Area Manager - Legal (Mortgages & Liabilities)

Role and Responsibilities:

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. To represent the Bank before SRO while registration and cancellation of mortgage documents.
   
   
3. Vetting of Title Scrutiny Reports (TSR) submitted by panel Advocates to confirm that the TSR satisfies the business requirements of the Bank.
   
   
4. Assist the business/Credit in registering Mortgages wherever necessary.
   
   
5. Managing legal issues pertaining to creation/registration of Mortgages, Hypothecation, Pledge etc.
   
   
6. To prepare and vet underwriting documents for loan creation and security perfection.
   
   
7. To empanel requisite number of panel advocates and ensure prompt handling of cases by panel Advocates.
   
   
8. Liaise with Courts, Commercial Courts, Arbitration Tribunals, DRTs, Legal Services Authorities, panel Advocates, empanelled Recovery Agents, Consumer Fora etc. and ensure their good relationship with the Bank
   
   
9. Track changes relating to Stamp duty payable for the different states in the Region and update the stake holders
   
   
10. Track changes in State specific Laws relating to the Region and update the stake holders.
    
    
11. Monitor and track cases filed against bank until closure.
    
    
12. Furnish advisory to Branch Banking, Service Quality, Admin, Vigilance, HR and other departments.
    
    
13. Drafting and vetting of Police complaints, reverts to notices received from Statutory Authorities, replies to be filed in Court of Law, Banking Ombudsman, etc.
    
    
14. To maintain Notice tracker and report them periodically.
    
    
15. To conduct Legal Audit for eligible Accounts and report to the concerned stake Holders.
    
    
16. To represent on behalf of the Bank before Court of Law, Statutory Authorities, etc.,
    
    
17. To handle any specific issues specially assigned by the Regional Legal Manager.
    

Requirements

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

2. Experience of 8 - 14 Years. Preference will be given to those who have practiced in  Courts/Fora/ Tribunals as Advocate at least for a period of 2 Year. Should have worked in Legal Departments of a Bank/Financial Institution.

3. Experience in Legal matters relating to - General and Commercial Laws, Civil Procedure Code, Criminal Procedure Code, RDDB & FI Act and Rules, SARFAESI Act and Rules, Enforcement of Security Interest and Recovery of Debts Laws and, Miscellaneous Provisions Act, Negotiable Instruments Act, Payment and Settlement Systems Act, Banking Ombudsman Scheme, Regulatory Guidelines on Recovery/Appointment of Recovery Agents, Regulatory and Statutory Compliance, etc.

4. Should have in-depth understanding of matters related to loan documentation and security creation/perfection.

5. Proficiency in drafting Legal Notices, Plaints, Written Statements, Versions, Replies, Rejoinders and Criminal Complaints.