• Drafting, negotiating and closure of contracts with the external clients, and help the business in execution of the same.
• Ensure provision of legal advice in framing/ review of policies, and on all documents, contracts and agreements relating to the payments/ financial services business to protect the organization against any legal exposure and to minimize liability.
• Scan the regulatory environment, identify, interpret and analyze existing and new legislations/ amendments and notifications that may impact business; bring to the notice of the appropriate internal functions about their implications and applicability as required.
• Advise and assist all stakeholders including Compliance and Business on both, ongoing legal risks and anticipated/ new legal risks arising by virtue of new laws or regulations.
Internal process
• Adhere to timelines in reviewing and vetting all official communications and documentations including all agreements.
• Follow up with internal stakeholders, including business leads, for time bound closure of agreements; provide advice in course corrections; escalate when required.
• Monitor the timelines for submission of applications pertaining to licences (current and renewals) to regulatory authorities and ensure timely escalation where required.
Learning
• Maintain a database on applicable laws comprising FAQs, dos and don’ts as a ready reference.
• Keep a track on the latest laws and notifications (including all notifications issued by the RBI), and proactively advise the management and business about such laws/ amendments and its implication on business, and accordingly suggest changes in process/ procedure.