Senior Cluster Manager at Bajaj Finance Limited
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, a non-banking financial company (NBFC) or a law firm.
The position offers an opportunity to work on legal matters relating to retail and SME lending, fixed deposit products, digital lending and commercial agreements.
About Bajaj Finance Limited
Bajaj Finance Limited (BFL) is an Indian deposit-taking non-banking financial company headquartered in Pune. It was established as Bajaj Auto Finance Limited to finance Bajaj's two-wheeler and three-wheeler segments and has since expanded its financial services business.
About the Job
Bajaj Finance Limited is hiring a Senior Cluster Manager to handle legal matters across its lending and financial services businesses. The role involves drafting and negotiating legal documentation, advising internal stakeholders, reviewing product-related documents and ensuring that products and business processes comply with applicable laws and regulatory requirements.
Eligibility Criteria
Candidates should meet the following requirements:
Hold an LL.B. degree from a recognised university.
Have 4–5 years of post-qualification experience, including at least two years in banking, financial services, an NBFC or a law firm environment.
Have hands-on experience drafting, reviewing, vetting and negotiating lending documentation, commercial contracts and product-related legal documents.
Possess 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.
Demonstrate strong written and oral communication skills and the ability to provide clear, practical legal advice to business teams.
Be proficient in Microsoft Office applications, including Outlook, Word, Excel and PowerPoint.
Be able to work in a process-oriented environment, manage multiple priorities and take ownership of assigned matters.
Have a team-oriented approach and be willing to collaborate with internal stakeholders, external counsel and cross-functional teams.
Be willing to support urgent business requirements and additional responsibilities as required.
Responsibilities
The selected candidate will be responsible for:
Drafting, reviewing and vetting loan, security and related documentation for secured and unsecured retail and SME loan products.
Drafting, reviewing and advising on terms and conditions for fixed deposit products, including deceased claim settlements, powers of attorney, trust deeds and investment-related clauses.
Reviewing and advising on customer journeys, consent flows and loan documentation for digital lending products and digital customer acquisition channels.
Structuring, drafting, reviewing and negotiating product-specific documentation in coordination with business, product, compliance, operations and technology teams.
Drafting, reviewing and negotiating agreements relating to interest subvention, outsourcing, service providers, collaborations, non-disclosure arrangements, marketing and endorsement arrangements, escrow structures and digital initiatives.
Preparing, standardising and periodically updating legal templates for new and existing products in line with applicable laws, internal policies and business requirements.
Drafting and vetting terms and conditions for promotional offers, campaigns, customer communications and product-related disclosures.
Researching and analysing applicable laws, judicial precedents and regulatory developments to assess their impact on products, services, documentation and customer journeys.
Providing timely, practical and legally sound advice to internal stakeholders on day-to-day legal, contractual, regulatory and documentation-related issues.
Supporting the implementation of legal and regulatory changes affecting consumer lending, digital lending, outsourcing, data privacy, consumer protection and financial services documentation.
Location
Pune, Maharashtra, India.
Application Procedure
Interested and eligible candidates can apply through the Bajaj Finance careers portal.
View the Official Job Notification
Candidates should review the official job notification for the complete role requirements and application details before applying.