AX1/ST/RP/Specialist Officers in Scale I & II/2021-22
BANK OF MAHARASHTRA, leading listed Public Sector Bank having Head Office in Pune and all India network of branches across the India, invites online application from candidates for recruitment of Specialist Officers in Scale I & II. Bank is looking forward to augmenting agriculture sector, strengthening cyber security, impregnable legal services and emulating techno-savvy systems in tandem.
1. Name of the Post: Law Officer
2. Scale: II
3. No of Vacancies: 10
Essential: - Bachelor’s Degree in Law recognized by the Bar Council of India for the purpose of enrolment as an Advocate with a minimum required marks of 60% or equivalent in the aggregate of all semesters / years. For SC/ST/OBC and PWD candidates, minimum required marks of 55% in the aggregate of all semesters/years in Bachelor’s Degree in Law.
Desirable: Special knowledge of (i) Banking Law, Company Law, Labour Law and Constitutional Law and experience in drafting of pleadings and documents; (ii) Proficiency in computer applications
At least five years’ experience as an Advocate or as a Law Officer in the Legal Department of a Bank / financial institution/ statutory corporation / Company and/or Legal Associate / Legal consultant in an Advocate’s or Solicitor’s Office or in the Legal Department of Central / state Government or as teacher in law in a Law College / University. However, preference shall be given to the candidates having experience as a Law Officer in the Legal Department of a nationalized Bank/financial institution. The candidate should have worked in Bank for one year as Law Officer.
6. Minimum Bond Period: Two years from the date of Joining the Bank.
7. Probation Period: 01 years
8. Job Profile:
i. Guidance to branches for obtaining required documents in various type of banking transactions. Preparation of specialized documents wherever required. Document verification for advances of Rs.50.00 lacs and above. Providing opinion on legal issues involved in deceased claim settlement. Giving approval to the draft of Bank Guarantees on law points referred by the branches and Zonal Office
ii. Entrusting the cases to advocates in respect of suit filed by bank or defended by Bank, as per the guidelines issued by Head Office from time to time and brief the case. Reviewing the performance of Advocates and submit the review report to H.O. as advised from time to time
iii. The Law Officers being the designated Nodal Officer for DRT, they have visit DRT for monitoring the suit filed cases, Securitization Application (SA) and keeping liaison with Recovery Officer (RO) & Presiding officer (PO) for expediting the cases, more particularly suit filed cases of Rs. 1.00 Core and above are to be attended by the Law officer.
9. Pay Scale: Scale of Pay – Scale - II Rs. 48170 – (1740/1) - 49910 – (1990/10) – 69810.
Minimum 25 years and maximum 35 years
UR / EWS / OBC: 1180, SC / ST : 118, PwBD, Women Candidates: Fee Exempted.