Summary
Date Posted: Thursday, October 10 2024, Base Salary: Not Disclosed

JOB DETAILS:
REPORTING TO: Securities and Documentation Manager
RESPONSIBLE FOR: Securities and Documentation
DEPARTMENT: Legal Department
REGION: Dar es Salaam
HOURS OF WORK: 8am – 5pm Monday to Friday. Additional hours as required by workload.

1. PURPOSE OF JOB:
Management and custody of all Banks’ securities and loan related documentation and maintaining a database of securities for all the business segments, i.e. corporate & retail.

2. PRINCIPLE ACCOUNTABILITIES:

RESPONSIBILITIES:
1. a) Safe custody of Bank’s securities
• Manage an organized and dual safe custody of securities for ease of retrieval and manage the strong room effectively
• Manage lodgement of all securities, retail & Corporate and physical filing of lodgement sheets
• Maintain and manage securities database to ensure that all securities held by the Bank are captured correctly and updated regularly
• Oversee the inputting of security details on lodgement and ledger sheets to ensure proper records are always in place and ensuring that all security-related documentation is captured on the system and filed
1. b) Discharges and Releases
• Manage and facilitate discharge of securities from the Bank on receipt of request from the business units/ branches or customers ensuring that the banks interests are covered
• Manage the withdrawal of Bank’s securities as well as oversee the movement of securities internally and externally i.
1. c) Compliance
• Review the security lodgement process to ensure highest standards in respect of procedure, and continuous improvement of the processes and engagement of stakeholders.
• Perfection of security documents at the different government registries/authorities
1. d) Takeovers and Sales
• Issuance of instructions to lawyers on takeovers
• Endorsement of discharges within the stipulated limits and overseeing the release of the same
• Vetting of the undertakings to ensure that the bank’s interest is protected at all times
• Manage the follow up of undertakings to ensure receipt of payment within the stipulated timelines or return of securities.
• Negotiating and vetting of undertakings for special release of securities e.g. to facilitate amendments on titles; subdivisions, lease registration etc. while ensuring that the bank’s interest is protected.
• Release lawyers and other financiers of their undertakings once the bank’s terms have been met.
1. e) Management of internal and External Stakeholders
• Manage both internal and external customers to ensure that their requests are responded to within the laid down timelines.
• Managing quarterly stakeholder engagements for process review and improvements.

3. SKILLS:
• At least 2-3 years of experience in the banking Industry

4. QUALITIES:
• University degree in Law or other relevant professional qualifications.
• Knowledge of Credit process and documentation
• Outstanding communication skills.
• Strong commercial know-how and first-class decision-making abilities.
• Be a good relationship builder and a strategic thinker rather than just operational.
• Resilient under pressure.

Kindly use the provided link to submit your application.

NB: Only shortlisted candidates will be contacted

Application deadline: 15th Oct 2024.


Work Hours: 8

Experience in Months: 36

Level of Education: Bachelor Degree

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