Overview
Senior Legal Manager Jobs in Delhi, Delhi, India at IDFC FIRST Bank
Title: Senior Legal Manager
Company: IDFC FIRST Bank
Location: Delhi, Delhi, India
Job Requirements
Role/ Job Title: Senior Legal Manager
Business: Retail Collections
Function/ Department: Legal / Debt Management-Recoveries
Job Purpose:
'The Senior Legal Debt Manager will be responsible for Multi Products & for minimizing financial losses by maximizing debt recovery through legal channels across retail banking products. This role involves designing legal strategies, managing legal operations, and collaborating with internal stakeholders including Business Heads, Finance, HR, and Collections. The role holder will represent the bank in legal matters, ensure compliance with regulatory frameworks, and lead initiatives that directly impact profitability and legal risk management. The role holder shall also conduct monthly / quarterly / annual due diligence/audit/Statutory reporting / periodic visit/ review of law firms/ advocate/ lawyers/ Authorised Representatives of the particular area / locations. This is a critical role with significant influence on the bank’s legal compliance and financial well-being.
Key / Primary Responsibilities :
'
- Design and implement legal strategies to recover debts and minimize losses.
- Ensure compliance with legal rules and regulations across all states.
- Partner with the Corporate Legal team to manage litigation and represent the bank in court / Statutory Authorities / Administrative Bodies.
- Co-own collection targets with Collection Heads and contribute to overall recovery performance.
- Lead the Legal Processing Office and oversee backend operations and SOPs for legal collections.
- Supporting the Stakeholders by initiating appropriate legal proceeding and delivering necessary favourable orders and monitoring of Billing activities.
- Conduct Half yearly Training & workshops as per schedule to Stakeholders
- Manage the Legal Management System and the SARFAESI Act process end-to-end.
- Providing Opinion on any legal related query, maintaining Reports & MIS, others
- Handle customer escalations and provide legal support to other functions during crisis situations.
- Facilitate empanelment of external vendors from a legal standpoint.
- Support and facilitate self-audits, internal audit and external audit.
- Obtain necessary court orders for the bank as required.
- Act as custodian for all retail legal affairs and ensure adoption of internal compliance frameworks.
- Collaborate with the Head of Collections to reduce net credit loss and delinquency metrics.
Secondary Responsibilities :
'
- Promote the use of market intelligence and data analytics to enhance product and process effectiveness.
- Recommend process and policy improvements to drive operational efficiency and customer service quality.
- Stay updated on global market trends and competitor strategies.
- Leverage cross-sell and branch synergies through internal collaboration.
- Lead initiatives to reduce operational costs and improve profitability.
Qualifications:
Graduate Degree – yes
Years of Experience:
PQE shall be minimum 1 years & more
