Position: Legal Counsel
Location: Mumbai, Maharashtra, India
Department: Legal
Category: Accounts, Finance, Audit, Secretarial, Compliance & Legal
Experience Required: 5–10 Years
Job ID: P-188344
About the Role
IDFC FIRST Bank is seeking a skilled Legal Counsel to join its Legal team in Mumbai. This role requires hands-on experience in drafting and negotiating complex IT and service-related contracts while guiding internal stakeholders on legal risks, compliance, and post-execution processes. The ideal candidate will play a key role in protecting the bank’s interests in strategic partnerships and vendor engagements.
Key Responsibilities
Contract Drafting & Review:
- Draft, review, and negotiate a wide range of contracts including:
- Software Licenses (On-Prem, SaaS, PaaS)
- Master Service Agreements (IT & General Services)
- Data Processing & Information Security Agreements
- UPI, BBPS, FIP/FIU, and API Integration Agreements
- Hardware Procurement & Data Centre Contracts
- Business Correspondent, Referral Agreements, NDAs, MoUs
- Provide legal analysis and advice on contractual matters with a focus on IT, digital platforms, and technology services.
Legal Advisory & Compliance:
- Offer legal insights on banking regulations and evolving compliance frameworks.
- Collaborate closely with cross-functional teams including Risk, Compliance, TPRM, Procurement, and IT.
- Support internal policy updates and ensure adherence to regulatory changes.
Strategic Support:
- Identify and mitigate legal risks in business ventures and partnerships.
- Coordinate with external legal advisors on complex legal matters or dispute resolutions.
- Ensure effective legal checks are in place through the contract lifecycle.
Required Skills
- Strong legal research and analytical capabilities
- Expertise in IT contracts and vendor negotiations
- Knowledge of regulatory frameworks relevant to banking and financial services
- Excellent communication and stakeholder management skills
- Ability to manage multiple priorities and meet tight deadlines
- Proficiency in interpreting and simplifying complex contract language
Qualifications
Education:
- Bachelor’s or Master’s degree in Law from a recognized university
Experience:
- 5 to 10 years of relevant legal experience, preferably in IT contracting and banking/financial services
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