FAQs
What is the primary role of a Team Member - Legal in Consumer Banking?
The primary role involves handling title investigations, due diligence for mortgaged properties, scrutinizing lending documentation, drafting various legal documents, and advising on compliance with regulatory guidelines.
What are the key responsibilities related to lending and mortgage?
Key responsibilities include conducting title investigations, drafting and vetting facility and mortgage documents, advising on stamp duty and registration queries, and highlighting risk parameters to stakeholders.
How important is experience in title investigation and due diligence for this position?
Experience in title investigation and due diligence is preferred, with 5-8 years in these areas being highly desirable for the role.
What qualifications should a candidate possess for this position?
Candidates should have a strong background in legal documentation related to mortgage and lending, effective communication skills, strong analytical abilities, and preferably experience in the banking and financial services industry.
Will the role involve handling litigations and arbitration proceedings?
Yes, the role includes handling litigations and arbitration proceedings, appointing and liaising with advocates, and managing civil and criminal matters in courts and arbitration tribunals.
Is regulatory compliance a part of the job?
Yes, ensuring compliance with regulatory guidelines and handling regulatory audits and inspections are integral parts of the job.
What types of agreements will the Team Member - Legal be responsible for drafting?
The responsibilities include drafting various agreements such as service level agreements, outsourcing agreements, payment gateway agreements, co-lending contracts, and commercial contracts with vendors and channel partners.
Are there any specific industry preferences for candidates applying to this role?
Yes, candidates with experience in the Banking and Financial Services industry are preferred.