One of the reputed Banks is looking to hire a Principal Legal Counsel - Litigation with 10-15 years of experience for their Bangalore office
Responsibilites
- Review of Policies of Bank relating to litigation and submission before the appropriate committee for renewal. Drafting and vetting of Notices, Objections, Responses to be issued in the cases.
- Proactively engage in reduction of NPA, lessening litigation and enhancing recovery.
- Advise the Regions about changes in recovery laws in the concerned area of operation of the resource in consultation with corporate Manager Legal Litigation & Head of Legal.
- Liaise with AML, ALM & RLM on the legal actionable.
- Coordinate with AML, RLM & RLM and device suitable strategy on case to case basis, for bringing the litigations (filed by the Bank as well as filed against the Bank) to a logical conclusion.
- Maintain the list of litigations, monitor the progress effectively and advise the Regions regarding further steps to be taken in each matter on the immediate next hearing dates.
- Review the Litigation MIS and follow up with regions for updating the details.
- Ensure prompt handling of cases by panel Advocates through Regions.
- Review the Trackers on Empanelment of Advocates and also in monitoring performance of the panel Advocates.
- Review the performance of Legal vendors, tracking and renewal of service agreements of such vendors.
- Monitoring and maintaining trackers of Advocate and vendor bills and submission of the same to finance for clearance.
- Monitoring the NPA cases and taking steps for filing the alternative recovery measures
- Assisting the regional legal teams in timely invoking the measures under SARFAESI Act, such has tracking of issuance and service of 13-2 notice,tracking of action under section 13(4), Section -14, including taking possession (symbolic/physical) and sale of the secured assets.
Didn’t find the job appropriate? Report this Job
Download the iimjobs app to
apply for jobs anywhere, anytime
Download on
App Store
Get it on
Google Play
Scan to Download