Website:
yes.bank.in
Job details:
Retail Legal litigation is function to recovery stress assets by strategizing and form legal process which helps in cost and time effective legal tools for collection of dues from defaulting customers including enforcing security interest. Simultaneously legal team has to coordinate with the collections team and have to deliver their best in terms of implementing the Legal remedies adopted by the bank in due course of time and following due process for recovering the outstanding dues from the defaulted borrower’s / Co-Borrower’s and Guarantor.
Job Role & Descriptions
The candidate will be responsible for drafting of various notices, replies, complaints, petitions, process notes and policies. Will be responsible to research and sharing case laws/amendments impacting Banking system. Knowledge on Arbitration, ODR, NCLT and willful defaulter proceedings.
The candidate will be responsible for using appropriate cost effective legal tools which will enable collections team to recover the dues from defaulting customer.
The job will involve in initiation of various legal actions depending on case to case basis and customer profile which will support collections team in early resolution of the delinquent case. It will involve in interaction/liaising with different departments, law firms, judicial and quasi-judicial departments as and when required as per the situation.
Key components of the job
- In house drafting of notices/replies, petition, complaints, policies, processes, etc
- Initiating various legal action on delinquent customers as per process/policy
- Tracking of cases which are eligible for filing and how many are filed
- Tracking and monitoring cases which are filed
- Empanelment of legal vendors as and when required
- Attending court cases and other regulatory offices as and when required
- To Attend the Court proceeding as a representative of the bank under POA.
- To file the complaints / plaints and other necessary suits in all types of Courts civil or criminal of whatsoever nature.
- To attend / visit Police stations with respect to criminal cases filed by & against the Bank
- To co-ordinate with the advocates / agencies in respect of the matters allocated to them and to update its regular progress.
- To publish timely reports /MIS, month on month basis with the development of cases filed and pending therewith in the Courts.
- To report/inform details of any adverse orders passed against the Bank and or any cases filed against the Senior Management of the Bank
- Maintaining billing details of lawyer
Job Qualification:-
Academic qualification: Law Graduate.
Expected Grade: -
No Of Years’ Experience
Key skills required:-
- Understanding of Banking policies and practices
- Eye for details and good learning acumen
- Good analytical, communication (verbal and written) & inter personal skills.
- Good working knowledge of MS office including MS Excel
- Zeal to succeed and must win attitude
Other qualification (optional): NA
Location:
Travelling: As and when required on case to case basis
Click on Apply to know more.