Assistant Legal Counsel

1. Drafting/vetting/review of all kinds of credit documentation for MSE and Housing, including security documents and all transaction documents for various kinds of fund based and non-fund based as well as secured and unsecured facilities.

2. Vetting of Title Scrutiny Reports (TSR) submitted by panel Advocates to confirm that the TSR satisfies the business requirements of the Bank.

3. Assist the business/Credit in registering Mortgages wherever necessary.

4. Managing legal issues pertaining to creation/registration of Mortgages, Hypothecation, Pledge etc.

5. Assist Team in completion of Legal Audit in timebound manner.

KEY DUTIES & RESPONSIBILITIES OF THE ROLE

Business:

1. Vetting of Title Scrutiny Reports (TSR) submitted by panel Advocates to confirm that the TSR satisfies the business requirements of the Bank.

2. Timely completion of Legal Audit and coordination with Business / Credit functions for effective closure.

Internal Process:

a. Adhere to timelines in obtaining maintaining TAT, maintenance/reporting of MIS, submission of periodical Statements to Regional/Corporate Legal Department.

b. Educate the stakeholders on legal aspects.

Learning & Performance:

c. Maintain a database on Applicable laws pertaining to the area of operation, comprising FAQs, dos & donts as a ready reference.

d. Conduct training on relevant laws/acts to stakeholders on a periodic basis.

e. Actively coordinate with respective stake holders in case of any big misses/lapses.

Qualifications

Should be a graduate in Law (5 Year/3 Year) as a regular scholar (Full-Time) from a recognized University.

Experience(Years and Core Experience Type)

Upto 3 Years. Should have worked in Legal Departments of a Bank/Financial Institution.

Functional Skills

1) Experience in legal matters relating to:

General and Commercial Laws

Civil Procedure Code

Transfer of Property Act

Regulatory Guidelines on Recovery/Appointment of Recovery Agents

Regulatory and Statutory Compliance

2) Should have in-depth understanding of mortgage related concerns.

3) Proficiency in dealing with Legal Audit.

Behavioral Skills

Smooth interaction with Advocates and Vendors.

Establish standards of behavior for others and motivate and empower individuals.

Competencies

Ability to address issues during crisis

Problem solving & critical thinking

Negotiation skill

VI. KEY INTERACTIONS

INTERNAL

EXTERNAL

The following Departments at Corporate Office: MSE, Housing, Micro Banking, Rural Banking, Vehicle Personal Loans, and Collections, Risk & Compliance, Finance, Audit, Vigilance, HR, SQ etc.

Regional Business/Collection Managers and Area Credit Managers/Area Managers

Regional and Corporate Legal Team

External Legal Consultants, Law firms, Lawyers

Statutory and Regulatory Authorities

Various Courts of Law, Legal Services Authorities, Office of the Banking Ombudsman

Service Providers, Recovery Agents, Enforcement Agencies, etc.