Role - Wholesale Banking Legal

Education - LLB/LLM

Location - Mumbai, BKC

Job Purpose : The role enatails providing professional legal advice, clarifications and legal opinions on strategic legal and business matters relevant to the core business operation of Wholesale Banking unit of IDFC FIRST Bank such as drafting, vetting and negotiation of various contracts, reviewing launch of new products, reviewing and providing inputs on legal / regulatory updates, while adopting a proactive approach in ensuring that the bank is protected from any adverse legal consequences.

Roles & Responsibilities:

- Providing sound legal advice to business groups on various legal matters pertaining to the respective banking groups in conjunction with the Head - Wholesale Banking Legal

- In depth understanding of banking products such as term loans, working capital loans, consortium and multiple banking, security documents and related issues, updated knowledge on stamp duty, project finance, transaction banking services such as Cash management services, bank guarantees, SBLC, escrow etc.

- Providing regular update to legal / business team with respect to the changing regulatory policy framework and business requirements aligned to the strategy and advising implementation of the strategy in line with the bank's vision, and corporate objectives

- Providing effective advise and support to business group consisting of corporate clients, conglomerate, debt syndication, transaction banking, trade finance, documentation team, foreign institutional clients, operational team etc. in facilitating closure of transactions

- Maintain costs of functioning as a group within the approved budget

- Review and provide legal advice on development of key strategic contractual documents and decisions and support managers with the resolution of all contractual issues/disputes in order to safeguard the bank's best interests

- Ensure good quality of legal facilitation is exercised on the client groups and to ensure right advice is given to business on transactional issues

- Help ensure regular monitoring of the statutory obligations requirements of the company

- Support customer / legal escalations and regulatory issues pertaining to the respective Banking Group

- Develop and update the legal manuals and procedures related to respective Banking group from time to time

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