Senior Legal Manager

About Balancehero:-

Balancehero India Pvt. Ltd. (BHI), the wholly-owned subsidiary of Balancehero Co. Ltd., Korea which runs and operates the mobile app “True Balance”- a one-stop destination for financial services.” Founded by Charlie Lee in Korea in 2014, Balancehero started its operations in India in the year 2016. It started off as a balance check application and the company has expanded its business model to financial services. The company aims to build a financial platform for the next billion which set the context for loans, utility services, pay later services, and commerce services. The Company's wholly-owned subsidiary True Credits Private Limited, is a licensed NBFC that aims to bridge the financial gap in India by making Finance available for all. True Credits lends through the True Balance mobile application.

About True Balance:

Owned and operated by BalanceHero Group, True Balance is an RBI authorized Prepaid Payment Instrument (PPI) issuing entity. It offers loans through its subsidiary and RBI licensed Non-Banking Financial Company - True Credits Private Limited and other RBI licensed partners. Founded in 2016, as a mobile app for users in India to efficiently manage their phone calls and data usage, True Balance is now India’s one of the top financial services platforms providing solutions to all the financial needs of its users - from obtaining instant loans, paying utility bills to do prepaid recharges seamlessly. To date, True Balance has raised more than US$84 million in equity funding from marquee global investors like Softbank, Naver, and Line to name a few. The company aims to become the go-to financial services platform for the next billion people in India, playing a key role in the nationwide push towards the goal of Digital India and advancing financial inclusion amongst the unbanked and underbanked people.

https://www.truebalance.io/

About True Credits:

Established in 2019, True Credits is the RBI licensed NBFC that provides innovative financial services to empower the next

billion unbanked users. They cater to the personal and business needs of consumers by providing fast and hassle-free finance. True Credits is

focused towards unbanked users who have created a huge demand for instant credit services in India.

The candidate should provide comprehensive support to the legal team in all activities, ensuring compliance with legal requirements and company policies. This role involves reviewing and vetting agreements, drafting standard templates, resolving customer complaints, performing due diligence, supporting litigation processes, managing legal documents, conducting legal research, and coordinating with external advisors.

• Drafting, reviewing, red-lining, negotiating, and finalizing documents
• (Contracts, Letters, Proposals, RFPs etc.) from a legal perspective, ensuring minimal/no risk to the organization
• Handling legal agreement for engagement of various vendors (tech/nontech), Handle commercials agreements, partnership agreements, marketing agreements, technology agreements etc.,
• Review of new and existing agreements to align them with the internal policies and standards.
• Draft, vet and review the legal documents in relation to the lending
• and other financial products. Advice the Business teams regularly on any legal query and advise on development and launch of new lending and other financial products from a legal perspective.
• Streamline the deviation taking processes by following the risk matrix in relation to the legal documentation,Support, assist and advise internal stakeholders/teams on any legal aspect/query,Designing and approving the policies, processes.
• Supporting in all litigations & filing of complaints with police/ court & liaisoning with enforcement agencies, investigation agencies, etc.
• Managing the MIS maintained by the Legal team, perform internal retrospect examination for legal & highlight issues along with resolutions.
• Experience in Indian laws and regulations concerning banking, NBFCs, financial services, fintech businesses, Co-Lending, Lending Platforms, intellectual property and technology.
• Ability to work in a highly dynamic environment and collaborate with various internal and external stakeholders and external counsels. End to end legal management of assigned business transactions.
• Ability to think through original new products, expansion into new market verticals and areas relating to innovative fintech and financial solutions.
• Experience in developing and implementing processes for efficient and streamlined operations surrounding contract negotiations and processes.
• Provide time-sensitive support on a wide array of legal issues with the ability to conduct research and form views across different legislations and regulations governing the business
• Strong drafting and communication (both written and oral) skills in English.