LEGAL - CONTRACT AND DRAFTING

Position / Designation

Grade

Employment Type

All Employment Type

Reporting to

Designation & Grade

No. of Reportees,

Designation & Grade

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.

Skills and Exposure

Special Requirements (If any)

Must have experience in Secured lending / unsecured lending business

Job Location / State

Any where in India

Compensation Band

As per policy

Entitlements

As per policy

Stake Holders

Should be able to manage multiple stakeholders and collaborate with business heads

Career Progression

Educational Qualification / Technical Certification

LLB in Any Specialization

Skill Sets

Experience in SULB business

Communication Skills

Good oral, written and presentation skills

Experience

4+years of overall experience

Behavioral Competencies

Uncompromising ethical standards and discipline expected