view to reducing the Bank’s credit risk and maximize return;
• Closely interact with key stakeholders in the Bank including Business Development, Credit Assessment, Credit Quality Assurance, and Operations for the timely resolution of sub and non-performing loans;
• Ensure that the security package for all facilities in the Loan Remediation portfolio is perfected, with the most recent asset valuations as appropriate.
• Work closely with external legal counsel for the initiation and implementation of legal cases in the implementation of the loan acceleration and enforcement work out plans;
• Attend and actively contribute to the relevant committees of the Bank including; Pre-Assessment Committee, Business Committee, and Credit Committee to provide timely information necessary in strengthening the Bank’s legal and credit assessment process;
• Provide awareness and guidance to all stakeholders in the Bank with respect to the legal aspects of loan remediation policies, practices, and standards;
• Prepare timely and comprehensive Legal Updates reports on Loan Remediation reports to Senior Management and the Board on a monthly and quarterly basis respectively;
• Attend internal and external Bank meetings from time to time as may be guided by the Director, Legal Services and Chief Risk Officer;
• Undertake all such other duties and responsibilities as may be assigned by the Management from time to time.

Requirements, Qualification and Skill

• First degree in French Law and a relevant postgraduate degree in from a recognized University or a bar certificate in lieu of a post graduate degree;
• A professional qualification in Banking or Debt Recovery will be an added advantage;
• Sound experience of minimum 8 years with a leading financial services organization and relevant experience in the following areas: loan workout, rescheduling, rehabilitation, acceleration, enforcement, liquidation of assets and collateral, modification and/or implementation of various forms of loan recovery strategies;
• Demonstrated knowledge of French Civil law legal and banking regulations, policies and procedures relating to Loan Workout processes under OHADA;
• Demonstrated ability to deal with challenging customers and situations as well as the ability to resolve problems using sound judgment;
• Knowledge and understanding of the laws, processes, and documentation about foreclosures, legal action, and solvency/bankruptcies, and recovery of delinquent commercial loans;
• Proficient in the use of Microsoft Office applications and utilization of various applications for loan collections & recovery;
• Ability to communicate and function in a culturally diverse and change-oriented setting and therefore knowledge of the workings of the main segments of the trade finance markets and the participants in major regions of Africa;
• Excellent verbal and written communication skills in French and English. Knowledge of the Bank's other working languages is an added advantage (Arabic and Portuguese);
• Impeccable interpersonal skills and the ability to build and manage senior level interactions with a range of external stakeholders up to executive level;
• Ability to propose innovative solutions to complex problems which have a significant impact on the function or wider business;
• Possesses the highest personal and professional integrity;
• High levels of emotional intelligence and emotional resilience to be a good team player in a diverse legal team is a requirement.

Contractual information

• Permanent
• Willing and able to relocate to Cairo
• Suitably qualified candidates from all African nationalities are encouraged to apply