Assistant Manager - Arbitration - CS - BFSI

Exceed Consulting
  • Mumbai
  • Confidential
  • 1-3 years
  • 04 Sep 2015

  • Legal, Company Secretary/ Secretarial

  • Financial Services/ Capital Markets, Banking - Retail
Job Description

The ideal candidate needs to be a Company Secretary (CS)

- Verify the application and documents submitted for arbitration of an investor complaint, so as to Admit / Register the arbitration case if found relevant.

- Send the documents to the respondent (member) asking for his response (statement of defence / counter claim) to the complaint filed by the applicant (investor).

- Send the arbitrator list to the respondent and applicant asking them to choose their preferred arbitrators.

- Send letter to the preferred arbitrator asking for his confirmation to the matter; Reiterate the process of choosing arbitrators if the arbitrator chosen declines to conduct the process.

- Intimate the applicant and the respondent about the arbitrator chosen and hearing date.

- Coordinate the hearing(s) for the arbitration till the case is closed / adjourned with an award from the arbitrator.

- Send the award files to both parties and ensure that it is acted upon.

- Block / release the money of the trading member according to the award after taking manager's approval.

- Reiterate the whole arbitration process with new arbitrator if any of the party has filed Appellate.

- The aggrieved party can take the case to the court even after the arbitration appellate mechanism.

- Release the payment for the trading member if he does not get a stay within 90 days of the case going to the court.

- Upload the details of the case and awards on the website.

- Debit / block the award amount from the deposits of the member In case the award is in favour of investor

- Convert the award amount into FDR in case appeal is filed before the appellate arbitrators of the Exchange or before the court of competent jurisdiction

- Prepare cheque for the amount debited in name of investor in case member fails to file appeal before the appellate arbitrators of the Exchange or before the court of competent jurisdiction

- Coordinate with members, and wait for court order in case member files petition

- Support court order so as to implement / reject award as per court order.

- Send FDR to bank for encashment and prepare cheque so as to forward cheque to the respective member.

- Collate data relevant to that period to prepare the periodic MIS reports to be sent to the internal NSE departments and SEBI.

- Issue NOC for members to confirm that they do not have any arbitration pending against them, on being intimated by membership department.

- Draft the report in response to the queries raised by regulators like SEBI / EOW / MOF / Police regarding cases that have been arbitrated before.

- Coordinate with the legal department for their inputs in drafting the reply.

Competencies/Skill sets for this job

Arbitration Legal Company Secratary

Job Posted By

About Organisation

Exceed Consulting