Lead Legal - Wholesale Banking

Job Requirements

Role/ Job Title: Lead Legal - Wholesale Banking

Function/ Department: Legal

Job Purpose

The role entails providing professional legal advice, clarifications, and legal opinions on strategic legal, and business matters relevant to the core business operation of IDFC First Bank such as the issuance of shares, licensing of new entities, strategic investments, acquisitions, and franchise and group issues, while adopting a proactive approach in ensuring that the bank is protected from any adverse legal consequences. It is a critical position with various internal and external stakeholders and has a key responsibility contributing to the larger organizational objectives of the bank.

Roles & Responsibilities

• Providing sound legal advice to business groups on various legal matters pertaining to the respective banking groups in conjunction with the Head of Legal.
• Providing direction to the legal team with respect to the changing regulatory policy framework and business requirements aligned to the strategy and lead the implementation of the strategy in line with the banks vision, mission, and corporate objectives.
• Keeping the business objectives and processes aligned with the changing legal environment.
• Providing effective advice and support to client group in facilitating closure of transactions
• Help maintain the costs of functioning as a group within the approved budget.
• Review and provide legal advice on the wording and development of key strategic contractual documents and decisions and support managers with the resolution of all contractual issues/disputes to safeguard the banks best interests.
• Ensure good quality of legal facilitation is exercised on the client groups and to ensure right advice is given to business on transactional issues.
• Help ensure regular monitoring of the statutory compliance’s requirements of the company.
• Support customer / legal escalations and regulatory issues pertaining to the respective Banking Group
• Support legal systems to automate routine affairs like notice management, arbitrations, and executions.
• Maintaining and developing legal MIS by furnishing the details of the legal intervention taken and the matters defended
• Help develop and update the legal manuals and procedures related to respective Banking group from time to time.
• Champion the adoption of high-quality market intelligence and data analytics to provide best legal advisory services and remedial actions in line with the bank’s reputation and business strategy.
• Recommend improvements to processes and policies across the Banking business to drive operational efficiencies and high-quality customer service.
• Keep abreast with global legal trends and competitor strategies in key markets.
• Guide and encourage the teams to be effective implementers/ decision makers within the parameters of legal and internal policy framework.
• Monitor key parameters on productivity, hiring quality and attrition rates and make necessary improvements.
• Champion IDFC Firsts customer first culture by driving the team to take up high degree servicing norms to ensure absolute customer delight.
• Attract and retain best-in-class talent for key roles in their reporting structure.