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Team Member Legal - Consumer Banking-SUPPORT SERVICES-Legal

  • Job
    Full-time
    Senior Level
  • Legal
    Banking & Finance
  • Mumbai

AI generated summary

  • You need 5-8 years in Title Investigation and Due Diligence, experience in Mortgage and lending arrangements, strong analytical skills, and effective communication in Banking & Financial Services.
  • You will conduct title investigations, draft and vet legal documents, advise on compliance and risks, manage contracts, handle litigations, and support recovery actions for NPA accounts.

Requirements

  • 5-8 years of experience in Title Investigation and Due Diligence, Scrutinizing and advising on Mortgage and lending arrangements will be preferred
  • Effective communicator with strong analytical skills
  • Industry preference: Banking & Financial Services

Responsibilities

  • Handling Title Investigation and Due Diligence of property mortgaged as security/ collateral with the Bank for various products
  • Scrutinizing and advising on the documentation pertaining to lending activities, Drafting and vetting of various Facility / Lending Documents, Mortgage documents including various Undertaking, Indemnities, Release Deeds, POA’s, etc.
  • Highlighting risk parameters to the stakeholders from time to time
  • Advising on Stamp Duty, Registration and Mortgage related queries from time to time.
  • Ensuring compliance of Regulatory Guidelines:
  • Framing process notes and policies as per the guidelines issued by regulatory authorities from time to time.
  • Handling regulatory Audit and Inspection.
  • Drafting of Agreements, Contracts and Approving Terms & Conditions:
  • Handling Contract Managements, Drafting and Vetting of various agreements such as Service Level Agreements, Outsourcing Agreements, Payment Gateway, Referral and Digital Marketing Agreements, Co-origination, i.e. Co-Lending contracts, Collaboration Agreements, Business Correspondence (BC) Agreements, Commercial Contracts with the Vendors and Channel Partners
  • Drafting and Vetting of Loan Agreements, Sanction Letters, POA’s and various security documents;
  • Handling Litigations and Arbitration Proceedings:
  • Appointing and liasoning with Advocates.
  • Handling Civil and Criminal matters filed before various courts and Arbitration Tribunals.
  • Drafting and vetting of written submissions, Rejoinders, Statement of Claims, Appeals, etc.
  • Handling recovery matters and giving opinion on legal course of action for NPA and default accounts

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.

Finance
Industry
10,001+
Employees

Mission & Purpose

Kotak Mahindra Bank is a leading Indian financial services conglomerate that offers a wide range of banking and financial products, including personal, corporate, and investment banking services. They provide solutions such as loans, savings accounts, insurance, asset management, and wealth management. Kotak Mahindra Bank’s ultimate mission is to drive growth by delivering innovative and customer-centric financial services while maintaining the highest standards of integrity and professionalism. Their purpose is to empower individuals, businesses, and institutions by offering tailored financial solutions that enhance their financial well-being and support economic progress.