State Legal Recovery

A

Job Specification

1

Company Name

:

Muthoot Fincorp Limited

2

Position / Designation

:

State Legal Recovery Secured & Unsecured Lending Business

3

Grade

:

4

Employment Type

:

All Employment Type

5

Reporting to

Designation & Grade

:

National Legal Head Secured & Unsecured Lending Business

6

No. of Reportees

Designation & Grade

:

7

Main Tasks & Areas of Responsibility

:

Drafting and vetting of transaction documents

• Finalizing the documents in connection with the acquisition of financial assets by ARC from other banks /financial institutions.
• Devising all the documents for issuance for security receipts by ARC to qualified institutional buyers.
• Overseeing all documents process and compliance for additional investments into the ARC (e.g. additional equity or NCDs) and all agreements the ARC is a party too
• To oversee external counsel/subject matter experts in connection with documentation

Set up and administer efficient systems and processes towards legal risk management

• To anticipate and guard against legal and regulatory risks facing ARCs business
• To set up implement and periodically update Legal SOP comprising of standard procedure for administering/ managing legal functions involving corporate legal issues dispute resolution due diligence DMS empanelment etc.
• To efficiently manage/ support other legal process initiatives including security release/ replacement MIS DMS empanelment etc.
• To keep informed of industry-specific regulations to ensure that appropriate risk management strategies are in place
• To analyze legal and regulatory issues for their impact on specific investments investment strategies and relevant regulatory implications

Dispute Resolution

• To set-up efficient dispute resolution strategy.
• Handling SARFAESI/ IBC and other legal matters before legal fora and with with external counsel.
• To closely co-ordinate with lawyers on various forms of dispute resolution
• To efficiently manage litigation data and documents including details of orders awards claims counter-claims litigation etc.

General Support

• To provide support towards drafting and vetting of non-lending contracts e.g. service provider agreement non-disclosure agreements I.T Contracts H.R Contracts etc.
• To provide opinion/ advise on any day to day/ legal issue.

To focus on skill enhancement & team development

• Periodically conduct sessions/ seminars on concerned legal and regulatory subjects.
• Arrange for training of the Legal Team Compliance Team and Corporate Secretarial Team from time to time to keep the team updated with changing laws and precedents
• To share legal updates with the relevant ABC and Varde representatives on legal and regulatory issues pertaining to AB ARC business.

Compliance

• To develop and maintain strong knowledge of laws regulations and industry best practices for ARCs stressed and distressed asset acquisitions and restructurings.
• To monitor and report on developments in compliance and regulatory arena.
• To oversee the planning and execution of compliance programs including monitoring testing identifying opportunities for improvement and communicating value added recommendations
• To be responsible for ensuring compliance with applicable laws and regulations regulatory and compliance filing activities detecting any compliance issues and executing correction actions to correct compliance issues.
• Oversee regulatory examinations inquiries and other data requests.

8

Skills and Exposure

:

9

Special Requirements (If any)

:

Must have experience in Secured lending / unsecured lending business

10

Job Location / State

:

Any where in India

11

Compensation Band

:

As per policy

12

Entitlements

:

As per policy

13

Stake Holders

:

Should be able to manage multiple stakeholders and collaborate with business heads

14

Career Progression

:

B

15

Educational Qualification / Technical Certification

:

LLB in Any Specialization

16

Skill Sets

:

Experience in SULB business

17

Communication Skills

:

Good oral written and presentation skills

18

Experience

:

4years of overall experience

19

Behavioral Competencies

:

Uncompromising ethical standards and discipline expected

20

Other Requirements (If any)

:

-