Job Description

Responsibilities will include Functional Expertise 1. Sound knowledge of Labour Laws, State Laws 2. Knowledge of recovery processes and should have handled it in the past 3. Lead and negotiate tie up with other NBFC/Fintech/Lending Service Providers for partnerships for new loan products 4. Standardizing, preparation, and finalization of the loan documents/sanction letters, KFS, application form across products including reviewing of the product journey for different digital lending products. 5. Reviewing/ handling execution of agreements & security documents related to fund raising and provide end to end support to the Finance Team. Manage all formalities for execution of documentation and archival of documents properly. 6. Provide legal advice and support to the business on a broad range of legal issues. This includes drafting and reviewing legal documents such as contracts, policies, and procedures. 7. Develop and maintain internal policies, procedures, and guidelines to ensure compliance with applicable laws and regulations Problem Solving 1. Solve of business issues related to recovery of loans 2. Ensure proper compliance paperwork is in place & solve for pending issues 3. Establish clean processes for recovery with positive brand image Interaction: 1. Both internal and external stakeholders and law enforcement agencies 2. Will be responsible for reviewing and negotiating contracts and agreements with customers, vendors, partners, and other third parties. They must ensure that these contracts protect the company\'s interests and comply with applicable laws and regulations. 3. Collaborate with cross-functional teams, including product, engineering, compliance, and finance, to ensure legal compliance and manage legal risks. They must understand the business needs and provide practical legal solutions that meet those needs. 4. Must monitor and keep abreast of changes in laws and regulations related to fintech. They must advise the business accordingly and ensure that the company remains compliant with these changes. 5. Manage external counsel to ensure efficient and effective legal support for the business. This includes identifying external legal resources when necessary and managing relationships with external counsel. 6. Managing tracker and other MIS maintained by the Legal team, perform internal checks/review of processes & highlight issues along with resolutions. To succeed in the role Impact Lead the resolution over escalations and engage law enforcement agencies effectively Challenges & Decisions Dispute resolution in time bound manner and within compliance frameworks Qualification & Experience (type & industry) LLB degree. 4-6+ years of experience in a similar role Skills & know-how Ability to handle recovery process Lead a process within compliance framework laid out by RBI & other regulators Knowledge and understanding of various secured and unsecured loan products such as personal loans, credit lines, merchant/business loans, revenue based financing, invoice/bill discounting Knowledge of regulatory frameworks such as Digital lending guidelines, Nodal Bank Accounts, RBI KYC norms, NBFC regulations. Proven experience in drafting, negotiation and finalization contracts, with special focus on loan related documents such as sanction letter, KFS, loan agreement, security documents, charge creations etc. Demonstrated ability to work collaboratively with cross-functional teams, including business teams, technology teams, and compliance teams.

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