Recovery Officer, Remedial Asset Management Job at Wema Bank Plc

Wema Bank Plc - Widely reputed as the longest surviving and most resilient indigenous bank in Nigeria, Wema Bank Plc has over the years, diligently offered a fully-fledged range of value-adding banking and financial advisory services to the Nigerian public.

We are recruiting to fill the position below:

Job Position: Recovery Officer, Remedial Asset Management

Job Location: Lagos

Job Summary

• The Legal Officer in the Remedial Asset Management Department is responsible for providing legal support in the recovery and restructuring of impaired/delinquent facilities.
• The role involves advising on legal strategies for NPL recovery, managing litigation processes, drafting and reviewing legal documents, and ensuring compliance with regulatory and contractual obligations.
• The officer works closely with internal stakeholders and external counsel to maximize recovery and minimize legal risks.

Key Responsibilities
Legal Advisory & Strategy:

• Provide legal advice on recovery strategies including restructuring, foreclosure, asset disposal, and litigation.
• Advise on legal implications of remedial actions and ensure alignment with regulatory frameworks.

Documentation & Review:

• Draft, review, and negotiate legal documents including demand notices, settlement agreements, guarantees, and court processes.
• Ensure all documentation complies with applicable laws and internal policies.

Litigation Management:

• Liaise with external solicitors and monitor progress of recovery-related litigation.
• Represent the Bank in court proceedings where necessary and ensure timely resolution of cases.

Asset Recovery Support:

• Support the execution of recovery actions including repossession of financed assets.
• Coordinate with law enforcement agencies and estate management for lawful access and recovery.

Stakeholder Engagement:

• Collaborate with Loan Monitoring and other relevant departments to develop and implement recovery strategies.
• Engage with customers and guarantors to negotiate settlements and enforce obligations.

Requirements
Educational Qualifications:

• Bachelor of Laws (LL.B) degree from a recognized institution.
• Barrister-at-Law (B.L) and current membership of the Nigerian Bar Association (NBA).
• A Master’s degree in Law (LL.M), Finance, or related field is an added advantage.

Professional Experience:

• 3–5 years of post-call experience in banking, finance, or commercial law practice.
• Proven experience in debt recovery, credit remediation, or loan restructuring within a financial institution or reputable law firm.
• Strong understanding of litigation processes, enforcement procedures, and asset recovery mechanisms.
• Experience liaising with external solicitors, law enforcement agencies, and regulatory bodies.