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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