Legal Manager

Sayyaminvestments; Bengaluru; On-site; INR 1,000,000 - 1,500,000; Full time

Job summary

Sayyaminvestments in Bengaluru is seeking a qualified legal professional for their NBFC compliance functions. The role requires expertise in RBI regulations and legal documentation. Candidates should have a strong background in litigation management and experience in regulatory compliance.

The ideal applicant will hold a Bachelor’s Degree in Law and possess over 5 years of relevant experience in the financial services sector. Responsibilities include drafting legal documents, managing litigation, and ensuring compliance with regulatory standards.

Qualifications

• 5+ years of post-qualification experience.
• Minimum 2 years in NBFC / Banking / Financial Services sector.
• Experience in handling lending documentation preferred.

Responsibilities

• Ensure compliance with RBI Master Directions applicable to NBFCs.
• Track and implement regulatory updates, circulars, and notifications.
• Assist in handling RBI inspections and regulatory correspondence.
• Support implementation of Fair Practices Code and customer protection guidelines.
• Draft and review loan agreements, sanctions, and warranties.

Skills

RBI regulations

Legal documentation

Litigation handling

Drafting skills

Stakeholder management

Education

Bachelor’s Degree in Law (LLB)

Job description

About the Role

Looking for candidates with experience in NBFC legal and compliance functions. Should have knowledge of RBI regulations, legal documentation, and litigation handling. Experience in recovery matters, vendor agreements, and regulatory compliance is preferred. Strong drafting and stakeholder management skills are required.

Key Responsibilities

• Ensure compliance with RBI Master Directions applicable to NBFCs
• Track and implement regulatory updates, circulars, and notifications
• Assist in handling RBI inspections, regulatory correspondence, and supervisory observations
• Support implementation of Fair Practices Code and customer protection guidelines
• Draft, review, and update loan agreements, sanction letters, KFS, hypothecation agreements, guarantees, and related documents
• Provide legal advisory on product structuring, new loan offerings, and credit policies
• Vet customer communication templates such as demand notices and recall notices
• Manage litigation portfolio including civil suits, arbitration, consumer disputes, cheque bounce matters, and recovery proceedings
• Coordinate with litigation firms and monitor case progress
• Provide strategic legal inputs on high-value default cases
• Ensure compliance with recovery and collection-related regulatory guidelines
• Draft and review vendor agreements, outsourcing contracts, NDAs, service agreements, and technology contracts
• Ensure alignment with RBI Outsourcing Guidelines and data protection requirements
• Conduct legal due diligence of service providers
• Advise on indemnity, liability, confidentiality, and dispute resolution clauses
• Ensure compliance with applicable data protection laws, including the Digital Personal Data Protection Act
• Advise on lawful handling of customer data, especially in outsourced operations
• Identify legal risks and recommend mitigation measures
• Support Board and Committee matters relating to legal issues
• Assist in drafting and reviewing internal policies
• Coordinate with Compliance and Secretarial teams for statutory matters

Qualifications

• Bachelor’s Degree in Law (LLB) – Mandatory

Experience

• 5 years or more of post-qualification experience
• Minimum 2 years in NBFC / Banking / Financial Services sector
• Experience in handling lending documentation preferred