Manager Legal

Manager Legal-Micro Mortgages

Multiple locations

• Preparation of Title Scrutiny Reports

• Represent the Bank before Sub-Registrar office.

• Review/ draft/ vet the Transaction documents and advise on the suitable mode of security creation.

• Property document verification value of 4 Crore per month
  

• Review 100+ TSRs in a month

• To obtain the Title Deeds/Revenue Records/Encumbrance Certificate/Tax Receipts/Other Relevant Documents supporting the Ownership of the Property proposed to be given as Security to the Loan.

• To independently review the title flow of the property by verifying the certified copies of the title deeds and generating the EC and revenue records, wherever the same are available online in the respective state’s land records portal.

• Preparation of Title Scrutiny Reports (TSR) after obtention of all the requisite documents to confirm that the TSR satisfies the business requirements of the Bank.

• To Verify the original Title documents on furnish OV report on the genuineness of the said documents.

• To draft/vet the Security documents for execution and registration.

• To represent the Bank before Sub-Registrar for registration and cancellation of Security documents.

• To represent bank before SRO during purchase cases and collect OTC documents.

• To collect documents from other banks/financial institutions on behalf of bank in BT cases. The legal officer will only verify the title documents received from other banks/FIs and confirms the same are in order.

• Drafting/vetting/review of all kinds of credit documents including security documents for secured and unsecured facilities and advising the business/credit teams on suitable mode of creation of security.

• To provide clarifications to general and legal queries to all the business and support verticals.

• Liaise with Courts, Commercial courts, Arbitration Tribunals, DRTs, Legal Services Authorities, Panel Advocates, empaneled Recovery Agents, Consumer Fora etc. and ensure their good relationship with the Bank.

• To train the business/credit officers on the various legal issues pertaining to mortgage of properties and to safeguard the security of the bank.

• To undertake any specific assignment/work being assigned by the Regional Legal Manager.

• Provide legal support by coordinating with Credit Collections Team in managing collections and recovery through legal and to liaison with panel advocates on cases filed against/ by the Bank before various Courts, Tribunals, Forums, etc.

• Adhere to timelines in reviewing of security documents and preparation of TSR and all the other Transaction Documents.

• Adhere to timelines in obtaining maintaining TAT maintenance/reporting of MIS, submission of periodical Statements to Regional/Corporate Legal Department.

• Research on existing and new legislations/amendments and proactively advise the corporate legal team and business teams about amendments in the state stamp duty, state land revenue records and its implication on business and to suggest changes in process/procedure in line with the amendments.

• Ensure completion of mandatory training courses, goal-setting, midyear -review and annual appraisal process within specified timelines.

• Graduation in Law from a recognized University.

• 2-6 (approx.) years of experience as a Legal Professional in Banks/ NBFCs or with a practicing advocate specializing in title searc

• NA

• Transfer of Properties Act

• Negotiable Instruments Act

• Arbitration Act

• SAFRAESI Act

• Registration Act

• Stamp Act

• Regulatory & Statutory Compliance

• Ability to address issues during crisis

• Problem solving & critical thinking

• Negotiation skill

• Establish standards of behaviour for others and motivates and empowers individuals.

• Influencing

• Decision Making

• Ability to address issues during crisis

• All Business and Credit verticals at Regions & Branches.

• Legal Managers at Regional Offices.

• External Legal Consultants, Law firms, Lawyers.

• Various Courts of Law, Legal Services Authorities, Office of the Banking Ombudsman.