Recovery Officer, Remedial Asset Management at Wema Bank Plc

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

• Minimum of 3–5 years’ 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.