Legal Specialist, Consumer Banking

4 weeks ago


Mumbai, Maharashtra, India DBS Bank Full time

Job Title: Legal Specialist, Consumer Banking

Job Summary:

This role exists to provide legal support to the Consumer Banking Group and support units on legal and regulatory matters. The successful candidate will provide solutions to manage operational challenges and help create a robust plan to deliver customer needs within the scheme of laws and regulations.

Key Responsibilities:

  • Anticipate and manage legal risk - Identify, evaluate and address issues of legal risk in retail banking products & services (like credit cards, personal loans, fixed income products, digital banking services etc) and address legal risks associated with emerging technology driven services.
  • Drafting and Negotiation - Independently design, draft, negotiate and approve legal contracts, MOU, agreements, policies and other documents related to retail banking products and operational matters. Effectively manage outsourcing contracts and partnerships.
  • Business Enabler - Provide pragmatic and effective legal advice using research and interpretation skills to achieve business objectives. As expert of laws, provide consultative guidance for Bank's strategic goals, objectives and partnerships.
  • Think Strategically - Be a strategic contributor by proactively sharing legal updates and business opportunities emerging therefrom.
  • Customer Focus - Participate in the development of transparent and legally sound processes, policies for Consumer Banking Group. Conduct risk reviews and develop procedures designed to reduce legal risk.

Requirements:

  • Good knowledge of banking laws, RBI guidelines, and banking practices.
  • Must have advised on retail banking products and services.
  • Knowledge of credit card product and related services will be preferred.
  • Demonstrated history around drafting and negotiations.
  • Ability to analyse and effectively communicate.
  • Customer focussed.

Education / Preferred Qualifications: Law graduate with at least 6 years of PQE in retail/consumer banking

Core Competencies:

  • Excellent diagnostic skills and rigorous approach to problem solving.
  • Excellent communication and negotiation skills at all levels, especially drafting & writing skills.
  • Excellent comprehension skills to understand and interpret industry data and economic trends.
  • Strong formal presentation skills to gain acceptance to solutions, both internally and externally.
  • Attention to detail & Tenacious.
  • Ability to think creatively and identify innovative solutions.

Technical Competencies:

  • Technical Expert with good knowledge of banking practices and financial services.
  • Strong technical ability & ability to grasp new technical areas of law very quickly.
  • Knowledge on all related laws in India especially laws governing RBI, SEBI, IRDA, AMFI, etc.
  • General understanding of various applicable statutes/ laws.

Work Relationship:

  • Close working relationship with business heads, product owners & internal support functions to sign off & ensure compliance for all products & services offered by DBS India.
  • Establish a working relationship with Legal & Compliance team in India & Singapore.

DBS India - Culture & Behaviors:

  • Relationship Led.
  • Innovative.
  • Decisive.


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