Area Manager-Legal (Mortgages)

Job Title

Department

Location

Type of Position

Reports To

Role Purpose Objective

• Drafting/vetting/review of all kinds of credit documentation for MSE and Housing, including security documents and all transaction documents for various kinds of fund based and non-fund based as well as secured and unsecured facilities.
• To represent bank before SRO while registration and cancellation of mortgage documents.
• Vetting of Title Scrutiny Reports (TSR) submitted by panel Advocates to confirm that the TSR satisfies the business requirements of the Bank.
• Assist the business/Credit in registering Mortgages wherever necessary.
• Managing legal issues pertaining to creation/registration of Mortgages, Hypothecation, Pledge etc.
• To prepare and vet underwriting documents for loan creation and security perfection.
• To empanel requisite number of panel advocates and ensure prompt handling of cases by panel Advocates.
• Liaise with Courts, Commercial Courts, Arbitration Tribunals, DRTs, Legal Services Authorities, panel Advocates, empaneled Recovery Agents, Consumer Fora etc. and ensure their good relationship with the Bank
• Track changes relating to Stamp duty payable for the different states in the Region and update the stake holders
• Track changes in State specific Laws relating to the Region and update the stake holders.
• Monitor and track cases filed against bank until closure.
• Furnish advisory to Branch Banking, Service Quality, Admin, Vigilance, HR and other departments.
• Drafting and vetting of Police complaints, reverts to notices received from Statutory Authorities, replies to be filed in Court of Law, Banking Ombudsman, etc.,
• To maintain Notice tracker and report them periodically.
• To conduct Legal Audit for eligible Accounts and report to the concerned stake Holders.
• To represent on behalf of bank before Court of Law, Statutory Authorities, etc.,
• To handle any specific issues specially assigned by the Regional Legal Manager.

Key Duties and Responsibilities of the Role

Business

• To ensure proper execution of loan and security documents at the time of lending by the business and credit teams.
• To ensure legal reports are furnished on time by external counsels.
• To co-ordinate with HUB officials and cluster managers on a regular basis.
• Taking proactive measures in all litigation matters, to ensure earliest closure as also to bring the opponents for negotiating table.

Customer

• Assist the respective regional legal teams in end to end management of advisory on lending related security creation and documentation as well as collection and other litigation.
• Communicate/interact with Regulators, Statutory Authorities, District Magistrates, First Class magistrates, consumer courts, Law enforcement Agencies, for resolution of legal issues/ensuring compliance.
• Support the secured lending departments during loan documentation and security creation.
• Co-ordinate with the Advocates and Enforcement Agencies in extending support to Authorised Officers/ Signatories under various provisions of law.