The Area Legal Manager will be responsible for managing all legal activities for the assigned geography, including litigation management, collections-related legal actions, contract vetting, regulatory compliance support, and coordination with external law firms. The role ensures legal risk mitigation while supporting business growth across secured and unsecured lending products.
-
Manage end-to-end litigation for retail, SME, and corporate loan portfolios.
-
Oversee filing, tracking, and closure of legal cases under:
-
Section 138 (Cheque Bounce)
-
Arbitration
-
Sec 9/ Sec 17 proceedings
-
SARFAESI actions (where applicable)
-
Civil suits & criminal complaints
-
Coordinate with external advocates for case strategy, court appearances, and timely filings.
-
Review and approve legal notices, replies, and case drafts.
-
Ensure timely execution of decrees, awards, and recovery orders.
-
Identify accounts requiring legal intervention in coordination with Collections and Business teams.
-
Drive legal recoveries by initiating and monitoring:
-
Demand notices
-
Pre-litigation processes
-
Property possession and auction (for secured loans)
-
Provide legal opinion on complex delinquent cases.
-
Vet and finalize loan-related documents, agreements, vendor contracts, and renewal documents.
-
Support business in rolling out updated documentation aligned with regulatory changes.
-
Conduct periodic audits to ensure compliance of branch-level documentation.
-
Monitor changes in NBFC regulatory framework and support internal implementation.
-
Ensure legal processes comply with RBI guidelines, Arbitration Act, IBC, NI Act, and other relevant laws.
-
Assist in internal and external audits from a legal standpoint.
-
Empanel, evaluate, and monitor performance of external advocates and legal vendors.
-
Ensure adherence to cost, quality, and compliance parameters.
-
Negotiate and manage professional fee structures.
-
Work closely with Business, Credit, Collections, Risk, Operations, and Compliance teams.
-
Provide legal opinions for business expansion, new products, major NPAs, and policy-level decisions.
-
Conduct training for internal teams on legal processes and documentation.
-
Education: LL.B or LL.M from a recognized university.
-
Experience: 5–10 years of experience in legal functions within NBFC, Banking, or Financial Services.
-
Strong experience handling litigation, arbitration, SARFAESI, and collection legal processes.
-
Exposure to secured and unsecured lending portfolios preferred.
