Job Description

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RPMG: Circle Manager - Legal
INTERNAL USAGE:
No. of Vacancies: Reports to: VP/SVP I
Is a Team leader? Y/N Team Size:
Grade: AVP/VP
Business: Retail Banking Department: RPMG Sub-Department: Legal
Location:
About Retail Portfolio Management Group
The RPMG department focuses on the lending business of the bank by offering various loan products like home loans, car loans, and personal loans among others. They also offer working capital loans and business loans for small businesses and is also responsible for receivables/collections business of the bank.
About the Role
The Circle Manager handles multiple portfolios for loans. The Circle Manager ensures NPA resolution and recoveries through Legal tools in delinquent buckets adhering to defined processes while using the appropriate legal tools at each level of legal action. The Regional Legal Manager also ensures compliance with the audit procedures of the bank.
Key Responsibilities

• Ensure appropriate legal initiation basis Product-wise cut-offs for eligible legal data.
• Timely and appropriate legal initiation with respect to limitation Act.
• Documentation & storage of files for legal action cases.
• Timely updation of Gen-X Legal data.
• Timely reconciliation and data cleanup with respect to resolution, Upgradation, & Settlements.
• Withdrawal of Legal action and retrieval of files for future reference.
• Lawyer Empanelment, Payment of Court fees and Professional fees
• Legal Process/ MIS circulation and co-ordination.
• Ensure filing of Appeal or exit from Legal case as required.
• Liaison with various team like operations, Collections, empaneled agencies (internal or external) to ensure results.
• Ensure contingency plan for all legal related activities
• Ensure achievement of the monthly resolution targets
• Ensure that all empanelled agencies are fully compliant with RBI guidelines and bank's collections policy
• Ensure adherence to the set process and audit requirements in place.
• Ensure adequate training on the SOPs of the bank, processes and various policies of the bank

Qualifications

• Law Graduate from a recognized institute

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

• Knowledge and understanding of prevailing Laws and market dynamics.
• Knowledge of regulatory guidelines and norms
• Good communication (both verbal and written) skill in both English and the local language
• Ability to manage complex Legal suits.
• Ability to manage risk and uncertainty for self and team within a dynamic priority-setting environment
• Ability to handle pressure and meet deadlines.

Skills:
Refer to the
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