To build an ecosystem that would assess/ recommend/ decision the viability of credit lending proposals based on institutionalized processes and agile market information
- The role needs to mitigate the title risk in retail loan proposals/facilitate the approving authority to take decision on the proposal.
- To be responsible for ensuring the legal assessment, approval and recommendation of all retail/ prime/affordable/CF proposals.
- Reviewing of PDD/ escrow, maintaining MIS and monitoring of exceptions.
- Formulation of product/policy/procedures by interacting with internal/external stakeholders in the field of legal due diligence during the entire life-cycle of loan portfolio.
- Guiding the business/credit/risk team on the referrals/ escalations on a day-to-day basis.
- Providing guidance on the exceptional events, conflict management, strategic decision on the Company’s approach on given situations.
- Preparation/maintenance of legal/collateral acceptance policy & procedures.
- To be responsible for APF legal vetting, CF proposal legal vetting,
drafting of covenants specific to transaction/s, upkeeping of Retail legal agreements, procedures & drafts.
- Drafting of Legal documentation and releasing EVs for execution within shortest TAT and driving entire LDD process with external empanelled lawyers.
- To develop formats and norms for approval, ensure their ratification within the team and from approval authorities in the system and institutionalize the prescribed process
- To engage with various business units (credit, operations, collections, sales, Channel partners, DSAs and other distributors) for optimizing the business opportunities and imparting required trainings.
- To suggest measures for ensuring workability of the loan proposals to the RMs, keeping risk in check like suggesting risk mitigation for the identified risks.
- To draft or vet and negotiate, with precision and as per applicable laws, regulations and judgments, contracts , undertakings or docu