Senior Cluster Manager at Bajaj Finance Limited [PQE 4-5 Yrs]: Apply Now!

Bajaj Finance Limited invites applications for the position of Senior Cluster Manager in Pune, Maharashtra. The role requires an LL.B. degree and 4–5 years of post-qualification experience, including experience in banking, financial services, an NBFC or a law firm.

Contents hide

1. About Bajaj Finance Limited

2. About the Job

3. Eligibility

4. Responsibilities

5. Location

6. Application Procedure

About Bajaj Finance Limited

Bajaj Finance Limited (BFL) is an Indian deposit-taking non-banking financial company headquartered in Pune. It was formed as Bajaj Auto Finance Limited to finance Bajaj’s two and three wheeler segments.

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About the Job

Bajaj Finance Limited is hiring a Senior Cluster Manager to handle legal matters relating to retail and SME lending, fixed deposit products, digital lending and commercial agreements. The role involves drafting and negotiating legal documentation, advising internal stakeholders and ensuring that products and business processes comply with applicable laws and regulatory requirements.

Eligibility

LL.B. from a recognised university, with overall 4 to 5 years of post-qualification experience, including at least 2 years in the banking, financial services, NBFC or law firm environment.
Hands-on experience in drafting, reviewing, vetting and negotiating lending documentation, commercial contracts and product-related legal documents.
Good working knowledge of laws and regulatory guidelines applicable to the BFSI sector, including contract law, information technology laws, Aadhaar law, data privacy laws, insolvency laws, consumer protection laws and RBI/NBFC regulatory requirements.
Strong written and oral communication skills, with the ability to provide clear and practical legal advice to business teams.
Proficiency in Microsoft Office applications, including Outlook, Word, Excel and PowerPoint.
Ability to work in a process-oriented environment, manage multiple priorities and take ownership of assigned matters.
Team-oriented approach with willingness to collaborate with internal stakeholders, external counsel and cross-functional teams.
Willingness to support urgent business requirements and additional responsibilities wherever required.

Responsibilities

Draft, review and vet loan, security and related documentation for secured and unsecured Retail and SME loan products.
Draft, review and advise on terms and conditions for Fixed Deposit products, including queries relating to deceased claim settlements, powers of attorney, trust deeds and investment-related clauses.
Review and advise on customer journeys, consent flows and loan documentation for digital lending products and digital customer acquisition channels.
Structure, draft, review and negotiate product-specific documentation in coordination with business, product, compliance, operations and technology teams.
Draft, review and negotiate agreements relating to interest subvention, outsourcing, service providers, collaborations, non-disclosure arrangements, marketing and endorsement arrangements, escrow structures and digital initiatives.
Prepare, standardize and periodically update legal templates for new and existing products, ensuring consistency with applicable laws, internal policies and business requirements.
Draft and vet terms and conditions for promotional offers, campaigns, customer communications and product-related disclosures.
Research and analyse applicable laws, judicial precedents and regulatory developments to assess their impact on products, services, documentation and customer journeys.
Provide timely, practical and legally sound advice to internal stakeholders on day-to-day legal, contractual, regulatory and documentation-related issues.
Support implementation of legal and regulatory changes affecting consumer lending, digital lending, outsourcing, data privacy, consumer protection and financial services documentation.