Senior Manager/AVP- Legal Collection
2 days ago
Job Purpose:
To lead and manage legal recovery strategies across the country for Two-Wheeler and Unsecured Lending portfolios, ensuring compliance with regulatory frameworks and optimizing recovery through legal channels.
Role & responsibilities
Legal Strategy & Execution
Design and implement national-level legal recovery strategies for delinquent accounts.
Drive SARFAESI, Arbitration, Lok Adalat, and Section 138 proceedings.
Liaise with external legal counsel and agencies for case filings and follow-ups.
Ensure timely initiation and closure of legal actions across geographies.
Portfolio Management
Monitor legal recovery performance bucket-wise (DPD-wise) across TW and unsecured portfolios.
Analyze trends in legal collections and recommend corrective actions.
Ensure legal actions are aligned with business objectives and risk appetite.
Compliance & Governance
Ensure adherence to RBI guidelines, internal policies, and legal norms.
Maintain documentation and audit trails for all legal actions.
Represent the organization in legal forums and statutory bodies when required.
Team & Vendor Management
Manage regional legal managers and outsourced legal vendors.
Conduct regular training and capability building for field and legal teams.
Monitor SLA adherence and performance of legal vendors.
Stakeholder Collaboration
Work closely with collections, risk, and compliance teams to align legal recovery efforts.
Provide legal insights during strategy reviews and portfolio assessments.
Preferred candidate profile
LLB/LLM with 1015 years of experience in retail lending legal recoveries.
- Proven track record in managing pan-India legal collections, especially in TW and unsecured segments.
- Strong understanding of SARFAESI, Arbitration, CPC, CrPC, and RBI recovery guidelines
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