Vice President-Retail Banking Legal

Role : Vice President-Retail Banking Legal

Location : Mumbai

Experience : 10 to 12 Years

Qualification : LLM

Job Description :

Providing sound legal advice to business groups on various legal matters pertaining to the respective banking groups in conjunction with the Head of Legal

Providing direction to the legal team with respect to the changing regulatory policy framework and business requirements aligned to the strategy and lead the implementation of the strategy in line with the bank's vision, mission and corporate objectives

Keeping the business objectives and processes aligned with the changing legal environment

Providing effective advice and support to client group in facilitating closure of transactions

Help maintain the costs of functioning as a group within the approved budget

Review and provide legal advice on the wording and development of key strategic contractual documents and decisions and support managers with the resolution of all contractual issues/disputes in order to safeguard the bank's best interests

Ensure good quality of legal facilitation is exercised on the client groups and to ensure right advice is given to business on transactional issues

Help ensure regular monitoring of the statutory compliances requirements of the company

Support customer / legal escalations and regulatory issues pertaining to the respective Banking Group

Support legal systems to automate routine affairs like notice management, arbitrations and executions

Maintaining and developing legal MIS by furnishing the details of the legal intervention taken and the matters defended

Help develop and update the legal manuals and procedures related to respective Banking group from time to time

Champion the adoption of high quality market intelligence and data analytics to provide best legal advisory services and remedial actions in line with the banks reputation and business strategy

Recommend improvements to processes and policies across the Banking business to drive operational efficiencies and high quality customer service

Keep abreast with global legal trends and competitor strategies in key markets

Guide and encourage the teams to be effective implementers/ decision makers within the parameters of legal and internal policy framework

Monitor key parameters on productivity, hiring quality and attrition rates and make necessary improvements

Champion IDFC First's customer first culture by driving the team to take up high degree servicing norms to ensure absolute customer delight

Attract and retain best-in-class talent for key roles in their reporting structure