FNB Namibia is recruiting a Legal and Credit Risk Administrator, to be based in Windhoek, Namibia.
Description
- To ensure that the technical aspects of surety will hold up in legal process
- Accountable for the controlling of all surety related documents and ensure that documentation is managed in safe keeping
- Provide efficient and effective administration support to ensure the smooth running of a functional area
Duties
- Maintenance of expert knowledge on relevant legislative amendments, industry best practices and provision of proactive advice and solutions to relevant stakeholders
- Verify Security “Held” according to latest approved limit in order to prevent losses
- Scrutinize correctness of currently held Security documents to ensure that it complies with the legal requirements, check if all supporting documents are in place (e.g Marital Status letters, ID documents, Company/CC Documents, Fire Cover confirmations, Valuation reports)
- Ensure that all incorrect collateral documents are redrafted thereby minimizing the risk to the Bank
- Draft new required “proposed” Security documents according to the requirements of the limit
- Draft Facility Letters and Loan Agreements as these form part of the legal agreement between the Bank and the Borrower for credit facilities granted
Requisites
- Have a Certificate or Diploma in Administration
- Have 3-5 years relevant experience, Collateral background and Collate System knowledge will be an added advantage
Notes
- Only shortlisted applicants will be contacted