State Legal Manager - Secured & Unsecured Lending

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  Job Specification

1

Company Name

:

Muthoot Fincorp Limited

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Position / Designation

:

    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

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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

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Should be able to manage multiple stakeholders and collaborate with business heads

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Career Progression

:

B

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Educational Qualification / Technical Certification

:

LLB in Any Specialization

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Skill Sets

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Experience in SULB business

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Communication Skills

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Good oral, written and presentation skills

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Experience

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 4+years of overall experience 

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Behavioral Competencies

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Uncompromising ethical standards and discipline expected

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Other Requirements (If any)

:

-