State Legal Manager Secured & Unsecured Lending Business
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Grade
:
MM4
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Employment Type
:
All Employment Type
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Reporting to
Designation & Grade
:
National Legal Lead Secured & Unsecured Lending Business
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No. of Reportees
Designation & Grade
:
7
Main Tasks & Areas of Responsibility
:
Drafting and vetting of transaction documents
- Finalizing the documents in connection with the acquisition of financial assets by ARC from other banks /financial institutions.
- Devising all the documents for issuance for security receipts by ARC to qualified institutional buyers.
- Overseeing all documents process and compliance for additional investments into the ARC (e.g. additional equity or NCDs) and all agreements the ARC is a party too
- To oversee external counsel/subject matter experts in connection with documentation
Set up and administer efficient systems and processes towards legal risk management
- To anticipate and guard against legal and regulatory risks facing ARCs business
- To set up implement and periodically update Legal SOP comprising of standard procedure for administering/ managing legal functions involving corporate legal issues dispute resolution due diligence DMS empanelment etc.
- To efficiently manage/ support other legal process initiatives including security release/ replacement MIS DMS empanelment etc.
- To keep informed of industry-specific regulations to ensure that appropriate risk management strategies are in place
- To analyze legal and regulatory issues for their impact on specific investments investment strategies and relevant regulatory implications
Dispute Resolution
- To set-up efficient dispute resolution strategy.
- Handling SARFAESI/ IBC and other legal matters before legal fora and with with external counsel.
- To closely co-ordinate with lawyers on various forms of dispute resolution
- To efficiently manage litigation data and documents including details of orders awards claims counter-claims litigation etc.
General Support
- To provide support towards drafting and vetting of non-lending contracts e.g. service provider agreement non-disclosure agreements I.T Contracts H.R Contracts etc.
- To provide opinion/ advise on any day to day/ legal issue.
To focus on skill enhancement & team development
- Periodically conduct sessions/ seminars on concerned legal and regulatory subjects.
- Arrange for training of the Legal Team Compliance Team and Corporate Secretarial Team from time to time to keep the team updated with changing laws and precedents
- To share legal updates with the relevant ABC and Varde representatives on legal and regulatory issues pertaining to AB ARC business.
Compliance
- To develop and maintain strong knowledge of laws regulations and industry best practices for ARCs stressed and distressed asset acquisitions and restructurings.
- To monitor and report on developments in compliance and regulatory arena.
- To oversee the planning and execution of compliance programs including monitoring testing identifying opportunities for improvement and communicating value added recommendations
- To be responsible for ensuring compliance with applicable laws and regulations regulatory and compliance filing activities detecting any compliance issues and executing correction actions to correct compliance issues.
- Oversee regulatory examinations inquiries and other data requests.
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Skills and Exposure
:
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Special Requirements (If any)
:
Must have experience in Secured lending / unsecured lending business
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Job Location / State
:
Any where in India
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Compensation Band
:
As per policy
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Entitlements
:
As per policy
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Stake Holders
:
Should be able to manage multiple stakeholders and collaborate with business heads