Head - Legal

Job Description

Bombay Mercantile Co-Operative Bank Ltd., a leading Multi-State Scheduled Bank, with 52 branches across 10 states, requires dynamic and experience personnel. Age: 45-50 Years Location: Mumbai Qualification and Experience: LL.B. (mandatory); LL.M. or additional certification in Banking Laws preferred. Prior experience in cooperative banking or public sector banking preferred. Enrolment with a Bar Council and eligibility to practice law. Minimum 15 years of experience in legal practice, with at least 5 years in a senior legal role within a bank or financial institution. Key Responsibilities: 1. Legal Advisory & Compliance Advise the Management and Board on legal matters affecting the Bank’s operations and decisions. Ensure compliance with applicable laws and regulations including the Banking Regulation Act, Cooperative Societies Act, RBI Guidelines, SARFAESI Act, Contract Act, etc. Interpret legal provisions and regulatory circulars for internal implementation. 2. Litigation Management Oversee all litigation involving the Bank in civil, criminal, labour, recovery, and consumer forums. Coordinate with external legal counsel and ensure timely filing of replies, appeals, and appearances. Represent the Bank in legal proceedings as required. 3. Loan Documentation & Recovery Vet and approve standard and non-standard legal documentation for loans, securities, mortgages, etc. Ensure enforceability of security documentation under SARFAESI and other applicable laws. Support recovery efforts through legal notices, DRT filings, and auctions under SARFAESI. 4. Contract Management Review and draft agreements, MOUs, NDAs, and contracts with vendors, service providers, and partners. Mitigate contractual risks and ensure protection of the Bank’s legal interests. 5. Regulatory & Statutory Reporting Ensure compliance with RBI and other regulatory directives related to legal matters. Maintain statutory records related to legal cases and Board-level compliance. Respond to legal queries and audits from regulators, statutory auditors, and internal departments. 6. Policy & Risk Framework Draft, review, and update the Bank’s Legal Policy, Recovery Policy, SARFAESI guidelines, etc. Assist in legal risk assessments and advise on potential exposures and mitigations. 7. Team Management & Capacity Building Supervise legal department staff and external advocates. Conduct internal training sessions for employees on legal and regulatory topics. Job Type: Full-time Schedule: Day shift Ability to commute/relocate: Masjid, Mumbai, Maharashtra: Reliably commute or planning to relocate before starting work (Preferred) Education: Bachelor's (Preferred) Experience: Legal: 10 years (Preferred) Work Location: In person