Regional Manager - Legal - BFS

Regional Legal Manager

- This role is responsible for devising and implementation of Legal evaluation Risk Governance framework for the region.

- Ensuring Legal verification and evaluation strategy and policy aligned with the market trends to facilitate favorable business environment and to ensure the quality and security coverage of the portfolio.

- Maintain productivity at the desired levels aligned with organizational goals and objectives.

Key Responsibilities:

- Preparing legal guidelines w.r.t. properties of the region basis the location/transaction specific bye laws and regulations. Develop region specific collateral related policies and design seamless, efficient and robust collateral property legal evaluation process and procedures for the region

- To facilitate provision of legal support and necessary legal advice required by various functions in connection with the lending by the Company to the Borrowers or any other related legal matters.

- Advising the cross functional teams for various legal issues, stamping, registration requirement etc. for various type of transactions. Drafting of various forms / letters / affidavits / undertakings etc. as may be required by the internal departments.

- Review and Legal inputs for various policies, process, products, loan documentation.

- Management of the vendors involved in the legal evaluation process, ensuring their quality and SLA standards are being maintained

- Keeping Market intelligence on the Real estate and sharing the knowledge series update with various teams and functions on various amendments / refresher about various laws related to the properties, mortgage etc.

- Keep updated with market and bring about changes in legal evaluation policy and maintain competitiveness

- Engage with local intermediaries to undertake detailed market survey. Identify areas of concern and pockets to maximize business opportunity

- Anticipate risks due to change in business, real estate environment and take corrective and preventive actions.

- Maintain TAT standards of the Legal evaluation process and maintain efficient MIS to monitor the same

- Monitor handling of fraud cases on the legal front and facilitating reporting and closure as per the action decided in coordination with the vigilance team.

- Communicating various frauds in real estate markets to the retail asset team to increase the awareness on collateral related due-diligence required to prevent fraud

- Helping FCU team to prepare a framework for detection of property frauds

- Monitoring adherence to the legal and collateral policy and process on the ground and suggest and implement regular improvements in the same

- Cross audit of legal evaluations Conducting spot checks at various locations, and suggest region specific amendments to support business and mitigate risk. Undertake periodic audit of branches to ensure process compliance and control effectiveness

- Support litigation team ; Preparing standard notice formats, setting process for recall of loans, filing of suits, periodic update on status of arbitration proceedings.

- Resolution of customer complaints/claims from third party regarding any legal dispute on collateral, loan agreements and other legal documents executed for lending retail loans

- Design legal workflows for housing loans and Vetting APF of builder projects for financing retail HL