Legal Manager_Mumbai

Aditya Birla Capital; Maharashtra; On-site; INR 1,500,000 - 2,500,000; Full time

Job summary

Aditya Birla Capital Ltd. in Mumbai seeks a Legal Manager / Junior Counsel to lead secured litigations, review agreements and ensure regulatory compliance. You will guide the team and oversee end‑to‑end SARFAESI actions, coordinating with external advocates and updating MIS for senior management.

You will also draft and vet legal notices, protect corporate interests, and ensure timely MIS reporting across collections and legal functions within the Risk & Legal & Collections domain.

Qualifications

• A good command over drafting and compliance documents.
• Good working knowledge on laws relating to banking, SARFAESI, Arbitration, IBC, Negotiable instruments, contract act, etc.
• Good Drafting Skills.
• Good team & stakeholder management skill

Responsibilities

• To manage Secured Litigations by and against the company including end to end SARFAESI proceedings, guide the team, manage stakeholders and overlook MIS, Co-ordination with Advocates, visiting Court on every day hearing and updating the same in MIS for publication.
• Drafting and vetting notices, replies, written statements, rejoinders, etc relating to litigations initiated by or against the Company.
• Monitor MIS related to SARFAESI, DRT, physical stock, and auction processes; update and maintain proper documentation.
• Liaise with external advocates/law firms and statutory authorities as needed; ensure regulatory compliance.

Skills

Drafting & Compliance

Banking laws

SARFAESI

Arbitration

IBC

Negotiable instruments

Contract act

Team management

Job description

Business

Financial Services

Unit

Aditya Birla Capital Ltd.

Location

Mumbai

Poornata Position Title of the job

Legal Manager / Junior Counsel

Function

Risk Management & Compliance

Department

Risk & Legal & Collections

To manage Secured Litigations by and against the company including end to end SARFAESI proceedings, guide the team, manage stakeholders and overlook MIS, Co-ordination with Advocates, visiting Court on every day hearing and updating the same in MIS for publication.

• A good command over drafting and compliance documents.
• Good working knowledge on laws relating to banking, SARFAESI, Arbitration, IBC, Negotiable instruments, contract act, etc.
• Good Drafting Skills
• Good team & stake holder management skill

Organization Context

Aditya Birla Finance Limited ("ABFL") is a lending subsidiary of Aditya Birla Capital Limited. ABFL is registered with RBI as a Systematically Important Non-Deposit accepting Non-Banking Finance Company (NBFC). ABFL is one of the top private diversified NBFCs in India. ABFL is one of the top private diversified NBFCs in India operating with several hundred of branches across India.

ABFL offers end-to-end lending solutions to a diverse set of customers - Retail, HNI, MSMEs, and Mid & Large Corporates through secured as well as unsecured loan products. The diverse range of lending products includes Retail Small Ticket Secured and Unsecured Loans, Unsecured Personal Loans, Unsecured Business Loans, Health & Education Loans, Digital B2B2C and B2B2B Small Ticket Loans, Small Business Secured Loans, Loans Against Property (LAP), Lease Rental Discounting (LRD), Construction Finance (to Real Estate Developers), SME Loans, Capital Markets Loans (Loan Against Shares), Supply Chain Finance, Mid and Large Corporate Loans, and Infrastructure Finance loans. ABFL also has a Wealth Management division.

ABFL is rated "AAA" by India Ratings, ICRA and CARE (reaffirmed in 2020). ABFL secured the ABG Business Excellence Award in 2017 (Silver), and 2015 (Bronze), and multiple other Awards on forums like CII

Business Context

The Risk and Compliance function is engaged in evaluating the creditworthiness of the loan applications for CMG, CFG, SME and Mortgage lending divisions considering the quantitative & qualitative factors like ownership, size & market presence of the client business, capital adequacy, collateral quality, earnings quality, liquidity, management quality & client credibility & adherence to statutory requirements.

The Risk & Compliance is engaged in formulating credit risk policies for all ABFL businesses, carries out risk assessment of credit proposals, obtains credit decisions from Credit Committees, monitors credit exposure and carries out recovery of over dues. It formulates risk policies in association with Central Risk, ABFSG for overall risk management in ABFL.

Credit / Loan proposals prepared by Business Credit team are critically analyzed from credit risk perspective and the proposals along with Risk Assessment Sheet are put up to Credit Committee for approval. While carrying out critical evaluation of the credit proposal the function also carries out evaluation of the risk mitigants in the credit proposal like the nature and the quality of the collateral, adequacy of the collateral, acceptability of the collateral given the regulatory and the compliance needs.

The Risk & Compliance function carries out monitoring of client wise exposure and portfolio exposure to identify ‘early warning signals’ of stress and to minimize NPAs. Currently monitoring is done in association with Business Teams as RMG does not have presence at Branch level. It carries out over due loan recovery from defaulting clients in coordination with Business Teams.

Job Context

The Legal department would validate the regulatory & compliance requirements for the new business initiatives and product launches, conclude the litigations raised by or against the company, establish a sound corporate governance framework, execute legal agreements and provide transactional support in the investment processes.

Within Legal department, Litigation team would need to support collections team in initiating appropriate legal actions in the delinquent account in order to create avenues of early resolution and to do the things incidental to utilization of such nuances.

Challenges

• Keeping abreast of the latest legal/statutory amendments, knowledge about various legal documents & liaising with multiple regulators
• Strong negotiation and arbitration skills, knowledge of agreement formulation & statutory regulations
• Detailed & process orientation & strong network.
• Management of collections litigation for taking it to logical conclusion.

Goal Name: To initiate/monitor/track effective legal actions under SARFAESI in STSL and MLAP initiated in delinquent accounts by the Company in terms of loan/investment agreements which includes end to end SARFAESI proceedings including non-vital documents retrieval from BPM portal.

Description: Effectively initiated and execution of pending legal actions on behalf of the Company in delinquent accounts, in terms of loan/investment agreements so as to recover legal dues of the Company. The legal actions primarily included initiation of SARFAESI Proceedings ,section 138 NI Act and section 25 PASA Act for STSL and MLAP

Target: 40

Goal Name: To Draft and Vet Legal Notices, replies, Written Statements, rejoinders, etc relating to different litigations initiated by or against the Company such DRT and HC and such other court and Tribunal whereever required

Description: Drafting and Vetting of notices, reply to notices, plaints, WS, replies relating to Securatisation Application , Recovery Cases, Consumer Cases, Criminal Cases initiated by or against the Company and attempt to arrive at a logical conclusion thereof.

Target: 25

Goal Name: To update, monitor and overview SARFAESI MIS/DRT MIS/ PHYSICAL STOCK MIS and AUCTION MISof relating to STSL and MLAP and such other related litigations/Legal Proceedings.

Description: Effectively updating and overviewing of SARFAESI MIS and DRT MIS, PHYSICAL STOCK MIS and AUCTION MIS and making necessary updation and follow up wherever required.

Target: 15

Goal Name: To update Provakil/Credit Nirvana Software/ Share Folders on a timely manner and maintaining proper physical files for all active litigations.

Description: Effectively updating the Provakil Software Credit Nirvana/Soft Folder on a timely manner by uploading all relevant documents pertaining to all legal cases handled by me and maintaining proper physical files for all active litigations.

Target: 10

Goal Name: To do Legal Research on new Regulations and Case Laws affecting the Company and any current legal actions undertaken by it.

Description: Effectively conducting thorough legal research on new regulations, laws and case laws affecting current affairs and legal actions of the Company thereby helping the concerned to keep pace with changing legal scenario.

Target: 10

Relationships: Describe the nature and purpose of most important contacts or relationship (except superior/team members) with individuals, departments, organizations inside and outside of the organization, that job is required to interact with in order to deliver the job objectives

Relationship Type

Frequency

Nature

Internal

Head – Litigation

Departments and collections managers

Daily

Need based

MIS, coordination for litigations & documentation

Legal assistance for cases filed by or against the department

External

External advocates/law firms

Statutory Authorities

Need based

Periodic

Assistance in case preparations, liaising for their remuneration

Audit coordination

SIGN-OFF: Provide the name of the Manager and the jobholder. Signature needed for the hard copy of the JD. Hard copy to be maintained in the organizational record.

Job Holder

Reports to (Manager)

Date of Entry / Approval