AVP - Legal & Recovery - NBFC

Company : Non Banking Financial Company

Role : Legal and Recovery

Function : Legal Head

Product / Sub Function : SME

Location : Delhi

Group : SME and Retail Assets

Purpose of Job:

- To handle end to end Legal, Compliance and Recovery aspects of SME & Retail Assets business

Responsibility:

Legal Documentation, Policy & Guideline - Formulation:

- 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.

- 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):

- Coordination with the Lawyers on legal matters related with Business, Collections & Recovery. Support & adopt national plan towards implementation of the aforesaid - Directives & Policies

- Convergence of management directives & policies with regard to litigation & related processes

- Maintaining relations with the Court officials, Police Machineries & other Govt. authorities

- Standardize processes towards - Filing, Drafts, Documents retrieval, their TAT, Quality with type of manpower & panel lawyers on board etc

Cost Management:

- Monitoring legal expenses, MIS entry to that affect shall be maintained & recorded by the Back team through proper system.

- Providing training and valuable inputs to employee about effective management of legal tool which will help to control cost.

Legal Guidelines (Recovery Unit):

- Provide guidance to recovery team about legal procedure for possession of Assets and recovery of monies using legal recourse

- Responsible for taking care of all appeal/revision/SC matters, cross appeal pending & to be filed within their domain locations

- 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

Knowledge & Skills Required:

- Should have excellent legal knowledge with respect to lending, mortgage, real estate, Securitization, charge creation etc

- Should have atleast 10 years of domain and relevant experience.

- Should have thorough understanding of the various statutes and regulatory frame work both on legal and compliance related matters.

- Should have In depth Knowledge about legal compliance guidelines.

- Hands on experience on legal efforts pertaining to recovery & criminal charges.