Compliance-GIFT Branch-WBG HO / IPO / CIP-GIFT City

Compliance - GIFT City Branch

Kotak Mahindra Bank Gift City Branch is the Bank’s first offshore balance sheet located at International Financial Services Center Banking Unit [IBU], in Gujarat International Finance Tec - (GIFT) City. The branch transacts with offshore clients of the Bank – entities across the globe for their funding (Non INR) requirements; extending ECBs to Indian corporates, Trade and other transaction banking products. The branch is now empowered to transact with individual customers both Resident & Non-Resident. We expect this new business to power balance sheet growth for GIFT Branch. We are planning to grow this opportunity into a large sustainable franchise for the Bank. 

To put our plans to action and manage this growth, we are looking for bright and motivated individuals, who are capable of managing the growth pangs and hungry to prove themselves. Since we are working with lean teams, incumbents will be required to manage end to end. As the business grows, so will the size of the team – both horizontally and vertically.

Job Description:

• Responsible to manage the Compliance function in coordination with HO at GIFT City branch as a separate entity.
• Develop compliance adherence, monitoring and reporting to the Senior Management.
• Ensuring timely and accurate submissions to various internal & external stakeholders. Stake holders to include:
  • Compliance function at HO
  • Other Internal control functions.
  • Local regulatory authorities at GIFT
  • Other regulatory agencies in the jurisdiction that GIFT is active in.
• Responsible for review / approval of onboarding and customer classification as per the regulatory 
• Ensuring submission of monthly dashboards, 
• Responsible for development, continuous improvement and functioning of reporting infrastructure on compliance 
• Review of the bank policy and the new products procedures from a compliance perspective – both Indian & global.
• Provide insights to business units from a regulatory perspective on fresh business proposals / products as may be required from time to time.
• Provide Top Management / ALCO / Credit committee / OREC with timely and relevant insights / MIS / notes on Compliance parameters. 
• Ensure compliance of the Branch with all regulatory, Basel and internal guidelines and ensure no adverse audit observations.
• Keep upto date with global developments from the relevant regulatory authorities
• Responsible for developing and maintaining the strong compliance Culture and awareness across the network.
• Act as a back up to roles suggested and support in other areas of compliance activities as assigned by Compliance Management and Branch Head.

Job Requirement:

• Smart and positive personality, with self-start, Can-do attitude.
• High moral & ethical standards.
• Excellent oral & written communication skills.
• Ability to interact with various stakeholders – internal & external, on regulatory matters.
• Understanding of / Ability to understand Banking business, Guidelines and Regulations.
• Experience in similar role will be a big advantage.     

Required Experience:

• At least 6-10 years of experience
• Understanding of Regulatory Guidelines under Banking Regulation Act, FEMA Act, SEBI Act, IFSCA Regulation, SEZ Act etc.

Education/ Preferred Qualification 

• A post-graduate or Equivalent Degree
• CA/CS will have added advantage 
• Computer Proficiency (MS Office, Advanced Excel, Power point etc.)