Legal Counsel

Job Description

Job Requirements

About the Role

The Legal Counsel– Retail Banking Legal will be responsible for overseeing legal operations within the Retail Banking division, ensuring compliance with regulatory standards and internal policies. Based in Mumbai, this role is part of the Corporate Services function and plays a critical role in managing legal documentation, supporting litigation and investigations, and facilitating the closure of banking transactions. The role demands a proactive legal professional who can contribute to operational efficiency and risk mitigation across the business.

Key Responsibilities

Primary Responsibilities

Implement departmental policies, processes, and procedures to ensure consistent and controlled legal operations.
Draft and manage legal documentation including letters, meeting minutes, memos, charts, tables, and graphs to support litigation and investigation activities.
Provide effective legal support to internal client groups to facilitate timely closure of transactions.
Execute day-to-day legal operations in compliance with established standards and procedures.
Monitor and manage legal costs within the approved budget.
Maintain and develop legal MIS by documenting legal interventions and defended matters.
Assist in the development and periodic updating of legal manuals and procedures relevant to the Retail Banking group.
Conduct research on legal records and precedents to ensure timely availability of relevant data.
Stay updated on legislative changes and developments in the legal and banking sectors, and communicate key updates to senior team members.
Ensure proper storage and easy retrieval of all legal documents.

Secondary Responsibilities

Regularly review legal journals and court circulars to identify and share relevant updates with senior colleagues.
Recommend process and policy improvements across the Banking business to enhance operational efficiency and customer service quality.
Stay informed about global legal trends and competitor strategies in key markets.

What We Are Looking For

Education

Bachelor’s degree in Law (LLB) is mandatory.
A Master’s degree in Law (LLM) or related field is preferred.

Experience

Minimum of 7 years of experience in legal roles within the banking or financial services industry.
Proven track record in handling litigation, legal documentation, and regulatory compliance.

Skills and Attributes

Strong understanding of banking laws, regulations, and legal procedures.
Excellent drafting, research, and analytical skills.
Ability to manage multiple legal matters simultaneously with attention to detail.
Effective communication and interpersonal skills to liaise with internal stakeholders and external legal entities.
Proficiency in legal MIS and document management systems.
High level of integrity, discretion, and professionalism.

Frequently Asked Questions

What are the eligibility criteria for the Legal Counsel job at IDFC FIRST Bank?

Eligibility typically includes the qualifications and experience outlined in the job description above, with around 0-2 Years years of relevant experience expected for this role.

What are the primary responsibilities of a Legal Counsel at IDFC FIRST Bank?

The key responsibilities for this role are detailed in the Key Responsibilities section above, covering the core duties expected of a Legal Counsel at IDFC FIRST Bank.

Is prior experience required for this position?

This role requires around 0-2 Years years of relevant experience, as specified in the job listing. Please refer to the Qualifications & Experience section above for full details.

What skills are important for this role?

Skills relevant to this position are outlined in the Qualifications & Experience section above. In general, strong communication, domain knowledge, and the ability to meet role-specific targets are valued across similar BFSI positions.

How do I apply for the Legal Counsel role at IDFC FIRST Bank?

You can apply directly using the Apply Now button on this page, which will take you to IDFC FIRST Bank's application process for this role.

IDFC FIRST Bank — Mumbai, MUMBAI