BOB Financial Solutions Limited (BFSL, formerly known as BOBCARDS Ltd.) is a wholly owned subsidiary of Bank of Baroda and a Non-Deposit Accepting Non–Banking Finance Company (NBFC). BFSL was established in the year 1994 to cater to the need of the rapidly growing credit card industry in a focused manner. BFSL is one among the pioneers in the Indian card market and was the first nonbanking company in India to issue credit cards. The Company’s core business is credit card issuance and consumer lending. It also provides support to Bank of Baroda by carrying out its merchant acquiring operations and its debit cards operation for its overseas territories/ subsidiaries and sponsored RRBs. The Company is aiming to expand within Consumer Credit, Commercial Credit, Retail Credit, Capital Market Lending (loan against securities, IPO financing) and other Financial Services.
Position : Role & Responsibilities
Key highlights of the role are listed below (purely indicative and not limiting):
Drafting, vetting, review and negotiation of various contracts/agreements/ MoUs /loan documents and other documentation for various Product lines of the Organization.
Drafting and negotiation of various contracts/agreements for various requirements/business engagements/various products and/or requirements of the Organization.
Carrying out necessary legal research and finding out relevant case laws/applicable laws/regulations in relation to various requirements of the Organization.
Carrying out necessary research for applicable RBI/SEBI/FEMA/other regulatory regulations/guidelines/directions for various requirements/products and queries from time to time.
Drafting, vetting, review of Plaints, Complaints, Written Statements, Counter Claims, Replies, Rejoinder, Affidavits, etc.
Filing and monitoring of all BY and AGAINST Cases, including without limitation, Suits, Consumer Dispute Cases/ Cases under Sec.138, recovery cases, decreed cases & its execution etc.
Issuing various demand notices and other legal notices for recovery of dues, preparation of compromise proposals, reply to legal notices, customer complaints, Complaints received through Ombudsman and other Customer Escalations on regular basis.
Preparing replies to all legal notices/complaints received from Cardholders, ensuring timely submission of these replies after approval from Competent Authorities
Applicants should possess the following attributes:
Strong Legal drafting and negotiation skills;
Knowledge of applicable laws and regulation, specifically banking laws and knowledge of corporate laws;
Strong legal research capability and skills to find out relevant case laws;
Good communication and coordination Skills;
Good with MS Office (Word/Excel/Power Point);
High Degree of Professional ethic and integrity;
Ability to handle high work pressure with stipulated time-lines;
Should be comfortable with frequent Travel requirements;
Qualified LLB / Masters in Law from a reputed College/University
Minimum 3 years of experience preferably in Banking and Financial Services Sector Companies of repute.
Compensation will not be a limiting factor for the right candidate and will be discussed on a case by case basis.
Location of posting
Maximum Age on the last date of application
45 Years as on date of receipt of Application
Last Date for application
03rd April 2019
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