Assistant Manager Legal

Job Description:

Responsibilities

• Debt management services - Build and manage resolution / recovery infrastructure for retail portfolios.
• Resolution - Monitor the recovery and resolution curve over time and make necessary changes (e.g., increase or decrease the resolution amounts/ tools used) as needed, create standardized resolution schemes that can be offered to borrowers in an automated manner (either a retail resolution platform over time or through call centres and SMSs, etc.)
• Legal / Recovery - Standardize the legal / litigation/ recovery / repossession process, use of right and optimum legal options at the right stage, monitor legal notices and other steps, TATs at each stage, automate movement on the steps to be taken, separation of low probability accounts that can be offloaded to specialized recovery agents on a variable fee model (earlier the better), developing onboarding process, managing legal and other partners involved (local lawyers, repo agents, etc.), performance parameters and management of the partners.
• PMO function -work closely with the PMO for retail, set up protocols, workflows and operationalization of legal steps, TAT etc. Necessary system builds for recovery/ legal and resolution.
• System Capability & Cost optimization- Technology is integral to all functions and you will play an important & active role in creating the system capability & build in your functional areas. Create & meet cost / budgets for your functions.
• Handling dishonour of cheque/ECS cases, Arbitration matters, SARFAESI proceedings, recovery Suits in civil court/ DRT, execution proceedings, criminal cases, consumer cases etc
• Filing and handling legal matters in various courts including NCLT/NCLAT, High Court
• Monitoring the outsourced agencies to manage the legal activities in the retail portfolio
• Handling and management of Litigation Management Software
• Rendering legal advisory on product and regulatory issues
• Providing legal advice to other department(s), as and when sought
• Drafting, vetting and negotiation of credit, collections, vendor and securitization related documentation for retail portfolio
• 360-degree litigation management

Qualification & Experience

• Bachelor’s degree in law, having minimum 3 years of experience in
• Knowledge of Sec 138, Arbitration matters, SARFAESI proceedings
• Filing and handling legal matters in various courts including NCLT/NCLAT, High Court