Assistant Legal Counsel

Role Overview

The Assistant Legal Counsel will provide comprehensive legal support to various functions and business units within the bank. This involves drafting, reviewing, and negotiating legal documents, advising on regulatory compliance matters, assisting with litigation, and ensuring adherence to relevant legal frameworks applicable to banking.

Key Responsibilities

• Prepare, examine, and negotiate contracts, agreements, MOUs, NDAs, and other legal instruments.
• Collaborate with business teams to structure deals, ensuring legality and risk mitigation.
• Deliver prompt legal advice to business, operations, HR, risk, and compliance teams.
• Interpret relevant laws, banking regulations, and RBI guidelines affecting banking products and services.
• Manage and support litigation, arbitration, and regulatory proceedings, including coordinating with external lawyers and preparing case materials.
• Ensure compliance with banking laws, RBI directives, and other regulatory mandates.
• Keep abreast of legal and regulatory updates and provide management with insights on their impact.
• Identify and evaluate potential legal risks in business initiatives and recommend mitigating actions.
• Contribute to drafting and implementing internal legal policies, workflows, and standard document templates.
• Liaise with regulators, law firms, and statutory bodies as necessary to maintain effective relationships.
• Establish strong collaboration with internal stakeholders by offering timely and practical legal solutions aligned with business needs.

Required Expertise and Skills

• In-depth understanding of banking and financial legislation such as the Banking Regulation Act, RBI regulations, Companies Act, and Contract Act.
• Proficiency in drafting, negotiation, and legal analysis.
• Capable of managing multiple assignments efficiently under stringent deadlines.
• Strong communication and interpersonal skills to work effectively across teams.
• Analytical and problem-solving abilities focused on reducing legal risks.

Qualifications and Experience

• Mandatory possession of an LL.B. degree, with LL.M. considered advantageous.
• Between 2 to 5 years of relevant experience in banking, NBFC, law firms, or corporate legal teams, preferably with exposure to banking or financial services sectors.