• Application Deadline: Sun, 26 Jan 2025 00:00:00 GMT
• Position: Legal Officer(Mortgage Banking)



• Job Type Full Time



• Qualification BA/BSc/HND , MBA/MSc/MA



• Experience 3 - 5 years



• Location Lagos




• Job Field Law / Legal 
  
  

Job Overview

The Legal Officer will be responsible for providing legal support, ensuring regulatory compliance, and mitigating risks associated with the bank's mortgage operations. The role involves drafting, reviewing, and managing legal documents, advising on legal and compliance matters, and ensuring the bank adheres to all applicable laws and regulations. This position plays a critical role in safeguarding the bank’s interests and maintaining its compliance with legal standards.

Key Responsibilities

Legal Advisory

• Provide legal guidance on mortgage banking operations, including loan agreements, property documentation, and regulatory compliance.


• Advise management on legal implications of various business activities and decisions.


• Interpret and ensure compliance with applicable laws, regulations, and guidelines governing mortgage banking.

Document Drafting and Review

• Draft, review, and negotiate legal documents such as mortgage agreements, loan contracts, lease agreements, and service-level agreements.


• Ensure accuracy, legality, and compliance in all contractual obligations.

Regulatory Compliance

• Monitor and ensure compliance with local, state, and federal mortgage banking laws and regulations.


• Liaise with regulatory bodies to stay updated on changes in laws or compliance requirements.


• Prepare and submit regulatory reports and filings as required.

Risk Management

• Identify potential legal risks and develop strategies to mitigate them.


• Handle legal disputes, including litigation, arbitration, or mediation related to mortgage transactions.


• Maintain a database of legal precedents and ensure adherence to best practices.

Contract and Property Management

• Oversee the verification and registration of property documents to ensure the security of the bank's mortgage portfolio.


• Manage legal due diligence for property acquisitions and mortgage-backed securities.

Policy Development

• Assist in drafting and reviewing internal policies and procedures to ensure legal and regulatory compliance.


• Conduct training sessions for staff on legal and compliance matters.

Collaboration and Communication

• Work closely with other departments, including Credit, Risk, and Operations, to ensure seamless legal support for mortgage activities.


• Act as the primary point of contact for external counsel, notaries, and other legal service providers.

Qualifications and Skills

Educational Requirements:

• Bachelor’s degree in Law (LLB). A master’s degree in law (LLM) or a specialization in banking/finance law is an added advantage.


• Post-bar experience

Experience:

• Minimum of 3–5 years of experience in a legal role, preferably within the mortgage banking or financial services sector.

Skills and Competencies:

• Strong knowledge of mortgage banking laws, real estate law, and financial regulations.


• Excellent drafting, negotiation, and analytical skills.


• Proficiency in managing legal databases and regulatory reporting tools.


• High attention to detail and the ability to handle multiple tasks effectively.


• Strong interpersonal and communication skills for stakeholder engagement.


• Timely and accurate drafting of legal documents.


• Effective mitigation of legal and compliance risks.


• Compliance with all regulatory requirements and deadlines.


• Positive resolution of legal disputes.


• Quality of collaboration with internal and external stakeholders.