2 Documentation and Securities Manager Job Opportunities – DFCU Bank

Organisation: DFCU Bank
Duty Station: Kampala,
Uganda
Reports to: Manager – Credit
Operations Unit
About US:
DFCU bank is a fast growing commercial bank offering a variety of
innovative products and services. DFCU Limited was started by the Commonwealth
Development Corporation (CDC) of the United Kingdom and the Government of
Uganda through the Uganda Development Corporation (UDC) under the name of
Development Finance Company of Uganda Limited. Later restructuring brought in
DEG (of Germany) and International Finance Corporation (IFC) as equal partners
with CDC and UDC, each having a 25% stake in the company. Its objective was to
support long-term development projects whose financing needs and risk did not
appeal to the then existing financial commercial lending institutions.
Job Summary: The
Documentation & Securities Manager will oversee the securities and
documentation function including preparation of sanctioned complex deals with
unique and non-standard terms and conditions in compliance with all legal,
financial and credit requirements to protect the Bank from any loopholes
arising from poor documentation.
Key Duties and
Responsibilities:  
  • Preparation
    of documents for non-standardized deals that involve unique terms
    and conditions with huge exposures of over USD 200,000 to ensure timely
    preparation of the legal documentation that are water tight and
    enforceable in courts of law in case of default.
  • Review
    complex credit files and documents prepared by the Documentation
    and Securities Officer and the Legal clerk for accuracy for the
    non-complex deals, bids securities, releases etc., to ensure Know Your
    Customer (KYC) compliance which enhances prevention of Bank fraud, and
    confirm accuracy of executed legal documents received from the business
    streams
  • Guide
    and train the business team in respect to the documentation that they are
    handling to enable them appreciate issues that arise from time to time and
    adequately handle clients concerns without having to revert to the
    team.
  • The
    jobholder will verify and confirm security perfection for purposes of
    recommending disbursement before draw down of facilities and through this,
    prevent and manage losses arising from exposure of the Asset book.
  • Conduct
    quarterly security file audit / review to ensure that the Bank’s interests
    are properly protected to prevent likely losses and or litigation that
    could arise exposures.
  • Keenly
    monitor the external lawyers to ensure timely perfection of securities as
    per their SLAs, closely monitoring and facilitating the movement between
    the business units and Bank lawyers to ensure that the desired performance
    is achieved and that the bottom-line is achieved including disbursement
    and security perfection.
  • Ensure
    reconciliation of the legal fees account on a monthly basis to avoid fraud
    and loss to the Bank and eventually authorize payments to external counsel
    for registration services and ensure their accounts are credited and
    invoiced promptly.
  • Ensure
    timely term lease extensions and rectification of all other securities’
    deficiencies.
Qualifications, Skills and
Experience:
  • The applicant for the DFCU Documentation
    & Securities Manager job opportunity must hold a University Law Degree.
  • Possession
    of a postgraduate Diploma in Legal Practice.
  • A
    minimum of four years of banking experience or two years in handling
    documentation for large corporate /wholesale deals.
  • In-depth
    knowledge of the principles governing Banking & Corporate Law, Land
    Law, Mortgages and Leasing, among others.
  • Bank
    Credit policies
  • Underwriting
    standards and good working knowledge of the operations of other
    departments
  • Broad
    knowledge of Consumer Banking and DIB lending will be an added advantage.
  • Effective
    communication, good interpersonal and research skills.
  • Self-motivation,
    result orientation with ability to make appropriate decisions as and when
    required.
  • Computer
    literacy skills
  • Good
    supervisory and management skills
How to Apply:
All candidates who so wish to join the banking sector in the
aforementioned capacity are encouraged to send their applications with detailed
CVs including present position and copies of relevant professional/academic
certificates to: Vacanciesbank@dfcugroup.com
Deadline: 27th April
2017
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