IFMR - Legal Counsel

About IFMR Capital (http://capital.ifmr.co.in)

IFMR Capital's mission is to provide efficient and reliable access to debt capital markets for institutions that impact low income households. Such institutions include rural & urban micro finance institutions, retail NBFCs, and housing finance companies. IFMR Capital connects these institutions with capital markets and investors such as banks, insurance companies, and mutual funds through financial tools such as securitization, credit enhancement and debt structuring.

Position : 0-3 years PQE

IFMR Capital is currently looking for one as Legal Counsel, to be based in Chennai, to report to the Chief Legal Counsel. The Legal Counsel (LC) will assist in direction of compliance across the company, to ensure that the business complies with all requirements laid out by legislation, contracts and internal policies and ensure that the business has the systems, frameworks and controls in place to prevent, monitor, mitigate and manage identified risks appropriately and in a controlled way.

There are currently 3 lawyers in the team and the Legal Counsel will be a junior to mid-level position with the responsibilities mentioned above.

Key Responsibilities :

Strategic Contribution : As a member of the legal team, the LC is expected to contribute towards the formulation and implementation of overall business strategies and plans. In addition, the LC is responsible for monitoring the legal risk of IFMR Capital.

Capital Market Transactions : Provide legal advice while structuring transactions.

- Responsible for end-to-end securitization process in conjunction with the securitization team and ensure all legal requirements are met.

- Negotiation of documentation with prospective investors, trustees, and law firms

Debt Financing to Institutions : With clear knowledge of RBI, SEBI and other relevant regulations, the LC will assist in design and development of innovative new products and instruments along with the structuring team. The LC will also be responsible for negotiation and documentation of term loans/ working capital facilities provided to originators.

Developing new products : Responsible for developing in house expertise in designing and implementing new product structures keeping in mind commercial viability and compliance with the law (including all the relevant regulations).

Policy :

- Responsible for embedding legal and compliance standards and procedures throughout the business and to provide technical support and guidance to the business.

- Develop and maintain a compliance program for the Company, reporting that is commensurate with size and complexities of the business, of the Company as a whole.

- Develop, maintain, publish and archive clear and effective policies and procedures, guidelines and other controls that appropriately and effectively address all compliance and ethics risks, implementing controls, to ensure compliance with all applicable laws and regulation

IFMR Capital's Resource Raising: Assist in negotiation with investors and law firms, and documentation of IFMR Capital's resource raising, viz., debt and equity including, convertible/ non-convertible debentures, term borrowings, working capital.

Domain Expertise :

- Has current experience and up to date knowledge of legislative and regulatory changes and developments, and ensures that any changes to rules and regulations are appropriately communicated to the team, management and staff.

- Liaison with regulators, internal risk management, internal and external audit as well as legal advisors when required.

Experience/Skills Required :

- 0 to 3 years experience in capital markets law, either in a law firm or in a financial institution or other organisation.

- Experience in drafting securitisation and corporate debt transactions is preferable

- Strong structuring skills

- Problem solving approach

- Strong interpersonal skills and effective communication skills- both written and verbal

- Strong work ethic, positive attitude, self -motivated individual having an ability to work individually and as part of a team

- Intellectual curiosity, creativity and self -motivation

- Any experience in evaluating real estate backed transactions / real estate project financing / housing finance company legal operations is a plus.

Apply with updated resume and cover letter.