Regional Legal Manager (Non Litigation )

Job Description:

Responsibilities

• The role needs to mitigate the title risk in retail loan proposals/facilitate the approving authority to take decision on the proposal.
• To be responsible for ensuring the legal assessment, approval and recommendation of all retail/ prime/affordable/CF proposals.
• Reviewing of PDD/ escrow, maintaining MIS and monitoring of exceptions.
• Formulation of product/policy/procedures by interacting with internal/external stakeholders in the field of legal due diligence during the entire life-cycle of loan portfolio.
• Guiding the business/credit/risk team on the referrals/ escalations on a day-to-day basis.
• Providing guidance on the exceptional events, conflict management, strategic decision on the Company's approach on given situations.
• Preparation/maintenance of legal/collateral acceptance policy & procedures.
• To be responsible for APF legal vetting, CF proposal legal vetting, drafting of covenants specific to transaction/s, upkeeping of Retail legal agreements, procedures & drafts.
• Drafting of Legal documentation and releasing EVs for execution within shortest TAT and driving entire LDD process with external empanelled lawvers.
• To ensure TAT within SLAs for panel advocates on title opinion reports, search reports, deferral/escrow account management.
• To effectively deploy processes and mechanisms for ensuring high quality TATs for validating lending proposals & share the same with all concerned
• To liaise with the credit committee and pricing committees for closing the approval process after validation from risk
• To ensure prompt resolution/ explanation of queries raised by sanctioning authorities.
• To recommend delegation authority to zonal, regional and local teams