Job Title: Zonal Legal Manager – Commercial Vehicle Loan Products
Department: Legal & Compliance
Location: Gandhidham
Reports To: Regional Legal Head / Zonal Business Head
Job Summary:
The Zonal Legal Manager will oversee legal and compliance functions related to commercial vehicle loan products across the assigned zone. This includes managing legal risk, ensuring regulatory compliance, drafting and reviewing legal documentation, and supporting recovery and litigation efforts. The role requires a proactive approach to mitigating risks, resolving disputes, and providing legal guidance to the business teams.
Key Responsibilities:
1. Legal Advisory & Compliance:
- Provide legal advice to business teams on commercial vehicle loan products, policies, and procedures.
- Ensure compliance with relevant laws, regulations, and guidelines (e.g., RBI, NBFC regulations).
- Monitor changes in the legal and regulatory landscape and update business practices accordingly.
2. Documentation & Contracts:
- Draft, review, and negotiate loan agreements, hypothecation deeds, and other transactional documents.
- Ensure standardization of legal documentation across the zone.
- Validate customer agreements and ensure compliance with internal policies and legal requirements.
3. Recovery & Litigation Management:
- Handle delinquent cases and manage pre-litigation and litigation processes for loan recovery.
- Liaise with external counsel for recovery, arbitration, and legal proceedings.
- Represent the organization in legal matters before courts, tribunals, and authorities.
- Oversee enforcement actions, such as SARFAESI and asset repossessions.
4. Risk Mitigation:
- Identify and mitigate legal risks associated with loan disbursement, recovery, and product operations.
- Conduct due diligence for high-value transactions.
5. Team Collaboration & Training:
- Partner with business and credit teams to address legal challenges effectively.
- Train business and collection teams on legal aspects of loan products, recovery methods, and regulatory updates.
6. Stakeholder Management:
- Maintain relationships with legal firms, advocates, and regulatory authorities.
- Act as a liaison between zonal business teams and the corporate legal team.
Qualifications & Skills:
Educational Qualifications:
- Bachelor’s degree in Law (LLB) is mandatory; a Master’s degree in Law (LLM) is preferred.
Experience:
- 7–10 years of legal experience, with at least 3–5 years in NBFCs, banks, or financial institutions managing commercial vehicle loan products.
- Expertise in recovery laws (SARFAESI Act, RDDBFI Act) and related litigation.
Key Skills:
- Strong knowledge of banking/financial laws and commercial lending practices.
- Excellent drafting, negotiation, and analytical skills.
- Familiarity with regulatory frameworks governing NBFCs and loan products.
- Strong interpersonal and communication skills to work effectively with cross-functional teams.
- Problem-solving mindset with attention to detail.
Key Performance Indicators (KPIs):
- Timely resolution of legal issues and disputes.
- Successful recovery of delinquent accounts through legal actions.
- Accuracy and compliance of legal documentation.
- Minimal legal and regulatory risks across the zone.
- Training coverage and effectiveness for business teams.
Working Conditions:
- Regular travel within the zone for legal proceedings, recovery cases, and business support.
- Dynamic work environment with a mix of office-based and field-based responsibilities.
