Savani Financials - Legal Manager

About Organization:

Savani Financials Limited is a medium-sized Non-Banking Financial Services Company engaged in the sole business segment of financial services. Savani Financials Ltd. holds a license from the RBI to operate as an NBFC and is listed on the stock exchange. The Company intends to commence lending operations on April 1, 2024 and is in the process of recruiting the necessary personnel. The Company places a lot of importance on developing a positive and empowering work culture and ensuring a congenial environment for its employees.

Location: Andheri, Lokhandwala

Scope of the role:

As a Legal Officer at Savani Financials Ltd, you will be responsible for ensuring compliance with statutory procedures, navigating regulatory frameworks, interpreting circulars, and ensuring adherence to applicable laws and regulations. You will play a crucial role in maintaining legal compliance and mitigating legal risks for the organization. The ideal candidate should have a strong understanding of regulatory requirements in the financial sector, including LODR (Listing Obligations and Disclosure Requirements) and ISDR (Insider Trading) Regulations, as well as the Companies Act.

Key Responsibilities :

1. Statutory Compliance:

- Ensure compliance with statutory procedures, rules, and regulations applicable to NBFCs, including RBI guidelines, SEBI regulations, and other relevant laws.

- Monitor changes in regulatory requirements and update internal policies and procedures accordingly.

- Conduct periodic compliance audits and reviews to identify and rectify any non-compliance issues.

2. Regulatory Frameworks:

- Navigate complex regulatory frameworks and interpret regulatory circulars, notifications, and guidelines issued by regulatory authorities.

- Provide guidance and support to internal teams on regulatory matters and legal implications of business activities.

3. Compliance Management:

- Develop and implement compliance programs to ensure adherence to applicable laws, regulations, and internal policies.

- Conduct training sessions for employees to raise awareness about legal and regulatory compliance requirements.

4. Documentation and Contracts:

- Draft, review, and negotiate legal documents, contracts, agreements, and MOUs related to business operations, transactions, and partnerships.

- Ensure that all contractual obligations are met and legal risks are mitigated in contractual arrangements.

5. Corporate Governance:

- Assist in maintaining corporate governance standards as per LODR Regulations, Companies Act, and other relevant corporate governance guidelines.

- Prepare and maintain legal documentation related to board meetings, resolutions, and corporate filings.

6. Legal Research and Advisory:

- Conduct legal research on various legal issues, case laws, precedents, and regulatory developments affecting the NBFC sector.

- Provide legal advice and recommendations to management and internal stakeholders on legal matters and risk management strategies.

7. Dispute Resolution and Litigation Management:

- Manage legal disputes, litigation, and legal proceedings involving the NBFC, including engaging with external legal counsel and representing the organization in legal matters.

- Work towards resolving legal disputes through negotiation, arbitration, or other alternative dispute resolution mechanisms.

Must Have's:

- Bachelor's degree in Law (LLB) from a recognized institution. Additional qualifications such as LLM or specialized courses in financial law or regulatory compliance are preferred.

- 5 to 8 years of experience in a legal role within the Law firm, financial services industry, preferably in an NBFC, bank, or financial institution.

- Strong understanding of statutory and regulatory requirements applicable to NBFCs, including RBI regulations, SEBI guidelines, Companies Act, LODR Regulations, and ISDR Regulations.

- Excellent analytical skills with the ability to interpret legal documents, regulations, and circulars.

- Good communication skills with the ability to convey complex legal concepts to non-legal stakeholders.

- Proactive approach to identifying legal risks, developing risk mitigation strategies, and ensuring legal compliance.

- Experience in contract drafting, negotiation, and legal research.

- Ability to work independently, handle multiple tasks, and prioritize workload effectively.

- Membership in Bar Council of India and relevant legal certifications are a plus.