07/12 Sucheta Bhilare
Principal Consultant at Vitasta Consulting Pvt. Ltd.

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Head - Legal - BFS - LLM (20-25 yrs)

Mumbai Job Code: 642070

Job Title : Head Legal

Location : Mumbai

Experience : 20+ years

Background : ARC background is a must

Qualification : Masters in Law

Reporting structure : will be a team role eventually but will have a CS reporting into this role and will report to the CEO

Job Responsibilities / Accountabilities :

1. Providing integrated legal support towards acquisition and resolution of financial assets and transaction structuring.

- To formulate legal strategy for the acquisition, resolution and recovery from stressed accounts.

- To conduct legal due diligence of various contracts pertaining to the projects appraised by ARC and identify the legal risks involved therein.

- To conduct/ organize title search with Land Registrar, ROC, Revenue Department, Court Search, Notification search etc for tracing/ confirming title to security proposed to be provided to AB ARC.

- To conduct/ organize vetting of security documents of underlying financial assets which includes loan agreements, mortgage deeds etc.

- To provide active support to business, risk and research teams in finalizing the transaction / security structure and terms and conditions for a proposal

2. Drafting and vetting of transaction documents

- Finalizing the documents in connection with the acquisition of financial assets by ARC from other banks /financial institutions.

- Devising all the documents for issuance for security receipts by ARC to qualified institutional buyers.

3. Set up and administer efficient systems and processes towards legal risk management

- To set up, implement and periodically update Legal SOP comprising of standard procedure for administering/ managing legal functions involving corporate legal issues, dispute resolution, due diligence, DMS, empanelment etc.

- To efficiently manage/ support other legal process initiatives including security release/ replacement, MIS, DMS, empanelment etc.

4. Dispute Resolution

- To set-up efficient dispute resolution strategy

- Handling SARFAESI/ IBC and other legal matters before legal fora.

- To closely co-ordinate with lawyers on various forms of dispute resolution

- To efficiently manage litigation data and documents including details of orders, awards, claims, counter-claims, litigation etc.

5. General Support

- To provide support towards drafting and vetting of non-lending contracts, e.g., service provider agreement, non-disclosure agreements, I.T Contracts, H.R Contracts etc.

- To provide opinion/ advise on any day to day/ legal issue.

6. To focus on skill enhancement & team development

- Periodically conduct sessions/ seminars on concerned legal subjects.

- Arrange for training of the Legal Team from time to time to keep the team updated with changing laws and precedents

- To share legal updates with the relevant personnel on legal and regulatory issues pertaining to ARC business.

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