Legal Counsel-Contracts

1. POSITION DESCRIPTION

JOB TITLE

Legal Counsel-Contracts

GRADE

CM

DEPARTMENT

Legal

LOCATION

HO

SUB-DEPARTMENT

TYPE OF POSITION

Full-time

REPORTS TO

Principal Legal Counsel-Contract Management

REPORTING INTO

N.A.

2. ROLE PURPOSE & OBJECTIVE

• Drafting, Vetting, Negotiation and Execution of Contracts.

• Drafting, Vetting, Negotiation and Execution of NDAs.

• Drafting, Vetting, Negotiation and Execution of MoUs/LOI/Purchase Orders.

• Proactively engage in reduction of TAT for Corporate Legal Team.

• Proactively engage in preparation of new/revised templates.

3. SIZE OF THE ROLE

FINANCIAL SIZE

NON-FINANCIAL SIZE

N.A.

N.A.

4. KEY DUTIES & RESPONSIBILITIES OF THE ROLE

Business

• Negotiation of contracts, MOUs, NDAs and other legal documentation with the external counterparties from legal and internal process perspective for its closure and help the business teams in execution of the same.

• Ensure delivery of legal advice relating to the business operations and also in framing/ review of policies and process.

• Maintaining track of pending assignments with Corporate Legal Team and presenting data, details etc. related to same to Chief Legal Officer as and when required.

Customer

• Advising Business teams on contract related matters including stamping, execution and negotiations.

• Assisting Corporate Legal Team in standardization of templates.

• Advising Regional Legal Teams on contract negotiation, drafting or related support as and when required.

Internal process

• Adhere to timelines in reviewing and vetting all official communications & documentations such as contracts, agreements and settlements.

• Monitoring the executed agreements to ensure guidelines are being followed, stamping is proper, signatures of authorized signatory is there etc.

Learning & Performance

• Keeping a track on the latest laws and judgements including those related to contracts, stamping, banking and finance and proactively advise the Legal team & management about such amendments, new laws and judgements and their implication on business and to suggest changes in process/procedure in line with the amendments through circulars/guidelines.

• Maintain a database on Applicable laws comprising FAQs, dos & don’ts as a ready reference.

5. MINIMUM REQUIREMENTS OF KNOWLEDGE & SKILLS

Educational

Qualifications

• Should be a graduate in Law (5 Year/3 Year) as a regular scholar (Full-Time) from a recognized University.

Experience (Years and Core Experience Type)

• Minimum 4-7 Years.

• Preference will be given to candidates having in-house experience in contract drafting and negotiation.

• Preference will be given to candidates having experience in BFSI/Fintech sector.

Certifications

• NA

Functional Skills

1. Experience in legal matters relating to:

• General and Commercial Laws

• Consumer Protection Act

• RDDB & FI Act and Rules

• Commercial Courts Act and Rules

• Arbitration and Conciliation Act

• Payment and Settlement Systems Act

Behavioral Skills

• Smooth interaction with Business teams & Vendors.

• Establish standards of behavior for others, motivate and empower individuals.

Competencies

• Ability to prioritize and maintain TAT.

• Problem solving & critical thinking

• Negotiation skills

6. KEY INTERACTIONS

INTERNAL

EXTERNAL

• The following Departments at Corporate Office: Business Verticals, Product Teams, Risk & Compliance, Finance, Audit, HR, SQ etc.

• Regional Legal/Risk Managers.

• Corporate Legal Team

• External Legal Consultants, Law firms, Lawyers

• In-house Legal/Business teams of Vendors, Partners, Agencies etc.

PREPARED BY:

DATE:

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