Vice President Legal Recovery
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Quick Summary
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Requirements
~1 min read- 15+ years of experience in Legal Recovery, Collections Legal, or Litigation.
- Prior experience with a Bank, NBFC, or Housing Finance Company is preferred.
- Strong experience in secured lending, particularly Home Loans, Mortgage Business Loans (MBL), and Loan Against Property (LAP).
- Extensive hands-on experience in NPA resolution, recovery litigation, and enforcement of secured assets.
- Strong understanding of the SARFAESI Act, DRT/DRAT proceedings, Section 138 of the NI Act, Civil and Criminal Laws, and Consumer Laws.
- Experience handling possession, auction, and enforcement-related matters.
- Proven experience managing large-scale litigation portfolios and external law firms/panel advocates.
- Experience managing Pan-India legal recovery operations.
- Demonstrated ability to lead and manage legal recovery teams.
- LL.B. / LL.M. from a recognized university.
Responsibilities
~1 min read- Lead the end-to-end legal recovery function for secured loan portfolios, primarily Home Loans, MBL, and LAP.
- Develop and implement legal recovery strategies for delinquent, stressed, and Non-Performing Asset (NPA) accounts.
- Drive recovery through appropriate legal and enforcement mechanisms for secured assets.
- Manage the complete legal recovery lifecycle, including pre-litigation notices, demand notices, possession proceedings, litigation, execution, and closure.
- Drive timely NPA resolution through legal intervention, settlements, enforcement, and the sale of secured assets.
- Work closely with Collections and Credit teams to identify and prioritize high-value and legally recoverable accounts.
- Handle legal proceedings under applicable laws, including:
- SARFAESI Act
- DRT/DRAT proceedings
- Civil proceedings
- Arbitration
- Section 138 of the Negotiable Instruments (NI) Act
- Consumer-related matters
- Manage and monitor SARFAESI proceedings, including notice issuance, possession, assistance from authorities, and subsequent recovery actions.
- Oversee DRT, DRAT, and other court proceedings relating to secured loan recovery.
- Handle possession, auction, enforcement, and execution-related matters.
- Review and oversee legal notices, summons, warrants, possession proceedings, execution petitions, and recovery documentation.
- Monitor litigation and enforcement cases to ensure timely progress and resolution.
- Handle customer disputes, consumer complaints, and litigation arising from recovery and enforcement activities.
- Manage law firms, panel advocates, legal vendors, and external recovery partners across India.
- Review and vet legal documents, pleadings, notices, agreements, affidavits, and recovery-related documentation.
- Conduct regular performance reviews and legal audits of external law firms and recovery partners.
- Coordinate with courts, DRTs, DRATs, government authorities, police authorities, and other statutory bodies wherever required.
- Collaborate with Business, Collections, Credit, Risk, Compliance, and Operations teams on high-risk and chronic delinquency accounts.
- Drive NPA resolution and recovery targets through effective legal recovery strategies.
- Prepare and monitor MIS reports and dashboards covering litigation status, recovery performance, ageing, case movement, possession status, and legal recovery outcomes.
- Conduct regular reviews with senior management and provide updates on legal recovery, NPA resolution, and litigation performance.
- Ensure compliance with RBI guidelines, regulatory requirements, internal policies, and applicable legal standards.
- Identify process gaps and implement SOPs, controls, and process improvements to enhance legal recovery efficiency.
- Ensure appropriate monitoring and governance of legal recovery activities across all regions.
- Lead, mentor, and develop the legal recovery team.
- Establish performance metrics and ensure achievement of defined recovery and litigation KPIs.
- Drive accountability, operational efficiency, and consistent execution of legal recovery strategies across India.
- Legal Recovery
- Litigation Management
- Secured Loans
- NPA Resolution
- SARFAESI Act
- DRT/DRAT Proceedings
- Legal Enforcement
- Enforcement Proceedings
- Secured Asset Recovery
- Possession and Auction
- Stakeholder Management
- Law Firm Management
- Regulatory Compliance
- Team Leadership
- Designation: Vice President – Legal Recovery
- Function: Legal & Collections / Recovery
Location & Eligibility
Where is the job
Mumbai, India
On-site at the office
About this job
- Posted
- Today
Listing Details
- Posted
- October 30, 2026
- First seen
- October 30, 2026
- Last seen
- October 30, 2026
Posting Health
- Days active
- 0
- Repost count
- 0
- Trust Level
- 60%
- Scored at
- October 30, 2026
Signal breakdown
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External application
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