1 Company Name : Muthoot Fincorp Limited
2 Position / Designation : State Legal Manager – Secured & Unsecured Lending Business
3 Grade : MM4
4 Employment Type : All Employment Type
5 Reporting to – Designation & Grade : National Legal Lead – Secured & Unsecured Lending Business
6 No. of Reportees, Designation & Grade : 7 Main Tasks & Areas of Responsibility :
- Drafting and vetting of transaction documents
- Finalizing the documents in connection with the acquisition of financial assets by ARC from other banks /financial institutions.
- Devising all the documents for issuance for security receipts by ARC to qualified institutional buyers.
- Overseeing all documents, process and compliance for additional investments into the ARC (e.g., additional equity or NCDs) and all agreements the ARC is a party too
- To oversee external counsel/subject matter experts in connection with documentation
- Set up and administer efficient systems and processes towards legal risk management
- To anticipate and guard against legal and regulatory risks facing ARCs business
- To set up, implement and periodically update Legal SOP comprising of standard procedure for administering/ managing legal functions involving corporate legal issues, dispute resolution, due diligence, DMS, empanelment etc.
- To efficiently manage/ support other legal process initiatives including security release/ replacement, MIS, DMS, empanelment etc.
- To keep informed of industry-specific regulations to ensure that appropriate risk management strategies are in place
- To analyze legal and regulatory issues for their impact on specific investments, investment strategies and relevant regulatory implications
- Dispute Resolution To set-up efficient dispute resolution strategy.
- Handling SARFAESI/ IBC and other legal matters before legal fora and with with external counsel.
- To closely co-ordinate with lawyers on various forms of dispute resolution
- To efficiently manage litigation data and documents including details of orders, awards, claims, counter-claims, litigation etc.
- General Support To provide support towards drafting and vetting of non-lending contracts, e.g., service provider agreement, non-disclosure agreements, I.T Contracts, H.R Contracts etc.
- To provide opinion/ advise on any day to day/ legal issue.
- To focus on skill enhancement & team development Periodically conduct sessions/ seminars on concerned legal and regulatory subjects.
- Arrange for training of the Legal Team, Compliance Team and Corporate Secretarial Team from time to time to keep the team updated with changing laws and precedents
- To share legal updates with the relevant ABC and Varde representatives on legal and regulatory issues pertaining to AB ARC business.
- Compliance To develop and maintain strong knowledge of laws, regulations and industry best practices for ARCs, stressed and distressed asset acquisitions and restructurings.
- To monitor and report on developments in compliance and regulatory arena.
- To oversee the planning and execution of compliance programs, including monitoring, testing, identifying opportunities for improvement and communicating value added recommendations
- To be responsible for ensuring compliance with applicable laws and regulations, regulatory and compliance filing activities, detecting any compliance issues and executing correction actions to correct compliance issues.
- Oversee regulatory examinations, inquiries and other data requests.
9 Special Requirements (If any)
Must have experience in Secured lending / unsecured lending business
10 Job Location / State
Any where in India
11 Compensation Band
As per policy
12 Entitlements
As per policy
13 Stake Holders
Should be able to manage multiple stakeholders and collaborate with business heads
14 Career Progression
B
15 Educational Qualification / Technical Certification
LLB in Any Specialization
16 Skill Sets
Experience in SULB business
17 Communication Skills
Good oral, written and presentation skills
18 Experience
4+years of overall experience
19 Behavioral Competencies
Uncompromising ethical standards and discipline expected
20 Other Requirements (If any)
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