Legal Officer

Caritas Microfinance Bank is a licensed microfinance bank regulated by Central Bank of Kenya. Caritas MFB offers a full range of innovative and customized financial services with a special focus on the unbanked and underbanked. Its headquarters are located in the Nairobi CBD. Caritas MFB was formed to provide affordable, innovative and customized financia…

Legal Officer

JOB PURPOSE

Responsible for security documentation and contract management. Responsible for record keeping, custody and control of access to securities, contracts, leases, and legal & conveyancing files to ensure minimum loss of documents. Responsible for case management including the issuing of demand letters; receiving and responding to demand letters; filing of suits, court applications, defenses, affidavits; finding and preparing documents andwitnesses; andgeneralcase&vendormanagementto minimizeBank’s legal risk.

KEY RESPONSIBILITIES

• Issuing instructions to lawyers about perfection of securities, following up on the same with the lawyers and customers, and ensuring that they are perfected in a timely manner within approved TATs

• Scrutiny of all credit & security documents and certifying as to their correctness

• Preparation of legal documents including contracts, leases, & MOUs, whenever called upon to do so by any department or branch of the Bank through the unit head and ensuring their completeness before handing in the signed & stamped document for custody.

• Research on and preparation of legal opinions on legal risk facing the Bank

• Undertaking audits of security documents

• Custodian and reporting officer for the Data Protection Act

• Review all KYCdocuments to ensure compliance with existing laws and regulations

• Review of all bank’s standard documentation from time to time

• Assistin the drawing up and review of legal procedures, policies, and Bank products

• Follow up outstanding security documents; and maintain a regular register/schedule of outstanding documents prior to disbursement

• Assistthe bank on debt recovery process to ensure 100% compliance and recoveries

• of hardcore existing and written off debts

• Provision and interpretation of legal information to management

• Finding and preparation of witnesses forlegal cases for and against the Bank

• Finding and preparation of documentary evidence forlegal cases for and againstthe Bank