Senior Legal Manager

Work Level: Individual

Core: Result Driven

Leadership: Empathy

Industry Type: Banking

Function: BFSI, Investments & Trading - O

Key Skills: Legal Manager,Legal Compliance,Lap,Legal,Legal Process Implementation

Education: Other

Education Other: LLB

Note: This is a requirement for one of the Workassist Hiring Partner.

Role & Responsibilities

o Assess and appoint new legal vendors as per bank policy

o Renew existing legal vendors basis internal review on performance

o Track blacklisted legal firms to ensure that the partners / individuals are not engaged with without explicit approval from Internal legal team.

o Maintain MIS for total of empaneled vendors and track dormant vendors, if any; further steps like de-empanelling to be done in suitable cases of dormant vendors.

o Track changes in vendor firm composition and initiate necessary actions.

o Feedback to vendors regarding end to end TAT management from legal verification initiation to final signed legal report submission.

o Invoice processing of legal vendors within agreed time lines.

o Check and update existing ultimate borrower documentation for various mortgage products

o Circulate standard document set to business team and to procurement team for printing

o Drafting and circulating appendix or addendum in cases of regulatory requirements till exising document sets are updated. Title search and ownership verification on sample basis for each branch, basis legal vendor reports on below parameters

o Clear and marketable title for ultimate borrower(s)

o SARFAESI applicability

o Continuity of title for minimum specified number of years

o Other parameters specified for particular location

o Business teams on case specific issues basis remarks from external legal vendors

o Product team on new products to be launched

o Credit team on deviations in legal reports

o Customer service teams on legal notices received from customers. Risk and compliance identify, assess and mitigate legal risks; ensure adherence to location specific regulatory requirements

o Advise collections team to initiate legal proceedings on defaulting customers witin timelines Sec 138 / SARFAESI / Arbitration

o Co-ordinate with local external legal vendors on NDOA(Next Date of Action) for each case and maintain case with summary at central level for monthly review

o Draft necessary intimation letters for completion of process of property repossession, auction and final disposal of property

o Enhance process to identify potential fraud cases at legal document verification stage

o Advise business and collections teams on next steps in case of identification of fraud

Company Description

Workassist is an online recruitment and employment solution platform based in Lucknow, India. We provide relevant profiles to employers and connect job seekers with the best opportunities across various industries. With a network of over 10,000+ recruiters, we help employers recruit talented individuals from sectors such as Banking & Finance, Consulting, Sales & Marketing, HR, IT, Operations, and Legal.

We have adapted to the new normal and strive to provide a seamless job search experience for job seekers worldwide. Our goal is to enhance the job seeking experience by leveraging technology and matching job seekers with the right employers.

For a seamless job search experience, visit our website: https://bit.ly/3QBfBU2

(Note: There are many more opportunities apart from this on the portal. Depending on the skills, you can apply for them as well).

So, if you are ready for a new challenge, a great work environment, and an opportunity to take your career to the next level, don't hesitate to apply today. We are waiting for you!