Head: Legal Recoveries, Business Rescue & Insolvencies

SUMMARY:
Our client is currently seeking a Head: Legal Recoveries, Business Rescue & Insolvencies to design, implement and lead an end-to-end legal recoveries capability that is recognised as a
valuable and strategic function of the Company

POSITION INFO:
Main Duties and Responsibilities

• Collaborate cross functionally to implement legal risk mitigants in a rapidly evolving environment shaped by service, market, legal, regulatory, process, and product changes.
• To formulate and ensure the achievement of the Legal Recoveries, Business Rescue & Insolvencies Department’s (RBI) strategy in line with the corporate strategy
• Overall strategic leadership, management and quality control of the Department.
• In alignment to the corporate plan and the Company policies: develop, implement and maintain the legal recovery, business rescue and insolvency strategies to maximise recoveries and reduce impairments.
• Manage various functions within RBI to deliver on the Department mandate.
• Develop, implement and enforce write-off processes and related policies
• Manage and monitor the matters that are referred to panel firms, debt collectors, business rescue as well as liquidation.
• Manage the business rescue and insolvency process including submission of claims.
• To co-ordinate dealings with panel firms and debt collectors and ensure that the Corporation benefits from cost-effective legal advice and services.
• Identify and implement effective risk controls and conduct related annual reviews.
• Ensure that risk controls are operating effectively and, if not, ensure that appropriate, corrective actions are taken.
• Manage business and reputational risks associated with the RBI portfolio.
• Design, implement and monitor adherence to policies as aligned with the recoveries strategy and reviewed annually.
• Document processes and procedures and align to the recovery strategies and reviewed annually.
• Oversee and manage the flow of relevant information to best inform stakeholders as to the status of the portfolio or individual clients within the portfolio.
• Where appropriate, generate feedback to stakeholders to improve future risk decisions and ensure past mistakes are prevented.
• Drive stakeholder alignment and satisfaction utilising sound stakeholder management techniques.
• Manage and maintain relationships with external service providers (panel firms; debt collectors, business rescue practitioners etc.) and handle their queries timeously.
• Maintains good communication and reporting lines with the Company's operational and post investment units and respond timeously to internal and external customer queries.
• Effective reporting for various committees.

• Minimum Post Graduate Degree; LLB.
• An admitted Attorney in good standing.
• MBA/MBL would be an added advantage.

• Minimum 10 years’ relevant experience post admission as an Attorney and a sound track record in the financial services industry.
• Minimum 10 years’ experience in recoveries and business rescue transactions typically concluded in a financing environment.
• Minimum 5 years Leadership and Management experience of a professional legal team.
• Possess a proven track record at senior management level with experience of applying sound judgement in credit decisions in all parts of credit cycle.
• Experience of managing a medium sized Recoveries and collections team.
• Experience in engaging, managing and negotiating and influencing relevant stakeholders including but not limited to professional associations/bodies, government institutions, regulators, service providers 
• Experience of similar work within the Development Finance environment will be an added advantage.
• Ability to prioritise conflicting demands and work within tight deadlines
• Ability to grasp complex areas of the law rapidly and accurately
• Must have strong interpersonal skills, maturity, and good judgment.
• Capable of communicating with a diverse range of individuals.