Job Description

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About Collections and Underwriting Department:

The Collection and Underwriting department focuses on the collection of the bank's various loan products like Home Loans, Car Loans, and Personal Loans among others. While Underwriting department focuses on risk mitigation towards the loan offered to the customers. The department is key for the Loans business vertical as it is responsible for controlling and ensuring timely EMI collection and maintaining risk of the business

About the Role:

The Legal Area Manager is responsible for supporting the legal functions required by the Collection / Recovery function of the business. They should provide complete legal support for resolution of Secured, Unsecured retail asset products (including Credit Card), SME (

Key Responsibilities:

• Ensuring timely allocation of cases for issuance of demand notices, complaint filing etc. in accordance with the defined legal and dunning strategy grid
• Review and Instruct the law firms/ lawyers for the conduct of proceedings before various Courts, Arbitral tribunal, Conciliator & Lokadalat and rigorous follow ups with various law firms & brief advocates, at different stages of litigation, to be able to drive them to perform efficiently and effectively
• Prepare plan for legal collection strategies for different types and levels of exposure accounts and design new legal processes / strategies, in order to ensure better resolution
• Responsible for managing attorney costs within the budget, identifying areas of cost reduction and drafting notices, demands and pleadings and recommending the lawyers that will be used by the Company including evaluation of their effectiveness and reporting of performance (gross returns, net returns, costs expended).
• Liaising with customers and negotiating proposals with outside agencies including statutory authorities.
• Responsible to act as an Authorized Representative (AR) of the company before various Courts, Arbitral tribunal, Conciliator & Lokadalats and ensure legal collection activities are carried out in line with the regulatory guidelines and within stipulated time limits
• Ensure maintenance of proper various Legal MIS's and records for all cases wherein legal has been initiated (at different stages of delinquency and litigation) and timely MIS reporting, as required by the Central office
• Coordination with internal and external auditors during reviews and inspections
• Resolve any customer escalations with prompt and timely response (including Complaint lodged with Banking Ombudsman, Consumer Forum etc.)

Qualifications:

Optimal qualification for success on the job is:

• LLB/ LLM from reputed university with court litigation (banking) experience

Role Proficiencies:

For successful execution of the job, the candidate should possess the following:

• Knowledge of banking products and services along with regulatory guidelines and norms
• Knowledge of Securitization (SARFAESI) Act, 2002, Sec. 138 NI Act, Civil Suit (under Order 37, CPC), Lokadalat, Conciliation and DRT
• Knowledge of good drafting skills in order to minimize escalations raised against the Bank
• Ability to negotiate with outside agencies including statutory authorities,
• Ability to manage Customer escalations with timely response (including Complaint lodged with Banking Ombudsman, Consumer Forum etc.).
• Good communication (both verbal and written) skill in both English and the local language

#ComeAsYouAre "We are dil se open. Women, LGBTQIA+ and PwD candidates of all ages are encouraged to apply"

Skills:

Excel

About Company:

Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. The Bank has a large footprint of 4,594 domestic branches (including extension counters) with 11,333 ATMs & 5,710 cash recyclers spread across the country as on 31st March, 2021. The Bank has 6 Virtual Centres and has over 1500 Virtual Relationship Managers as on 31st March 2021.The Overseas operations of the Bank are spread over eight international offices with branches at Singapore, Dubai (at DIFC) and Gift City-IBU; representative offices at Dhaka, Dubai, Abu Dhabi, Sharjah and an Overseas subsidiary at London, UK. The international offices focus on Corporate Lending, Trade Finance, Syndication, Investment Banking and Liability Businesses