About First Bank of Nigeria Limited
First Bank of Nigeria Limited is the leading bank in West Africa and deeply ingrained in society. Its culture revolves around four core values: Entrepreneurship, Professionalism, Innovation, and Customer-Centricity (EPIC). These values define the bank’s mindset, actions, and work ethic, enabling them to fulfill their vision of becoming Africa’s preferred bank. EPIC encapsulates their commitment to achieving results for each other, the bank, and themselves, fostering motivation and personal growth. Every decision and action taken by FirstBankers is guided by these values, emphasizing the importance of entrepreneurial spirit, professionalism, continuous innovation, and a customer-focused approach in their work.
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We are recruiting to fill the position below:
Job Title: Team Lead, Corporate Transactional Support-Strategic Business Units (SBUs)
Job Identification: 848
Location: Nigeria
Job Schedule: Full time
Job Shift: Day
Duties & Responsibilities
- Support the Unit Head in the provision of high-level transactional negotiation and documentation support to the Strategic Business Units (SBUs) including but not limited to Treasury, Financial Institutions, International Banking, Corporate Banking, Commercial Banking and Private Banking in their deals with respect to assets creation and resolution of enterprise eligible banking assets as well as other end-to-end corporate finance structures.
- Researches and prepares legal opinions on the basic day-to-day issues bothering on the Unit’s activities.
- Drafts, negotiates and arranges the execution of loan documentation relating to Bank facilities.
- Drafts and reviews contracts and agreements between the Bank and other parties.
- Supervises the research and preparation of legal opinions as may be required by the Business Units.
- Reviews credit approvals (Form 3800B)/ offer letters and advises on the most optimal transaction structure that best protects the Bank’s interest whilst meeting its commercial objectives.
- Liaises directly with external solicitors to ensure that the Bank’s transactions specifically being handled by the team are promptly pursued, acted upon and concluded in good time.
- Attends meetings with SBUs and Strategic Resources Function (SRFs) for purposes of negotiating terms and conditions of commercial transactions to be entered into by the Bank.
- Prepares, reviews and vets a wide range of documentation, including but not limited to Letter of Domiciliation, Indemnities, Irrevocable Remittance Undertakings, Irrevocable Standing Payment Orders, Letters of Comfort, Letters of Support, Letters of Intent, etc.
- Prepares Loan Agreements, Corporate Guarantees, Sales & Collection Agreements, Letters of Hypothecation, etc.
- Conducts, analyses and interprets searches reports against Certificate of Registration/Incorporation documents of corporate entities.
- Supervises and serves as co-counsel with External solicitors retained by the Bank in specialized and cross-border transactions.
- Builds and improves on the capacity of team members by mentoring and guiding them in specialized and big-ticket transactions.
- Under the guidance of the Unit Head, manages/oversees the documentation, preparation and review of caseload of some of the largest and most intricate financial transactions involving the Bank allocated to the Team.
- Review of Product Papers, Policy documents, Product Terms and Conditions etc of the Bank to ensure that legal issues are properly addressed.
- Review legislations, laws and regulations as they affect the operations of the Bank;
- Ensure compliance with the principles and policies contained in the Information Security Handbook;
- Review the work of subordinates for quality assurance purposes;
- Supervises the drafts of all species of local and cross-border Bonds and Guarantees and vets/reviews draft of same prepared by counterparties to ensure there are no adverse clauses and that the interest of the Bank is adequately protected;
- Supports the Unit Head in the actualization of numerous product and service offerings, alliances, partnerships and other synergistic relationships created by the Products and Channels Unit;
- Lead, nurture, train, develop and motivate the Team members with robust job content and challenging assignments.
- Performs any other duties as may be assigned by the Unit Head and/or General Counsel.
Education Requirements
- First Degree in Law;
- Professional Qualification / License to practice Law in Nigeria;
- Master’s Degree or a relevant professional qualification will be an advantage.
Experience
- 6-12 years post-call private law practice and/or in-house corporate experience.
Key Competency Requirements
Knowledge:
- Good understanding of the Laws regulating the Financial Services Industry.
- Extensive knowledge of the Bank’s policies and procedures.
- Knowledge of regulatory policies and the business environment.
- Ability to manage legal risks.
Key Skills:
- Excellent drafting skills
- Detail oriented
- Analytical & problem solving skills
- Delegation skills
- Team building, human and interpersonal skills.
Tips to help you succeed when applying for the position of Team Lead, Corporate Transactional Support-Strategic Business Units (SBUs)
When applying for the position of Team Lead, Corporate Transactional Support-Strategic Business Units (SBUs) at First Bank of Nigeria Limited, here are some tips to help you succeed:
- Understand the role: Familiarize yourself with the job description and responsibilities of the Team Lead position. Gain a clear understanding of the role’s expectations, including transactional negotiation, documentation support, and portfolio management.
- Highlight relevant experience: Showcase your experience in corporate transactional support, including loan documentation, contract negotiation, and legal opinions. Emphasize any experience you have dealing with financial institutions and corporate clients.
- Demonstrate leadership skills: As a Team Lead, it’s important to showcase your leadership abilities. Highlight any past experience in leading a team, mentoring colleagues, or managing complex projects. Showcase your ability to guide and motivate team members to achieve desired outcomes.
- Showcase your legal expertise: Highlight your legal knowledge and qualifications, including a degree in Law and any relevant professional certifications. Showcase your understanding of the laws and regulations governing the financial services industry and your ability to manage legal risks.
- Emphasize your attention to detail: The role of a Team Lead in transactional support requires strong attention to detail. Highlight your ability to review and vet various documentation, such as loan agreements, contracts, and letters of support, ensuring accuracy and compliance with legal requirements.
- Exhibit strong communication skills: Effective communication is crucial in this role. Showcase your strong written and verbal communication skills, as you will be required to interact with internal stakeholders, external solicitors, and business units. Highlight your ability to articulate complex legal concepts in a clear and concise manner.
- Display problem-solving skills: Demonstrate your analytical and problem-solving abilities, as you will be responsible for analyzing and interpreting legal issues and finding effective solutions. Highlight instances where you successfully resolved complex legal challenges.
- Show your commitment to professional growth: First Bank of Nigeria Limited values continuous learning and personal growth. Demonstrate your commitment to professional development by highlighting any additional qualifications, certifications, or relevant training you have undergone.
- Research the company: Gain a thorough understanding of First Bank of Nigeria Limited’s culture, values, and operations. Show your enthusiasm for the bank’s mission and how your skills align with their vision of becoming Africa’s preferred bank.
- Submit a polished application: Ensure your application is well-written, error-free, and tailored to the specific requirements of the Team Lead position. Follow the provided application instructions carefully and provide all requested information accurately.
Remember, the competition may be fierce, so it’s important to present yourself as a qualified and motivated candidate who aligns with the bank’s values and objectives. Good luck with your application!
Deadline
5th July, 2023.
Method of Application
NOTE: Only Shortlisted Candidates will be contacted
