Legal Collection Manager, HSBC

HSBC

Location:
India, Bangalore

Category:
Legal

Contract Type:
Not provided

Salary:

Not provided

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Job Description:

The Legal Collection Manager will oversee all legal matters related to the recovery and management of secured and unsecured loan portfolios. This role involves coordinating with empaneled legal vendors to handle legal proceedings, manage recoveries, and ensure compliance with relevant laws and regulations. The Legal Manager will provide legal support to the collections team, ensuring efficient and timely action on delinquent accounts while minimizing legal risks.

Job Responsibility:

Formulate legal strategies for the recovery of secured and unsecured loans
Manage relationships with empaneled law firms and legal vendors, ensuring timely and effective action on legal cases
Work closely with the bank’s legal and compliance departments to integrate any policy changes issued by central governing bodies, such as the RBI
Advise on recovery actions under applicable laws, including the SARFAESI Act, DRT, PSS Act, Lok Adalat, IBC, and other relevant laws
Ensure compliance with banking laws, regulatory requirements, and internal policies
Monitor and review the performance of external legal vendors to ensure alignment with the bank’s objectives
Oversee and coordinate the preparation and filing of legal documents
Monitor ongoing litigation, ensuring effective follow-up and timely resolution of cases
Coordinate with external lawyers for the investigation of property titles
Manage the repossession and auction processes for secured assets in line with legal guidelines
Maintain accurate records of all legal cases
Prepare regular reports on the status of legal cases
Present legal case updates and recovery progress to senior management
Participate in negotiations with delinquent customers to reach amicable settlements

Requirements:

Bachelor’s Degree in Law (LLB): Mandatory
Minimum of 5+ years in the legal department of a bank / financial institution
Strong understanding of collections law and recovery regulations
Excellent written and verbal communication skills
Strong interpersonal skills for managing external legal vendors and collaborating with internal stakeholders
A strong understanding of the SARFAESI Act, DRT (Debt Recovery Tribunal), PSS Act, Lok Adalat, Insolvency and Bankruptcy Code (IBC), and other relevant civil and criminal recovery laws is essential

What we offer:

Continuous professional development
Flexible working
Opportunities to grow within an inclusive and diverse environment

Additional Information:

Job Posted:
April 29, 2025

Expiration:
May 13, 2025

Employment Type:

Fulltime

Work Type:

On-site work

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Legal Collection Manager

HSBC

Location:India, Bangalore

Category:Legal

Contract Type:Not provided