Senior Legal Counsel – Retail Banking (Mumbai)

About the role

The Senior Legal Counsel – Retail Banking will lead legal operations for the Retail Banking division, ensuring compliance with regulatory standards and internal policies. Based in Mumbai, the role supports litigation, investigations, and the efficient closure of banking transactions.

Key responsibilities

• Implement departmental policies, processes, and procedures for consistent legal operations.
• Draft and manage legal documentation such as letters, meeting minutes, memos, charts, tables, and graphs to support litigation and investigations.
• Provide legal support to internal client groups to facilitate timely transaction closures.
• Execute day‑to‑day legal operations in line with established standards and procedures.
• Monitor and manage legal costs within the approved budget.
• Maintain and develop legal MIS by documenting interventions and defended matters.
• Assist in updating legal manuals and procedures for the Retail Banking group.
• Conduct research on legal records and precedents to ensure timely data availability.
• Stay updated on legislative changes in the legal and banking sectors and communicate key updates to senior team members.
• Ensure proper storage and easy retrieval of all legal documents.
• Review legal journals and court circulars to share relevant updates with senior colleagues.
• Recommend process and policy improvements to enhance operational efficiency and customer service quality.

Required profile

• Bachelor’s degree in Law (LLB) mandatory; Master’s degree in Law (LLM) preferred.
• Minimum of 7 years of legal experience in banking or financial services.
• Proven track record in handling litigation, legal documentation, and regulatory compliance.

Required skills

• Strong understanding of banking laws, regulations, and legal procedures.
• Excellent drafting, research, and analytical abilities.
• Ability to manage multiple legal matters simultaneously with attention to detail.
• Effective communication and interpersonal skills for liaising with internal and external stakeholders.
• Proficiency in legal MIS and document management systems.
• High level of integrity, discretion, and professionalism.