Head of Legal

Job Description

About WeRize

Founded in 2019 by Vishal Chopra and Himanshu Gupta, WeRize is building Indias largest full stack fintech platform for 500 million underserved middle-class customers who live in 5000+ small towns of India. WeRize (Wortgage technologies pvt ltd) also owns RBI registered NBFC subsidiary (Wortgage Finance pvt ltd). This customer segment is not served by private sector banks, Insurers and Mutual Fund companies due to their low ticket-size and lifetime value and is dependent on PSU/Govt banks, PSU/Government banks rarely provide financial products beyond basic savings accounts and these customers lack access to unsecured loans, MSME loans, credit cards, affordable housing loans, loan against property, health and life insurance and investment products. WeRize manufactures innovative unsecured consumer credit, mortgages, loan against property, MSME loans, savings and insurance products designed for this customer base keeping in mind their needs, requirements and purchasing power, with a view to add a layer of financial security to their lives and enable access to credit

.
While customers in these geographies use smartphones, they need properguidance and support when purchasing the right financial products for themselves. So, a pure digital model doesnt work for this segment. WeRize has innovated on this front through its Finance ki online dukaan (Social Shopify of Finance), a first of its kind social distribution tech platform in the financial services space that educates and enables local financially literate freelancers across these small towns to source business through online and offline channels, recommend the right financial product(s) to customers as well as provide after sales support.These freelancers, who are located in more than 5000+ towns and cities, earn as much as INR 30,000 a month from WeRize in commission

s.
Our social distribution platform supported by financially literatefreelancers means exceptionally low cost of customer acquisition (CAC) and operations costs compared to both fully digital and on-the-ground financial services providers. Digital conversions among this target group are way lower when comparedto upper income customers in metros and hence pure digital CAC doesnt workfor this segment. While companies like LIC and Fino Bank also rely on freelancer distribution, they deploy local on-fieldteams/branches to manage freelancers in every city. That resultsin very high CAC and operations costs for such companies. WeRize on the other hand, has been able to acquire, train and manage thousandsof freelancers in 5000+ citiesonly through its tech platform and without any feet-on-street team of its own. This results in highly profitable business model for Weri

ze.
To know more about the company, please visit: https://www.werize.

com/
Role Over

view:We are looking for a seasoned Legal professional to lead the Legal role Collections function for our growing FinTech company. The candidate will be responsible for managing all legal matters related to loan recovery, enforcement, litigation, and regulatory adherence across pan-India operations, especially focused on Tier 2, 3, and 4 t

owns.
Key Responsibil

ities:Strategize & Lead Recovery Legal Fram

- ework:Develop and implement legal strategies for secured and unsecured loan rec
- overy.Draft and vet demand notices, loan recall notices, legal notices, and settlement agree

ments.Litigation Manag

- ement:Handle all litigation matters including cheque bounce, Section 138 NI Act, arbitration, civil suits, and criminal complaints related to de
- fault.Oversee and coordinate with external legal counsels and collection vendors for timely case filings and follo

w-ups.Legal Enforc

- ement:Drive legal actions for non-performing accounts (NPAs), including SARFAESI (if applicable), arbitration, and court procee
- dings.Monitor and escalate high-value or fraudulent cases for immediate legal interve

ntion.Risk & Compl

- iance:Ensure compliance with RBI, NBFC, and fintech-related laws in recovery prac
- tices.Collaborate with compliance to prevent reputational and regulatory risks during collec

tions.Documentation & Process Con

- trols:Standardize legal documentation for collections including loan agreements, arbitration clauses
- , etc.Regularly audit and review case status and legal escala

tions.Stakeholder Collabor

- ation:Work closely with the collections team, business heads, and risk teams to assess legal
- risks.Represent the company before regulators, law enforcement agencies, and in legal forums, where n

eeded.People Manag

- ement:Build and lead a pan-India legal recovery team with strong vendor/law firm net
- works.Train internal stakeholders on legal aspects of collections and recov

eries.
Key Requir

- ements:LLB/LLM from a reputed law
- school.10+ years of experience in BFSI/FinTech/NBFCs in legal collections and liti
- gation.Strong experience in handling recovery liti
- gation.Proven leadership in handling geographically distributed legal teams/v
- endors.Ability to work in a fast-paced environment with a practical, solution-oriented m
- indset.Willingness to travel as per case requir

ements.

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