Team Member Legal - Consumer Banking-SUPPORT SERVICES-Legal

  
 Location Mumbai
 Job Summary: 
We are seeking an experienced Agreement and Contract Drafting Lawyer to join our Legal team. The successful candidate will be responsible for drafting, reviewing, and negotiating various agreements and contracts related to the bank's business operations. Key Responsibilities: 
1. Drafting and Reviewing Agreements and Contracts: Prepare, review, and finalize various agreements and contracts, including loan agreements, security agreements, and other commercial contracts.2. Negotiating ContractsNegotiate contract terms with counterparties, ensuring that the bank's interests are protected.3. Providing Legal AdviceProvide legal advice to business teams on contract-related matters, ensuring compliance with applicable laws and regulations.4. Conducting Due DiligenceConduct due diligence on counterparties and review documentation to ensure compliance with regulatory requirements.5. Collaborating with Business TeamsWork closely with business teams to understand their needs and provide tailored legal support.6. Staying Up-to-Date with Regulatory ChangesStay current with changes in laws, regulations, and industry standards, and advise the business teams accordingly.7. Maintaining Records and DocumentationMaintain accurate and up-to-date records of agreements, contracts, and other legal documents for internal team (legals).8. Litigation Management : Drafting of replies to notices, written statement, reply etc and Interaction with advocate for handling and managing litigations.  Requirements: 
1. Qualifications: LL.B. or equivalent degree from a reputable law school, added CS degree will be added advantage.2. ExperienceAt least 7 years of experience in drafting and reviewing agreements and contracts, preferably in a banking or financial institution.3. KnowledgeStrong knowledge of contract law, banking regulations, and financial laws.4. SkillsExcellent drafting, negotiation, and communication skills.5. CertificationsCertification in contract drafting or a related field is an added advantage. Additional Requirement: 
1. Experience with Financial RegulationsFamiliarity with financial regulations, such as the Reserve Bank of India (RBI) guidelines.2. Experience with IT, Data protection laws and regulationsFamiliarity with data protection laws and regulations, such Information Technology Act, 2000, Digital Personal Data Protection Act, 2023.3. Knowledge of Industry StandardsKnowledge of industry standards and best practices in contract drafting and negotiation.4. Familiarity with Banking OperationsUnderstanding of banking operations, including lending, treasury, and trade finance.