Job Purpose:
The Vice President - Litigation will lead the organization's litigation strategy across its diversified financial services businesses including NBFC operations, housing finance, real estate lending, and payment wallet services. This senior role is responsible for managing complex litigation matters, mitigating legal risks, and protecting the company's interests while ensuring regulatory compliance across all business verticals.
This key leadership position requires a litigation specialist who can navigate complex legal challenges across multiple financial services verticals while supporting the organization's growth and risk management objectives.
Principal Accountabilities:
Litigation Management
- Develop and implement comprehensive litigation strategies for all business verticals including NBFC, housing finance, real estate, and payment services
- Oversee a diverse portfolio of cases including recovery proceedings, consumer disputes, regulatory actions, and commercial litigation
- Manage specialized proceedings under SARFAESI Act, DRT/DRAT filings, section 138 cases, arbitration proceedings, insolvency and criminal matters
- Direct and supervise external counsel while managing litigation budgets effectively
- Represent the company in high-stakes litigation and settlement negotiations
Recovery & Enforcement
- Design and implement effective recovery strategies for delinquent loans across business segments
- Oversee legal proceedings for mortgage enforcement, property possession, and auction processes
- Develop specialized approaches for different asset classes including residential properties, commercial real estate, and MSME assets
- Monitor and improve recovery timelines and success rates through process optimization
- Coordinate with business and collection teams to prioritize enforcement actions based on portfolio needs
Regulatory & Compliance
- Provide litigation perspective to compliance initiatives across RBI, NHB, SEBI, and other relevant regulatory frameworks
- Manage responses to regulatory notices, inquiries, and show-cause proceedings
- Develop litigation avoidance strategies through proactive compliance measures
- Keep management informed about litigation-related regulatory developments and their business impact
- Represent the company before regulatory authorities during hearings and proceedings
External Counsel Management
- Select, engage, and manage relationships with external law firms and litigation counsel
- Negotiate fee arrangements and billing structures to optimize legal spend
- Evaluate and monitor performance of outside counsel to ensure quality representation
- Collaborate with external counsel to develop case strategies and litigation approaches
Team Leadership
- Lead, mentor and develop a team of litigation managers and legal professionals
- Establish performance metrics and quality standards for the litigation function
- Ensure team members are updated on relevant legal developments and case law
- Promote collaboration between litigation team and other legal specialty areas
- Manage workload distribution and resource allocation across different business verticals
Internal Consultation & Leadership
a) Qualifications
§ Law degree from a recognized university; additional qualifications in banking/finance law preferred
§ Significant experience managing SARFAESI proceedings, DRT/DRAT matters, and recovery cases
§ Strong track record in handling complex commercial litigation and regulatory proceedings
§ Experience in managing legal teams and external counsel relationships
§ Expertise in recovery laws, debt enforcement, and security realization
§ Strong understanding of RBI, NHB, and payment-related regulatory frameworks
§ Familiarity with court procedures, arbitration processes, and alternative dispute resolution
§ Experience with insolvency and bankruptcy proceedings under IBC
b) Work Experience
§ 15+ years of litigation experience with at least 8 years specializing in financial services litigation
§ In-depth knowledge of laws and regulations governing NBFCs, HFCs, real estate lending, and payment systems
§ Strategic thinking with ability to balance legal considerations with business objectives
§ Excellent negotiation and dispute resolution skills
§ Superior analytical abilities and judgment in complex legal scenarios
§ Outstanding written and verbal communication skills
§ Ability to manage high-pressure situations and competing priorities
§ Information Security expectation: (Please select one of them)
( User level / Supervisory level/ Managerial level/ Governance level) – mention level
