Team Member Legal - Wholesale Banking-SUPPORT SERVICES-Legal

Job Description

Responsibilities:

1. Provide high quality, quick and responsive legal advice to Transaction Banking and Digital Banking group in respect of corporate client negotiations, structuring of new products and services, modification/customisation of existing products and new product offerings and services, legal and regulatory issues arising out of the provisions of payment systems, RBI, NPCI, Card Associations, SEBI, RERA Authority etc.
2. Reviewing and advising on RFPs, Government tenders, contracts and MOUs.
3. Advising on agreements to entered with partners like NPCI, Card Associations like VISA, Mastercard etc
4. Draft, review and negotiate documentation of the Bank relating to Cash Management Services, Acquiring Services, Payment Gateway and Payment Aggregator related services, RERA Accounts, Dividend Accounts, Prepaid Payment Instruments, Wallet business and related nodal/escrow accounts.
5. Prepare and vet documentation related to service level agreements, their addendums and renewals. Managing complete contract life cycle while ensuring that all documents are in compliance with applicable laws and regulations issued by statutory or regulatory authority.
6. Identify gaps in legal processes and documentation and reduce legal risks.
7. Advice on legal risks associated with transaction banking and digital banking products and services and propose mitigation strategies. Interpret and advice on relevant laws, regulation and guidelines applicable to transaction banking group.
8. Stay updated on changes in legislation, particularly banking laws, electronic and payment industry regulations and ensure these changes are reflected in all the applicable contracts and policies of the Bank.
9. Liaise with Internal stakeholders including business, product, compliance and risk team to ensure alignment on legal requirements and risk management.