Associate, Legal Manager, Risk Management Group

Experience: 7 to 10 years

Location: Regional Office Chennai

Skills: Vendor management, Advisory, Risk and compliance, Fraud prevention

Job Description
Job Description / Requirements
Key responsibilities
• Vendor management
• Assess and appoint new legal vendors as per bank policy
• Renew existing legal vendors basis internal review on performance
• Track blacklisted legal firms to ensure that the partners / individuals are not engaged with DBS without explicit approval from DBS Internal legal team.
• Maintain MIS for total of empaneled vendors and track dormant vendors, if any; further steps like de-empanelling to be done in suitable cases of dormant vendors.
• Track changes in vendor firm composition and initiate necessary actions.
• Feedback to vendors regarding end to end TAT management from legal verification initiation to final signed legal report submission.
• Invoice processing of legal vendors within agreed time lines.
• Documentation
• Check and update existing ultimate borrower documentation for various mortgage products
• Circulate standard document set to business team and to procurement team for printing
• Drafting and circulating appendix or addendum in cases of regulatory requirements till existing document sets are updated
• Hindsight function
• Title search and ownership verification on sample basis for each branch, basis legal vendor reports on below parameters




• Clear and marketable title for ultimate borrower(s)
• SARFAESI applicability
• Continuity of title for minimum specified number of years
• Other parameters specified for particular location
• Advisory function
• Business teams on case specific issues basis remarks from external legal vendors
• Product team on current products to be launched
• Credit team on deviations in legal reports
• Customer service teams on legal notices received from customers
• Risk and compliance – identify, assess and mitigate legal risks; ensure adherence to location specific regulatory requirements
• Collections
• Advise collections team to initiate legal proceedings on defaulting customers within timelines – Sec 138 / SARFAESI / Arbitration
• Co-ordinate with local external legal vendors on NDOA(Next Date of Action) for each case and maintain case with summary at central level for monthly review
• Draft necessary intimation letters for completion of process of property repossession, auction and final disposal of property
• Fraud prevention
• Enhance process to identify potential fraud cases at legal document verification stage
• Advise business and collections teams on next steps in case of identification of fraud
Qualifications
• Law degree or equivalent certifications
• 7 to 10 years experience in similar role in bank or NBFC
Other requirements
• Willingness to travel
Job: Risk Management.
Schedule: Regular Employee Status: Full time

📌 Associate, Legal Manager, Risk Management Group (Chennai)
🏢 DBS Bank
📍 Chennai