Legal Head

Pegasus International; Mumbai; On-site; INR 3,500,000 - 5,500,000; Full time

Job summary

Pegasus International is seeking a Head of Legal to lead the bank's legal function and serve on the leadership team. You will provide strategic legal advice to senior management, oversee litigation, contracts, and regulatory compliance across MSME, SME, Inclusive Banking, personal loans, and retail liabilities segments.

The role requires 15–20 years of legal experience with at least 8 years in a leadership role within Banking/Financial Services, LLB/LLM from a reputed law school, and strong

Qualifications

• Extensive experience in banking/financial services law.
• Strong contract negotiation and risk management.
• Ability to lead and mentor the legal team.

Responsibilities

• Lead the bank's legal function and provide strategic legal advice to senior management.
• Ensure regulatory compliance with RBI and banking laws.
• Oversee litigation, contracts, and risk management.
• Liaise with regulators and manage inspections and audits.
• Foster cross-functional collaboration with business units.

Skills

Banking laws

RBI regulations

Corporate governance

Regulatory compliance

Litigation management

Contract negotiation

Stakeholder management

Strategic thinking

Education

LLB/LLM from a reputed law school

Job description

Role & responsibilities

Job Role Purpose & Objective: (Brief summary for the existence of the job role)

The Head of Legal will lead the legal function for the bank and will be a part of leadership team of the Bank.

Ensuring compliance with all applicable laws, regulations, and internal policies. This role involves providing

strategic legal advice to senior management, managing litigation, overseeing contracts, and mitigating legal

risks across all business operations. Will manage business segments such as MSME, SME, Inclusive Banking,

Personal loans, Retail liabilities and emerging new segments.

KEY DUTIES & RESPONSIBILITIES OF THE ROLE

Strategic Legal Advisory

• Act as a trusted advisor to senior leadership on legal implications of business strategies, new projects, and policies.

Legal Oversight, Audit & Risk Management

• Implement the Bank legal risk policy and identify potential legal risks with mitigation strategies.
• Conduct audits of loan files as per RBI regulations.
• Predict and proactively address potential legal issues impacting the Bank.

Regulatory Compliance

• Ensure adherence to banking laws, RBI guidelines, and other regulatory requirements.
• Liaise with regulators and manage legal aspects of inspections and audits.

Contract Management

• Draft, review, and negotiate complex agreements including loan documentation, vendor contracts to protect the Bank interests while ensuring compliance.

Litigation & Dispute Resolution

• Manage all litigation matters, including coordination with external counsel.
• Provide advisory support to other legal teams across the Bank on critical matters.
• Represent the Bank in courts, tribunals, and regulatory forums as required.

INTERNAL

• To assist the business in fostering recoveries from the legal standpoint.

Risk Management

• Identify potential legal risks and develop mitigation strategies.
• Implement compliance frameworks and conduct periodic audits.

Employee Relations, Disciplinary Action & Labour Law Advisory

• Advise on employee relations, disciplinary actions, staff accountability, labour law issues and POSH compliance.
• Conduct training sessions on POSH, labour laws, and Code of Conduct for employees.

Data Protection Implementation

• Spearhead the data protection implementation across the Bank and ensure data protection strategies comply with the DPDP Law, and other relevant data privacy regulations within the banking sector.
• Will be responsible for developing, implementing and monitoring bank data protection policies and handling data-related inquiries.

Team Leadership

• Lead and mentor the legal team, fostering a culture of excellence and integrity.
• Collaborate with cross-functional teams to support business initiatives.

MINIMUM REQUIREMENTS OF KNOWLEDGE & SKILLS

• Strong knowledge of banking laws, RBI regulations, corporate governance, regulatory compliance and litigation management.
• Excellent contract negotiation and risk management skills.

Educational Qualifications

• LLB/LLM from a reputed law school.

Total Experience

• 15-20 years of legal experience, with at least 8 years in a leadership role within Banking or Financial Services.

Certifications (If any)

• Relevant certification in the required domain good to have.

Competency & Skills Required

• Strategic thinking, stakeholder management and decision-making skills.
• Excellent communication, negotiation and analytical abilities.
• High integrity and ethical standards.
• Strong business acumen with legal foresight.
• Ability to work under pressure and manage multiple priorities.

Major Stake Holders (If any)

INTERNAL

INTERNAL (Teams/Dept) EXTERNAL (Vendors or any)

Business and Support Units