Area Manager - Legal - BFSI

1. ORGANISATIONAL CONTEXT

Job Title: Area Manager - Legal (Recovery) (South/North/East/West)

2. JOB SUMMARY

1) Proactively engage in reduction of NPA, lessening litigation and enhancing recovery.

2) Advise the RLM, about changes in recovery laws in the concerned area of operation of the resource.

3) Liaise with Courts, Commercial Courts, Arbitration Tribunals, DRTs, Legal Services Authorities, panel Advocates, empanelled Recovery Agents, Consumer Fora etc. and ensure their good relationship with the Bank.

4) Device suitable strategy on case to case basis, for bringing the litigations to a logical conclusion.

5) Prepare, maintain and periodically update MIS pertaining to litigation portfolio of the concerned Region(s) and area of operation, and apprise the Corporate Legal Department the progress.

6) Apprise the Regional Manager about the progress in recovery through litigation and management of litigation portfolio of the organization.

7) Maintain the list of litigations, monitor the progress effectively and advise the panel Advocates/stakeholders regarding further steps to be taken in each matter on the immediate next hearing dates.

8) Ensure prompt handling of cases by panel Advocates.

9) Managing on-boarding of Advocates in the panel of Advocates for the Region, monitor performance of the panel Advocates and advise the Regional Manager promptly the instances of non-adherence terms and conditions of empanelment by the Advocates.

10) Assist the Region in lodging FIR/complaints before various authorities and give legal support in fraud related matters and instances of staff assault.

11) Monitoring, tracking and updating periodically and maintaining MIS and records related to Notices issued on the Bank by Statutory Authorities, Regulatory Authorities, Customers and Third Parties.

12) Drafting Legal Notice/Recall Notice, Notice under Section 138 of Negotiable Instruments Act, Reply Notices/Rejoinders, Versions/Objections etc.

13) Monitoring all cases filed against the Bank and cases filed by the Bank, including cases filed under section 138 of Negotiable Instruments Act and criminal cases.

14) Obtaining copies of Judgments in a timely manner, after disposal of the case, and advise ensure filing Appeals/Revision/Review, wherever required. Also ensuring timely execution of all Decrees.

15) Coordinate with Credit Collections Team in managing collections and recovery through legal means.

16) Support Vigilance department in resolving criminal cases filed by the Bank.

17) Invoking the provisions under SARFAESI Act in time, including taking possession (symbolic/physical) and sale of the secured assets.

18) 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.

19) Assist the business/Credit in registering Mortgages wherever necessary.

20) Vetting of Title Scrutiny Reports (TSR) submitted by panel Advocates to confirm that the TSR satisfies the business requirements of the Bank.