The Co-operative Bank of Kenya Limited is incorporated in Kenya under the Company Act and is also licensed to do the business of banking under the Banking Act. The Bank was initially registered under the Co-operative Societies Act at the point of founding in 1965. This status was retained up to and until June 27th 2008 when the Banks Special General Meeting resolved to incorporate under the Companies Act with a view to complying with the requirements for listing on the Nairobi Securities Exchange (NSE). The Bank went public and was listed on December 22nd 2008. Shares previously held by the 3,805 Co-operative Societies and unions were ring-fenced under CoopHoldings Co-operative Society Limited which became the strategic investor in the Bank with a 64.56% stake. The Bank runs three subsidiary companies, namely: Kingdom Securities Limited: This is a stockbroking firm with the bank holding a controlling 60% stake. Co-opTrust Investment Services Limited: This is the fund management subsidiary wholly-owned by the bank. Co-op Consultancy & Insurance Agency Limited (CCIA): This is the corporate finance, financial advisory and capacity-building subsidiary wholly-owned by the bank. Our Vision To be the dominant bank in Kenya and the region, riding on the unique Co-operative Model providing innovative financial solutions for distinctive customer experience. Our Mission To offer a wide range of innovative financial solutions leveraging on our heavy investment in multi-channels, national and regional presence and with a focus on excellent customer experience by a highly motivated and talented team. Our Values We are Trustworthy We are Innovative and Agile We Value our Customers/People We Share and Collaborate We have Passion for Excellence We are Bold and courageous. The Role The successful jobholder will be expected to: Provide legal advisory services to all departments within the Bank including providing independent legal advice and judgment to mitigate any legal risks. Manage litigation against the Bank including external lawyers involved in litigation as well as review, analyzing and interpreting laws, regulations and judicial decisions. Provide support in contract negotiations and management including review of contractual agreements for the Bank and providing recourse options for non-performing contractors as well as preparing, reviewing and modifying contractual instruments to assist and support various business activities. Advise the relevant departments on the perfection of securities and documentation as well as managing the annual securities audits and advise on the remedial process. Offer cost effective and timely legal advisory services and support to the credit recovery function of the Bank in order to foster effective management of regulatory and litigation risk in the recovery of non-performing loans. Prepare and facilitate staff training on specific legal matters affecting the Bank including dissemination of appropriate legal requirements to various departments. Participate in risk management sessions that have a bearing on legal matters, reviewing risk reports for purposes of managing key risks efficiently in the risk management process and undertake research on current legal developments and preparing briefs to the Head of Legal Services. Qualifications, Skills & Attributes The successful jobholder will be required to possess the following qualifications: Must have a Bachelor of Laws (LL.B) Degree from a recognized University with a minimum of five years legal experience ideally in a leading organization, with a proven track record in litigation management, contract negotiations and conveyance. Must be an Advocate of the High Court of Kenya with a current practicing certificate. CPS will be an added advantage. Working knowledge of the legal environment in banking, general business/commerce in Kenya will be an added advantage. Strong conceptual, analytical, documentation and presentation skills with ability to influence and negotiate at different levels.
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Legal Officer At Co-Operative Bank Of Kenya
Banking / Financial Services
full time
Nairobi
Posted 21 hours ago