Job title: Senior Associate, Specialist Business Legal IBG, Legal, Compliance & Secretariat
Company: DBS Bank
Job description: Business Function:Group Legal, Compliance & Secretariat ensures that the bank’s interests are protected by zealously guarding and enhancing its reputation and capital. We also work to maintain a good standing with all our regulators, customers, and business partners. Because we believe that at the heart of business banking is to uphold the values of trust and integrity for all our stakeholders.Responsibility:This is a senior level position responsible for providing legal advice to the Institutional Banking Group (“IBG”), Priority Sector Lending Business (“PSL”) and Financial Institutional Group and Financial Sponsor Group (“FIG”) on legal and regulatory matters. The overall objective is to provide commercial legal support, advice and guidance across a broad range of practice areas and business in the bank and to provide thought leadership on all commercial legal matters.
- Business Enabler – Provide pragmatic and effective legal advice using research tools and interpretation skills to manage legal risk and achieve business objectives. Be a business partner to each business team/support team and establish close working relationship with them. Manage and build relationships with external legal advisers, including ensuring high performance levels and appropriate billing. Co-ordinate with external legal advisers and internal functions and departments in effective management of suits filed against the Bank.
- Drafting and Negotiation – Assist in the review and negotiation process of contracts, letters of agreement, policies and other documents related to banking products and operational matters. Effectively manage outsourcing contracts and mortgages. Ability to innovate & standardize documents to make them customer friendly is crucial.
- Anticipate and manage legal risk – Identify, evaluate and address issues of legal risk in transactions related to IBG, PSL and FIG.
- Customer Focus – Participate in the development of transparent and legally sound process and policies. Conduct risk reviews and develop procedures designed to reduce legal risk. Develop trust and strong relationships with internal stakeholders.
- Think Strategically – Keep the team and units updated on changes in law.
- Develop good understanding of banking products and services relating to IBG, PSL and FIG.
- Good product knowledge, well versed with all regulations with respect to RBI.
- Provide day-to-day legal support in the form of advisory and legal documentation to IBG, PSL, FIG and support units of the Bank.
- Advisory to the Gift City IBU on various transactions including but not limited to ECB transactions, FCY transactions, leverage buyout transactions, sub-line financing etc.
- Comprehensive legal advisory on structured transactions, direct assignments, PTCs, co-lending, securitization transactions.
- Handling all types of lending and borrowing transactions, drafting, reviewing, analysing and negotiating the facility and security documents and advising on various legal issues in day to day matters.
- Support in vetting contracts like NDAs, service contracts, leases, outsourcing contracts, partnership agreement etc.
- Standardising templates of legal drafts.
- Improvisation and simplification of processes and policies, identifying gaps in policies and advising on suitable mitigants within the guard rails of the legal and regulatory framework.
- Drafting policies pursuant to legal/regulatory requirements.
- Reviewing Title search report and providing legal support for mortgage related queries and documentation.
- Annual review of the standard documentation and simplifying and standardizing the documents and setting up of processes for streamlining the day to day queries of business and support units.
- Responsible for providing guidance on customers complaints, drafting or vetting response of the complaints to senior management, responding to notices from regulators/ authorities, vetting legal notices, conduct legal training for Business units and Support units.
- Adhere to the legal risk management policies of the Bank at all times and any prescribed legal standards.
- Be the key player in organising the legal matters and administration of legal policies and processes.
- Identify and highlight legal risks appropriately while providing mitigating solutions.
- Liaise with consultants/law firms and advocates.
Requirements:
- Qualified lawyer with at least ___ years post qualification experience in Corporate and Institutional Banking commensurate with the required capabilities detailed above.
- Good knowledge of RBI and SEBI guidelines.
- Good academic grounding.
- Excellent written and verbal communication skills
- Solid organisation skills including attention to detail and multi-tasking skills Project management skills.
- A Graduate with LLB/ LLM or other recognized legal degree with experience in banking or financial services industry especially in Corporate Banking, Commercial Banking and Transaction Banking
- A skilled commercial lawyer and negotiator who can actively work with a wide range of teams and functions in helping them to achieve pragmatic, commercial solutions to a wide range of challenges, while also identifying and addressing key risks given the need to comply with many conflicting legal, regulatory and internal policy requirements.
- Ability to work independently and with initiative on structured and complex transactions.
- Substantial experience with general commercial/contractual/transactional work.
- Experience with complex deals, demonstrated ability to analyse issues and develop legal solutions.
- Effective communication and negotiations skills and ability to build and maintain relationships.
- Regional, multi jurisdictional experience or cross border experience.
- Excellent diagnostic skills and rigorous approach to problem solving.
- Excellent analytical, communication and negotiation skills, especially drafting & writing skills.
- Ability to think creatively and identify innovative solutions for operational challenges.
- Strong formal presentation skills to gain acceptance to solutions, both internally and externally.
- Should be able to identify and forecast legal & compliance risks in line with proposed business growth & find solutions.
- Good knowledge of banking practices and financial services and all related laws in India especially India Contract Act, 1872, Companies Act, 2013, Transfer of Property, Insolvency and Bankruptcy Code, 2016, Banking Regulation Act, 1949 and regulations issued by RBI, SEBI etc.
- Ability to grasp new trends in field of law.
- Good research abilities applicable statutes/ laws.
Apply Now:We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.
Expected salary:
Location: Mumbai, Maharashtra
Job date: Sat, 18 Jan 2025 08:19:57 GMT
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