Details of the Organization

Formed in December 2018 through the merger of IDFC Bank and Capital First, the bank commenced commercial banking operations in 2016.

Details of the Job/Internship

IDFC FIRST Bank is hiring a Regional Legal Collection Manager – Multi Products with 10+ years of experience to join their office in Mumbai. The role involves minimizing losses by maximizing debt recovery through legal routes, devising strategies, liaising with internal stakeholders, and managing legal matters in coordination with the Corporate Legal team while ensuring compliance and improving profitability for Retail and Rural products.

Role and Responsibilities

• Design strategies to minimize losses by recovering debts through legal tools and routes.
• Ensure compliance with legal rules and regulations across states.
• Coordinate with the Corporate Legal team to manage cases in court.
• Co-own collection targets with Collection Heads.
• Lead the Legal Processing Office and manage backend processes and SOPs.
• Oversee the Legal Management System and the SARFAESI Act process.
• Handle customer escalations and provide legal support to other functions.
• Facilitate empanelment of external vendors from a legal standpoint.
• Arrange court orders for the bank as required.
• Act as custodian for Retail Legal affairs.
• Ensure adoption of internal compliance and regulatory frameworks.
• Collaborate with the Head of Collections to reduce credit loss and delinquency.
• Promote use of market intelligence and data analytics for process effectiveness.
• Recommend process and policy improvements for operational efficiency and customer service.
• Stay updated with market trends and competitor strategies.
• Drive cross-sell and branch synergies through internal collaboration.
• Lead initiatives to reduce operational costs and increase profitability.
• Monitor productivity, hiring quality, and attrition rates.
• Promote a customer-first culture within the team.
• Attract and retain talent for key roles.
• Collaborate with credit, technology, analytics, and risk teams for smooth operations.

Eligibility

• Graduate in any discipline.
• Post Graduate – MBA Finance.
• Professional Degree – LLB/LLM.
• 10+ years of experience in collections.

Salary/Stipend

Compensation details will be finalized during the interview process with the selected candidate.

Type of Opportunity

Fulltime

Country

India

State

Delhi

Address

Delhi, India.

Application and Registration Details

We are solely providing this information for dissemination and wish to clarify that we are not affiliated with the organization.

After you submit your application, you will receive the next steps in the process via email. Please follow the instructions provided to complete your application. 

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