Job Description
About the Bank
Set up in 1+06, SVC Bank (SVC Co-operative Bank Ltd.), formerly known as ‘The Shamrao Vithal Co-operative Bank Ltd.,’ has contributed significantly to the development of the cooperative movement in India for over a century. Today, the Bank is one of the oldest and most recognized names in the country's co-operative banking space and remains the only multi-state scheduled bank within the Nation having a presence across 11 states with 1+8 branches. It is also the first and only bank to develop and offer 'Genius'- a core-banking solution to more than 80 other co-operative banks.
With a total business of over INR. 31,680 crores and a net profit of INR. 146.86 crores in FY 21-22, it has proven its robust and strong fundamentals. While the Bank prides itself on its people skills and its large customer base, SVC Bank is best known for its honest and strong relationships that it maintains with both its customers and employees.
Learn more at: www.svcbank.com
What we are known for:
116 Years of Trust, SVC Bank is one of the most sought after employers within the banking industry, as employees are known to make their careers at the Bank with long lasting tenures, sometimes even employing generations of the same family. SVC Bank’s employee friendly environment ensures steady flow of opportunities for all the employees alongside all-round growth and positive work-life balance. SVC Bank bagged “The Best Co-Operative Bank “for the last 3 years in a row making it an exemplary example of service excellence and people’s bank. We recently received the award from Shri. Amitbhai Shah - Honorable Union Minister of Home Affairs and Cooperation, GOI, for 100+ years of dedicated service in the Co-operative Banking Sector at the event organized by #NAFCUB on 23rd June in Delhi, in the presence of Shri B.L. Verma - Honorable Minister of State for Cooperation, GOI and Shri. Jyotindra Mehta - President, NAFCUB. #National Conclave of Scheduled & Multi-state Urban Cooperative Banks & Credit Societies, as we go with our motto “Experience. Expertise. Excellence. Hum Se Hai Possible”.
General Manager – Legal & Recovery will directly report to Managing Director of the Bank. The role carries the overall responsibility to oversee all legal and recovery matters of the Bank. The incumbent will serve as a member of the senior leadership team and lead the legal & recovery function to experience and be a part of a transforming organization in an industry which is evolving rapidly.
Key Responsibilities:
Monitor, Supervise & Review-
• Achievement of Targets set for the year viz. recoveries from NPA Accounts and Recoveries out of write-offs & effective NPA Management.
• Recovery Management & Legal Support which would include Initiation of appropriate action for recovery through legal recourse, OTS, Write-offs and Legal support to all Departments.
• Operations and Compliance which would include Regulatory compliance related to Recovery; ensuring all the compliance are in line with RBI/Statutory requirements and examining staff accountability related to NPAs.
• Candidate will be responsible to ensure the legality of commercial transactions, advising the Bank on their legal rights and duties, including the duties and responsibilities of the team of officials in the Legal Department for all matters pertaining to title of property, documentation, title search, charge creation, mortgages, CERSAI & ROC creation, etc.
• Systems and Processes (Streamlining and Monitoring) which would involve streamlining of systems and processes and ensuring proper monitoring of portfolio; Setting up system of close monitoring and ensuring regular
Set up in 1+06, SVC Bank (SVC Co-operative Bank Ltd.), formerly known as ‘The Shamrao Vithal Co-operative Bank Ltd.,’ has contributed significantly to the development of the cooperative movement in India for over a century. Today, the Bank is one of the oldest and most recognized names in the country's co-operative banking space and remains the only multi-state scheduled bank within the Nation having a presence across 11 states with 1+8 branches. It is also the first and only bank to develop and offer 'Genius'- a core-banking solution to more than 80 other co-operative banks.
With a total business of over INR. 31,680 crores and a net profit of INR. 146.86 crores in FY 21-22, it has proven its robust and strong fundamentals. While the Bank prides itself on its people skills and its large customer base, SVC Bank is best known for its honest and strong relationships that it maintains with both its customers and employees.
Learn more at: www.svcbank.com
What we are known for:
116 Years of Trust, SVC Bank is one of the most sought after employers within the banking industry, as employees are known to make their careers at the Bank with long lasting tenures, sometimes even employing generations of the same family. SVC Bank’s employee friendly environment ensures steady flow of opportunities for all the employees alongside all-round growth and positive work-life balance. SVC Bank bagged “The Best Co-Operative Bank “for the last 3 years in a row making it an exemplary example of service excellence and people’s bank. We recently received the award from Shri. Amitbhai Shah - Honorable Union Minister of Home Affairs and Cooperation, GOI, for 100+ years of dedicated service in the Co-operative Banking Sector at the event organized by #NAFCUB on 23rd June in Delhi, in the presence of Shri B.L. Verma - Honorable Minister of State for Cooperation, GOI and Shri. Jyotindra Mehta - President, NAFCUB. #National Conclave of Scheduled & Multi-state Urban Cooperative Banks & Credit Societies, as we go with our motto “Experience. Expertise. Excellence. Hum Se Hai Possible”.
General Manager – Legal & Recovery will directly report to Managing Director of the Bank. The role carries the overall responsibility to oversee all legal and recovery matters of the Bank. The incumbent will serve as a member of the senior leadership team and lead the legal & recovery function to experience and be a part of a transforming organization in an industry which is evolving rapidly.
Key Responsibilities:
Monitor, Supervise & Review-
• Achievement of Targets set for the year viz. recoveries from NPA Accounts and Recoveries out of write-offs & effective NPA Management.
• Recovery Management & Legal Support which would include Initiation of appropriate action for recovery through legal recourse, OTS, Write-offs and Legal support to all Departments.
• Operations and Compliance which would include Regulatory compliance related to Recovery; ensuring all the compliance are in line with RBI/Statutory requirements and examining staff accountability related to NPAs.
• Candidate will be responsible to ensure the legality of commercial transactions, advising the Bank on their legal rights and duties, including the duties and responsibilities of the team of officials in the Legal Department for all matters pertaining to title of property, documentation, title search, charge creation, mortgages, CERSAI & ROC creation, etc.
• Systems and Processes (Streamlining and Monitoring) which would involve streamlining of systems and processes and ensuring proper monitoring of portfolio; Setting up system of close monitoring and ensuring regular
💡 Quick Summary
Seeking a career-building opportunity? The GM | Legal Recovery position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.