Legal Officer at Nigeria Inter-Bank Settlement System Plc – NIBSS

Nigeria Inter-Bank Settlement System (NIBSS) Plc. was incorporated in 1993 and is owned by all licensed banks including the Central Bank of Nigeria (CBN). It commenced operations in June 1994. NIBSS has put in place modern world-class infrastructures for handling inter-bank payments in order to remove potential bottlenecks associated with inter-bank funds transfer and settlement. The company also operates the Nigeria Automated Clearing System (NACS) which facilitates the electronic clearing of cheques and other paper based instruments, electronic funds transfer, Automated Direct Credits and Automated Direct Debits. NIBSS at the instance of the Bankers’ committee has acquired cutting edge technologies for the operation of the Nigeria Central Switch (NCS).

PRINCIPAL OBJECTIVES

NIBSS Plc. was established with the following major objectives:
To carry on business as a service-oriented institution that provides a mechanism for same day clearing and settlement of inter-bank transfers and payments
To provide the infrastructure for the automated processing and settlement of transactions between banks
To provide the framework for elevating the level of efficiency in funds transfer generally whilst at the same time reducing the risks associated with uncertainties in receiving value for payment and difficulties in maintaining efficient treasury operations and effecting timely reconciliation thereof
To initiate and develop an integrated nationwide network for the electronic or paperless funds transfer and settlement of transactions, among others.Job Purpose:

To provide timely resolutions to all legal and other incidental matters that connect to the products and services of the organization as well as aids in the delivery of company secretarial services.

KEY RESPONSIBILITIES

Assist in the review of agreements.
Manage relationship with relevant customers and vendors.
Secretary to sub-committees of the Board.
Attend meetings with customers.
Legal opinion and research
Review of law and regulations
Assist in the management of litigations
Manage relationship with Personal Assistants to the Board members
Perform all other duties as assigned by the Company
Secretary/Legal Adviser

KEY PERFORMANCE INDICATORS

Customer satisfaction
Percentage of task completed
Timely resolution of legal issues

EDUCATION & EXPERIENCE

Minimum of an LL. B, BL MBA will be an added advantage plus
Minimum of three (3) years’ experience in a law firm, Financial Industry and payment services

FUNCTIONAL SKILLS & COMPETENCIES

Contract draft, review and negotiation skills.
Knowledge of relevant laws, court rules, and practice and procedures.
Company secretarial services skills.
Relationship building skills.
Research skills
Litigation management skills.
Knowledge of Windows, Power Point, Word and Excel or similar programs