Non Credit Documentation - Gift City

Hiring for: A leading private sector bank in India, offering a wide range of banking and financial services to corporate, retail, and institutional clients.

Role: Non Credit Documentation - Gift City

Positions: 1

Experience: 12 to 16 years

Location(s): Mumbai - Andheri

Type: On-site / Permanent

Salary: Up to INR 40 LPA

Role Summary

Provide legal documentation and advisory support to the Bank across transaction banking, escrow structures (including RERA escrow), wealth management, technology contracts, vendor agreements, and GIFT City (IFSC) liability products, with a strong focus on electronic payments, payment systems, and regulatory compliance under applicable RBI regulations. The role will also lead and manage a team of legal professionals, ensuring high-quality, timely, and consistent legal support to business stakeholders.

Key Responsibilities

Draft, review, and negotiate documentation for cash management and transaction banking products, including electronic payment solutions.

Advise on legal aspects of electronic payments, clearing and settlement mechanisms, and compliance with the Payment and Settlement Systems Act, 2007.

Structure and handle escrow and RERA-compliant escrow arrangements, including tripartite agreements.

Support wealth management business through client agreements, distribution contracts, and product documentation.

Draft and negotiate vendor and commercial contracts, including outsourcing and professional services agreements.

Handle IT and technology contracts, including software licensing, SaaS, cloud services, data processing, and fintech partnerships.

Advise business, operations, compliance, and risk teams on RBI regulations, internal policies, and regulatory developments.

Responsible for new product launches and new product note approval process.

Lead, mentor, and manage a team of approximately 6 lawyers, including allocation of work, quality control, performance development, and capacity planning.

Ensure standardisation of documentation, process efficiency, and adherence to internal legal and risk frameworks.

Support internal audits, regulatory inspections, and engagement with regulators and external counsel, as required.

Key Skills & Competencies

Strong expertise in banking and transaction documentation

Sound understanding of electronic payments, the Payment and Settlement Systems Act, 2007, and RBI regulatory framework

Practical exposure to RERA, SEBI, and IFSCA regulations

Demonstrated team leadership and people-management capability

Strong drafting, negotiation, and stakeholder management skills

Ability to balance legal risk with business and product objectives in a high-volume environment

Qualifications

LL.B. from a recognised Indian university

Prior experience in a bank or financial services organisation

Proven experience in leading and managing legal teams preferred