Cluster Manager - Legal

Multiple locations





Department
WEST LEGAL DEPARTMENT

Job posted on
May 03, 2024

Employee Type
Permanent

Experience range (Years)
3 years - 7 years


I. KEY DUTIES & RESPONSIBILITIES OF THE ROLE Business: 1. Monitoring and effectively support the Regional Legal Team in regard to collections and deploy legal tools for the same. 2. Suggesting measures for enhancement of recovery and reduction of NPA for the Region. 3. Taking proactive measures in all litigation matters, to ensure earliest closure as also to bring the opponents for negotiating table. Monitoring timey filing of S. 14 Application, Complaints under S. 138 NI Act and recovery applications ad Suits before appropriate authorities, Tribunal and Court of Law.
Customer: 1. Assist the respective regional legal teams in end to end management of collection and related litigation. 2. Communicate/interact with Regulators, Statutory Authorities, District Magistrates, First Class magistrates, consumer courts, Law enforcement Agencies, for resolution of legal issues/ensuring compliance. 3. Assist and co-ordinate with Collections team at regional/ cluster level in executing tasks under SARFAESI, S. 138 NI Act and other miscellaneous litigation. 4. Co-ordinate with the Advocates and Enforcement Agencies in extending support to Authorised Officers/ Signatories under SARFAESI, NI Act and other relevant provisions of law.
Internal Process: 1. Adhere to timelines in obtaining maintaining TAT, maintenance/reporting of MIS, submission of periodical Statements to Regional/Corporate Legal Department. 2. Monitor the timelines of submission of reports/statements, if any, to Government Authorities and Regulators in a timely manner. 3. Educate the stakeholders on legal aspects. 4. Support the secured lending departments in resolving NPA Accounts through measures taken/ to be taken under the provisions of SARFAESI Act (including managing Enforcement Agencies) and assist the Verticals in other recovery methods. 5. Co-ordinate with Collections and other verticals for possession and taking Legal action. Preparation of MIS and weekly sharing it with the relevant stakeholders in the region and Corporate.
Learning & Performance: 1. Maintain a database on Applicable laws pertaining to the area of operation, comprising FAQs, dos & don\xe2\x80\x99ts as a ready reference. 2. Conduct training on relevant laws/acts to stakeholders on a periodic basis. 3. Keeping a track on the latest laws affecting litigation and recovery including SARFAESI (and the relevant decisions) affecting business verticals and proactively advise the business teams about such amendments and its implication. 4. Ensure goal-setting, midyear review and annual appraisal process for self within the specified timelines. Actively coordinate with respective stake holders in case of any big misses/lapses.