About the Organisation
HDFC Bank is India’s largest private sector bank, offering a comprehensive range of financial products and services to our customer base of over 92 million. Our extensive distribution network of 8,919 branches and 21,031 ATMs across 3,836 cities and towns as of August 2024, reaches every corner of the country, making us accessible to millions. Promoted by Housing Development Finance Corporation (HDFC), India’s leading housing finance company, HDFC Bank began operations in 1995 with a simple mission: to be a “World-class Indian Bank”. With a single-minded focus on product leadership, customer focus and operational excellence, we have emerged as a leading player in all our business segments. We cater to individuals and businesses, offering a full range of innovative banking solutions including loans, payments, and wealth management. Our business solutions empower companies of all sizes, from MSMEs to large corporations, helping them grow with tailored banking services and financial tools.
About the Job Opportunity
Senior Legal Manager is required to handle identification of lawyers and law firms, negotiation of fee structure, conduct conferences with Senior Counsels and do case briefing with law firms, handling critical cases filed against the Bank, attending High Court matters, support NCLT process, provide support to local Business Team if required etc. Providing Legal support to Recovery Managers in matters related Legal Vetting of documents, conducting civil and criminal litigations, defending litigations filed against bank, Legal Research, management of court case portal, attending DRT / DRAT for critical cases etc.
Job Responsibilities:
- 6 – 8 Areas Actionable (4-6)
- Legal Vetting · Ensuring all legal notices issued under SARFAESI ACT, RDDB ACT, COMPANIES ACT, NEGOTIABLE INSTRUMENT ACT and also matter related to DERIVATIVE TRANSACTIONS are dealt with appropriately · Ensuring all replies issued against Bank are responded appropriately · Ensuring and vetting all cases filed on behalf of Bank for recovery of debts dealt with legally. · Vetting of applications under Bankruptcy and Insolvency Act · Legal vetting of various correspondence with defaulter
- Liaising with external counsels / attorneys on
- regular basis.
- Identifying Law firms · Briefing complicated issues with counsels · Ascertain Banking experience of Advocates · Fix fees schedule · Ensure that Advocates were protecting the interest of the Bank by way of appropriate legal documentation, attending the court, arguments etc. · Conducting periodical review with the advocates to ascertain the progress of the case
- To get directly involve with Recovery Managers
- In critical / high value / stressed cases.
- Attending conference and Courts to manage critical matters pending before DRT/DRAT/High Court etc. · Providing legal support to take physical possession, conducting auction etc. · Defending challenges initiated by the borrower and third parties against SARFAESI actions
- Litigation against Bank · Closely handle the suits and proceedings filed against the Bank wherein monetary claim is involved.
- Court Case Portal · Managing the same with Recovery managers and central legal teams · Ascertaining matters filed against bank and review of the same periodically · Reconcile reporting of matters against bank
Eligibility & Qualifications:
- Graduation: LLB
- Post-Graduation: LLM (Preferable)
- Civil & Criminal Procedure Code with actual trial experience in court. · Banking documentation and Bank Products · Loan Against Shares & Loan Against Mutual Funds · Share Purchase and Joint Venture Agreements. · Proceedings under Bankruptcy Code · Commodity Finance · ISDA and Derivative Transactions · Conducting Arbitration Proceedings · Conducting Legal Proceedings under the Companies Act including merger and de-merger of Companies · Profound knowledge in Civil, Banking and Criminal laws · Litigation Experience (Both Civil & Criminal) with current legal trends. · Good written & verbal communication skills with proper articulation. · To Draft letters and correspondence. · Banking Product & Process Knowledge
- Experience Required (examples listed below)
- Should have more than 10 to 15 years of experience. Out of this the candidate should have ideally worked
- More than 4/5 years in a Bank with similar role.
- Candidate should have worked with reputed law firm and handled Stress/Restructuring and Recovery
- Related matters; Should have actually dealt large value /critical cases in a Banking perspective.
- Major Stakeholders (intra team and cross functional stakeholders, who would need to be interacted with for discharging duties) (examples listed below) · Recovery Managers / Senior Recovery Managers · Regional Heads / Head Legal / Head NCLT · Advocates & Law Firms · Counsel · Business Team · Credit Team
Contact Details
https://www.linkedin.com/company/hdfc-bank
Click here to apply and for official notification.
