Kotak Mahindra Bank—Team Member - Compliance-SUPPORT SERVICES-Compliance

Job description

Description: Job Description: Compliance Manager - Kotak Mahindra Bank Job Title Manager / Senior Manager - Compliance Location Mumbai Key Responsibilities Regulatory Compliance & Advisory - Provide compliance guidance to business and support functions on applicable RBI regulations, banking laws, and internal policies. - Review new products, processes, initiatives, and business propositions from a regulatory compliance perspective. - Interpret regulatory circulars and assess their impact on banking operations. Monitoring & Testing - Conduct periodic compliance monitoring and testing to identify potential compliance gaps. - Track closure of compliance observations and remediation plans. - Prepare compliance reports, dashboards, and management updates. Regulatory Change Management - Monitor regulatory developments issued by RBI, SEBI, IRDAI, NPCI, FIU-IND, and other regulatory bodies. - Facilitate implementation of regulatory changes across relevant stakeholders. - Maintain compliance trackers and regulatory inventory. Audit & Inspection Support - Coordinate with Internal Audit, Statutory Auditors, and Regulatory Inspectors for compliance-related matters. - Support submission of information and responses during regulatory inspections and audits. - Ensure timely closure of audit and inspection observations. Policy Governance - Assist in drafting, reviewing, and updating compliance policies, procedures, and frameworks. - Drive awareness and training programmes on compliance requirements across the organisation. - Promote a strong compliance culture and ethical conduct. Behavioural Skills - Strong analytical and problem-solving abilities. - Excellent stakeholder management and interpersonal skills. - Effective written and verbal communication. - High attention to detail and regulatory mindset. - Ability to manage multiple priorities in a dynamic environment. Preferred Industry Experience - Banks (Private, Foreign or Public Sector) - NBFCs - Financial Services Organisations - Consulting firms with Banking Compliance practice Grade: M4/M5 (based on experience and internal benchmarking) Requirements: Prerequisites - MBA / CA / CS / LLB or equivalent qualification from a reputed institution. - 5-10 years of experience in Compliance, Risk Management, Audit, Legal, or Regulatory Affairs within Banking or Financial Services. - Strong understanding of RBI regulations, Banking Regulation Act, KYC/AML guidelines, Fair Practice Codes, and related regulatory frameworks. - Experience in compliance monitoring, regulatory advisory, and governance activities. Responsibilities: Provide compliance guidance to business and support functions on applicable RBI regulations, banking laws, and internal policies. Review new products, processes, initiatives, and business propositions from a regulatory compliance perspective.