Job Description
Full job description
Bombay Mercantile Co-Operative Bank Ltd., a leading Multi-State Scheduled Bank, with 52 branches across 10 states, requires dynamic and experience personnel.
Age: 45-50 Years
Location: Mumbai
Qualification and Experience:
LL.B. (mandatory); LL.M. or additional certification in Banking Laws preferred. Prior experience in cooperative banking or public sector banking preferred.
Enrolment with a Bar Council and eligibility to practice law.
Minimum 15 years of experience in legal practice, with at least 5 years in a senior legal role within a bank or financial institution.
Key Responsibilities:
1. Legal Advisory & Compliance
Advise the Management and Board on legal matters affecting the Bank’s operations and decisions.
Ensure compliance with applicable laws and regulations including the Banking Regulation Act, Cooperative Societies Act, RBI Guidelines, SARFAESI Act, Contract Act, etc.
Interpret legal provisions and regulatory circulars for internal implementation.
2. Litigation Management
Oversee all litigation involving the Bank in civil, criminal, labour, recovery, and consumer forums.
Coordinate with external legal counsel and ensure timely filing of replies, appeals, and appearances.
Represent the Bank in legal proceedings as required.
3. Loan Documentation & Recovery
Vet and approve standard and non-standard legal documentation for loans, securities, mortgages, etc.
Ensure enforceability of security documentation under SARFAESI and other applicable laws.
Support recovery efforts through legal notices, DRT filings, and auctions under SARFAESI.
4. Contract Management
Review and draft agreements, MOUs, NDAs, and contracts with vendors, service providers, and partners.
Mitigate contractual risks and ensure protection of the Bank’s legal interests.
5. Regulatory & Statutory Reporting
Ensure compliance with RBI and other regulatory directives related to legal matters.
Maintain statutory records related to legal cases and Board-level compliance.
Respond to legal queries and audits from regulators, statutory auditors, and internal departments.
6. Policy & Risk Framework
Draft, review, and update the Bank’s Legal Policy, Recovery Policy, SARFAESI guidelines, etc.
Assist in legal risk assessments and advise on potential exposures and mitigations.
7. Team Management & Capacity Building
Supervise legal department staff and external advocates.
Conduct internal training sessions for employees on legal and regulatory topics.
Job Type: Full-time
Schedule:
Day shift
Ability to commute/relocate:
Masjid, Mumbai, Maharashtra: Reliably commute or planning to relocate before starting work (Preferred)
Education:
Bachelor's (Preferred)
Experience:
Legal: 10 years (Preferred)
Work Location: In person
Bombay Mercantile Co-Operative Bank Ltd., a leading Multi-State Scheduled Bank, with 52 branches across 10 states, requires dynamic and experience personnel.
Age: 45-50 Years
Location: Mumbai
Qualification and Experience:
LL.B. (mandatory); LL.M. or additional certification in Banking Laws preferred. Prior experience in cooperative banking or public sector banking preferred.
Enrolment with a Bar Council and eligibility to practice law.
Minimum 15 years of experience in legal practice, with at least 5 years in a senior legal role within a bank or financial institution.
Key Responsibilities:
1. Legal Advisory & Compliance
Advise the Management and Board on legal matters affecting the Bank’s operations and decisions.
Ensure compliance with applicable laws and regulations including the Banking Regulation Act, Cooperative Societies Act, RBI Guidelines, SARFAESI Act, Contract Act, etc.
Interpret legal provisions and regulatory circulars for internal implementation.
2. Litigation Management
Oversee all litigation involving the Bank in civil, criminal, labour, recovery, and consumer forums.
Coordinate with external legal counsel and ensure timely filing of replies, appeals, and appearances.
Represent the Bank in legal proceedings as required.
3. Loan Documentation & Recovery
Vet and approve standard and non-standard legal documentation for loans, securities, mortgages, etc.
Ensure enforceability of security documentation under SARFAESI and other applicable laws.
Support recovery efforts through legal notices, DRT filings, and auctions under SARFAESI.
4. Contract Management
Review and draft agreements, MOUs, NDAs, and contracts with vendors, service providers, and partners.
Mitigate contractual risks and ensure protection of the Bank’s legal interests.
5. Regulatory & Statutory Reporting
Ensure compliance with RBI and other regulatory directives related to legal matters.
Maintain statutory records related to legal cases and Board-level compliance.
Respond to legal queries and audits from regulators, statutory auditors, and internal departments.
6. Policy & Risk Framework
Draft, review, and update the Bank’s Legal Policy, Recovery Policy, SARFAESI guidelines, etc.
Assist in legal risk assessments and advise on potential exposures and mitigations.
7. Team Management & Capacity Building
Supervise legal department staff and external advocates.
Conduct internal training sessions for employees on legal and regulatory topics.
Job Type: Full-time
Schedule:
Day shift
Ability to commute/relocate:
Masjid, Mumbai, Maharashtra: Reliably commute or planning to relocate before starting work (Preferred)
Education:
Bachelor's (Preferred)
Experience:
Legal: 10 years (Preferred)
Work Location: In person
💡 Quick Summary
Seeking a career-building opportunity? The Head - Legal 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.
