Legal Manager Vacancy At Kotak Mahindra Bank Limited

The Legal Manager Opportunity Introduction.

The Kotak Mahindra Bank Limited is in need of an application to the post of Legal Manager. This is a great opportunity for legal professionals who would like to establish their career in the banking and finance industry. The position being advertised is that of the Loan Against Property department, which is a vital aspect of the work of the bank in terms of lending. The position is located in Delhi, which will provide an opportunity to work in one of the main financial centers of the country.

The financial institution is seeking a hardworking and experienced person to work in their legal department. The job is best suited to a person with a good legal background and interest in financial regulations. The candidate that will be chosen will be critical in defending the interests of the bank and facilitating the legal processes. This is among the recruitment drives that the bank has embarked on as part of the move to bolster its legal framework and as part of growth business support.

One should also pay attention to the fact that the application is time-sensitive and interested candidates should take this into account. This implies that prospective applicants have to move with speed in order to prepare their papers and hand over their information. Being employed in a well-known company such as Kotak Mahindra Bank can be a significant career advancement for a legal practitioner.

Extensive Qualifications to Applicants.

In order to qualify for this job, the candidates will be required to have certain educational requirements that have been established by the bank. The major qualification is a Graduate degree in Law (LL.B) obtained in a reputed university. The bank has indicated that this degree should be through a normal full-time program, which is a guarantee of a good academic base. A bachelor’s degree is the minimum qualification, but applicants with a Post Graduate Degree in Law are going to be preferred.

The other important aspect of this position is experience. The bank is seeking employees who have previous experience in the finance sector. More specifically, the banking and financial sector experience is very desired because it guarantees knowledge of the work setting. The candidate must possess a track record of working in the same field in the past indicating their capability of dealing with legal issues.

The other major requirement of the job is language proficiency. The candidate should be well versed in both English and Hindi and should have high reading and writing skills in the two languages. This is necessary since the work will require interacting with papers and clients in the two languages. It would be a bonus to have knowledge of another language as an added asset to the profile of the candidate.

The Most Important Responsibilities and Job Description.

Being a Legal Manager in Kotak Mahindra Bank means having diverse tasks of significance. Reviewing finance facility agreements and other documentation is one of the key roles. This entails having a keen eye for detail so that all the legal terms are correct and safeguard the interests of the bank. The manager will be in charge of preparing and certifying these documents to eliminate any form of legal risks.

The other important aspect of the job is due diligence of properties. The manager should ensure the legality of properties that the bank plans to mortgage since he is in the department of Loan Against Property. This includes verification of property titles and ascertaining their legality and being free of legal wrangles. The manager will also give opinions on Title Search Reports of Immovable Properties.

The Legal Manager will also act as a legal consultant to the internal teams of the bank. They will offer legal advice or opinions on a myriad of things and issues that occur in the day-to-day functions. This consultant position is important to assist the business team in making quality decisions that are within the law. The candidate should be assured that he/she can confront and address legal problems that pose a challenge to the company.

Legal Knowledge and Skills Required.

The recruits should have excellent knowledge of certain laws pertaining to the banking industry. The Insolvency and Bankruptcy Code (IBC) is necessary to deal with bad loan-related cases. It is also important that one is aware of the SARFAESI Act which enables the banks to recover the non-performing assets without court intervention. This role also requires that one understands the procedures of the National Company Law Tribunal (NCLT).

Besides these particular laws, the candidate should also have excellent knowledge of the law pertaining to Immovable Properties. This is also directly related to the essence of the department of Loan Against Property. Good understanding of property law would mean that the mortgages of the bank are lawful and enforceable. The candidate must be in a position to maneuver through complicated legal stipulations to come up with easy-to-understand and practical answers.

Application of soft skills is equally important as technical knowledge in law in this position. The candidate should be a team player, able to work with the employees of other departments. They should also be process-oriented, meaning that all legal processes are taken in the right way and in the right direction. It is a very desirable trait in this position since the ability to operate with minimum supervision under pressure.

Kotak Work Culture/Environment.

Kotak Mahindra Bank has a good work atmosphere, which is conducive and inclusive. The organization upholds integrity and transparency which form the basic part of the operations in the organization. Employees are advised to be down to earth and friendly, making it an amiable work environment. This is a setting where professionals develop and can flourish without being encumbered by strict hierarchies.

The bank is extremely concerned with the welfare of the employees and professional development. Programs such as Health360 are based on the mental and physical health of the staff at large. The bank is also of the opinion that leaders are not born but they are developed through training programs in order to nurture the skills of the employees. This growth commitment makes it a good destination for ambitious legal professionals.