Job Description
Job Description
This position exists to help business and support units on legal and regulatory matters. It is expected to provide legal guidance, assist on documentation requirements, support legal administration and integration activities, and help in managing legal risk.
· Business Enabler - Provide pragmatic and effective legal advice using research tools and interpretation skills to achieve business objectives. As expert of laws, provide consultative guidance for Bank’s strategic goals objectives and partnerships.
· Drafting and Negotiation – Assist in the review and negotiation process of contracts, letters of agreement, policies and other documents related to banking products and operational matters. Effectively manage outsourcing contracts and mortgages. Ability to innovate & standardize documents to make them customer friendly is crucial.
· Anticipate and manage legal risk - Identify, evaluate and address issues of legal risk in retail banking products & services, real estate, human resources, and technology services.
· Customer Focus - Participate in the development of transparent and legally sound process and policies. Conduct risk reviews and develop procedures designed to reduce legal risk. Develop trust and strong relationships with internal stakeholders
Think Strategically – Keep the team and units updated on changes in law.
• Develop good understanding of consumer / retail banking products
• Provide day-to-day legal support in the form of advisory and legal documentation to consumer banking and support units of the Bank.
• Support in vetting contracts like NDAs, service contracts, leases, outsourcing contracts, etc.
• Responsible for providing guidance on handling customers complaints, vetting response to complaints to senior management, responding to notices from regulators/ authorities, vetting legal notices, managing consumer litigation, conduct legal training for front office staff
• Adhere to the legal risk management policies of the Bank at all times and any prescribed legal standards.
• Be the key player in organising the legal matters and administration of legal policies and processes
• Identify and highlight legal risks appropriately while providing mitigating solutions
Liaise with consultants/law firms and advocates
• Experience in managing branch banking, retail/consumer banking related legal issues
• Good understanding about the working of a legal department
• Good knowledge of RBI guidelines and banking practices related to retail customers
• Ability to analyse and effectively communicate
Customer focussed
This position exists to help business and support units on legal and regulatory matters. It is expected to provide legal guidance, assist on documentation requirements, support legal administration and integration activities, and help in managing legal risk.
· Business Enabler - Provide pragmatic and effective legal advice using research tools and interpretation skills to achieve business objectives. As expert of laws, provide consultative guidance for Bank’s strategic goals objectives and partnerships.
· Drafting and Negotiation – Assist in the review and negotiation process of contracts, letters of agreement, policies and other documents related to banking products and operational matters. Effectively manage outsourcing contracts and mortgages. Ability to innovate & standardize documents to make them customer friendly is crucial.
· Anticipate and manage legal risk - Identify, evaluate and address issues of legal risk in retail banking products & services, real estate, human resources, and technology services.
· Customer Focus - Participate in the development of transparent and legally sound process and policies. Conduct risk reviews and develop procedures designed to reduce legal risk. Develop trust and strong relationships with internal stakeholders
Think Strategically – Keep the team and units updated on changes in law.
• Develop good understanding of consumer / retail banking products
• Provide day-to-day legal support in the form of advisory and legal documentation to consumer banking and support units of the Bank.
• Support in vetting contracts like NDAs, service contracts, leases, outsourcing contracts, etc.
• Responsible for providing guidance on handling customers complaints, vetting response to complaints to senior management, responding to notices from regulators/ authorities, vetting legal notices, managing consumer litigation, conduct legal training for front office staff
• Adhere to the legal risk management policies of the Bank at all times and any prescribed legal standards.
• Be the key player in organising the legal matters and administration of legal policies and processes
• Identify and highlight legal risks appropriately while providing mitigating solutions
Liaise with consultants/law firms and advocates
• Experience in managing branch banking, retail/consumer banking related legal issues
• Good understanding about the working of a legal department
• Good knowledge of RBI guidelines and banking practices related to retail customers
• Ability to analyse and effectively communicate
Customer focussed
💡 Quick Summary
Seeking a career-building opportunity? The Legal Specialist | location 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.
