A Specialist Officer gets exposed to challenging assignments and also gets the opportunity to involve in pioneering Technological and Financial activities for the Indian Banking industry. The opportunities include working in the various departments of SBI. The article SBI SO Roles and Responsibilities gives the Detailed information about Roles and Responsibilities of SO.
Roles
Specialist Officers in a bank are appointed for specialized roles in various departments, according to their expertise and educational background. Below given the Some of the Specialist Officer positions in Banks.
Perform account reviews with the Top Management and assist in taking decision with respect to resolution/ recovery and what mode of resolution/ recovery should be initiated.
Advise branches in business verticals about observed shortcomings in the proposals due to which there was slippage in the asset quality.
Guide branches for implementation of resolution plan.
To keep abreast of latest developments in the respective sector through comprehensive industry analysis and research with the overall purpose of enhancing the quality of resolution.
Resolution/ Rehabilitation of credit facilities including rectification and restructuring by keeping DGM (ARC), DGM (NCLT), DGM (OTS), DGM (SARG - Retail) and DGM (SARG - Commercial) in the loop wherever necessary.
Contribution towards reduction in budgeted provisioning.
Support for resolution of accounts through NCLT.
Checking the viability of resolution plans.
Monitoring of accounts in SMAcategory and devising strategies for their up-gradation, if required.
Any other work/ responsibility that may be assigned, from time to time, by the Bank.
Analysing, drawing and negotiating various kinds of agreements including Resolution Agreements/ Sale Agreements for Financial Assets/ Inter-Creditor agreements etc.
Drawing of Loan Restructure Documents/ Master Debt Recast and Restructuring Agreement etc.
Offering opinion on restructuring of Corporate/ Infrastructure projects under prevalent legal provisions.
Expertise in understanding and analyzing Sector Specific Concession Agreement with various Authorities and the impact/ repercussions thereof.
Familiarity with Insolvency Laws, Debt Recovery laws, SARFAESI Act and current trends, updates and issues in the field.
Guiding and advising sectoral teams, branches and other functionaries on queries regarding legal matters as and when required.
Verifying the legal correctness of Information Memorandum (IM) and other such documents and guiding the operational units whenever necessary.
Handling matters relating to Corporate Debt Restructuring/ Strategic Debt Restructuring/ Scheme for Strategic Structuring of Stressed Assets ( S for A) and other forms of restructuring.
Vetting a Resolution Plan particularly in the context of provisions of IBC related law/ judgments.
Knowledge in laws relating to Take-Over/ Merger/ Amalgamation of Corporates.
Following up all the Insolvency, Debt Recovery cases.
To assist in empanelment of lawyers, insolvency professionals etc.
Handling any other matter referred to for legal opinion/ advice.
Any other work/ responsibility that may be assigned, from time to time, by the Bank.
Providing analytical and comprehensive in-house legal service across a broad range of legal issues (including those involving the affiliates of organization).
Keeping oneself updated and also, wherever necessary, briefing the top management of the organization about the latest legal developments.
Disseminating knowledge on relevant legal issues and developments to the operational functionaries and, if required, suggesting/ initiating necessary changes in the policy, procedure or functioning of the organization.
Offering opinion on various legal issues including those related to recovery, restructuring, resolution etc.
Analysing, drafting, vetting and negotiating agreements, contracts, deeds or documents required in the course of business.
Supporting the operational functionaries in understanding and mitigating the legal risk in contracts, negotiations, deals, projects etc.
Mapping out strategies, in coordination with the relevant operational functionaries, for effective litigation management.
Coordinating with statutory authorities/ regulatory authorities/ self-governing bodies on issues involving legal aspects.
Instructing and coordinating with advocates and other professionals wherever necessary.
Supporting operational functionaries in conduct of litigations by and against the organization and attending the court or tribunal or any judicial/ quasi-judicial forum, whenever required.
Supporting and developing the in-house legal team.
Any other work/ responsibility that may be assigned, from time to time, by the Bank.
Scrutiny of property documents to ascertain devolution of title.
Conducting search of records at Registrar Office, Court and related offices as well as conducting online ROC searches.
Obtaining Certificate of Encumbrances from relevant offices.
Verification/ Vetting of documents in connection with Title Verification.
Ensuring availability / compliance of legal/ statutory clearances/ dues.
Submission/ Scrutiny of Title Verification Report as per Bank's Format.
Determining acceptability of the title to the immovable properties offered as security (primary OR Collateral OR both).
Co-ordinate with Bank's empanelled Advocates and also the legal teams of Builders for quick disposal of proposals.
Provide legal opinion in respect of other related areas as and when sought, on an ongoing basis.
Offering opinion on various legal issues, drafting, vetting and negotiating agreements, contracts, deeds or documents.
Supporting the operational functionaries in understanding and mitigating the legal risk in contracts, negotiations, deals, projects etc. and in conduct of litigations including attending the judicial/ quasi-judicial forum, whenever required.
Keeping oneself updated about the latest legal developments and disseminating knowledge on the same to the operational functionaries.
Coordinating with the statutory authorities/ regulatory authorities/ self-governing bodies on issues involving legal aspects.
Instructing and coordinating with advocates and other professionals wherever necessary.
Title investigation of property and matter related thereto, if the individual is posted in specialised units identified for home loans or real-estate related advances/ loans.
Any other work/ responsibility that may be assigned, from time to time, by the Bank.