Legal Mgr-Collections

• Job Title:
• Legal Manager - Collections
• Job Details:

Business Unit: Collections

Team: RPM- Legal

Reports to: Area Legal Manager

Location: Within the state

Job Function: Legal

Role Type: Individual Contributor

Direct Reportees: Nil

Travel Required: Moderate

Job Band Range: E1 – E4

JD Created/Updated Date: 14.02.2019

• Job Purpose:
• Safeguard organizational interests through legal means.
• Provide legal assistance to the collection department for debt recovery from delinquent customers.
• Represent the bank in all legal matters with Power of Attorney (POA).
• Job Responsibilities:

Litigation Management:

• Timely filing of legal cases as per policy.
• Ensure presence in all court matters and zero dismissal of cases for default.
• Issue statutory and reply notices within Turnaround Time (TAT).

Data Management:

• Update legal case status in the legal module.
• Maintain accurate MIS and reports on activities (stage and date wise).
• Capture recovery, cost, and share data by the 10th of each month in the prescribed format/legal module.

Risk Management:

• Effectively and timely manage cases filed against the bank and staff in judiciary, quasi-judiciary, and law enforcement agencies.
• Coordinate with internal staff for necessary information for court proceedings.
• Defend matters suitably in courts, ensuring appropriate addressing and keeping the function updated on developments to reduce risk exposure.

Vendor Management:

• Review cases handled with legal vendors monthly.
• Update on developments and ensure bills for services rendered are raised by the 10th of the immediate month with supporting documents.
• Ensure allocated cases are properly represented and matters are led appropriately.
• Educational Qualifications:
• Graduation in Law
• Key Skills:
• Banking Product & Process Knowledge
• Good Communication skills (English and Local language)
• Knowledge of Current legal/recovery trends in the financial industry
• Knowledge on recovery-related laws
• Familiarity with local court processes
• MS Word, Excel, PowerPoint proficiency
• Experience Required:
• Minimum 1-3 years of experience
• Exposure to banking/NBFCs preferable
• Major Stakeholders:
• Customers
• Collections
• Operations
• Business (retail assets)
• RIC