Job Description
ROLE PURPOSE & OBJECTIVEGood governance is the basis and structure upon which business entities develop and implement sound business decisions and respond to challenges posed by accelerating changes. Sound governance ensures continuity and stability. Good governance plays significant role in the financial system, where delivery to Business verticals in a timely manner, however with minimal scope of governance weaknesses/organizational risk/reputational risk with improved transparency, is very much essential. The resource is required to take care of the governance aspects with reference to the applicable laws, support various Business verticals in drafting different banking products/processes, guide the Bank to act as per various laws and also to tender legal advice on various matters referred by the business/operations/branches.KEY DUTIES & RESPONSIBILITIES OF THEROLE:BusinessConstructively support the Business teams in devising new products, processes, business requirement documents, functional specification documents and also revisiting existing processes.Discuss, draft and standardize documents for the products. Suggest business solutions for offering banking products through digitized channels.Scrutinize and approve all legal documents.CustomerGive sound legal advice and recommendations to business teams in order to protect the legal interests of the Bank.Communicate/interact with Regulators, Statutory Authorities, Law enforcement Agencies, for resolution of legal issues/ensuring compliance.Taking proactive measures to reduce complaints against the Bank so as to protect the interests of Bank’s stakeholders.Internal processAdvise the HOD on potential risks related to the business of the Bank and assist in placing mitigants.Ensure implementation of directives issued by the Board, Audit Committee of Board, Risk Management Committee, Management Committee etc.Adhere to timelines in accomplishing the job role.Monitor the timelines of submission of reports/statements, if any, to Government Authorities, various Regulators etc. in a timely manner.Educate the business functions and branch officials on legal aspects, by issuance of circulars/guidelines.Learning & PerformanceConduct training on relevant laws/acts to target stakeholders on a periodic basis.Keeping track on the latest laws affecting the Bank and proactively advise the Business functions on such amendments and its implication on business and to suggest changes in process/procedure. Ensure goal-setting, mid-year review and annual appraisal process within the specified timelines.Educational Qualifications: Graduation in Law. Preferably having past experience as an Advocate. Ideal to have experience in banking operations.Experience: 06-10 years of experience as a Legal Professional, out of which at least 4 years should be in Banks/NBFCs/Fintech Companies.
💡 Quick Summary
Seeking a career-building opportunity? The Principal Legal Counsel|Governance Compliance position is now open for candidates interested in the Legal Jobs sector. This role in New Delhi 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 Legal Jobs is a plus.
