The Role
Manage end-to-end legal and regulatory compliance for an NBFC’s lending and operational activities. Responsibilities include drafting and reviewing lending documents, borrower and property due diligence, transaction structuring, RBI and NBFC regulatory compliance, statutory filings, litigation and recovery management, and coordination with internal teams, regulators, clients, and external counsel. The role also supports credit decisions, monitors compliance timelines, and recommends risk mitigation strategies.
Summary Generated by Built In
Role Overview-
To ensure end-to-end legal and regulatory compliance for all lending and operational activities of the NBFC, including client due diligence, transaction structuring, documentation, regulatory adherence, and litigation management in line with RBI guidelines and applicable laws.
Key Responsibilities:
To ensure end-to-end legal and regulatory compliance for all lending and operational activities of the NBFC, including client due diligence, transaction structuring, documentation, regulatory adherence, and litigation management in line with RBI guidelines and applicable laws.
Key Responsibilities:
1. Legal Documentation & Transaction Management
· Draft, vet, and manage legal documentation including Loan Agreements, Term Sheets, Sanction Letters, Security Documents (Mortgages, Guarantees, Hypothecation, Pledge, Declarations, etc.)
· Ensure accuracy, completeness, and enforceability of all legal documents.
· Standardize documentation templates in line with regulatory and business requirements.
2. Client Due Diligence & Credit Support
· Draft and continuously formulate processes for KYC and related Borrower due diligences in line with the Regulatory/internal requirements.
· Support credit team by providing legal insights on borrower risk, collateral enforceability, and structuring transactions.
· Guide Credit Analysts on legal implications related to lending proposals.
3. Property & Asset Due Diligence
· Perform title verification and legal due diligence for property-backed transactions.
· Validate ownership, encumbrances, and legal clearances.
· Oversee mortgage creation and ensure proper documentation of security interests.
4. Regulatory Compliance & Reporting
· Ensure compliance with applicable laws, including:
-RBI Act, Rules, Regulations, and Circulars
-Companies Act, 2013
-NBFC-specific regulatory frameworks
· Monitor regulatory updates and ensure timely implementation across the organization.
· Draft and respond to communications from RBI and other statutory/regulatory authorities.
· Maintain compliance trackers and ensure adherence to timelines.
5. Statutory Registrations & Filings
· Handle registration and compliance requirements including:
-Charge registration with ROC
-Security interest registration with CERSAI
-LEI (Legal Entity Identifier) registration and renewals
-CKYC compliance
· Ensure timely filings and renewals to avoid regulatory penalties.
6. Litigation & Recovery Management
· Manage litigation portfolio including:
-Coordination with external legal counsel
-Tracking case progress and maintaining legal MIS
· Draft and issue legal notices (demand notices, recall notices, etc.)
· Support recovery proceedings and enforcement actions under applicable laws.
7. Stakeholder Management
· Liaise with:
-Internal teams (Credit, Operations, Risk, Secretarial)
-External stakeholders (law firms, regulatory authorities, clients)
· Provide timely legal advice and support for business decisions.
· Ensure compliance with applicable laws, including:
-RBI Act, Rules, Regulations, and Circulars
-Companies Act, 2013
-NBFC-specific regulatory frameworks
· Monitor regulatory updates and ensure timely implementation across the organization.
· Draft and respond to communications from RBI and other statutory/regulatory authorities.
· Maintain compliance trackers and ensure adherence to timelines.
5. Statutory Registrations & Filings
· Handle registration and compliance requirements including:
-Charge registration with ROC
-Security interest registration with CERSAI
-LEI (Legal Entity Identifier) registration and renewals
-CKYC compliance
· Ensure timely filings and renewals to avoid regulatory penalties.
6. Litigation & Recovery Management
· Manage litigation portfolio including:
-Coordination with external legal counsel
-Tracking case progress and maintaining legal MIS
· Draft and issue legal notices (demand notices, recall notices, etc.)
· Support recovery proceedings and enforcement actions under applicable laws.
7. Stakeholder Management
· Liaise with:
-Internal teams (Credit, Operations, Risk, Secretarial)
-External stakeholders (law firms, regulatory authorities, clients)
· Provide timely legal advice and support for business decisions.
Requirements
Qualifications & Experience
- LLB / LLM from a recognized university
- Certification in Banking & Finance Laws / Financial Regulations / Compliance Management will be preferred
- 5 - 8 years
of experience in Legal & Compliance within NBFC / Banking / Financial Services
- Experience
in lending transactions, documentation, and regulatory compliance is essential
Key Performance
Indicators (KPIs)
- Zero regulatory penalties or
compliance lapses
- Turnaround time for legal
documentation within stipulated days
- Timely closure of litigation/recovery
cases
- Accuracy rate in due diligence
and documentation
- Propose legal documentation
structures within defined thresholds
- Recommend risk mitigation
strategies for lending transactions
- Escalate high-risk cases to
senior management
Key Competencies:
- Strong knowledge of NBFC regulations and RBI guidelines
- Expertise in legal drafting and contract management
Skills Required
- LLB or LLM from a recognized university
- 5–8 years of experience in legal and compliance within NBFC, banking, or financial services
- Experience with lending transactions and legal documentation
- Experience with regulatory compliance
- Strong knowledge of NBFC regulations and RBI guidelines
- Expertise in legal drafting and contract management
- Certification in Banking and Finance Laws, Financial Regulations, or Compliance Management
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The Company
What We Do
V. M. Salgaocar and Brother Pvt. Ltd., operating under the Vimson Group, is a Goa-headquartered diversified Indian conglomerate with more than 70 years of experience. Its activities span multiple sectors, including iron-ore operations requiring laboratory analysis and quality control, as well as estate and real-estate activities. The group presents itself as an innovation-, collaboration-, and inclusivity-oriented organization serving both company and society.
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