Legal Manager - Loan Against Property

Legal Manager (LAP) Reports to CXO

- Preparing legal guidelines w.r.t. properties of the assigned region basis the location/transaction specific by laws and regulations.

- To facilitate the provision of legal support and necessary legal advice required by various functions in connection with the lending by the Company to the Borrowers or any other related legal matters.

- Advising the cross-functional teams for various legal issues, stamping, registration requirements etc for various types of transactions.

- Drafting of various forms/letters/affidavits/undertakings etc as may be required by the internal departments.

- Review and Legal inputs for various policies, processes, products, and loan documentation.

- Management of the vendors involved in the legal evaluation process, ensuring their quality and SLA standards are being maintained

- Keeping Market intelligence on the Real estate and sharing the knowledge series update with various teams and functions on various amendments / refresher about various laws related to the properties, mortgage etc.

- Keep updated with the market bring about changes in legal evaluation policy and maintain competitiveness

- Anticipate risks due to business change, and the real estate environment and take corrective and preventive actions.

- Maintain TAT standards of the Legal evaluation process and maintain efficient MIS to monitor the same

- Monitor handling of fraud cases on the legal front and facilitating reporting and closure as per the action decided in coordination with the vigilance team.

- Communicating various frauds in real estate markets to the retail asset team to increase the awareness of the collateral-related due diligence required to prevent fraud.

- Helping the FCU team to prepare a framework for the detection of property fraud.

- Monitoring adherence to the legal and collateral policy and process on the ground and suggesting and implementing regular improvements in the same.

- Cross audit of legal evaluations Conducting spot checks at various locations, and suggesting region-specific amendments to support business and mitigate risk.

- Undertake periodic audits of branches to ensure process compliance and control effectiveness.

- Support litigation team Preparing standard notice formats, setting process for recall of loans, filing of suits, and a periodic update on the status of arbitration proceedings.

- Resolution of customer complaints/claims from third parties regarding any legal dispute on collateral, loan agreements and other legal documents executed for lending.