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Job Id: 501
Job Title: Legal & Recovery - Delhi
Industry: Banking, Financial Servcies & Insurance
Functional Area: Legal / Law
Salary: 15 Lac - 30 Lac
Job Location: Delhi / NCR
About the Client

The company is India's Leading Non Banking Finance Company (NBFC) operating in Wholesale & SME Lending.

As part of the business activities,the company is predominantly focused into Asset Financing and Lending business. The Wholesale Lending Business segment provides specialized and holistic solutions to Indian corporates helping them build and grow their businesses with initial funding, mezzanine financing, acquisition financing etc. They focus on products in the structured credit space backed by adequate collaterals and cash flows to build a secured and quality wholesale lending portfolio.

Job Description

Legal Documentation, Policy & Guideline – Formulation:
1. Drafting of all legal documents, formats and agreements etc pertaining to SME & RA business. Getting all these legal documents, formats & agreements vetted by external legal firm. The documents, formats & agreements should ensure that the interest of MMFSL is always best protected. The documents & agreements should cover all legal risks and also ensure that all legal documents are in line with law of land.
2. Formulation of legal procedure and policy manual and ensure that there is a standard implementation of the same across all branches and locations.

Legal Process (Compliance)
1. Coordination with the Lawyers on legal matters related with Business , Collections & Recovery.
2. Support & adopt national plan towards implementation of the aforesaid ‘Directives & Policies’
3. Convergence of management directives & policies with regard to litigation & related processes
4. Maintaining relations with the Court officials, Police Machineries & other Govt. authorities
5. Standardize processes towards – ‘Filing’, ‘Drafts’, ‘Documents retrieval’, their ‘TAT’, ‘Quality’ with type of manpower & panel lawyers on board etc

Cost Management:
1. Monitoring legal expenses, MIS entry to that affect shall be maintained & recorded by the Back team through proper system.
2. Providing training and valuable inputs to employee about effective management of legal tool which will help to control cost.

Legal Guidelines (Recovery Unit)
1. Provide guidance to recovery team about legal procedure for possession of Assets and recovery of monies using legal recourse
2. Responsible for taking care of all appeal/revision/SC matters, cross appeal pending & to be filed within their domain locations
3. In-charge of filing civil/criminal complaint against employees, customers, dealers, agencies, DSAs, DMAs etc in case of integrity issues with due consultation with Portfolio team

Desired Candidate Profile

1. Must be a LLB
2. Should have excellent legal knowledge with respect to lending, mortgage, real estate, Securitization, charge creation etc
3. Should have atleast 10 years of domain and relevant experience.
4. Should have thorough understanding of the various statutes and regulatory frame work both on legal and compliance related matters.
5. Should have In depth Knowledge about legal compliance guidelines.
6. Hands on experience on legal efforts pertaining to recovery & criminal charges.

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