Principal Legal Counsel

**Principal Legal Counsel-Liabilities**:
Corporate 1100-Corporate Office, Bangalore, Karnataka, India
- Department
- CORPORATE LEGAL DEPARTMENT
- Job posted on
- Jul 03, 2025
- Employment type
- Permanent**JOB TITLE**
- Principal Legal Counsel-Liabilities

**GRADE**
- AVP-II

**DEPARTMENT**
- Legal

**LOCATION**
- HO

**SUB-DEPARTMENT**
- Nil

**TYPE OF POSITION**
- Full-time

**REPORTS TO**
- Head-Retail Legal Unit

**REPORTING INTO**
- NA**ROLE PURPOSE & OBJECTIVE**- Any product program or process or policy drawn in relation to various liability products, and while the Bank carrying out business, should align with various laws of the land. The resource is required to take care of the governance aspects with reference to the applicable laws, prepare legal documents for different banking products/processes of liability business, guide the Bank to act as per various laws and also to tender legal advice on various matters referred by the business/operations/branches.**SIZE OF THE ROLE**

**FINANCIAL SIZE**

**NON-FINANCIAL SIZE**- NA- NA**KEY DUTIES & RESPONSIBILITIES OF THE ROLE**

**Business**- Drafting/vetting/reviewing of all kinds of documents related to liability business of the Bank.- Constructively support the liability business teams in devising new products, processes, business requirement documents, functional specification documents and also revisiting existing processes.- Discuss, draft and standardize documents for the liability products.- Scrutinize and approve all legal documents related to the liability business of the Bank.- Provide assistance to branches in day-to-day affairs pertaining to liability business.

**Customer**Give sound legal advice and recommendations to liability b**usiness teams** in order to protect the legal interests of the Bank.**- In relation to the liability business of the Bank, communicate/interact with Regulators, Statutory Authorities, Law enforcement Agencies, for resolution of legal issues/ensuring compliance.- Taking proactive measures to reduce complaints against Bank so as to protect interests of Bank’s stakeholders.- Support customer facing departments and nodal officers in redressing grievances by customers and third parties.- Assisting Service Quality Department and nodal officers in drafting responses to complaints against the Bank, and responses to be submitted to Banking Ombudsman/Authorities.

**Internal process**- Advise the HOD on potential risks related to liability business of the Bank and assist in placing mitigants.- Ensure implementation of directives issued by the Board, Audit Committee of Board, Risk Management Committee, Management Committee etc.- Adhere to timelines in accomplishing the job role.- Monitor the timelines of submission of reports/statements, if any, to Government Authorities, various Regulators etc. in a timely manner.- Educate the business functions and branch officials on legal aspects, by issuance of circulars/guidelines.

**Learning & Performance**- Conduct training on relevant laws/acts to target stakeholders on a periodic basis.- Keeping a track on the latest laws affecting the Bank and proactively advise the Business functions on such amendments and its implication on business and to suggest changes in process/procedure.- Ensure goal-setting, mid-year review and annual appraisal process within the specified timelines.**MINIMUM REQUIREMENTS OF KNOWLEDGE & SKILLS**

**Educational**

**Qualifications**- Graduation in Law. Preferably having past experience as an Advocate. Ideal to have experience in banking operations.

**Experience**- 06 - 10 years of experience as a Legal Professional, out of which at least 4 years should be in Banks/NBFCs.

**Certifications**- Nil

**Functional Skills**Experience in legal matters relating to:- General and Commercial Laws-
- Civil Procedure Code-
- Criminal Procedure Code-
- Indian Penal Code-
- Evidence Act-
- Insolvency and Bankruptcy Code-
- Civil Procedure Rules-
- Arbitration and Conciliation Act-
- Negotiable Instruments Act-
- Payment and Settlement Systems Act-
- Banking Ombudsman Scheme/Integrated Ombudsman Scheme-
- Regulatory and Statutory Compliance-
- Banking Regulation Act- Reserve Bank of India Act- Registration ActStamp Act-
Aadhaar Regulations-
- Proficiency in drafting and vetting of legal documents.

**Behavioral Skills**- Ability to address issues during crisis- Problem solving and critical thinking- Establish standards of behaviour for others and motivates and empowers individuals.

**Competencies**- Execution- Managing Relationships- Influencing- Decision Making**KEY INTERACTIONS**

**INTERNAL**

**EXTERNAL**- Branch Banking Department- Banking Operations Department- Transaction Banking Department- TASC Department- Service Quality Department- Operational Risk Department- Compliance Department- Audit Department- Vigilance Department- Legal Managers/Legal Resources in Regional Offices- Branches- Nodal Officers- External Legal Consultants- Statutory and Regulatory Authori